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Consolidated Statements Of Operations (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Interest income        
Interest and fees on loans $ 6,931 $ 6,832 $ 13,709 $ 13,672
Interest on securities - taxable 991 831 2,029 1,531
Interest on securities - nontaxable 183 155 372 295
Interest on deposits in banks 10 7 13 13
Total interest income 8,115 7,825 16,123 15,511
Interest expense        
Interest on deposits 578 670 1,142 1,352
Interest on borrowings 539 408 1,073 826
Total interest expense 1,117 1,078 2,215 2,178
Net interest income 6,998 6,747 13,908 13,333
Provision for loan losses 1,039 (130) 1,557 65
Net interest income after provision for loan losses 5,959 6,877 12,351 13,268
Noninterest income        
Service charges on deposit accounts 532 452 984 867
Mortgage fee income 137 213 229 396
Brokerage fee income, net 244 259 491 499
Bank owned life insurance income 168 167 333 332
Realized gain on sale of securities 714 0 721 68
Other income 265 214 377 293
Total noninterest income 2,060 1,305 3,135 2,455
Noninterest expense        
Compensation expense 3,076 2,970 6,162 5,930
Occupancy and equipment expense 470 459 960 922
Data processing expense 415 382 818 748
Insurance expense 227 210 448 402
Professional fees 178 199 316 362
Foreclosed asset expense, net 242 329 400 501
Other operating expense 928 860 1,765 1,660
Total noninterest expense 5,536 5,409 10,869 10,525
Income before income taxes 2,483 2,773 4,617 5,198
Income tax expense 739 845 1,357 1,577
Net income 1,744 1,928 3,260 3,621
Preferred dividends and accretion of discounts on warrants 0 198 0 425
Net income available to common shareholders $ 1,744 $ 1,730 $ 3,260 $ 3,196
Earnings per share        
Basic earnings per common share $ 0.36 $ 0.36 $ 0.68 $ 0.67
Diluted earnings per common share $ 0.36 $ 0.35 $ 0.67 $ 0.65
Weighted average common shares outstanding 4,818,209 4,789,813 4,812,299 4,784,631
Diluted average common shares outstanding 4,871,295 4,920,264 4,863,181 4,908,923
Dividends declared per common share $ 0.04 $ 0.035 $ 0.08 $ 0.07