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Consolidated Statements of Earnings (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Interest income:        
Interest and fees on loans $ 7,664 $ 7,592 $ 22,556 $ 22,671
Interest on due from banks 18 22 42 62
Interest on investment securities:        
U.S. Government sponsored enterprises 646 307 2,298 970
States and political subdivisions 1,168 1,179 3,514 3,233
Other 87 88 294 264
Total interest income 9,583 9,188 28,704 27,200
Interest expense:        
NOW, MMDA & savings deposits 124 160 375 578
Time deposits 287 396 924 1,285
FHLB borrowings 556 618 1,650 1,914
Junior subordinated debentures 98 100 291 299
Other 11 11 33 43
Total interest expense 1,076 1,285 3,273 4,119
Net interest income 8,507 7,903 25,431 23,081
Provision for loan losses 256 337 (27) 2,164
Net interest income after provision for loan losses 8,251 7,566 25,458 20,917
Non-interest income:        
Service charges 1,303 1,189 3,655 3,333
Other service charges and fees 213 258 892 900
Gain on sale of securities 240 0 266 614
Mortgage banking income 256 301 548 1,000
Insurance and brokerage commissions 161 161 521 478
Gain/(loss) on sale and write-down of other real estate (234) (111) (384) (284)
Miscellaneous 1,268 1,313 3,660 3,806
Total non-interest income 3,207 3,111 9,158 9,847
Non-interest expense:        
Salaries and employee benefits 4,301 4,183 12,784 12,614
Occupancy 1,489 1,357 4,476 3,988
Other 2,751 2,349 7,471 7,004
Total non-interest expense 8,541 7,889 24,731 23,606
Earnings before income taxes 2,917 2,788 9,885 7,158
Income tax expense 475 870 2,313 1,848
Net earnings 2,442 1,918 7,572 5,310
Dividends and accretion on preferred stock 0 156 0 470
Net earnings available to common shareholders $ 2,442 $ 1,762 $ 7,572 $ 4,840
Basic earnings per common share $ 0.43 $ 0.31 $ 1.35 $ 0.86
Diluted net earnings per common share $ 0.43 $ 0.31 $ 1.34 $ 0.86
Cash dividends declared per common share $ 0.04 $ 0.03 $ 0.12 $ 0.09