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CONSOLIDATED STATEMENTS OF INCOME (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 income        
Loans, including fees $ 19,143 $ 19,128 $ 38,251 $ 38,615
Securities 6,082 5,886 12,401 11,694
Other interest income 22 22 35 43
Total interest income 25,247 25,036 50,687 50,352
Interest expense        
Deposits 908 1,275 1,920 2,633
Federal Home Loan Bank advances 866 776 1,700 1,691
Subordinated debentures 312 434 663 863
Other borrowings 17 16 39 32
Total interest expense 2,103 2,501 4,322 5,219
Net interest income 23,144 22,535 46,365 45,133
Provision for loan losses 750 1,000 1,500 2,734
Net interest income after provision for loan losses 22,394 21,535 44,865 42,399
Non-interest income        
Mortgage banking 1,662 1,914 2,978 3,943
Trust and investment product fees 1,146 1,269 2,416 2,304
Service charges on deposit accounts 5,307 5,124 9,892 9,610
Net realized gains/(loss) on securities (includes ($4) and ($4) accumulated other comprehensive income (AOCI) reclassifications for unrealized losses on available-for-sale securities in 2014 and includes ($11) and $833 accumulated other comprehensive income reclassifications for unrealized net gains/(losses) on available-for-sale securities in 2013) (4) (11) (4) 833
Increase in cash surrender value of life insurance 323 350 650 692
Interchange income 2,024 1,902 3,759 3,513
Gain/(loss) on sale and write-down of OREO 39 (22) (38) (318)
Other income 708 835 825 1,049
Total non-interest income 11,205 11,361 20,478 21,626
Non-interest expense        
Salaries and employee benefits 13,699 12,799 27,272 26,317
Net occupancy 1,773 1,718 3,912 3,578
Equipment 2,391 2,440 4,899 4,795
Intangibles amortization 432 478 864 958
Telecommunications 424 450 868 906
Stationery printing and supplies 272 262 559 636
FDIC assessment 365 467 800 904
Marketing 760 964 1,358 2,009
Collection expense 394 859 831 1,809
Prepayment penalty on FHLB advance       2,239
Consultant expense 350 375 700 750
Interchange expense 540 464 1,061 913
Other expenses 2,394 2,579 4,884 5,169
Total non-interest expense 23,794 23,855 48,008 50,983
Income before income tax 9,805 9,041 17,335 13,042
Income tax expense (includes ($1) and ($1) income tax expense from AOCI reclassification in 2014 and ($4) and $292 income tax expense from AOCI reclassification items in 2013) 2,051 1,717 3,356 1,727
Net income 7,754 7,324 13,979 11,315
Preferred dividends and discount accretion   (203)   (405)
Net income available to common shareholders $ 7,754 $ 7,121 $ 13,979 $ 10,910
Cash dividends declared per common share (in dollars per share) $ 0.10 $ 0.06 $ 0.20 $ 0.12
Net income per common share - basic (in dollars per share) $ 0.38 $ 0.35 $ 0.68 $ 0.54
Net income per common share - diluted (in dollars per share) $ 0.38 $ 0.35 $ 0.68 $ 0.53