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Consolidated Statements of Income (USD $)
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Interest income    
Interest and fees on loans $ 21,226,505 $ 21,203,038
Interest on debt securities    
Taxable 313,755 533,018
Tax-exempt 1,027,054 992,413
Dividends 59,823 82,444
Interest on federal funds sold and overnight deposits 12,645 10,418
Total interest income 22,639,782 22,821,331
Interest expense    
Interest on deposits 2,839,036 3,408,441
Interest on federal funds purchased and other borrowed funds 81,723 355,377
Interest on repurchase agreements 111,437 144,244
Interest on junior subordinated debentures 409,938 974,257
Total interest expense 3,442,134 4,882,319
Net interest income 19,197,648 17,939,012
Provision for loan losses 670,000 1,000,000
Net interest income after provision for loan losses 18,527,648 16,939,012
Non-interest income    
Service fees 2,572,031 2,348,219
Income from sold loans 1,624,880 1,827,045
Other income from loans 725,922 899,849
Net realized (loss) gain on sale of securities available-for-sale (5,521) 351,301
Other income 1,065,256 762,546
Total non-interest income 5,982,568 6,188,960
Non-interest expense    
Salaries and wages 6,395,042 6,178,891
Employee benefits 2,320,280 2,110,498
Occupancy expenses, net 3,169,266 3,295,752
FHLB prepayment fee 0 306,338
FDIC insurance 376,022 389,909
Amortization of core deposit intangible 272,695 340,870
Other expenses 5,759,169 6,244,512
Total non-interest expense 18,292,474 18,866,770
Income before income taxes 6,217,742 4,261,202
Income tax expense (benefit) 1,131,087 (139,488)
Net income $ 5,086,655 $ 4,400,690
Earnings per common share $ 1.03 $ 0.88
Weighted average number of common shares used in computing earnings per share 4,838,185 4,769,645
Dividends declared per common share $ 0.56 $ 0.56
Book value per share on common shares outstanding at December 31, $ 8.96 $ 8.49