XML 57 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Income (Unaudited) (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 income        
Interest and fees on loans $ 5,665 $ 5,594 $ 11,177 $ 11,170
Interest and dividends on investment securities (AFS & HTM):        
Taxable 1,285 1,351 2,659 2,745
Tax-exempt 569 672 1,171 1,371
Interest on trading securities 44   67  
Interest on interest-bearing balances and other interest income 25 7 41 14
Total interest income 7,588 7,624 15,115 15,300
Interest on deposits        
Interest-bearing demand 148 156 308 302
Money market 28 35 55 73
Savings 193 202 382 426
Time 404 494 810 1,015
Time of $100 or more 277 311 540 636
Interest on short-term borrowings 31 27 60 53
Interest on long-term debt 10 63 70 126
Total interest expense 1,091 1,288 2,225 2,631
Net interest income 6,497 6,336 12,890 12,669
Provision for loan losses   100   100
Net interest income after provision for loan losses 6,497 6,236 12,890 12,569
Non-interest income        
Other-than temporary impairment losses on investment securities   (43)   (43)
Net gain on sale of investment securities 285 136 907 559
Net gain on investment securities 285 93 907 516
Net gain on trading activites 93   115  
Fees for services to customers 410 369 809 735
ATM and debit card 387 378 735 730
Retail brokerage and advisory income 149 122 315 216
Bank-owned life insurance 73 75 145 149
Merchant Income 84 101 156 182
Net gain on sale of loans 54 98 61 323
Other 90 3 194 136
Total non-interest income 1,625 1,239 3,437 2,987
Non-interest expense        
Salaries and employee benefits 2,836 2,673 5,631 5,232
Net occupancy 424 415 870 851
Furniture and equipment 438 417 846 830
Marketing 222 251 440 490
Third party services 411 386 812 760
Telephone, postage and supplies 174 159 357 340
State taxes 153 173 304 345
FDIC insurance premiums 160 183 337 353
Other 496 434 929 830
Total non-interest expense 5,314 5,091 10,526 10,031
Income before income taxes 2,808 2,384 5,801 5,525
Provision for income taxes 636 490 1,333 1,223
Net income $ 2,172 $ 1,894 $ 4,468 $ 4,302
Earnings per share - basic (in Dollars per share) $ 0.66 $ 0.58 $ 1.36 $ 1.33
Earnings per share - diltued (in Dollars per share) $ 0.66 $ 0.58 $ 1.36 $ 1.32
Cash dividends per share (in Dollars per share) $ 0.28 $ 0.27 $ 0.56 $ 0.54