XML 55 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements Of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Interest and dividend income:        
Interest and fees on loans $ 9,205 $ 9,406 $ 18,269 $ 18,587
Interest on securities 4,077 3,056 7,985 6,218
Dividend on FHLB stock 69 12 138 34
Total interest and dividend income 13,351 12,474 26,392 24,839
Interest expense:        
Deposits 1,462 1,669 2,899 3,371
Short-term borrowings 156 104 280 232
Long-term debt 869 1,218 1,790 2,464
Total interest expense 2,487 2,991 4,969 6,067
Net interest income 10,864 9,483 21,423 18,772
Provision for loan losses 428 405 885 758
Net interest income after provision for loan losses 10,436 9,078 20,538 18,014
Non-interest income:        
Trust and other financial services 1,102 851 2,074 1,757
Service charges on deposit accounts 300 321 559 616
Credit and debit card service charges and fees 376 396 720 732
Net securities gains 350 256 747 521
Total other-than-temporary impairment ("OTTI") losses   (168)   (168)
Non-credit portion of OTTI losses (before taxes)   53   53
Net OTTI losses recognized in earnings   (115)   (115)
Other operating income 165 165 309 313
Total non-interest income 2,293 1,874 4,409 3,824
Non-interest expense:        
Salaries and employee benefits 4,283 3,696 8,199 7,303
Occupancy expense 544 493 1,108 977
Furniture and equipment expense 524 471 1,037 981
Credit and debit card expenses 100 92 197 188
FDIC insurance assessments 175 145 365 341
Other operating expense 1,735 1,698 3,301 3,112
Total non-interest expense 7,361 6,595 14,207 12,902
Income before income taxes 5,368 4,357 10,740 8,936
Income taxes 1,511 1,187 3,096 2,550
Net income $ 3,857 $ 3,170 $ 7,644 $ 6,386
Per Common Share Data:        
Basic earnings per share $ 0.65 $ 0.54 $ 1.29 $ 1.08
Diluted earnings per share $ 0.65 $ 0.54 $ 1.28 $ 1.08