XML 14 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Earnings (USD $)
In Thousands, except Per Share data, unless otherwise specified
 3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Interest income:        
Interest and fees on loans $ 7,439 $ 8,227 $ 15,079 $ 16,652
Interest on due from banks 28 16 40 19
Interest on investment securities:        
U.S. Government sponsored enterprises 286 737 664 1,807
States and political subdivisions 1,069 787 2,053 1,587
Other 87 68 176 132
Total interest income 8,909 9,835 18,012 20,197
Interest expense:        
NOW, MMDA & savings deposits 200 295 418 639
Time deposits 422 864 889 1,896
FHLB borrowings 635 684 1,296 1,374
Junior subordinated debentures 100 110 199 222
Other 15 34 32 73
Total interest expense 1,372 1,987 2,834 4,204
Net interest income 7,537 7,848 15,178 15,993
Provision for loan losses 773 1,603 1,827 3,652
Net interest income after provision for loan losses 6,764 6,245 13,351 12,341
Non-interest income:        
Service charges 1,104 1,192 2,143 2,379
Other service charges and fees 268 258 642 599
Gain on sale of securities 352 664 614 1,191
Mortgage banking income 315 271 699 497
Insurance and brokerage commissions 178 119 317 254
Loss on sale and write-down of other real estate (184) (195) (173) (384)
Miscellaneous 1,276 1,284 2,494 2,436
Total non-interest income 3,309 3,593 6,736 6,972
Non-interest expense:        
Salaries and employee benefits 4,240 3,931 8,430 7,772
Occupancy 1,320 1,300 2,632 2,600
Other 2,419 2,612 4,655 4,742
Total non-interest expense 7,979 7,843 15,717 15,114
Earnings before income taxes 2,094 1,995 4,370 4,199
Income tax expense 461 486 979 1,031
Net earnings 1,633 1,509 3,391 3,168
Dividends and accretion on preferred stock 156 348 313 697
Net earnings available to common shareholders $ 1,477 $ 1,161 $ 3,078 $ 2,471
Basic net earnings per common share $ 0.26 $ 0.21 $ 0.55 $ 0.45
Diluted net earnings per common share $ 0.26 $ 0.21 $ 0.55 $ 0.45
Cash dividends declared per common share $ 0.03 $ 0.02 $ 0.03 $ 0.09