XML 81 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Earnings (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Interest income:      
Loans, including fees $ 20,604 $ 21,943 $ 21,306
Securities 6,706 7,070 9,343
Federal funds sold and interest bearing bank deposits 148 54 57
Total interest income 27,458 29,067 30,706
Interest expense:      
Deposits 5,392 6,324 8,068
Short-term borrowings 14 16 12
Long-term debt interest expense 1,130 1,830 3,401
Total interest expense 6,536 8,170 11,481
Net interest income 20,922 20,897 19,225
Provision for loan losses 400 3,815 2,450
Net interest income after provision for loan losses 20,522 17,082 16,775
Noninterest income:      
Service charges on deposit accounts 930 1,111 1,167
Mortgage lending 2,895 3,445 1,922
Bank-owned life insurance gain 427 445 460
Gain on sale of affordable housing investments 0 3,268 0
Affordable housing investment losses 0 0 (646)
Gain on sale of premises and equipment 1,018 0 0
Other noninterest income 1,377 1,535 1,396
Securities gains, net:      
Realized gains, net 651 809 1,216
Total other-than-temporary impairments 0 (130) (468)
Non-credit portion of other-than-temporary impairments recognized in other comprehensive income 0 0 130
Total securities gains (losses), net 651 679 878
Total noninterest income 7,298 10,483 5,177
Noninterest expense:      
Salaries and benefits 8,788 8,691 8,167
Net occupancy and equipment 1,335 1,332 1,404
Professional fees 774 704 735
FDIC and other regulatory assessments 512 686 792
Other real estate owned, net 570 323 2,007
Prepayment penalties on long-term debt 3,028 3,720 0
Other noninterest expense 3,405 3,927 3,252
Total noninterest expense 18,412 19,383 16,357
Earnings before income taxes 9,408 8,182 5,595
Income tax expense 2,290 1,419 57
Net earnings $ 7,118 $ 6,763 $ 5,538
Net earnings per share:      
Basic and diluted earnings per share $ 1.95 $ 1.86 $ 1.52
Weighted average shares outstanding:      
Basic and diluted weighted average shares outstanding 3,643,003 3,642,831 3,642,735