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Consolidated Statements of Earnings - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Interest income:    
Loans, including fees $ 17,123 $ 18,054
Securities and other investments:    
Taxable 2,036 1,925
Nontaxable 458 584
Federal funds sold 5 2
Time and interest bearing deposits in other banks 94 37
Other investments 88 79
Total interest income 19,804 20,681
Interest expense:    
Deposits 907 947
Securities sold under agreements to repurchase 233 230
Other borrowings and payables 113 97
Junior subordinated debentures 167 150
Total interest expense 1,420 1,424
Net interest income 18,384 19,257
Provision for loan losses 2,800 6,000
Net interest income after provision for loan losses 15,584 13,257
Non-interest income:    
Service charges on deposits 2,313 2,332
Gain on sale of securities, net 0 115
ATM and debit card income 1,609 1,629
Other charges and fees 565 765
Total non-interest income 4,487 4,841
Non-interest expenses:    
Salaries and employee benefits 7,990 7,942
Occupancy expense 3,597 3,685
ATM and debit card expense 785 663
Information Technology and Data Processing 458 457
FDIC insurance 429 281
Professional Fees 383 345
Other 3,117 2,788
Total non-interest expenses 16,759 16,161
Income before income taxes 3,312 1,937
Income tax expense 963 446
Net earnings 2,349 1,491
Dividends on preferred stock 427 173
Net earnings available to common shareholders $ 1,922 $ 1,318
Earnings per share:    
Basic (in dollars per share) $ 0.17 $ 0.12
Diluted (in dollars per share) $ 0.17 $ 0.12
Weighted average number of shares outstanding:    
Basic (in shares) 11,262 11,318
Diluted (in shares) 11,262 11,351
Dividends declared per common share (in dollars per share) $ 0.09 $ 0.09