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Consolidated Statements of Income (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
INTEREST INCOME        
Interest and fees on loans $ 10,435,000 $ 10,944,000 $ 20,823,000 $ 22,187,000
Interest on debt securities:        
Taxable 910,000 1,085,000 1,814,000 2,201,000
Nontaxable 213,000 227,000 430,000 462,000
Federal funds sold and other overnight interest-bearing deposits 15,000 16,000 29,000 37,000
Dividends on other securities 19,000 25,000 41,000 56,000
Total interest income 11,592,000 12,297,000 23,137,000 24,943,000
Interest on deposits:        
Savings, interest checking and money market 253,000 328,000 514,000 653,000
Time deposit accounts $100,000 and over 233,000 309,000 481,000 538,000
Other time deposits 857,000 1,005,000 1,739,000 1,789,000
Interest on federal funds purchased and securities sold under agreements to repurchase 5,000 5,000 10,000 9,000
Interest on subordinated notes 320,000 345,000 641,000 699,000
Interest on Federal Home Loan Bank advances 109,000 133,000 208,000 268,000
Total interest expense 1,777,000 2,125,000 3,593,000 3,956,000
Net interest income 9,815,000 10,172,000 19,544,000 20,987,000
Provision for loan losses 1,000,000 1,500,000 2,000,000 3,200,000
Net interest income after provision for loan losses 8,815,000 8,672,000 17,544,000 17,787,000
NON-INTEREST INCOME        
Service charges on deposit accounts 1,391,000 1,460,000 2,749,000 2,707,000
Trust department income 209,000 224,000 418,000 436,000
Real estate servicing fees, net 263,000 (8,000) 422,000 (286,000)
Gain on sale of mortgage loans, net 620,000 475,000 1,340,000 994,000
Gain on sale of investment securities 260,000   554,000  
Other 345,000 292,000 613,000 562,000
Total non-interest income 3,088,000 2,443,000 6,096,000 4,413,000
NON-INTEREST EXPENSE        
Salaries and employee benefits 4,822,000 4,898,000 9,733,000 9,704,000
Occupancy expense, net 642,000 641,000 1,277,000 1,287,000
Furniture and equipment expense 530,000 468,000 965,000 971,000
FDIC insurance assessment 257,000 259,000 499,000 503,000
Legal, examination, and professional fees 294,000 259,000 520,000 596,000
Advertising and promotion 316,000 218,000 597,000 462,000
Postage, printing, and supplies 291,000 279,000 547,000 543,000
Processing expense 734,000 1,011,000 2,009,000 1,779,000
Other real estate expense, net 351,000 926,000 3,173,000 1,450,000
Other 1,044,000 1,139,000 1,896,000 2,283,000
Total non-interest expense 9,281,000 10,098,000 21,216,000 19,578,000
Income before income taxes 2,622,000 1,017,000 2,424,000 2,622,000
Income tax expense 810,000 277,000 748,000 431,000
Net income 1,812,283 740,031 1,675,734 2,190,766
Preferred stock dividends 114,093 295,723 337,210 665,506
Accretion of discount on preferred stock 206,166 396,380 278,039 515,499
Total preferred stock dividends and accretion of discount on preferred stock 320,000 692,000 615,000 1,181,000
Net income available to common shareholders $ 1,492,024 $ 47,928 $ 1,060,485 $ 1,009,761
Basic earnings per share (in dollars per share) $ 0.30 $ 0.01 $ 0.21 $ 0.20
Diluted earnings per share (in dollars per share) $ 0.30 $ 0.01 $ 0.21 $ 0.20