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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except 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:        
Interest and fees on loans $ 7,278 $ 5,435 $ 14,896 $ 10,846
Interest on deposits in other banks 44 29 97 59
Interest and dividends on investment securities:        
Taxable 1,439 352 2,786 753
Exempt from Federal income taxes 1,434 1,398 2,836 2,736
Total interest income 10,195 7,214 20,615 14,394
INTEREST EXPENSE:        
Interest on deposits 267 312 564 605
Interest on junior subordinated deferrable interest debentures 23 24 47 49
Other 0 0 0 17
Total interest expense 290 336 611 671
Net interest income before provision for credit losses 9,905 6,878 20,004 13,723
PROVISION FOR CREDIT LOSSES (400) 0 (400) 0
Net interest income after provision for credit losses 10,305 6,878 20,404 13,723
NON-INTEREST INCOME:        
Service charges 822 673 1,630 1,371
Appreciation in cash surrender value of bank owned life insurance 157 97 303 193
Interchange fees 342 213 629 409
Net (loss) gain on disposal of other real estate owned (1) 0 63 0
Net realized gains on sales of investment securities 64 320 333 1,133
Federal Home Loan Bank dividends 75 32 151 54
Loan placement fees 131 214 189 379
Other income 454 278 723 514
Total non-interest income 2,044 1,827 4,021 4,053
NON-INTEREST EXPENSES:        
Salaries and employee benefits 4,845 3,974 9,756 7,868
Occupancy and equipment 1,320 901 2,450 1,802
Data processing expense 463 289 913 592
Regulatory assessments 193 154 391 297
ATM and Debit card expenses 160 109 310 218
License and maintenance contract 128 100 258 199
Advertising 153 80 308 222
Audit and accounting fees 175 136 307 271
Internet banking expense 96 76 225 148
Acquisition and integration 0 380 0 513
Amortization of core deposit intangibles 84 50 168 100
Other expense 1,117 974 2,384 1,926
Total non-interest expenses 8,734 7,223 17,470 14,156
Income before provision for income taxes 3,615 1,482 6,955 3,620
Provision for income taxes 922 195 1,646 550
Net income 2,693 1,287 5,309 3,070
Preferred stock dividends and accretion 0 88 0 175
Net income available to common shareholders $ 2,693 $ 1,199 $ 5,309 $ 2,895
Net income per common share:        
Basic earnings per common share (in dollars per share) $ 0.25 $ 0.13 $ 0.49 $ 0.30
Weighted average common shares used in basic computation (in shares) 10,918,065 9,587,376 10,917,010 9,573,257
Diluted earnings per common share (in dollars per share) $ 0.24 $ 0.12 $ 0.48 $ 0.30
Weighted average common shares used in diluted computation (in shares) 10,999,663 9,644,938 10,996,572 9,629,771
Cash dividend per common share $ 0.05 $ 0.05 $ 0.10 $ 0.10