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Consolidated Statement of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Interest income        
Interest and fees on loans $ 9,109 $ 9,359 $ 18,238 $ 18,697
Interest on investment securities: taxable 1,749 1,756 3,610 3,744
Interest on investment securities: Exempt from federal income tax 323 393 668 804
Total investment income 2,072 2,149 4,278 4,548
Other 87 159 175 176
Total interest income 11,268 11,667 22,691 23,421
Interest expense        
Interest on deposits 1,017 1,168 2,058 2,335
Interest on short-term borrowings 14 16 28 30
Interest on long-term borrowings 1,462 1,543 2,936 3,197
Total interest expense 2,493 2,727 5,022 5,562
Net interest income 8,775 8,940 17,669 17,859
Provision for loan losses 52 577 126 941
Net interest income after provision for loan losses 8,723 8,363 17,543 16,918
Other operating income        
Net gains - other 102 1,024 5 961
Total net gains 102 1,024 5 961
Service charges 735 757 1,385 1,466
Trust department 1,389 1,316 2,770 2,568
Debit card income 510 530 1,008 987
Bank owned life insurance 288 245 555 488
Brokerage commissions 232 201 468 406
Other 110 83 218 221
Total other income 3,264 3,132 6,404 6,136
Total other operating income 3,366 4,156 6,409 7,097
Other operating expenses        
Salaries and employee benefits 5,276 5,018 10,258 9,703
FDIC premiums 471 491 930 882
Equipment 653 651 1,271 1,306
Occupancy 614 621 1,250 1,276
Data processing 872 794 1,709 1,576
Professional Services 614 508 905 853
Other real estate owned 415 1,157 1,047 1,614
Other 1,701 1,701 3,282 3,455
Total other operating expenses 10,616 10,941 20,652 20,665
Income before income tax expense 1,473 1,578 3,300 3,350
Provision for income tax expense 298 338 757 752
Net Income 1,175 1,240 2,543 2,598
Accumulated preferred stock dividends and discount accretion (675) (803) (1,350) (1,250)
Net Income Available to Common Shareholders $ 500 $ 437 $ 1,193 $ 1,348
Basic and diluted net income per common share $ 0.08 $ 0.07 $ 0.19 $ 0.22
Weighted average number of basic and diluted shares outstanding 6,249 6,222 6,243 6,217