XML 59 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Income (Unaudited) (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 income:        
Loans and leases $ 12,651 $ 12,283 $ 25,126 $ 24,736
Securities income 855 809 1,721 1,619
Short-term investments 59 50 119 106
Total interest income 13,565 13,142 26,966 26,461
Interest expense:        
Deposits 2,337 2,454 4,506 5,052
Notes payable and other borrowings 152 218 310 436
Junior subordinated notes 277 277 551 551
Total interest expense 2,766 2,949 5,367 6,039
Net interest income 10,799 10,193 21,599 20,422
Provision for loan and lease losses (91) 54 89 134
Net interest income after provision for loan and lease losses 10,890 10,139 21,510 20,288
Non-interest income:        
Trust and investment services fee income 1,110 970 2,178 1,797
Service charges on deposits 600 544 1,167 1,027
Loan fees 380 332 769 690
Increase in cash surrender value of bank-owned life insurance 209 212 416 419
Other 59 116 149 194
Total non-interest income 2,358 2,174 4,679 4,127
Non-interest expense:        
Compensation 4,741 4,507 9,798 9,233
Occupancy 315 312 638 640
Professional fees 895 434 1,527 1,006
Data processing 423 402 839 804
Marketing 364 352 711 637
Equipment 125 135 255 274
FDIC insurance 173 193 363 398
Collateral liquidation costs 85 73 243 59
Net loss on foreclosed properties 4 79 4 49
Other 624 1,003 1,222 1,568
Total non-interest expense 7,749 7,490 15,600 14,668
Income before income tax expense 5,499 4,823 10,589 9,747
Income tax expense 1,994 1,690 3,747 3,370
Net income $ 3,505 $ 3,133 $ 6,842 $ 6,377
Earnings per common share:        
Basic $ 0.89 $ 0.80 $ 1.73 $ 1.63
Diluted $ 0.88 $ 0.80 $ 1.72 $ 1.62
Dividends declared per share $ 0.21 $ 0.14 $ 0.42 $ 0.28