XML 93 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
INTEREST INCOME      
Interest and fees on loans $ 41,110 $ 43,957 $ 47,361
Interest on debt securities:      
Taxable 3,592 4,100 4,864
Nontaxable 844 909 1,029
Federal funds sold and other overnight interest-bearing deposits 37 46 59
Dividends on other securities 82 102 156
Total interest income 45,665 49,114 53,469
Interest on deposits:      
Savings, interest checking and money market 974 1,146 1,645
Time deposit accounts $100,000 and over 906 1,111 1,663
Other time deposits 2,734 3,715 5,123
Interest on federal funds purchased and securities sold under agreements to repurchase 24 21 47
Interest on subordinated notes 1,284 1,381 1,301
Interest on Federal Home Loan Bank advances 420 531 1,074
Total interest expense 6,342 7,905 10,853
Net interest income 39,323 41,209 42,616
Provision for loan losses 2,030 8,900 11,523
Net interest income after provision for loan losses 37,293 32,309 31,093
NON-INTEREST INCOME      
Service charges on deposit accounts 5,556 5,439 5,566
Trust department income 796 893 898
Real estate servicing fees, net 876 (453) 55
Gain on sale of mortgage loans, net 1,665 2,669 1,649
Gain on sale of investment securities 778 26  
Other 1,195 1,152 1,032
Total non-interest income 10,866 9,726 9,200
NON-INTEREST EXPENSE      
Salaries and employee benefits 19,542 19,165 17,982
Occupancy expense, net 2,630 2,598 2,701
Furniture and equipment expense 2,007 1,840 2,019
FDIC insurance assessment 992 993 1,107
Legal, examination, and professional fees 982 1,189 1,332
Advertising and promotion 1,301 1,083 1,103
Postage, printing, and supplies 1,210 1,144 1,158
Processing expense 3,543 3,593 3,193
Other real estate expense, net 4,924 2,659 2,559
Other 3,632 4,403 3,691
Total non-interest expense 40,763 38,667 36,845
Income before income taxes 7,396 3,368 3,448
Income tax expense 2,422 546 591
Net income 4,974 2,822 2,857
Preferred stock dividends 337 1,125 1,513
Accretion of discount on preferred stock 278 659 476
Total preferred stock dividends and accretion of discount on preferred stock 615 1,784 1,989
Net income available to common shareholders $ 4,359 $ 1,038 $ 868
Basic earnings per share (in dollars per share) $ 0.87 $ 0.21 $ 0.17
Diluted earnings per share (in dollars per share) $ 0.87 $ 0.21 $ 0.17