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Condensed Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Interest Income        
Loans $ 10,064 $ 9,716 $ 29,448 $ 29,289
Investment securities 1,347 1,783 3,993 5,311
Other 98 20 216 72
Total interest income 11,509 11,519 33,657 34,672
Interest Expense        
Interest on deposits 731 719 2,101 2,315
Other borrowings 296 215 717 617
Total interest expense 1,027 934 2,818 2,932
Net interest income before provision for loan losses 10,482 10,585 30,839 31,740
Provision for loan losses   1,286   7,681
Net interest income after provision for loan losses 10,482 9,299 30,839 24,059
Non-Interest Income        
Fees and service charges 1,195 1,071 3,330 3,270
Mortgage gain on sale and origination fees 656 1,181 2,519 3,071
Gain on sale of investment securities 344 329 3,935 1,696
Gain on sale of other real estate owned   102   112
Other income 228 301 1,212 851
Total non-interest income 2,423 2,984 10,996 9,000
Non-Interest Expense        
Salaries and employee benefits 4,529 4,532 14,535 13,522
Occupancy 781 728 2,384 2,542
Information technology 658 551 1,925 1,911
Professional services 729 1,002 2,082 2,403
Regulatory 212 371 851 1,238
Equipment 395 395 1,245 1,223
Sales and marketing 170 171 438 432
Foreclosed asset costs and write-downs 23 107 131 303
Provision for mortgage loan repurchases   125 570 982
Amortization of intangible assets 100 86 300 258
Other expense 954 727 2,478 1,843
Total non-interest expense 8,551 8,795 26,939 26,657
Income before income tax expense / (benefit) 4,354 3,488 14,896 6,402
Income tax expense / (benefit) 1,593 (2,940) 5,689 (3,508)
Net income 2,761 6,428 9,207 9,910
Dividends and accretion on preferred stock 181 357 898 1,113
Net income available to common shareholders $ 2,580 $ 6,071 $ 8,309 $ 8,797
Earnings Per Common Share        
Basic (in dollars per share) $ 0.10 $ 0.24 $ 0.33 $ 0.35
Diluted (in dollars per share) $ 0.10 $ 0.23 $ 0.31 $ 0.33