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Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Interest income        
Loans $ 8,468 $ 8,023 $ 16,733 $ 16,009
Investment securities 426 490 890 1,047
Federal funds sold 18 21 32 35
Total interest income 8,912 8,534 17,655 17,091
Interest expense        
Deposits 724 1,037 1,530 2,299
Borrowings 1,058 1,119 2,117 2,284
Total interest expense 1,782 2,156 3,647 4,583
Net interest income 7,130 6,378 14,008 12,508
Provision for loan losses 750 1,275 1,875 2,475
Net interest income after provision for loan losses 6,380 5,103 12,133 10,033
Noninterest income        
Loan fee income 267 190 526 389
Service fees on deposit accounts 204 172 428 353
Income from bank owned life insurance 158 151 318 310
Gain (loss) on sale of investment securities    (4)    68
Other income 249 232 488 458
Total noninterest income 878 741 1,760 1,578
Noninterest expenses        
Compensation and benefits 3,018 2,348 5,970 4,773
Occupancy 744 614 1,452 1,197
Real estate owned activity (14) 176 5 453
Data processing and related costs 594 508 1,170 1,022
Insurance 201 337 441 689
Marketing 218 182 404 362
Professional fees 183 233 364 428
Other 357 257 725 510
Total noninterest expenses 5,301 4,655 10,531 9,434
Income before income tax expense 1,957 1,189 3,362 2,177
Income tax expense 657 374 1,100 674
Net income 1,300 815 2,262 1,503
Preferred stock dividend 191 216 389 432
Discount accretion    106    179
Redemption of preferred stock    96 20 96
Net income available to common shareholders $ 1,109 $ 589 $ 1,893 $ 988
Earnings per common share        
Basic $ 0.26 $ 0.14 $ 0.44 $ 0.23
Diluted $ 0.25 $ 0.13 $ 0.43 $ 0.23
Weighted average common shares outstanding        
Basic 4,269,097 4,225,993 4,265,714 4,224,308
Diluted 4,423,141 4,436,920 4,397,233 4,352,367