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Consolidated Statements of Income (USD $)
In Thousands, except 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        
Interest and fees on loans $ 9,892 $ 9,414 $ 19,815 $ 18,799
Interest and dividends on investment securities:        
Taxable 2,885 3,112 5,857 6,200
Tax-exempt 1,081 826 2,157 1,599
Dividends 121 140 252 289
Interest on federal funds sold and other short-term investment 0 4 2 4
Total interest income 13,979 13,496 28,083 26,891
Interest expense        
Interest on certificates of deposit $100 or more 220 182 459 434
Interest on other deposits 1,063 1,126 2,108 2,282
Interest on borrowings 1,468 1,642 2,918 3,284
Total interest expense 2,751 2,950 5,485 6,000
Net interest income 11,228 10,546 22,598 20,891
Provision for loan losses 0 (107) 0 0
Net interest income after provision for loan losses 11,228 10,653 22,598 20,891
Other income        
Service charges, commissions and fees 451 421 857 867
Annuities and insurance commissions 146 48 246 92
Bank-owned life insurance 274 246 839 497
Loan related fees 114 95 253 205
Net gains on sale of loans held for sale 91 100 229 226
Other 31 181 209 222
Other-than-temporary impairment losses on investment securities 0 (140) (24) (198)
Net gains on sale of investment securities 600 653 943 1,648
Net investment securities gains 600 513 919 1,450
Total other income 1,707 1,604 3,552 3,559
Other expense        
Salaries and employee benefits 3,335 3,055 6,825 6,173
Occupancy and equipment 811 606 1,717 1,306
FDIC insurance 208 270 521 569
Professional and consulting 230 294 449 540
Stationery and printing 78 96 163 180
Marketing and advertising 62 56 163 87
Computer expense 343 362 696 715
Other real estate owned, net 107 22 126 84
All other 902 929 1,954 1,843
Total other expense 6,076 5,690 12,614 11,497
Income before income tax expense 6,859 6,567 13,536 12,953
Income tax expense 1,936 2,214 3,689 4,369
Net Income 4,923 4,353 9,847 8,584
Preferred stock dividends 28 84 84 225
Net income available to common stockholders $ 4,895 $ 4,269 $ 9,763 $ 8,359
Earnings per common share        
Basic $ 0.30 $ 0.26 $ 0.60 $ 0.51
Diluted $ 0.30 $ 0.26 $ 0.60 $ 0.51
Weighted average common shares outstanding        
Basic 16,348,915 16,333,653 16,348,567 16,332,990
Diluted 16,375,774 16,341,767 16,375,028 16,340,011
Dividend paid per common share $ 0.055 $ 0.030 $ 0.110 $ 0.060