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Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, except 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 $ 7,819 $ 8,192 $ 15,754 $ 16,511
Interest on interest-bearing deposits 64 58 129 116
Interest on securities – taxable 1,697 1,694 3,350 3,206
Interest on securities – nontaxable 1,474 1,618 2,974 3,266
Total interest income 11,054 11,562 22,207 23,099
Interest Expense        
Interest on time deposits of $100 or more 145 230 298 498
Interest on other deposits 1,150 1,318 2,312 2,729
Total interest expense 1,295 1,548 2,610 3,227
Net interest income 9,759 10,014 19,597 19,872
Provision for loan losses 701 355 804 1,026
Net interest income after provision for loan losses 9,058 9,659 18,793 18,846
Noninterest Income        
Service charges on deposit accounts 607 625 1,199 1,213
Other service charges and fees 38 42 103 102
Credit card fees 961 853 1,758 1,593
Trust income 332 311 625 600
BOLI income 177 176 352 364
Other income 229 223 506 504
Realized securities gains, net   9 1 18
Total noninterest income 2,344 2,239 4,544 4,394
Noninterest Expense        
Salaries and employee benefits 3,007 2,992 6,006 5,932
Occupancy and furniture and fixtures 417 404 857 836
Data processing and ATM 394 418 757 811
FDIC assessment 117 136 264 272
Credit card processing 665 646 1,214 1,198
Intangible assets amortization 269 269 538 540
Net costs of other real estate owned 84 65 161 140
Franchise taxes 287 265 566 523
Other operating expenses 820 942 1,879 1,849
Total noninterest expense 6,060 6,137 12,242 12,101
Income before income taxes 5,342 5,761 11,095 11,139
Income tax expense 1,233 1,326 2,582 2,488
Net Income $ 4,109 $ 4,435 $ 8,513 $ 8,651
Basic net income per common share (in Dollars per share) $ 0.59 $ 0.64 $ 1.23 $ 1.25
Fully diluted net income per common share (in Dollars per share) $ 0.59 $ 0.64 $ 1.22 $ 1.24
Weighted average number of common shares outstanding – basic (in Shares) 6,947,974 6,947,974 6,947,974 6,947,974
Weighted average number of common shares outstanding – diluted (in Shares) 6,960,683 6,968,348 6,962,274 6,968,711
Dividends declared per common share (in Dollars per share) $ 0.55 $ 0.54 $ 0.55 $ 0.54