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Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Interest and Dividend Income:        
Interest and fees on loans $ 9,864 $ 11,100 $ 29,398 $ 33,853
Interest and dividends on securities:        
Taxable 918 845 2,850 2,574
Tax-exempt 966 1,056 3,017 3,153
Dividends 72 67 221 176
Other interest income 32 38 100 106
Total interest and dividend income 11,852 13,106 35,586 39,862
Interest Expense:        
Interest on deposits 1,120 1,338 3,510 4,143
Interest on short-term borrowings 4 3 8 38
Interest on long-term borrowings 82 82 243 246
Interest on trust preferred capital notes 186 190 555 567
Total interest expense 1,392 1,613 4,316 4,994
Net Interest Income 10,460 11,493 31,270 34,868
Provision for Loan Losses 0 0 150 294
Net Interest Income After Provision for Loan Losses 10,460 11,493 31,120 34,574
Noninterest Income:        
Trust fees 992 1,077 3,131 2,609
Service charges on deposit accounts 441 452 1,285 1,290
Other fees and commissions 479 471 1,416 1,393
Mortgage banking income 342 464 880 1,713
Securities gains, net 315 4 504 203
Other 412 299 1,168 1,015
Total noninterest income 2,981 2,767 8,384 8,223
Noninterest Expense:        
Salaries 3,714 3,610 10,890 10,552
Employee benefits 799 856 2,621 2,622
Occupancy and equipment 933 933 2,779 2,721
FDIC assessment 157 163 486 485
Bank franchise tax 216 187 669 559
Core deposit intangible amortization 227 330 888 1,171
Data processing 361 305 1,054 892
Software Expense 248 198 745 659
Foreclosed real estate, net 141 245 148 681
Merger related expense 268 0 268 0
Other 1,763 1,628 5,067 4,859
Total noninterest expense 8,827 8,455 25,615 25,201
Income Before Income Taxes 4,614 5,805 13,889 17,596
Income Taxes 1,446 1,562 4,038 4,992
Net Income $ 3,168 $ 4,243 $ 9,851 $ 12,604
Net Income Per Common Share:        
Basic (in dollars per share) $ 0.40 $ 0.54 $ 1.25 $ 1.60
Diluted (in dollars per share) $ 0.40 $ 0.54 $ 1.25 $ 1.60
Average Common Shares Outstanding:        
Basic (in shares) 7,841,078 7,877,901 7,871,016 7,867,835
Diluted (in shares) 7,851,735 7,892,015 7,881,441 7,878,961