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Consolidated Statements of Earnings (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Interest income:    
Interest and fees on loans $ 7,401 $ 7,640
Interest on due from banks 12 12
Interest on investment securities:    
U.S. Government sponsored enterprises 847 378
State and political subdivisions 1,177 984
Other 108 89
Total interest income 9,545 9,103
Interest expense:    
NOW, MMDA & savings deposits 126 218
Time deposits 334 467
FHLB borrowings 545 661
Junior subordinated debentures 96 100
Other 10 17
Total interest expense 1,111 1,463
Net interest income 8,434 7,640
Provision for loan losses (349) 1,053
Net interest income after provision for loan losses 8,783 6,587
Non-interest income:    
Service charges 1,129 1,039
Other service charges and fees 419 373
Gain on sale of securities 26 263
Mortgage banking income 104 384
Insurance and brokerage commissions 198 139
(Loss)/gain on sale and write-down of other real estate (162) 12
Miscellaneous 1,127 1,217
Total non-interest income 2,841 3,427
Non-interest expense:    
Salaries and employee benefits 4,276 4,190
Occupancy 1,521 1,312
Other 2,326 2,236
Total non-interest expense 8,123 7,738
Earnings before income taxes 3,501 2,276
Income tax expense 923 518
Net earnings 2,578 1,758
Dividends and accretion of preferred stock 0 157
Net earnings available to common shareholders $ 2,578 $ 1,601
Basic and diluted net earnings per common share $ 0.46 $ 0.29
Cash dividends declared per common share $ 0.04 $ 0.03