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Unaudited Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Interest Income        
Interest and fees on loans $ 11,919 $ 12,441 $ 36,006 $ 37,759
Interest on investment securities:        
Taxable 2,508 2,857 7,944 8,917
Nontaxable 661 644 1,982 1,905
Interest on deposits in other banks 32 32 123 96
Interest on federal funds sold and securities purchased under agreements to resell 3 2 9 4
Total interest income 15,123 15,976 46,064 48,681
Interest Expense        
Interest on deposits 725 1,030 2,283 3,337
Interest on federal funds purchased and other short-term borrowings 13 12 33 42
Interest on securities sold under agreements to repurchase and other long-term borrowings 1,201 1,259 3,564 3,802
Interest on subordinated notes payable to unconsolidated trusts 219 212 643 631
Total interest expense 2,158 2,513 6,523 7,812
Net interest income 12,965 13,463 39,541 40,869
Provision for loan losses (898) (1,536) (2,707) (2,792)
Net interest income after provision for loan losses 13,863 14,999 42,248 43,661
Noninterest Income        
Service charges and fees on deposits 1,955 1,993 5,634 5,900
Allotment processing fees 1,066 1,276 3,358 3,795
Other service charges, commissions, and fees 1,442 1,316 4,056 3,950
Trust income 667 812 1,821 1,880
Investment securities gain (losses), net (2) 8 163 (67)
Gains on sale of mortgage loans, net 220 123 558 343
Income from company-owned life insurance 234 511 702 990
Other 107 103 346 715
Total noninterest income 5,689 6,142 16,638 17,506
Noninterest Expense        
Salaries and employee benefits 7,774 7,530 23,946 22,223
Occupancy expenses, net 1,177 1,229 3,623 3,720
Equipment expenses 691 637 1,918 1,824
Data processing and communication expenses 1,114 979 3,243 2,953
Bank franchise tax 608 585 1,820 1,807
Amortization of intangibles 112 101 337 303
Deposit insurance expense 397 426 1,201 1,327
Other real estate expenses, net 262 1,974 1,033 3,976
Legal expenses 292 293 693 715
Other 1,854 1,997 5,451 5,656
Total noninterest expense 14,281 15,751 43,265 44,504
Income before income taxes 5,271 5,390 15,621 16,663
Income tax expense 1,439 1,283 4,213 4,362
Net income 3,832 4,107 11,408 12,301
Less preferred stock dividends and discount accretion 0 450 395 1,550
Net income available to common shareholders $ 3,832 $ 3,657 $ 11,013 $ 10,751
Per Common Share        
Net income - basic and diluted (in Dollars per share) $ 0.51 $ 0.49 $ 1.47 $ 1.44
Cash dividends declared (in Dollars per share) $ 0 $ 0 $ 0 $ 0
Weighted Average Common Shares Outstanding        
Basic and diluted (in Shares) 7,495 7,485 7,492 7,482