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Consolidated Statements of Earnings (unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Interest income:        
Loans, including fees $ 17,769 $ 18,197 $ 35,252 $ 35,314
Securities and other investments:        
Taxable 2,064 2,251 4,200 4,310
Nontaxable 661 812 1,354 1,651
Federal funds sold 1 1 2 5
Time and interest bearing deposits in other banks 11 17 27 55
Other investments 89 78 159 150
Total interest income 20,595 21,356 40,994 41,485
Interest expense:        
Deposits 858 990 1,729 2,068
Securities sold under agreements to repurchase 199 182 379 361
Other borrowings and payable 105 106 211 230
Junior subordinated debentures 320 336 667 672
Total interest expense 1,482 1,614 2,986 3,331
Net interest income 19,113 19,742 38,008 38,154
Provision for loan losses 1,200 1,250 1,750 1,800
Net interest income after provision for loan losses 17,913 18,492 36,258 36,354
Non-interest income:        
Service charges on deposits 2,448 2,271 4,828 4,442
Gain on securities, net 128 0 128 204
ATM and debit card income 1,853 1,638 3,567 2,994
Executive officer life insurance proceeds 0 0 3,000 0
Other charges and fees 832 1,095 1,655 1,795
Total non-interest income 5,261 5,004 13,178 9,435
Non-interest expenses:        
Salaries and employee benefits 8,488 8,369 17,301 16,761
Occupancy expense 3,689 3,725 7,480 7,322
FDIC insurance 251 244 513 589
Other 4,695 5,929 9,531 11,026
Total non-interest expenses 17,123 18,267 34,825 35,698
Income before income taxes 6,051 5,229 14,611 10,091
Income tax expense 1,935 1,566 3,637 3,000
Net earnings 4,116 3,663 10,974 7,091
Dividends on preferred stock 170 392 350 684
Net earnings available to common shareholders $ 3,946 $ 3,271 $ 10,624 $ 6,407
Earnings per share:        
Basic (in dollars per share) $ 0.35 $ 0.29 $ 0.94 $ 0.57
Diluted (in dollars per share) $ 0.34 $ 0.29 $ 0.91 $ 0.56
Weighted average number of shares outstanding:        
Basic (in shares) 11,288 11,239 11,273 11,238
Diluted (in shares) 11,923 11,839 11,897 11,846
Dividends declared per common share (in dollars per share) $ 0.09 $ 0.08 $ 0.17 $ 0.15