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Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Interest income        
Interest and fees on loans $ 11,930 $ 11,550 $ 32,951 $ 35,504
Interest on investment securities: Taxable 1,529 1,063 3,826 3,322
Interest on investment securities: Exempt from federal income tax 447 433 1,315 1,355
Total investment income 1,976 1,496 5,141 4,677
Other 73 73 254 207
Total interest income 13,979 13,119 38,346 40,388
Interest expense        
Interest on deposits 1,251 1,527 3,860 5,085
Interest on short-term borrowings 16 18 45 115
Interest on long-term borrowings 1,666 1,795 4,919 5,628
Total interest expense 2,933 3,340 8,824 10,828
Net interest income 11,046 9,779 29,522 29,560
Provision for loan losses (1,107) 40 (161) 9,276
Net interest income after provision for loan losses 12,153 9,739 29,683 20,284
Other operating income        
Changes in fair value on impaired securities 742 389 3,095 346
Portion of gain recognized in other comprehensive income (before taxes) (742) (389) (3,095) (346)
Net securities impairment losses recognized in operations 0 0 0 0
Net gains/losses - other (102) (8) 254 672
Total net gains/(losses) (102) (8) 254 672
Service charges 879 921 2,613 2,646
Trust department 1,339 1,139 3,722 3,408
Insurance commissions 1 1 3 9
Debit card income 487 490 1,471 1,511
Bank owned life insurance 254 256 753 1,520
Brokerage commissions 245 210 606 599
Other 232 257 586 653
Total other income 3,437 3,274 9,754 10,346
Total other operating income 3,335 3,266 10,008 11,018
Other operating expenses        
Salaries and employee benefits 5,090 4,848 14,730 14,784
FDIC premiums 476 505 1,405 1,482
Equipment 657 645 1,948 1,986
Occupancy 632 654 2,016 2,055
Data processing 764 711 2,263 2,156
Other Real Estate Owned 2,814 618 2,766 225
Other 2,541 2,193 7,110 6,627
Total other operating expenses 12,974 10,174 32,238 29,315
Income before income tax expense 2,514 2,831 7,453 1,987
Applicable income tax expense (benefit) 678 (44) 1,853 128
Net Income 1,836 2,875 5,600 1,859
Accumulated preferred stock dividends and discount accretion (448) (415) (1,326) (1,261)
Net Income Available to Common Shareholders $ 1,388 $ 2,460 $ 4,274 $ 598
Basic and diluted net income per common share $ 0.22 $ 0.40 $ 0.69 $ 0.10
Weighted average number of basic and diluted shares outstanding 6,211 6,199 6,206 6,192