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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) (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 $ 6,664 $ 6,234 $ 13,078 $ 12,205
Due from banks interest bearing accounts 154 107 279 212
Investment securities        
Taxable 717 647 1,491 1,340
Non-taxable 98 99 197 199
Other earning assets 61 60 128 60
Total interest and dividend income 7,694 7,147 15,173 14,016
Interest expense:        
Deposits 336 312 661 646
Total interest expense 336 312 661 646
Net interest income 7,358 6,835 14,512 13,370
Provision for loan losses 600 400 1,200 800
Net interest income after provision for loan losses 6,758 6,435 13,312 12,570
Other operating income:        
Service charges on deposit accounts 537 617 1,090 1,270
Gains on sales of other real estate owned 0 1 0 1
Gains on sales of loans held-for-sale 143 424 277 992
Investment and brokerage services income 164 362 321 663
Mortgage brokerage income 6 6 6 35
Loan servicing income 104 346 221 713
Fiduciary activities income 137 197 336 329
ATM fees 83 68 190 152
Signature based transaction fees 410 337 696 629
Gains/(Loss) on calls of available-for-sale securities 0 0 0 4
Other income 244 191 439 382
Total other operating income 1,828 2,549 3,576 5,170
Other operating expenses:        
Salaries and employee benefits 3,765 4,079 7,525 8,208
Occupancy and equipment 730 749 1,458 1,532
Data processing 464 424 831 844
Stationery and supplies 92 104 174 189
Advertising 67 106 173 187
Directors' fees 69 50 122 107
Other real estate owned expense and impairment 38 9 41 21
Impairment on other interest earning assets 50 0 50 0
Other expense 1,365 1,330 2,579 2,517
Total other operating expenses 6,640 6,851 12,953 13,605
Income before provision for income taxes 1,946 2,133 3,935 4,135
Provision for income taxes 607 691 1,232 1,330
Net income 1,339 1,442 2,703 2,805
Preferred stock dividends (32) (160) (64) (372)
Net income available to common shareholders $ 1,307 $ 1,282 $ 2,639 $ 2,433
Basic earnings per share (in dollars per share) $ 0.13 $ 0.13 $ 0.27 $ 0.25
Diluted earnings per share (in dollars per share) $ 0.13 $ 0.13 $ 0.27 $ 0.25