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Condensed 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 Income        
Loans $ 9,787 $ 9,646 $ 19,384 $ 19,573
Investment securities 1,213 1,730 2,646 3,528
Other 75 25 118 52
Total interest income 11,075 11,401 22,148 23,153
Interest Expense        
Interest on deposits 710 774 1,370 1,596
Other borrowings 216 221 421 402
Total interest expense 926 995 1,791 1,998
Net interest income before provision for loan losses 10,149 10,406 20,357 21,155
Provision for loan losses   3,064   6,395
Net interest income after provision for loan losses 10,149 7,342 20,357 14,760
Non-Interest Income        
Fees and service charges 1,120 1,106 2,135 2,199
Mortgage gain on sale and origination fees 1,089 1,035 1,863 1,890
Gain on sale of investment securities 5 1,064 3,591 1,367
Gain on sale of other real estate owned   10   10
Other income 698 279 984 550
Total non-interest income 2,912 3,494 8,573 6,016
Non-Interest Expense        
Salaries and employee benefits 4,814 4,454 10,006 8,990
Occupancy 821 797 1,603 1,814
Information technology 640 694 1,267 1,360
Professional services 691 838 1,353 1,401
Regulatory 270 316 639 867
Equipment 435 423 850 828
Sales and marketing 147 124 268 261
Foreclosed asset costs and write-downs 53 98 108 196
Provision for mortgage loan repurchases   739 570 857
Amortization of intangible assets 100 86 200 172
Other expense 669 564 1,524 1,116
Total non-interest expense 8,640 9,133 18,388 17,862
Income before income tax expense / (benefit) 4,421 1,703 10,542 2,914
Income tax expense / (benefit) 1,705 (194) 4,096 (568)
Net income 2,716 1,897 6,446 3,482
Dividends and accretion on preferred stock 359 375 717 756
Net income available to common shareholders $ 2,357 $ 1,522 $ 5,729 $ 2,726
Earnings Per Common Share        
Basic (in dollars per share) $ 0.09 $ 0.06 $ 0.23 $ 0.11
Diluted (in dollars per share) $ 0.09 $ 0.06 $ 0.22 $ 0.10