XML 35 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Income (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 and dividend income        
Loans $ 3,879 $ 4,022 $ 7,722 $ 8,147
Taxable securities 151 101 292 196
Non-taxable securities 167 165 332 334
Federal funds sold and other 33 37 65 76
Total interest and dividend income 4,230 4,325 8,411 8,753
Interest expense        
Deposits 551 625 1,094 1,252
FHLB advances and other 126 121 243 231
Subordinated debentures 24 24 47 49
Total interest expense 701 770 1,384 1,532
Net interest income 3,529 3,555 7,027 7,221
Provision for loan losses 150 50 275 1,300
Net interest income after provision for loan losses 3,379 3,505 6,752 5,921
Non-interest income        
Service charges on deposit accounts 296 321 557 612
Other service charges and fees 141 158 294 296
Gain on sale of mortgage loans 51 78 75 160
Non-deposit brokerage fees 75 78 144 143
Lease income 74 75 149 149
BOLI income 47 56 94 117
Gain on sale of securities available-for-sale (includes $74 and $29, accumulated other comprehensive income reclassifications for unrealized net gains on available-for-sale-securities for three months ended June 30, 2014 and 2013, respectively; and includes $74 and $37 comprehensive income reclassifications for unrealized net gains on available-for-sale securities for six months ended June 30, 2014 and 2013, respectively) 74 29 74 37
Total non-interest income 758 795 1,387 1,514
Non-interest expenses        
Salaries and employee benefits 1,486 1,417 3,013 2,858
Net occupancy expense 479 465 961 926
Advertising and public relations 93 110 176 188
Professional fees 149 174 302 338
Data processing services 248 272 481 537
Franchise shares and deposit tax 145 141 291 282
FDIC insurance 74 26 151 111
Core deposit intangible amortization 82 85 166 169
Postage and office supplies 59 35 110 78
Other real estate owned expenses 47 20 57 31
Other 271 434 487 743
Total non-interest expenses 3,133 3,179 6,195 6,261
Income before income taxes 1,004 1,121 1,944 1,174
Income taxes 271 333 520 271
Net income 733 788 1,424 903
Dividends and accretion on preferred stock 127 176 259 393
Net income available for common stockholders $ 606 $ 612 $ 1,165 $ 510
Basic earnings per common share (in dollars per share) $ 0.31 $ 0.31 $ 0.59 $ 0.26
Diluted earnings per common share (in dollars per share) $ 0.29 $ 0.30 $ 0.56 $ 0.25