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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Interest income    
Interest and fees on loans $ 10,111 $ 9,923
Interest and dividends on investment securities:    
Taxable 3,016 2,972
Tax-exempt 1,056 1,076
Dividends 154 131
Interest on federal funds sold and other short-term investment 0 2
Total interest income 14,337 14,104
Interest expense    
Interest on certificates of deposit $100 or more 207 239
Interest on other deposits 1,109 1,045
Interest on borrowings 1,411 1,450
Total interest expense 2,727 2,734
Net interest income 11,610 11,370
Provision for loan losses 625 0
Net interest income after provision for loan losses 10,985 11,370
Other income    
Service charges, commissions and fees 497 406
Annuities and insurance commissions 100 100
Bank-owned life insurance 255 565
Loan related fees 181 227
Net gains on sale of loans held for sale 36 138
Other 37 90
Other-than-temporary impairment losses on investment securities 0 (24)
Net gains on sale of investment securities 1,415 343
Net investment securities gains 1,415 319
Total other income 2,521 1,845
Other expense    
Salaries and employee benefits 3,332 3,490
Occupancy and equipment 1,080 906
FDIC insurance 300 313
Professional and consulting 255 219
Stationery and printing 84 85
Marketing and advertising 40 101
Computer expense 345 353
Other real estate owned, net 2 19
Merger-related expenses 1,060 0
All other 998 1,052
Total other expense 7,496 6,538
Income before income tax expense 6,010 6,677
Income tax expense 1,612 1,753
Net Income 4,398 4,924
Preferred stock dividends 28 56
Net income available to common stockholders $ 4,370 $ 4,868
Earnings per common share    
Basic $ 0.27 $ 0.30
Diluted $ 0.27 $ 0.30
Weighted average common shares outstanding    
Basic 16,350,183 16,348,215
Diluted 16,405,540 16,373,588
Dividend paid per common share $ 0.075 $ 0.055