XML 55 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements Of Operations (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 $ 6,778 $ 6,840
Interest on securities - taxable 1,038 700
Interest on securities - nontaxable 189 140
Interest on deposits in banks 3 6
Total interest income 8,008 7,686
Interest expense    
Interest on deposits 564 682
Interest on borrowings 534 418
Total interest expense 1,098 1,100
Net interest income 6,910 6,586
Provision for loan losses 518 195
Net interest income after provision for loan losses 6,392 6,391
Noninterest income    
Service charges on deposit accounts 452 415
Mortgage fee income 92 183
Brokerage fee income, net 247 240
Bank owned life insurance income 165 165
Realized gain on sale of securities 7 68
Other income 112 79
Total noninterest income 1,075 1,150
Noninterest expense    
Compensation expense 3,086 2,960
Occupancy and equipment expense 490 463
Data processing expense 403 366
Insurance expense 221 192
Professional fees 138 163
Foreclosed asset expense, net 158 172
Other operating expense 837 800
Total noninterest expense 5,333 5,116
Income before income taxes 2,134 2,425
Income tax expense 618 732
Net income 1,516 1,693
Preferred dividends and accretion of discounts on warrants 0 227
Net income available to common shareholders $ 1,516 $ 1,466
Earnings per share    
Basic earnings per common share $ 0.32 $ 0.31
Diluted earnings per common share $ 0.31 $ 0.30
Weighted average common shares outstanding 4,806,323 4,779,393
Diluted average common shares outstanding 4,854,969 4,896,976
Dividends declared per common share $ 0.04 $ 0.035