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SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)
 12 Months Ended
Dec. 31, 2013
SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED) [Abstract]  
SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)
16. SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED) (dollars in thousands, except per share data)
 
 
 
2013
  
2012
 
 
 
4th
  
3rd
  
2nd
  
1st
  
4th
  
3rd
  
2nd
  
1st
 
 
 
Quarter
  
Quarter
  
Quarter
  
Quarter
  
Quarter
  
Quarter
  
Quarter
  
Quarter
 
Interest income
 
$
15,969
  
$
14,705
  
$
14,560
  
$
14,444
  
$
14,317
  
$
15,041
  
$
15,845
  
$
15,244
 
Interest expense
  
682
   
733
   
747
   
768
   
829
   
887
   
967
   
1,036
 
Net interest income
  
15,287
   
13,972
   
13,813
   
13,676
   
13,488
   
14,154
   
14,878
   
14,208
 
Provision (credit) for loan losses (1)
  
1,250
   
-
   
-
   
-
   
(1,100
)
  
12,000
   
(2,400
)
  
-
 
Net interest income after provision (credit) for loan losses
  
14,037
   
13,972
   
13,813
   
13,676
   
14,588
   
2,154
   
17,278
   
14,208
 
Non-interest income (2)
  
7,139
   
6,587
   
2,464
   
3,317
   
4,344
   
1,881
   
2,401
   
2,255
 
Operating expenses (3)
  
16,982
   
15,090
   
12,692
   
13,801
   
15,656
   
17,171
   
14,139
   
14,605
 
Income tax expense (benefit)
  
866
   
1,557
   
816
   
483
   
1,231
   
(3,975
)
  
1,340
   
690
 
Net income (loss)
 
$
3,328
  
$
3,912
  
$
2,769
  
$
2,709
  
$
2,045
  
$
(9,161
)
 
$
4,200
  
$
1,168
 
Net income (loss) per common share - basic
 
$
0.29
  
$
0.34
  
$
0.24
  
$
0.23
  
$
0.18
  
$
(0.94
)
 
$
0.43
  
$
0.12
 
Net income (loss) per common share - diluted
 
$
0.29
  
$
0.34
  
$
0.24
  
$
0.23
  
$
0.18
  
$
(0.94
)
 
$
0.43
  
$
0.12
 
Cash dividends per common share
 
$
-
  
$
-
  
$
-
  
$
-
  
$
-
  
$
-
  
$
-
  
$
-
 

(1)4th quarter 2013 amount reflects the impact of a charge-off of $1.5 million related to the sale of $8 million in non-performing and classified loans.

(2)4th quarter 2013 and 3rd quarter 2013 amounts include gains on Visa shares sold of $3.9 million and $3.8 million, respectively.

(3)4th quarter 2013 and 3rd quarter 2013 amounts include branch consolidation costs of $1.6 million and $460 thousand, respectively. Also included are reserve and carrying costs related to Visa shares sold totaling $515 thousand and $474 thousand for the 4th and 3rd quarter 2013, respectively.