XML 33 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
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 income:        
Interest and fees on loans $ 11,039 $ 10,390 $ 21,851 $ 20,825
Interest on investment securities 2,545 2,798 5,068 5,539
Interest on certificates of deposit investments 0 5 0 13
Interest on federal funds sold 0 2 0 6
Interest on deposits with other financial institutions 16 11 43 25
Total interest income 13,600 13,206 26,962 26,408
Interest expense:        
Interest on deposits 583 664 1,192 1,460
Interest on securities sold under agreements to repurchase 10 10 22 25
Interest on FHLB borrowings 65 59 133 116
Interest on other borrowings 1 1 1 1
Interest on subordinated debentures 129 131 255 261
Total interest expense 788 865 1,603 1,863
Net interest income 12,812 12,341 25,359 24,545
Provision for loan losses 128 252 451 732
Net interest income after provision for loan losses 12,684 12,089 24,908 23,813
Other income:        
Trust revenues 848 806 1,781 1,699
Brokerage commissions 233 218 483 389
Insurance commissions 441 410 999 896
Service charges 1,353 1,215 2,497 2,355
Securities gains, net 543 482 734 835
Mortgage banking revenue, net 158 305 256 591
ATM / debit card revenue 1,002 947 1,975 1,830
Other 412 331 746 669
Total other income 4,990 4,714 9,471 9,264
Other expense:        
Salaries and employee benefits 6,054 5,972 12,107 11,769
Net occupancy and equipment expense 2,114 2,102 4,263 4,145
Net other real estate owned expense (income) (39) 46 (18) 162
FDIC insurance 199 213 405 435
Amortization of intangible assets 163 171 325 341
Stationery and supplies 173 121 328 262
Legal and professional 677 614 1,239 1,162
Marketing and donations 245 264 509 507
Other 1,628 1,415 3,016 2,747
Total other expense 11,214 10,918 22,174 21,530
Income before income taxes 6,460 5,885 12,205 11,547
Income taxes 2,431 2,220 4,569 4,354
Net income 4,029 3,665 7,636 7,193
Dividends on preferred shares 1,104 1,105 2,208 2,209
Net income available to common stockholders $ 2,925 $ 2,560 $ 5,428 $ 4,984
Per share data:        
Basic earnings per common share $ 0.49 $ 0.43 $ 0.92 $ 0.84
Diluted net income per common share available to common stockholders $ 0.48 $ 0.43 $ 0.91 $ 0.84
Cash dividends declared per common share $ 0.26 $ 0.21 $ 0.26 $ 0.21