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Consolidated Statements of Earnings (unaudited) (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 $ 18,273 $ 17,652 $ 53,525 $ 52,966
Securities and other investments:        
Taxable 1,965 2,171 6,164 6,481
Nontaxable 652 785 2,007 2,436
Federal funds sold 2 1 4 6
Time and interest bearing deposits in other banks 15 15 42 70
Other investments 109 80 268 230
Total interest income 21,016 20,704 62,010 62,189
Interest expense:        
Deposits 859 976 2,588 3,044
Federal funds purchased 0 0 2 3
Securities sold under agreements to repurchase 210 204 588 565
Other borrowings and payables 108 118 318 345
Junior subordinated debentures 327 335 994 1,007
Total interest expense 1,504 1,633 4,490 4,964
Net interest income 19,512 19,071 57,520 57,225
Provision for loan losses 1,175 450 2,925 2,250
Net interest income after provision for loan losses 18,337 18,621 54,595 54,975
Non-interest income:        
Service charges on deposits 2,556 2,352 7,385 6,794
Gain on securities, net 0 25 128 229
ATM and debit card income 1,808 1,719 5,375 4,713
Executive officer life insurance proceeds 0 0 3,000 0
Other charges and fees 1,830 892 3,484 2,687
Total non-interest income 6,194 4,988 19,372 14,423
Non-interest expenses:        
Salaries and employee benefits 8,287 8,640 25,588 25,401
Occupancy expense 3,834 3,874 11,314 11,196
FDIC insurance 269 265 783 854
Other 5,467 5,702 14,997 16,728
Total non-interest expenses 17,857 18,481 52,682 54,179
Income before income taxes 6,674 5,128 21,285 15,219
Income tax expense 2,202 1,588 5,839 4,588
Net earnings 4,472 3,540 15,446 10,631
Dividends on preferred stock 174 468 524 1,152
Net earnings available to common shareholders $ 4,298 $ 3,072 $ 14,922 $ 9,479
Earnings per share:        
Basic (in dollars per share) $ 0.38 $ 0.27 $ 1.32 $ 0.84
Diluted (in dollars per share) $ 0.37 $ 0.27 $ 1.28 $ 0.83
Weighted average number of shares outstanding:        
Basic (in shares) 11,314 11,253 11,283 11,243
Diluted (in shares) 11,955 11,869 11,904 11,853
Dividends declared per common share (in dollars per share) $ 0.09 $ 0.08 $ 0.26 $ 0.23