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Consolidated Statements of Income (Unaudited) - 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 $ 7,673 $ 7,819 $ 15,322 $ 15,754
Interest on interest-bearing deposits 55 64 119 129
Interest on securities – taxable 1,712 1,697 3,446 3,350
Interest on securities – nontaxable 1,357 1,474 2,743 2,974
Total interest income 10,797 11,054 21,630 22,207
Interest Expense        
Interest on time deposits 120 145 248 298
Interest on other deposits 931 1,150 1,890 2,312
Total interest expense 1,051 1,295 2,138 2,610
Net interest income 9,746 9,759 19,492 19,597
Provision for loan losses 355 701 556 804
Net interest income after provision for loan losses 9,391 9,058 18,936 18,793
Noninterest Income        
Service charges on deposit accounts 570 607 1,105 1,199
Other service charges and fees 48 38 119 103
Credit card fees 976 961 1,871 1,758
Trust income 299 332 588 625
BOLI income 172 177 342 352
Other income 349 229 631 506
Realized securities gains, net 5   3 1
Total noninterest income 2,419 2,344 4,659 4,544
Noninterest Expense        
Salaries and employee benefits 3,254 3,007 6,326 6,006
Occupancy and furniture and fixtures 417 417 869 857
Data processing and ATM 409 394 843 757
FDIC assessment 135 117 270 264
Credit card processing 675 665 1,285 1,214
Intangible assets amortization 269 269 538 538
Net costs of other real estate owned 46 84 517 161
Franchise taxes 322 287 630 566
Other operating expenses 863 820 1,820 1,879
Total noninterest expense 6,390 6,060 13,098 12,242
Income before income taxes 5,420 5,342 10,497 11,095
Income tax expense 1,310 1,233 2,421 2,582
Net Income $ 4,110 $ 4,109 $ 8,076 $ 8,513
Basic net income per common share (in Dollars per share) $ 0.59 $ 0.59 $ 1.16 $ 1.23
Fully diluted net income per common share (in Dollars per share) $ 0.59 $ 0.59 $ 1.16 $ 1.22
Weighted average number of common shares outstanding – basic (in Shares) 6,952,540 6,947,974 6,951,513 6,947,974
Weighted average number of common shares outstanding – diluted (in Shares) 6,956,039 6,960,683 6,955,093 6,962,274
Dividends declared per common share (in Dollars per share) $ 0.53 $ 0.55 $ 0.53 $ 0.55