XML 102 R4.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements of Operations (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Interest on investment securities    
Interest and fees on loans $ 37,486us-gaap_InterestAndFeeIncomeLoansAndLeases $ 42,258us-gaap_InterestAndFeeIncomeLoansAndLeases
Interest on investment securities: Taxable 6,981us-gaap_InterestIncomeSecuritiesTaxable 5,557us-gaap_InterestIncomeSecuritiesTaxable
Interest on investment securities: Exempt from federal income tax 1,542us-gaap_InterestIncomeSecuritiesTaxExempt 1,756us-gaap_InterestIncomeSecuritiesTaxExempt
Total investment income 8,523us-gaap_InterestAndDividendIncomeSecurities 7,313us-gaap_InterestAndDividendIncomeSecurities
Other 377us-gaap_OtherInterestAndDividendIncome 343us-gaap_OtherInterestAndDividendIncome
Total interest income 46,386us-gaap_InterestAndDividendIncomeOperating 49,914us-gaap_InterestAndDividendIncomeOperating
Interest expense    
Interest on deposits 4,603us-gaap_InterestExpenseDomesticDeposits 5,076us-gaap_InterestExpenseDomesticDeposits
Interest on short-term borrowings 63us-gaap_InterestExpenseShortTermBorrowings 62us-gaap_InterestExpenseShortTermBorrowings
Interest on long-term borrowings 6,204us-gaap_InterestExpenseLongTermDebt 6,594us-gaap_InterestExpenseLongTermDebt
Total interest expense 10,870us-gaap_InterestExpense 11,732us-gaap_InterestExpense
Net interest income 35,516us-gaap_InterestIncomeExpenseNet 38,182us-gaap_InterestIncomeExpenseNet
Provision for loan losses 2,513us-gaap_ProvisionForLoanAndLeaseLosses 380us-gaap_ProvisionForLoanAndLeaseLosses
Net interest income after provision for loan losses 33,003us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss 37,802us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss
Other operating income    
Changes in fair value on impaired securities 6,560us-gaap_ImpairmentOfInvestments 4,173us-gaap_ImpairmentOfInvestments
Portion of gain recognized in other comprehensive income (before taxes) (6,560)us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent (4,173)us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
Net securities impairment losses recognized in operations 0us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNetAvailableforsaleSecurities 0us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNetAvailableforsaleSecurities
Net gains - other 1,053func_GainLossOther 229func_GainLossOther
Total net gains 1,053func_TotalGainsLoss 229func_TotalGainsLoss
Service charges 2,933us-gaap_FeesAndCommissionsDepositorAccounts 3,469us-gaap_FeesAndCommissionsDepositorAccounts
Trust department 5,343us-gaap_FeesAndCommissionsFiduciaryAndTrustActivities 5,020us-gaap_FeesAndCommissionsFiduciaryAndTrustActivities
Debit card income 2,034us-gaap_FeesAndCommissionsDebitCards 1,954us-gaap_FeesAndCommissionsDebitCards
Bank owned life insurance 1,392us-gaap_BankOwnedLifeInsuranceIncome 1,035us-gaap_BankOwnedLifeInsuranceIncome
Brokerage commissions 800us-gaap_BrokerageCommissionsRevenue 806us-gaap_BrokerageCommissionsRevenue
Other 564us-gaap_NoninterestIncomeOtherOperatingIncome 853us-gaap_NoninterestIncomeOtherOperatingIncome
Total other income 13,066func_TotalOtherIncome 13,137func_TotalOtherIncome
Total other operating income 14,119us-gaap_NoninterestIncome 13,366us-gaap_NoninterestIncome
Other operating expenses    
Salaries and employee benefits 19,518us-gaap_LaborAndRelatedExpense 19,946us-gaap_LaborAndRelatedExpense
FDIC premiums 1,842us-gaap_FederalDepositInsuranceCorporationPremiumExpense 1,875us-gaap_FederalDepositInsuranceCorporationPremiumExpense
Equipment 2,508us-gaap_EquipmentExpense 2,595us-gaap_EquipmentExpense
Occupancy 2,468us-gaap_OccupancyNet 2,628us-gaap_OccupancyNet
Data processing 3,198us-gaap_InformationTechnologyAndDataProcessing 3,069us-gaap_InformationTechnologyAndDataProcessing
Professional services 1,287us-gaap_ProfessionalFees 1,495us-gaap_ProfessionalFees
Other real estate owned expenses 2,318us-gaap_ForeclosedRealEstateExpense 2,909us-gaap_ForeclosedRealEstateExpense
Contract labor 669us-gaap_LoanProcessingFee 615us-gaap_LoanProcessingFee
Line rentals 656us-gaap_DirectOperatingCommunicationsCosts 652us-gaap_DirectOperatingCommunicationsCosts
Other 5,790us-gaap_OtherNoninterestExpense 6,687us-gaap_OtherNoninterestExpense
Total other operating expenses 40,254us-gaap_NoninterestExpense 42,471us-gaap_NoninterestExpense
Income before income tax expense 6,868us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 8,697us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Provision for income tax expense 1,271us-gaap_IncomeTaxExpenseBenefit 2,222us-gaap_IncomeTaxExpenseBenefit
Net Income 5,597us-gaap_NetIncomeLoss 6,475us-gaap_NetIncomeLoss
Accumulated preferred stock dividends and discount accretion (2,601)us-gaap_PreferredStockDividendsAndOtherAdjustments (1,778)us-gaap_PreferredStockDividendsAndOtherAdjustments
Net Income Available to Common Shareholders $ 2,996us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ 4,697us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
Basic and diluted net income per common share $ 0.48us-gaap_EarningsPerShareBasicAndDiluted $ 0.76us-gaap_EarningsPerShareBasicAndDiluted
Weighted average number of basic and diluted shares outstanding 6,222,440us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted 6,206,819us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted