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Consolidated Statements of Income (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Interest Income:        
Interest and fees on loans and leases $ 4,948 $ 4,700 $ 14,610 $ 14,399
Interest and dividends on investment securities: Taxable 671 713 2,120 2,114
Interest and dividends on investment securities: Exempt from federal taxes 275 284 826 816
Interest on cash and cash equivalents 11 26 28 55
Total interest and dividend income 5,905 5,723 17,584 17,384
Interest Expense:        
Interest on NOW, money market and savings 121 184 408 566
Interest on time deposits 149 256 566 824
Interest in brokered deposits 23   28  
Interest on FHLB advances 148 150 443 504
Interest on repurchase agreements 10 11 29 36
Interest on junior subordinated debentures 75 75 221 227
Interest on other borrowings 18 19 55 57
Total interest expense 544 695 1,750 2,214
Net interest income 5,361 5,028 15,834 15,170
Provision for credit losses 300 1,600 930 2,155
Net interest income after provision for credit losses 5,061 3,428 14,904 13,015
Non-interest Income:        
Service charges 303 329 935 989
Wealth management 343 345 979 937
Mortgage banking 30   30  
Increase in cash surrender value of BOLI 58 60 174 176
Gains on sale of investment securities, net 86 281 423 495
Gain on sale of SBA loans       162
Other fees 307 308 919 922
Total non-interest income 1,127 1,323 3,460 3,681
Non-interest Expense:        
Salaries and employee benefits 2,431 2,405 7,406 7,020
Furniture and equipment 311 280 974 844
Occupancy 497 485 1,637 1,496
Professional and consulting 296 306 920 886
Advertising and marketing 149 143 500 470
Printing and supplies 42 27 129 115
FDIC insurance 123 112 355 375
PA shares tax 151 153 451 460
Telecommunications 68 56 188 171
Postage 17 18 59 59
Loss on sale or write down of OREO, net     7 28
Other expenses 447 469 1,274 1,190
Total non-interest expense 4,532 4,454 13,900 13,114
Income before income tax expense (benefit) 1,656 297 4,464 3,582
Income tax expense (benefit) 427 (36) 1,111 824
Net income 1,229 333 3,353 2,758
Preferred stock dividends and accretion of discount 33 38 103 111
Net income available to Common Shareholders $ 1,196 $ 295 $ 3,250 $ 2,647
Earnings per common share:        
Basic $ 0.43 $ 0.11 $ 1.18 $ 0.97
Diluted $ 0.43 $ 0.10 $ 1.16 $ 0.95
Cash dividends per common share $ 0.07 $ 0.07 $ 0.21 $ 0.21
Weighted average common shares outstanding:        
Basic 2,769,451 2,749,748 2,763,597 2,738,629
Diluted 2,816,703 2,788,489 2,809,691 2,774,754