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Condensed Consolidated Statements of Income (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Interest Income    
Loans $ 6,129 $ 5,042
Securities – taxable 846 484
Securities – non-taxable 58 303
Total interest income 7,033 5,829
Interest Expense    
Deposits 1,860 1,628
Other borrowed funds 307 308
Total interest expense 2,167 1,936
Net Interest Income 4,866 3,893
Provision for Loan Losses 147 134
Net Interest Income After Provision for Loan Losses 4,719 3,759
Noninterest Income    
Service charges and fees 167 159
Mortgage banking activities 900 3,011
Other-than-temporary impairment    
Total loss related to other-than-temporarily impaired securities 0 (979)
Portion of loss recognized in other comprehensive loss 0 945
Other-than-temporary impairment loss recognized in net income 0 (34)
Gain (loss) on sale of securities 359 (185)
Loss on asset disposals (13) (79)
Other 98 99
Total noninterest income 1,511 2,971
Noninterest Expense    
Salaries and employee benefits 3,055 2,379
Marketing, advertising, and promotion 382 372
Consulting and professional services 458 653
Data processing 237 214
Loan expenses 114 80
Premises and equipment 602 302
Deposit insurance premium 144 112
Other 446 435
Total noninterest expense 5,438 4,547
Income Before Income Taxes 792 2,183
Income Tax Provision 192 695
Net Income $ 600 $ 1,488
Income Per Share of Common Stock    
Basic (in dollars per share) $ 0.13 $ 0.52
Diluted (in dollars per share) $ 0.13 $ 0.52
Weighted-Average Number of Common Shares Outstanding    
Basic (in shares) 4,494,670 2,886,222
Diluted (in shares) 4,501,705 2,886,222
Dividends Declared Per Share (in dollars per share) $ 0.06 $ 0.04