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Condensed Consolidated Statements of Income (Unaudited) (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Interest income        
Loans, including fees $ 16,657,000 $ 12,687,000 $ 28,756,000 $ 25,533,000
Securities, taxable 1,393,000 1,007,000 2,627,000 2,014,000
Securities, tax-exempt 374,000 257,000 557,000 552,000
Federal funds sold 41,000 35,000 109,000 89,000
Interest-bearing deposits 17,000 6,000 21,000 13,000
Total interest income 18,482,000 13,992,000 32,070,000 28,201,000
Interest expense        
Deposits 2,272,000 2,223,000 4,307,000 4,543,000
Short-term borrowings 27,000 19,000 49,000 39,000
Federal Home Loan Bank advances 156,000 119,000 306,000 238,000
Other borrowings 474,000 319,000 791,000 615,000
Total interest expense 2,929,000 2,680,000 5,453,000 5,435,000
Net interest income 15,553,000 11,312,000 26,617,000 22,766,000
Provision for loan losses (700,000) (1,500,000) (2,600,000) (3,000,000)
Net interest income after provision for loan losses 16,253,000 12,812,000 29,217,000 25,766,000
Noninterest income        
Services charges on accounts 522,000 384,000 887,000 758,000
Earnings on bank owned life insurance 282,000 350,000 581,000 688,000
Mortgage banking activities 349,000 225,000 412,000 477,000
Rental income from other real estate owned 43,000 156,000 99,000 355,000
Other income 1,092,000 657,000 1,815,000 1,321,000
Total noninterest income 2,288,000 1,772,000 3,794,000 3,599,000
Noninterest expense        
Salaries and benefits 7,037,000 4,981,000 12,267,000 9,838,000
Occupancy 914,000 624,000 1,626,000 1,282,000
Furniture and equipment 368,000 256,000 615,000 512,000
FDIC insurance costs 224,000 175,000 401,000 420,000
Problem asset costs (36,000) 279,000 (56,000) 410,000
Merger-related costs 3,453,000 46,000 3,830,000 60,000
Other expense 4,106,000 2,452,000 6,590,000 4,875,000
Total noninterest expenses 16,066,000 8,813,000 25,273,000 17,397,000
Income before federal income tax expense 2,475,000 5,771,000 7,738,000 11,968,000
Federal income tax expense 966,000 1,755,000 2,649,000 3,552,000
Net income $ 1,509,000 $ 4,016,000 $ 5,089,000 $ 8,416,000
Basic earnings per share (in Dollars per share) $ 0.13 $ 0.46 $ 0.50 $ 0.97
Diluted earnings per share (in Dollars per share) $ 0.13 $ 0.46 $ 0.50 $ 0.97
Cash dividends per share (in Dollars per share) $ 2.12 $ 0.11 $ 2.24 $ 0.21
Average basic shares outstanding (in Shares) 11,406,908 8,705,667 10,080,242 8,705,673
Average diluted shares outstanding (in Shares) 11,435,867 8,718,649 10,094,725 8,718,627