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Consolidated Statements Of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Interest and fees on loans        
Taxable $ 12,734 $ 13,960 $ 25,568 $ 28,239
Tax-exempt 65 81 135 167
Interest and dividends on securities        
Taxable 926 1,554 1,956 3,252
Tax-exempt 581 671 1,215 1,393
Interest on interest bearing deposits with other banks 2 12 3 24
Total interest income 14,308 16,278 28,877 33,075
Interest expense        
Interest on deposits 2,820 3,360 5,588 7,073
Interest on short-term borrowings 9 10 26 16
Interest on long-term borrowings and subordinated debentures 1,975 2,937 4,001 5,997
Total interest expense 4,804 6,307 9,615 13,086
Net interest income 9,504 9,971 19,262 19,989
Provision for loan losses 1,000 2,001 2,500 4,002
Net interest income after provision for loan losses 8,504 7,970 16,762 15,987
Other income        
Insurance commissions 1,132 1,141 2,316 2,299
Service fees related to deposit accounts 1,085 1,075 2,096 2,089
Realized securities gains (losses) (57) 320 (16) 1,485
Loss on sales of assets (512) (523) (552) (599)
Write-down of foreclosed properties (1,494) (1,631) (2,423) (3,543)
Other 559 552 1,123 1,135
Total other-than-temporary impairment loss on securities (27) (370) (117) (882)
Portion of loss recognized in other comprehensive income 0 264 37 547
Net impairment loss recognized in earnings (27) (106) (80) (335)
Total other income 686 828 2,464 2,531
Other expenses        
Salaries, commissions, and employee benefits 3,987 3,892 8,104 7,793
Net occupancy expense 476 490 932 968
Equipment expense 559 605 1,157 1,210
Professional fees 360 242 611 558
Amortization of intangibles 88 88 176 176
FDIC premiums 515 500 1,055 1,022
Foreclosed properties expense 295 233 575 595
Other 1,241 1,245 2,504 2,512
Total other expense 7,521 7,295 15,114 14,834
Income before income taxes 1,669 1,503 4,112 3,684
Income tax expense 452 590 1,102 1,073
Net income 1,217 913 3,010 2,611
Dividends on preferred shares 194 194 388 388
Net income applicable to common shares $ 1,023 $ 719 $ 2,622 $ 2,223
Basic earnings per common share $ 0.14 $ 0.10 $ 0.35 $ 0.30
Diluted earnings per common share $ 0.13 $ 0.09 $ 0.31 $ 0.27