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Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Interest income    
Interest and fees on loans $ 19,467 $ 17,819
Interest on money market investments and federal funds sold 81 23
Interest and dividends on securities    
U.S. government agencies and corporations 194 106
Tax-exempt obligations of states and political subdivisions 1,127 1,142
Corporate bonds and other 425 33
Total interest income 21,294 19,123
Interest expense    
Savings and interest-bearing deposits 272 219
Certificates of deposit, $100 or more 353 375
Other time deposits 488 485
Borrowings 870 881
Trust preferred capital notes 237 188
Total interest expense 2,220 2,148
Net interest income 19,074 16,975
Provision for loan losses 3,510 3,180
Net interest income after provision for loan losses 15,564 13,795
Noninterest income    
Gains on sales of loans 1,190 1,701
Service charges on deposit accounts 1,062 924
Other service charges and fees 1,381 1,504
Net gains on sales/calls of available for sale securities 0 2
Other income 1,179 967
Total noninterest income 4,812 5,098
Noninterest expenses    
Salaries and employee benefits 9,159 7,069
Occupancy expenses 2,132 1,768
Other expenses 5,063 4,192
Total noninterest expenses 16,354 13,029
Income before income taxes 4,022 5,864
Income tax expense 1,129 1,858
Net income $ 2,893 $ 4,006
Per common share data    
Net income – basic (in Dollars per share) $ 0.85 $ 1.23
Net income – assuming dilution (in Dollars per share) $ 0.83 $ 1.19
Weighted average number of shares – basic (in Shares) 3,400,839 3,266,712
Weighted average number of shares – assuming dilution (in Shares) 3,491,640 3,371,277