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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per 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        
Loans, including fees $ 19,133 $ 19,185 $ 57,384 $ 57,800
Securities 5,888 6,182 18,289 17,876
Other interest income 20 10 55 53
Total interest income 25,041 25,377 75,728 75,729
Interest expense        
Deposits 844 1,166 2,764 3,799
Federal Home Loan Bank advances 862 819 2,562 2,510
Subordinated debentures 312 421 975 1,284
Other borrowings 21 18 60 50
Total interest expense 2,039 2,424 6,361 7,643
Net interest income 23,002 22,953 69,367 68,086
Provision for loan losses   1,000 1,500 3,734
Net interest income after provision for loan losses 23,002 21,953 67,867 64,352
Non-interest income        
Mortgage banking 1,677 1,553 4,655 5,496
Trust and investment product fees 1,087 1,238 3,503 3,542
Service charges on deposit accounts 5,429 5,518 15,321 15,128
Net realized gains/(loss) on securities (includes $0 and ($4) accumulated other comprehensive income (AOCI) reclassifications for unrealized losses on available-for-sale securities in 2014 and includes $2 and $835 accumulated other comprehensive income reclassifications for unrealized net gains on available-for-sale securities in 2013)   2 (4) 835
Increase in cash surrender value of life insurance 328 350 978 1,042
Interchange income 1,912 1,804 5,671 5,317
Gain/(loss) on sale and write-down of OREO (9) (38) (47) (356)
Other income 721 756 1,546 1,805
Total non-interest income 11,145 11,183 31,623 32,809
Non-interest expense        
Salaries and employee benefits 13,000 13,090 40,272 39,407
Net occupancy 1,819 1,737 5,731 5,315
Equipment 2,669 2,583 7,568 7,378
Intangibles amortization 389 455 1,253 1,413
Telecommunications 430 450 1,298 1,356
Stationery printing and supplies 317 281 876 917
FDIC assessment 385 431 1,185 1,335
Marketing 769 647 2,127 2,656
Collection expense 156 625 987 2,434
Prepayment penalty on FHLB advance       2,239
Consultant expense 350 475 1,050 1,225
Interchange expense 605 491 1,666 1,404
Other expenses 2,288 2,224 7,172 7,393
Total non-interest expense 23,177 23,489 71,185 74,472
Income before income tax 10,970 9,647 28,305 22,689
Income tax expense (includes - and ($1) income tax benefit from AOCI reclassification in 2014 and - and $292 income tax expense from AOCI reclassification items in 2013) 2,513 2,015 5,869 3,742
Net income 8,457 7,632 22,436 18,947
Preferred dividends and discount accretion   (99)   (504)
Redemption of preferred stock   (148)   (148)
Net income available to common shareholders $ 8,457 $ 7,385 $ 22,436 $ 18,295
Cash dividends declared per common share (in dollars per share) $ 0.11 $ 0.08 $ 0.31 $ 0.20
Net income per common share - basic (in dollars per share) $ 0.41 $ 0.36 $ 1.10 $ 0.90
Net income per common share - diluted (in dollars per share) $ 0.41 $ 0.36 $ 1.09 $ 0.90