XML 51 R4.htm IDEA: XBRL DOCUMENT v3.2.0.727
Consolidated Statements Of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
INTEREST AND DIVIDEND INCOME        
Interest and fees on loans $ 10,800 $ 10,756 $ 21,423 $ 21,518
Investment income:        
Interest and dividends on investment securities 1,913 2,046 3,823 4,260
Interest on interest earning deposits with banks and other short-term investments 59 34 132 73
Total interest and dividend income 12,772 12,836 25,378 25,851
INTEREST EXPENSE        
Savings, interest bearing checking and money market accounts 354 483 721 913
Time deposits $100 thousand and greater 123 167 245 348
Other time deposits 200 286 412 577
Securities sold under agreement to repurchase and other short-term debt 151 87 306 179
Long-term debt 199 200 396 397
Total interest expense 1,027 1,223 2,080 2,414
Net interest income 11,745 11,613 23,298 23,437
Provision for credit losses 100 50 100 150
Net interest income after provision for credit losses 11,645 11,563 23,198 23,287
NONINTEREST INCOME        
Trust division income 885 830 1,780 1,681
Net debit card income 812 715 1,505 1,336
Overdraft income 333 653 779 1,280
Service charges on deposits 378 329 718 646
Net gains (losses) on investment securities 0 17 0 143
Loss on sale of other assets 0 (35) 0 (35)
Other 345 440 641 808
Total noninterest income 2,753 2,949 5,423 5,859
NONINTEREST EXPENSE        
Compensation and benefits 5,190 4,838 10,238 9,761
Occupancy expense 1,049 1,063 2,192 2,232
Equipment expense 732 699 1,498 1,397
Telephone expense 186 222 403 463
Legal and professional fees 537 502 974 949
Mobile and Internet Banking 410 293 796 699
Core / item processing 433 459 839 922
Marketing 137 256 289 495
State franchise taxes 404 379 690 756
FDIC insurance 217 217 435 433
Conversion costs 0 218 0 388
Merger-related costs 143 0 148 0
Other Real Estate Owned ("OREO") and problem loan expenses 45 79 62 95
Other 998 871 1,924 1,660
Total noninterest expense 10,481 10,096 20,488 20,250
Income before provision for income taxes 3,917 4,416 8,133 8,896
Provision for income taxes 801 1,003 1,681 2,080
NET INCOME $ 3,116 $ 3,413 $ 6,452 $ 6,816
Basic earnings per common share $ 0.49 $ 0.54 $ 1.02 $ 1.08
Diluted earnings per common share $ 0.49 $ 0.54 $ 1.02 $ 1.07