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CONSOLIDATED STATEMENTS OF INCOME (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:        
Loans, including fees $ 10,051 $ 10,292 $ 20,140 $ 20,608
Securities, taxable 2,399 2,975 4,860 6,072
Securities, non-taxable 358   606  
Interest-bearing deposits in other financial institutions 30 29 99 65
Total interest income 12,838 13,296 25,705 26,745
Interest expense:        
Deposits 595 738 1,220 1,454
Subordinated debt 90 472 178 946
Short-term borrowings   2 1 2
Total interest expense 685 1,212 1,399 2,402
Net interest income before provision for loan losses 12,153 12,084 24,306 24,343
Provision (credit) for loan losses (270) 815 (270) 915
Net interest income after provision for loan losses 12,423 11,269 24,576 23,428
Noninterest income:        
Service charges and fees on deposit accounts 618 601 1,195 1,191
Increase in cash surrender value of life insurance 410 429 826 858
Servicing income 385 447 750 907
Gain on sales of SBA loans 134 376 270 412
Gain on sales of securities 7 32 38 59
Other 361 205 499 386
Total noninterest income 1,915 2,090 3,578 3,813
Noninterest expense:        
Salaries and employee benefits 5,864 5,377 11,875 11,044
Occupancy and equipment 1,028 967 2,096 1,963
Professional fees 400 470 1,382 1,681
Data processing 327 247 579 492
Low income housing investment losses 300 262 611 531
Software subscriptions 294 313 585 603
Insurance expense 253 224 508 447
FDIC deposit insurance premiums 207 202 466 427
Correspondent bank charges 179 155 343 299
Subordinated debt redemption charges 167   167  
Foreclosed assets, net (96) 105 (251) 220
Other 1,466 1,132 2,809 2,603
Total noninterest expense 10,389 9,454 21,170 20,310
Income before income taxes 3,949 3,905 6,984 6,931
Income tax expense 1,156 1,226 2,011 2,177
Net income 2,793 2,679 4,973 4,754
Dividends and discount accretion on preferred stock       (1,206)
Net income available to common shareholders $ 2,793 $ 2,679 $ 4,973 $ 3,548
Earnings per common share:        
Basic (in dollars per share) $ 0.09 $ 0.08 $ 0.16 $ 0.11
Diluted (in dollars per share) $ 0.09 $ 0.08 $ 0.16 $ 0.11