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Consolidated Statements of Operations (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 $ 7,188 $ 7,352 $ 14,282 $ 14,999
Interest on securities 1,111 1,022 2,225 2,088
Interest on tax-exempt securities 635 656 1,287 1,279
Interest on interest bearing deposits 128 131 268 272
Total interest income 9,062 9,161 18,062 18,638
Interest expense:        
Interest on demand deposits 118 112 239 251
Interest on savings deposits 57 62 114 133
Interest on certificates of deposit 673 654 1,335 1,351
Interest on securities sold under repurchase agreements 0 2 0 6
Interest on other borrowings 24 45 11 105
Total interest expense 872 875 1,699 1,846
Net interest income 8,190 8,286 16,363 16,792
Provision for loan losses 1,450 1,400 1,450 2,450
Net interest income after provision for loan losses 6,740 6,886 14,913 14,342
Noninterest income:        
Service charges on deposit accounts 41 54 85 100
Payroll and benefit processing fees 109 114 244 242
Earnings on cash surrender value – Bank owned life insurance 162 112 288 268
(Loss) Gain on investment securities, net (39) 406 (284) 595
Merchant credit card service income, net 29 32 55 65
Other income 1,834 307 2,112 579
Total noninterest income 2,136 1,025 2,500 1,849
Noninterest expense:        
Salaries and related benefits 3,417 3,074 7,039 5,998
Occupancy and equipment expense 678 529 1,320 1,103
Write down of other real estate owned 0   290  
Federal Deposit Insurance Corporation insurance premium 189 245 380 333
Data processing fees 218 136 412 270
Professional service fees 338 294 602 563
Deferred compensation expense 115   230  
Other expenses 1,156 870 3,622 2,343
Total noninterest expense 6,111 5,148 13,895 10,610
Income before provision for income taxes 2,765 2,763 3,518 5,581
Provision for income taxes 559 757 747 1,535
Net income 2,206 2,006 2,771 4,046
Less: Preferred dividends on preferred stock 50 50 100 100
Income available to common shareholders $ 2,156 $ 1,956 $ 2,671 $ 3,946
Basic earnings per share (in Dollars per share) $ 0.16 $ 0.13 $ 0.20 $ 0.26
Average basic shares (in Shares) 13,378 15,120 13,658 15,401
Diluted earnings per share (in Dollars per share) $ 0.16 $ 0.13 $ 0.19 $ 0.26
Average diluted shares (in Shares) 13,426 15,139 13,705 15,419