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Consolidated Statements Of Income (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
INTEREST INCOME        
Loans and leases $ 7,865 $ 7,445 $ 23,253 $ 21,974
Interest bearing deposits at banks 1 39 32 103
Securities:        
Taxable 469 402 1,374 1,223
Non-taxable 241 263 729 799
Total interest income 8,576 8,149 25,388 24,099
INTEREST EXPENSE        
Deposits 752 806 2,264 2,506
Other borrowings 64 87 225 347
Junior subordinated debentures 82 82 241 243
Total interest expense 898 975 2,730 3,096
NET INTEREST INCOME 7,678 7,174 22,658 21,003
PROVISION FOR LOAN AND LEASE LOSSES 327 774 655 1,304
NET INTEREST INCOME AFTER PROVISION FOR LOAN AND LEASE LOSSES 7,351 6,400 22,003 19,699
NON-INTEREST INCOME        
Bank charges 482 540 1,406 1,528
Insurance service and fees 1,888 1,906 5,606 5,632
Data center income 85 118 292 342
Gain on loans sold 87   127 25
Bank-owned life insurance 137 108 434 350
Loss on tax credit investment   (1,555)   (1,555)
Other 831 1,501 2,094 2,821
Total non-interest income 3,510 2,618 9,959 9,143
NON-INTEREST EXPENSE        
Salaries and employee benefits 4,792 4,637 14,052 13,151
Litigation expense     1,000  
Occupancy 720 695 2,148 2,249
Repairs and maintenance 190 169 547 534
Advertising and public relations 146 158 648 518
Professional services 438 480 1,374 1,414
Technology and communications 247 299 826 930
Amortization of intangibles 27 55 108 180
FDIC insurance 137 147 410 450
Other 788 708 2,322 2,256
Total non-interest expense 7,485 7,348 23,435 21,682
INCOME BEFORE INCOME TAXES 3,376 1,670 8,527 7,160
INCOME TAX PROVISION (BENEFIT) 1,086 (780) 2,646 971
NET INCOME $ 2,290 $ 2,450 $ 5,881 $ 6,189
Net income per common share-basic $ 0.55 $ 0.59 $ 1.41 $ 1.48
Net income per common share-diluted $ 0.54 $ 0.58 $ 1.38 $ 1.47
Cash dividends per common share $ 0.34 $ 0.26 $ 0.65 $ 0.26
Weighted average number of common shares outstanding 4,184,491 4,181,041 4,183,777 4,178,241
Weighted average number of diluted shares outstanding 4,260,759 4,232,961 4,266,341 4,220,405