XML 94 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements Of Operations (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Interest income    
Interest and fees on loans $ 27,412 $ 27,325
Interest on securities - taxable 3,270 3,799
Interest on securities - nontaxable 641 531
Interest on deposits in banks 28 39
Total interest income 31,351 31,694
Interest expense    
Interest on deposits 2,576 4,251
Interest on borrowings 1,720 1,802
Total interest expense 4,296 6,053
Net interest income 27,055 25,641
Provision for loan losses (465) 398
Net interest income after provision for loan losses 27,520 25,243
Noninterest income    
Service charges on deposit accounts 1,824 1,599
Mortgage fee income 669 688
Brokerage fee income, net 1,006 768
Bank owned life insurance income 666 641
Net realized gain on sale of securities 45 1,191
Other income 546 403
Total noninterest income 4,756 5,290
Noninterest expense    
Compensation expense 12,088 10,840
Occupancy and equipment expense 1,860 1,630
Data processing expense 1,530 1,294
Insurance expense 841 1,077
Professional fees 886 908
Foreclosed asset expense, net 1,942 2,616
Other operating expense 3,411 3,143
Total noninterest expense 22,558 21,508
Income before income taxes 9,718 9,025
Income tax expense 2,883 2,536
Net income 6,835 6,489
Preferred dividends and accretion of discounts on warrants 634 986
Net income available to common shareholders $ 6,201 $ 5,503
Earnings per share    
Basic earnings per common share $ 1.30 $ 1.16
Diluted earnings per common share $ 1.26 $ 1.14
Weighted average common shares outstanding 4,786,030 4,740,229
Diluted average common shares outstanding 4,915,891 4,838,017
Dividends declared per common share $ 0.14 $ 0.035