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Consolidated Statements of Income - (Unaudited) (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 and dividend income        
Interest and fees on loans $ 8,054 $ 6,748 $ 23,040 $ 19,619
Interest and dividends on securities 569 355 1,417 1,040
Interest on cash and cash equivalents 45 18 116 39
Total interest income 8,668 7,121 24,573 20,698
Interest expense        
Interest expense on deposits 905 600 2,257 1,553
Interest on Borrowings 168 127 427 417
Total interest expense 1,073 727 2,684 1,970
Net interest income 7,595 6,394 21,889 18,728
Provision for loan losses 566 47 847 489
Net interest income after provision for loan losses 7,029 6,347 21,042 18,239
Noninterest income        
Gains and fees from sales of loans 366 972 1,008 1,737
Service charges and fees 153 100 420 297
Bank owned life insurance 135    305   
Net gain on sale of available for sale securities          648
Gain (loss) on sale of foreclosed real estate, net    (16)    49
Other 103 27 475 141
Total noninterest income 757 1,083 2,208 2,872
Noninterest expense        
Salaries and employee benefits 2,786 2,894 9,412 8,146
Occupancy and equipment 1,066 836 3,162 2,410
Professional services 394 422 1,035 1,212
Data processing 314 280 949 787
Director fees 177 142 460 426
Merger and acquisition related expenses 145    408 64
Marketing 135 378 463 776
FDIC insurance 120 36 345 267
Amortization of intangibles 27    80   
Foreclosed real estate 9 1 21 4
Other 357 342 1,134 950
Total noninterest expense 5,530 5,331 17,469 15,042
Income before income tax expense 2,256 2,099 5,781 6,069
Income tax expense 765 780 1,940 2,270
Net income 1,491 1,319 3,841 3,799
Net income attributable to common shareholders $ 1,441 $ 1,271 $ 3,677 $ 3,660
Earnings per common share - basic (in dollars per share) $ 0.22 $ 0.38 $ 0.72 $ 1.12
Earnings per common share - diluted (in dollars per share) $ 0.22 $ 0.37 $ 0.72 $ 1.10