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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, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Interest Income        
Loans receivable $ 16,906 $ 13,327 $ 33,346 $ 26,859
Investment securities        
Taxable 2,047 2,246 4,069 4,560
Tax exempt 1,024 950 1,991 1,930
Total interest income 19,977 16,523 39,406 33,349
Interest Expense        
Deposits 1,445 1,526 2,925 3,165
Borrowed funds 1,456 1,519 2,904 3,038
Subordinated debentures 501 472 992 942
Total interest expense 3,402 3,517 6,821 7,145
Net Interest Income 16,575 13,006 32,585 26,204
Provision for loan losses 729 209 2,813 768
Net Interest Income after Provision for Loan Losses 15,846 12,797 29,772 25,436
Non-interest Income        
Service charges on deposit accounts 988 763 1,901 1,475
Wire transfer fees 203 213 393 395
Interchange fees 1,060 714 1,926 1,342
Fiduciary activities 1,047 982 2,187 1,957
Gain on sale of investment securities (includes $0 and $368 for the three and six months ended 2013 and $0 for the three and six months ended 2012, respectively, related to accumulated other comprehensive earnings reclasifications)     368   
Gain on sale of mortgage loans 2,807 3,411 5,913 5,685
Mortgage servicing income net of impairment 302 170 465 260
Increase in cash value of bank owned life insurance 257 235 509 460
Other income 185 67 647 123
Total non-interest income 6,849 6,555 14,309 11,697
Non-interest Expense        
Salaries and employee benefits 7,721 6,539 15,225 12,502
Net occupancy expenses 1,295 976 2,606 2,030
Data processing 818 603 1,418 1,129
Professional fees 454 583 953 1,117
Outside services and consultants 486 526 1,198 997
Loan expense 1,402 866 2,516 1,568
FDIC insurance expense 268 250 551 507
Other losses 163 162 91 192
Other expense 2,188 1,675 4,216 3,298
Total non-interest expense 14,795 12,180 28,774 23,340
Income Before Income Tax 7,900 7,172 15,307 13,793
Income tax expense (includes $0 and $129 for the three and six months ended 2013 and $0 for the three and six months ended 2012, respectively, related to income tax expense from reclassification items) 2,235 2,262 4,331 4,270
Net Income 5,665 4,910 10,976 9,523
Preferred stock dividend and discount accretion (96) (106) (242) (263)
Net Income Available to Common Shareholders $ 5,569 $ 4,804 $ 10,734 $ 9,260
Basic Earnings Per Share $ 0.65 $ 0.65 $ 1.25 $ 1.25
Diluted Earnings Per Share $ 0.62 $ 0.62 $ 1.20 $ 1.21