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Condensed Consolidated Statements of Income (unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Interest income:        
Interest and fees on loans $ 11,391 $ 10,546 $ 33,242 $ 31,371
Interest on investment securities 2,392 2,896 7,460 8,435
Interest on certificates of deposit investments 0 1 0 14
Interest on federal funds sold 0 0 0 6
Interest on deposits with other financial institutions 24 3 67 28
Total interest income 13,807 13,446 40,769 39,854
Interest expense:        
Interest on deposits 586 611 1,778 2,071
Interest on securities sold under agreements to repurchase 11 9 33 34
Interest on FHLB borrowings 78 67 211 183
Interest Expense, Federal Funds Purchased 0 5 0 6
Interest on other borrowings 0 0 1 0
Interest on subordinated debentures 130 132 385 393
Total interest expense 805 824 2,408 2,687
Net interest income 13,002 12,622 38,361 37,167
Provision for loan losses 44 975 495 1,707
Net interest income after provision for loan losses 12,958 11,647 37,866 35,460
Other income:        
Trust revenues 813 777 2,594 2,476
Brokerage commissions 265 201 748 590
Insurance commissions 448 421 1,447 1,317
Service charges 1,412 1,265 3,909 3,620
Securities gains (losses), net (20) 1,456 714 2,291
Mortgage banking revenue, net 185 235 441 826
ATM / debit card revenue 958 989 2,933 2,819
Other 341 353 1,087 1,022
Total other income 4,402 5,697 13,873 14,961
Other expense:        
Salaries and employee benefits 6,216 6,267 18,323 18,036
Net occupancy and equipment expense 2,056 2,067 6,319 6,212
Net other real estate owned expense 41 23 23 185
FDIC insurance 199 197 604 632
Amortization of intangible assets 162 170 487 511
Stationery and supplies 152 175 480 437
Legal and professional 514 459 1,753 1,621
Marketing and donations 246 314 755 821
Other 1,504 1,410 4,520 4,157
Total other expense 11,090 11,082 33,264 32,612
Income before income taxes 6,270 6,262 18,475 17,809
Income taxes 2,355 2,352 6,924 6,706
Net income 3,915 3,910 11,551 11,103
Dividends on preferred shares 1,105 1,104 3,313 3,313
Net income available to common stockholders $ 2,810 $ 2,806 $ 8,238 $ 7,790
Per share data:        
Basic earnings per common share $ 0.48 $ 0.47 $ 1.40 $ 1.31
Diluted net income per common share available to common stockholders $ 0.47 $ 0.47 $ 1.38 $ 1.31
Cash dividends declared per common share $ 0.00 $ 0.00 $ 0.26 $ 0.21