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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Interest and dividend income        
Loans, including fees $ 11,755 $ 10,218 $ 33,271 $ 29,850
Taxable securities 810 845 2,439 2,610
Tax-exempt securities 653 595 1,917 1,750
Federal funds sold and other 5 9 98 137
Total interest income 13,223 11,667 37,725 34,347
Interest expense        
Deposits 513 552 1,588 1,740
Federal Home Loan Bank advances 111 236 326 887
Subordinated debentures 192 190 565 590
Other 5 5 15 15
Total interest expense 821 983 2,494 3,232
Net interest income 12,402 10,684 35,231 31,115
Provision for loan losses 400   1,200 1,500
Net interest income after provision for loan losses 12,002 10,684 34,031 29,615
Noninterest income        
Service charges 1,262 1,110 3,487 3,184
Net gain (loss) on sale of securities (5) 1 (5) 114
Net gain on sale of loans 269 239 888 470
ATM fees 520 481 1,484 1,388
Trust fees 659 822 2,159 2,396
Bank owned life insurance 116 118 350 373
Tax refund processing fees   6 2,000 2,321
Other 255 235 769 770
Total noninterest income 3,076 3,012 11,132 11,016
Noninterest expense        
Salaries, wages and benefits 6,025 5,654 17,732 16,661
Net occupancy expense 595 510 1,833 1,771
Equipment expense 303 320 1,030 1,023
Contracted data processing 399 369 1,392 1,080
FDIC assessment 192 212 654 700
State franchise tax 205 240 661 680
Professional services 597 538 1,716 1,332
Amortization of intangible assets 189 201 522 604
ATM expense 119 203 563 606
Marketing 298 434 842 1,227
Other operating expenses 1,744 1,980 5,258 5,384
Total noninterest expense 10,666 10,661 32,203 31,068
Income before taxes 4,412 3,035 12,960 9,563
Income tax expense 1,159 729 3,414 2,306
Net Income 3,253 2,306 9,546 7,257
Preferred stock dividends and discount accretion 391 406 1,186 1,467
Net income available to common shareholders $ 2,862 $ 1,900 $ 8,360 $ 5,790
Earnings per common share, basic $ 0.36 $ 0.25 $ 1.07 $ 0.75
Earnings per common share, diluted $ 0.30 $ 0.21 $ 0.87 $ 0.64