XML 49 R4.htm IDEA: XBRL DOCUMENT v3.3.0.814
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
INTEREST INCOME:        
Interest and fees on loans $ 8,629 $ 8,059 $ 25,309 $ 22,154
Interest and dividends on securities:        
Taxable interest and dividends 1,001 1,094 3,022 2,953
Tax exempt interest 437 529 1,402 1,555
Interest on federal funds sold 13 6 52 47
TOTAL INTEREST INCOME 10,080 9,688 29,785 26,709
INTEREST EXPENSE:        
Interest on deposits 646 689 1,936 1,739
Interest on borrowed funds 147 144 467 443
TOTAL INTEREST EXPENSE 793 833 2,403 2,182
NET INTEREST INCOME 9,287 8,855 27,382 24,527
PROVISION FOR LOAN LOSSES 250 631 400 1,266
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 9,037 8,224 26,982 23,261
OTHER INCOME:        
Service charges on deposit accounts 1,542 1,280 3,690 3,317
Other service charges and fees 440 741 1,996 2,431
TOTAL OTHER INCOME 1,982 2,021 5,686 5,748
OTHER EXPENSES:        
Salaries and employee benefits 4,628 4,554 13,867 12,911
Occupancy and equipment 1,137 1,382 3,383 3,844
Other 2,212 2,135 6,637 5,927
TOTAL OTHER EXPENSES 7,977 8,071 23,887 22,682
INCOME BEFORE INCOME TAXES 3,042 2,174 8,781 6,327
INCOME TAXES 815 641 2,340 1,754
NET INCOME 2,227 1,533 6,441 4,573
PREFERRED STOCK ACCRETION AND DIVIDENDS 86 85 257 277
NET INCOME APPLICABLE TO COMMON STOCKHOLDERS $ 2,141 $ 1,448 $ 6,184 $ 4,296
NET INCOME APPLICABLE TO COMMON STOCKHOLDERS:        
BASIC $ 0.40 $ 0.27 $ 1.15 $ 0.83
DILUTED 0.39 0.27 1.14 0.82
DIVIDENDS PER SHARE - COMMON $ 0.0375 $ 0.0375 $ 0.1125 $ 0.1125