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Consolidated Statements of Income (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 and Dividend Income        
Interest and fees on loans $ 4,403 $ 4,816 $ 8,618 $ 9,749
Interest on deposits in banks 14 17 30 27
Interest and dividends on securities available for sale:        
Taxable interest 562 443 1,124 815
Tax-exempt interest 95 76 190 149
Dividends 21 19 42 38
Total interest and dividend income 5,095 5,371 10,004 10,778
Interest Expense        
Interest on deposits 372 632 772 1,338
Interest on trust preferred capital notes 54 55 108 111
Interest on other borrowings 30 30 59 59
Total interest expense 456 717 939 1,508
Net interest income 4,639 4,654 9,065 9,270
Provision for (recovery of) loan losses (400) 2,500 (600) 2,250
Net interest income after provision for (recovery of) loan losses 5,039 2,154 9,665 7,020
Noninterest Income        
Service charges on deposit accounts 643 464 1,273 923
ATM and check card fees 365 365 700 698
Wealth management fees 472 375 956 827
Fees for other customer services 126 128 213 216
Net gains on sale of loans   65   124
Net gains on sale of securities available for sale 22   22  
Other operating income 97 640 177 747
Total noninterest income 1,725 2,037 3,341 3,535
Noninterest Expense        
Salaries and employee benefits 2,554 2,443 5,063 5,077
Occupancy 278 296 593 674
Equipment 295 288 599 587
Marketing 126 113 235 223
Stationery and supplies 94 81 174 156
Legal and professional fees 247 219 449 398
ATM and check card fees 163 168 326 326
FDIC assessment 122 180 294 521
Bank franchise tax 105 70 199 138
Other real estate owned, net (70) 376 (39) 483
Telecommunications 73 78 144 140
Data processing 134 95 249 178
Loss on disposal of premises and equipment   3 2 3
Loss on land lease termination       206
Other operating expense 427 350 873 760
Total noninterest expense 4,548 4,760 9,161 9,870
Income (loss) before income taxes 2,216 (569) 3,845 685
Income tax expense (benefit) 674 (830) 1,157 (559)
Net income 1,542 261 2,688 1,244
Effective dividend and accretion on preferred stock 261 230 481 455
Net income available to common shareholders $ 1,281 $ 31 $ 2,207 $ 789
Earnings per common share, basic and diluted $ 0.26 $ 0.01 $ 0.45 $ 0.16