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Unaudited Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Interest Income        
Interest and fees on loans $ 12,371 $ 12,676 $ 24,087 $ 25,318
Interest on investment securities:        
Taxable 2,641 2,980 5,436 6,060
Nontaxable 665 637 1,321 1,261
Interest on deposits in other banks 41 37 91 64
Interest on federal funds sold and securities purchased under agreements to resell 3 1 6 2
Total interest income 15,721 16,331 30,941 32,705
Interest Expense        
Interest on deposits 737 1,104 1,558 2,307
Interest on federal funds purchased and other short-term borrowings 10 11 20 30
Interest on securities sold under agreements to repurchase and other long-term borrowings 1,187 1,279 2,363 2,543
Interest on subordinated notes payable to unconsolidated trusts 214 210 424 419
Total interest expense 2,148 2,604 4,365 5,299
Net interest income 13,573 13,727 26,576 27,406
Provision for loan losses (264) (1,388) (1,809) (1,256)
Net interest income after provision for loan losses 13,837 15,115 28,385 28,662
Noninterest Income        
Service charges and fees on deposits 1,907 1,991 3,679 3,907
Allotment processing fees 1,102 1,274 2,292 2,519
Other service charges, commissions, and fees 1,347 1,399 2,614 2,634
Trust income 583 523 1,154 1,068
Investment securities gain (losses), net 45 (84) 165 (75)
Gains on sale of mortgage loans, net 173 123 338 220
Income from company-owned life insurance 227 233 468 479
Other 124 532 239 612
Total noninterest income 5,508 5,991 10,949 11,364
Noninterest Expense        
Salaries and employee benefits 7,852 7,342 16,172 14,693
Occupancy expenses, net 1,219 1,209 2,446 2,491
Equipment expenses 609 593 1,227 1,187
Data processing and communication expenses 1,074 969 2,129 1,974
Bank franchise tax 607 610 1,212 1,222
Amortization of intangibles 113 101 225 202
Deposit insurance expense 404 461 804 901
Other real estate expenses, net 726 938 771 2,002
Legal expenses 189 228 401 422
Other 1,681 1,872 3,597 3,659
Total noninterest expense 14,474 14,323 28,984 28,753
Income before income taxes 4,871 6,783 10,350 11,273
Income tax expense 1,369 1,959 2,774 3,079
Net income 3,502 4,824 7,576 8,194
Less preferred stock dividends and discount accretion 170 563 395 1,100
Net income available to common shareholders $ 3,332 $ 4,261 $ 7,181 $ 7,094
Per Common Share        
Net income - basic and diluted (in Dollars per share) $ 0.44 $ 0.57 $ 0.96 $ 0.95
Cash dividends declared (in Dollars per share) $ 0 $ 0 $ 0 $ 0
Weighted Average Common Shares Outstanding        
Basic and diluted (in Shares) 7,492 7,482 7,491 7,481