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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 AND DIVIDEND INCOME        
Interest and fees on loans $ 10,756 $ 11,044 $ 21,518 $ 21,794
Investment income:        
Interest and dividends on investment securities 2,046 2,563 4,260 5,348
Interest on interest earning deposits with banks and other short-term investments 34 13 73 25
Total interest and dividend income 12,836 13,620 25,851 27,167
INTEREST EXPENSE        
Savings, interest bearing checking and money market accounts 483 175 913 342
Time deposits $100 thousand and greater 167 177 348 412
Other time deposits 286 376 577 720
Securities sold under agreement to repurchase and other short-term debt 87 377 179 734
Long-term debt 200 205 397 401
Total interest expense 1,223 1,310 2,414 2,609
Net interest income 11,613 12,310 23,437 24,558
Provision for credit losses 50 150 150 400
Net interest income after provision for credit losses 11,563 12,160 23,287 24,158
NONINTEREST INCOME        
Trust division income 830 761 1,681 1,519
Net debit card income 715 739 1,336 1,394
Overdraft income 653 686 1,280 1,374
Service charges on deposits 329 306 646 603
Net gains (losses) on investment securities 17 (13) 143 (13)
Loss on sale of other assets (35) 0 (35) 0
Other 440 286 808 535
Total noninterest income 2,949 2,765 5,859 5,412
NONINTEREST EXPENSE        
Compensation and benefits 4,838 4,510 9,761 9,305
Occupancy expense 1,063 1,000 2,232 2,064
Equipment expense 965 933 1,938 1,879
Legal and professional fees 693 619 1,331 1,306
Marketing 323 485 642 765
State franchise taxes 379 362 756 719
FDIC insurance 217 220 433 440
Conversion costs 218 0 388 0
Other Real Estate Owned ("OREO") expenses 79 54 95 67
Other 1,321 1,394 2,674 2,781
Total noninterest expense 10,096 9,577 20,250 19,326
Income before provision for income taxes 4,416 5,348 8,896 10,244
Provision for income taxes 1,003 1,323 2,080 2,610
NET INCOME $ 3,413 $ 4,025 $ 6,816 $ 7,634
Basic earnings per common share $ 0.54 $ 0.64 $ 1.08 $ 1.21
Diluted earnings per common share $ 0.54 $ 0.64 $ 1.07 $ 1.21