XML 58 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
INTEREST INCOME    
Interest and Fees on Loans $ 15,944 $ 14,885
Interest on Federal Funds Sold and Other Short-term Investments 3 10
Interest and Dividends on Securities:    
Taxable 2,759 2,841
Non-taxable 975 634
TOTAL INTEREST INCOME 19,681 18,370
INTEREST EXPENSE    
Interest on Deposits 1,036 1,234
Interest on FHLB Advances and Other Borrowings 449 911
TOTAL INTEREST EXPENSE 1,485 2,145
NET INTEREST INCOME 18,196 16,225
Provision for Loan Losses 350 350
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 17,846 15,875
NON-INTEREST INCOME    
Trust and Investment Product Fees 922 817
Service Charges on Deposit Accounts 1,061 955
Insurance Revenues 2,556 1,784
Company Owned Life Insurance 201 266
Interchange Fee Income 447 430
Other Operating Income 390 291
Net Gains on Sales of Loans 476 754
Net Gains on Securities 228 613
TOTAL NON-INTEREST INCOME 6,281 5,910
NON-INTEREST EXPENSE    
Salaries and Employee Benefits 8,424 7,784
Occupancy Expense 1,316 1,105
Furniture and Equipment Expense 509 475
FDIC Premiums 275 255
Data Processing Fees 1,010 665
Professional Fees 692 661
Advertising and Promotion 478 490
Intangible Amortization 348 367
Other Operating Expenses 2,038 1,660
TOTAL NON-INTEREST EXPENSE 15,090 13,462
Income before Income Taxes 9,037 8,323
Income Tax Expense 2,732 2,514
NET INCOME $ 6,305 $ 5,809
Basic Earnings Per Share (USD per share) $ 0.48 $ 0.46
Diluted Earnings Per Share (USD per share) $ 0.48 $ 0.46
Dividends Per Share (USD per share) $ 0.16 $ 0.15