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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 and dividend income        
Loans, including fees $ 12,085 $ 11,854 $ 23,784 $ 24,132
Securities 287 219 583 469
Other 110 203 201 388
Total interest income 12,482 12,276 24,568 24,989
Interest expense        
Deposits 773 933 1,583 1,919
Borrowings 1 2 3 10
Total interest expense 774 935 1,586 1,929
Net interest income 11,708 11,341 22,982 23,060
Provision for loan losses 957 206 1,433 928
Net interest income 10,751 11,135 21,549 22,132
Noninterest income        
Deposit service charges and fees 465 509 898 1,008
Other fee income 600 604 1,127 1,142
Insurance commissions and annuities income 86 86 173 195
Gain on sale of loans, net 44 (4) 68 1,413
Gain (Loss) on Sale of Securities, Net 0 0 (7) 0
Gain (Loss) on Disposition of Property 3 0 5 0
Loan servicing fees 104 114 208 237
Amortization and impairment of servicing assets (44) (76) (80) (109)
Bank Owned Life Insurance Income 61 82 125 152
Trust 170 183 334 364
Other 171 205 341 330
Total noninterest income 1,660 1,703 3,192 4,732
Noninterest expense        
Compensation and benefits 5,596 6,686 11,554 13,438
Office occupancy and equipment 1,626 1,805 3,540 3,753
Advertising and public relations 304 268 466 414
Information technology 691 819 1,330 1,577
Supplies, telephone, and postage 384 400 775 852
Amortization of intangibles 143 150 292 306
Nonperforming asset management 97 655 201 1,349
Operations of other real estate owned 409 422 666 933
FDIC insurance premiums 470 477 949 969
Other 1,262 1,080 2,580 2,519
Total noninterest expense 10,982 12,762 22,353 26,110
Income (loss) before income taxes 1,429 76 2,388 754
Income tax expense (benefit) 25 0 42 0
Net income (loss) $ 1,404 $ 76 $ 2,346 $ 754
Basic earnings per common share (usd per share) $ 0.07 $ 0.00 $ 0.12 $ 0.04
Diluted loss per common share (usd per share) $ 0.07 $ 0.00 $ 0.12 $ 0.04
Weighted average common shares outstanding (shares) 20,145,809 19,989,757 20,122,362 19,976,964
Diluted weighted average common shares outstanding (shares) 20,160,050 19,990,313 20,136,405 19,977,171