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Consolidated Statements of Income (USD $)
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Interest Income:      
Loans, including fees $ 52,604,000 $ 56,975,000 $ 61,465,000
Securities:      
Taxable 3,799,000 4,557,000 4,888,000
Exempt from federal income tax 1,693,000 1,169,000 1,118,000
Short term investments 178,000 165,000 173,000
Total Interest Income 58,274,000 62,866,000 67,644,000
Interest Expense:      
Deposits 4,891,000 6,626,000 10,891,000
FHLB advances and notes payable 538,000 625,000 801,000
Subordinated debentures 659,000 1,036,000 1,197,000
Other 86,000 87,000 83,000
Total Interest Expense 6,174,000 8,374,000 12,972,000
Net Interest Income 52,100,000 54,492,000 54,672,000
Provision for loan losses 1,830,000 7,690,000 13,337,000
Net Interest Income after Provision for Loan Losses 50,270,000 46,802,000 41,335,000
Non-Interest Income:      
Service charges on deposit accounts 4,136,000 4,219,000 4,492,000
Gain on sale of mortgage loans 4,436,000 6,523,000 3,683,000
Mortgage servicing, net of amortization 63,000 (231,000) 89,000
Gain/(loss) on trading account securities 12,000 4,000 (11,000)
Gain/(loss) on securities transactions 334,000 44,000 (37,000)
Other 1,807,000 2,111,000 1,459,000
Total Non-Interest Income 10,788,000 12,670,000 9,675,000
Non-Interest Expense:      
Salaries and employee benefits 23,281,000 22,680,000 21,263,000
Occupancy and equipment 5,306,000 5,152,000 5,311,000
FDIC insurance premium 989,000 1,220,000 1,560,000
Amortization of intangibles 369,000 483,000 698,000
Outside professional services 1,268,000 1,287,000 1,202,000
Advertising and promotions 1,315,000 1,491,000 1,425,000
Other real estate owned costs 559,000 1,679,000 3,153,000
Merger related expenses 871,000 0 0
Other 9,732,000 10,690,000 8,941,000
Total Non-Interest Expense 43,690,000 44,682,000 43,553,000
Income before federal income taxes 17,368,000 14,790,000 7,457,000
Federal income taxes 5,134,000 4,256,000 1,834,000
NET INCOME 12,234,000 10,534,000 5,623,000
Preferred stock dividends and accretion of discount on preferred stock 481,000 1,275,000 1,679,000
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS $ 11,753,000 $ 9,259,000 $ 3,944,000
Basic earnings per common share (in Dollars per share) $ 1.46 $ 1.17 $ 0.50
Diluted earnings per common share (in Dollars per share) $ 1.45 $ 1.16 $ 0.50