XML 36 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, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Interest income:        
Interest and fees on loans $ 7,491 $ 7,439 $ 14,893 $ 15,079
Interest on due from banks 12 28 24 40
Interest on investment securities:        
U.S. Government sponsored enterprises 804 286 1,651 664
States and political subdivisions 1,169 1,069 2,346 2,053
Other 100 87 207 176
Total interest income 9,576 8,909 19,121 18,012
Interest expense:        
NOW, MMDA & savings deposits 125 200 251 418
Time deposits 303 422 637 889
FHLB borrowings 549 635 1,094 1,296
Junior subordinated debentures 97 100 193 199
Other 11 15 21 32
Total interest expense 1,085 1,372 2,196 2,834
Net interest income 8,491 7,537 16,925 15,178
Provision for loan losses 67 773 (282) 1,827
Net interest income after provision for loan losses 8,424 6,764 17,207 13,351
Non-interest income:        
Service charges 1,223 1,104 2,352 2,143
Other service charges and fees 260 268 679 642
Gain on sale of securities 0 352 26 614
Mortgage banking income 188 315 292 699
Insurance and brokerage commissions 162 178 361 317
Gain/(loss) on sale and write-down of other real estate 12 (184) (150) (173)
Miscellaneous 1,265 1,276 2,392 2,494
Total non-interest income 3,110 3,309 5,952 6,736
Non-interest expense:        
Salaries and employee benefits 4,207 4,240 8,483 8,430
Occupancy 1,466 1,320 2,988 2,632
Other 2,394 2,419 4,720 4,655
Total non-interest expense 8,067 7,979 16,191 15,717
Earnings before income taxes 3,467 2,094 6,968 4,370
Income tax expense 916 461 1,838 979
Net earnings 2,551 1,633 5,130 3,391
Dividends and accretion on preferred stock 0 156 0 313
Net earnings available to common shareholders $ 2,551 $ 1,477 $ 5,130 $ 3,078
Basic and diluted net earnings per common share $ 0.45 $ 0.26 $ 0.91 $ 0.55
Cash dividends declared per common share $ 0.04 $ 0.03 $ 0.08 $ 0.06