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CONSOLIDATED STATEMENTS OF INCOME (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:        
Loans, including fees $ 12,077 $ 10,733 $ 34,832 $ 30,874
Securities, taxable 1,851 2,247 6,069 7,107
Securities, non-taxable 506 436 1,518 1,042
Interest-bearing deposits in other financial institutions 58 42 120 140
Total interest income 14,492 13,458 42,539 39,163
Interest expense:        
Deposits 500 575 1,527 1,796
Subordinated debt   51   229
Short-term borrowings   1 1 1
Total interest expense 500 627 1,528 2,026
Net interest income before provision for loan losses 13,992 12,831 41,011 37,137
Provision (credit) for loan losses (24) (534) (232) (804)
Net interest income after provision for loan losses 14,016 13,365 41,243 37,941
Noninterest income:        
Service charges and fees on deposit accounts 631 645 1,897 1,840
Increase in cash surrender value of life insurance 401 414 1,196 1,240
Servicing income 316 331 977 1,081
Gain on sales of SBA loans 259 103 858 373
Gain on sales of securities 47   97 38
Other 216 245 909 744
Total noninterest income 1,870 1,738 5,934 5,316
Noninterest expense:        
Salaries and employee benefits 6,228 5,772 19,290 17,647
Occupancy and equipment 1,055 986 2,987 3,082
Professional fees 617 602 1,329 1,984
Insurance expense 292 255 830 763
Software subscriptions 264 381 702 966
Data processing 238 259 741 838
FDIC deposit insurance premiums 220 200 674 666
Correspondent bank charges 174 170 539 513
Foreclosed assets, net   8 (19) (242)
Subordinated debt redemption charges       167
Low income housing investment losses (353) 320   930
Other 1,404 1,427 4,734 4,236
Total noninterest expense 10,139 10,380 31,807 31,550
Income before income taxes 5,747 4,723 15,370 11,707
Income tax expense 2,322 1,510 5,545 3,521
Net income 3,425 3,213 9,825 8,186
Dividends on preferred stock (280) (168) (728) (168)
Net income available to common shareholders $ 3,145 $ 3,045 $ 9,097 $ 8,018
Earnings per common share:        
Basic (in dollars per share) $ 0.11 $ 0.10 $ 0.31 $ 0.26
Diluted (in dollars per share) $ 0.11 $ 0.10 $ 0.31 $ 0.26