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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, including fees $ 7,589 $ 7,739 $ 15,073 $ 15,307
Taxable securities 1,838 1,734 3,709 3,642
Tax exempt securities 639 744 1,295 1,471
Dividends 48 48 95 101
Federal funds sold and other interest income 4 8 9 18
TOTAL INTEREST AND DIVIDEND INCOME 10,118 10,273 20,181 20,539
INTEREST EXPENSE        
Deposits 1,022 1,127 2,083 2,314
Short-term borrowings 13 13 24 25
Long-term borrowings 131 94 266 193
TOTAL INTEREST EXPENSE 1,166 1,234 2,373 2,532
NET INTEREST INCOME 8,952 9,039 17,808 18,007
Provision for loan losses 300 170 630 425
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 8,652 8,869 17,178 17,582
NONINTEREST INCOME        
Service charges on deposit accounts 614 524 1,204 1,015
Bank owned life insurance income 120 116 227 233
Trust fees 1,552 1,391 3,049 2,737
Insurance agency commissions 75 41 170 83
Security gains 84 242 84 256
Retirement plan consulting fees 272 0 636 0
Investment commissions 243 251 437 513
Net gains on sale of loans 71 188 136 302
Other operating income 766 472 1,287 961
TOTAL NONINTEREST INCOME 3,797 3,225 7,230 6,100
NONINTEREST EXPENSES        
Salaries and employee benefits 5,096 5,400 10,118 10,605
Occupancy and equipment 1,097 1,088 2,250 2,114
State and local taxes 230 328 463 657
Professional fees 574 509 1,166 949
Merger related cost 0 217 0 261
Advertising 274 233 477 413
FDIC insurance 187 180 371 357
Intangible amortization 191 98 383 196
Core processing charges 389 336 750 682
Other operating expenses 1,340 1,433 2,541 2,676
TOTAL NONINTEREST EXPENSES 9,378 9,822 18,519 18,910
INCOME BEFORE INCOME TAXES 3,071 2,272 5,889 4,772
INCOME TAXES 720 404 1,347 899
NET INCOME $ 2,351 $ 1,868 $ 4,542 $ 3,873
EARNINGS PER SHARE - basic and diluted $ 0.13 $ 0.10 $ 0.24 $ 0.21