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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:        
Loans, including fees $ 20,676 $ 19,886 $ 60,775 $ 59,353
Investment securities:        
Taxable 275 303 815 957
Nontaxable 840 823 2,513 2,497
Federal funds sold 3 11 29 57
Total interest income 21,794 21,023 64,132 62,864
Interest expense:        
Deposits 2,245 2,684 7,036 8,488
Short-term borrowings 50 41 97 102
FHLB borrowings 1,409 1,409 4,181 4,181
Total interest expense 3,704 4,134 11,314 12,771
Net interest income 18,090 16,889 52,818 50,093
Provision for loan losses (1,008) 112 (1,209) (309)
Net interest income after provision for loan losses 19,098 16,777 54,027 50,402
Noninterest income:        
Net gain on sale of loans 338 531 638 1,793
Trust fees 1,595 1,185 4,494 3,740
Service charges and fees 2,152 2,240 6,001 6,616
Rental revenue on tax credit real estate 377 398 1,112 1,114
Net gain on sale of other real estate owned and other repossessed assets 186 18 426 168
Other noninterest income 599 591 1,944 1,939
Noninterest income 5,247 4,963 14,615 15,370
Noninterest expenses:        
Salaries and employee benefits 6,400 6,158 19,042 18,312
Occupancy 947 907 2,900 2,780
Furniture and equipment 1,212 1,183 3,685 3,650
Office supplies and postage 390 445 1,157 1,163
Advertising and business development 775 624 2,216 1,895
Outside services 1,773 1,819 4,981 5,437
Rental expenses on tax credit real estate 552 614 1,635 1,571
FDIC insurance assessment 282 229 823 760
Other noninterest expense 490 432 1,177 1,298
Noninterest expenses 12,821 12,411 37,616 36,866
Income before income taxes 11,524 9,329 31,026 28,906
Income taxes 3,625 2,705 9,202 8,558
Net income $ 7,899 $ 6,624 $ 21,824 $ 20,348
Earnings per share:        
Basic (in dollars per share) $ 1.69 $ 1.41 $ 4.65 $ 4.32
Diluted (in dollars per share) $ 1.68 $ 1.40 $ 4.64 $ 4.31