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Consolidated Statements of Earnings - 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:        
Loans, including fees $ 17,992 $ 18,273 $ 54,314 $ 53,525
Securities and other investments:        
Taxable 1,850 1,965 5,628 6,164
Nontaxable 536 652 1,679 2,007
Federal funds sold 1 2 5 4
Time and interest bearing deposits in other banks 40 15 112 42
Other investments 113 109 273 268
Total interest income 20,532 21,016 62,011 62,010
Interest expense:        
Deposits 883 859 2,751 2,588
Securities sold under agreements to repurchase 249 210 721 588
Other borrowings and payables 109 108 309 320
Junior subordinated debentures 150 327 451 994
Total interest expense 1,391 1,504 4,232 4,490
Net interest income 19,141 19,512 57,779 57,520
Provision for loan losses 3,800 1,175 10,900 2,925
Net interest income after provision for loan losses 15,341 18,337 46,879 54,595
Non-interest income:        
Service charges on deposits 2,231 2,556 6,488 7,385
Gain on sale of securities, net 0 0 1,243 128
ATM and debit card income 1,823 1,808 5,529 5,375
Income from death benefit on BOLI/executive officer life insurance 0 0 160 3,000
Other charges and fees 786 1,830 2,553 3,484
Total non-interest income 4,840 6,194 15,973 19,372
Non-interest expenses:        
Salaries and employee benefits 7,653 8,287 23,792 25,588
Occupancy expense 3,815 3,834 11,365 11,314
FDIC insurance 391 269 1,003 783
Other 4,705 5,467 13,696 14,997
Total non-interest expenses 16,564 17,857 49,856 52,682
Income before income taxes 3,617 6,674 12,996 21,285
Income tax expense 1,028 2,202 3,817 5,839
Net earnings 2,589 4,472 9,179 15,446
Dividends on preferred stock 172 174 517 524
Net earnings available to common shareholders $ 2,417 $ 4,298 $ 8,662 $ 14,922
Earnings per share:        
Basic (in dollars per share) $ 0.22 $ 0.38 $ 0.77 $ 1.32
Diluted (in dollars per share) $ 0.21 $ 0.37 $ 0.75 $ 1.28
Weighted average number of shares outstanding:        
Basic (in shares) 11,312 11,314 11,321 11,283
Diluted (in shares) 11,831 11,955 11,848 11,904
Dividends declared per common share (in dollars per share) $ 0.09 $ 0.09 $ 0.27 $ 0.26