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CONSOLIDATED STATEMENTS OF INCOME (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 and dividend income:        
Loans, including fees $ 11,449 $ 11,056 $ 22,617 $ 22,360
Taxable securities 1,264 986 2,768 2,117
Tax exempt securities 258 281 522 586
Interest-bearing deposits 25 10 43 18
Total interest and dividend income 12,996 12,333 25,950 25,081
Interest Expense        
Deposits 517 595 1,040 1,219
Securities sold under agreements to repurchase 212 211 420 431
Borrowed funds 192 199 382 387
Total interest expense 921 1,005 1,842 2,037
Net interest income 12,075 11,328 24,108 23,044
Provision for loan losses 1,103 451 1,741 881
Net interest income after provision for loan losses 10,972 10,877 22,367 22,163
Other operating income:        
Wealth management group fee income 1,989 1,885 3,872 3,635
Service charges on deposit accounts 1,350 1,186 2,582 2,155
Net gain on securities transactions 522 1 522 1
Net gain on sales of loans held for sale 83 179 125 291
Net (loss) gain on sales of other real estate owned (14) 16 (44) 16
Income from bank owned life insurance 19 21 39 42
Other 1,457 1,187 3,274 2,357
Total other operating income 5,406 4,475 10,370 8,497
Other operating expenses:        
Salaries and wages 5,156 4,599 10,309 9,417
Pension and other employee benefits 1,479 1,365 2,838 2,789
Net occupancy expenses 1,659 1,339 3,452 2,701
Furniture and equipment expenses 715 567 1,345 1,086
Data processing expense 1,414 1,128 2,895 2,241
Professional services 421 214 643 525
Amortization of intangible assets 324 196 669 449
Marketing and advertising expenses 332 197 625 485
Other real estate owned expenses 45 27 132 62
FDIC insurance 274 203 543 419
Loan expense 146 192 295 335
Merger and acquisition related expenses 29 0 115 0
Other 1,585 1,364 3,062 2,607
Total operating expenses 13,579 11,391 26,923 23,116
Income before income tax expense 2,799 3,961 5,814 7,544
Income tax expense 869 1,306 1,820 2,478
Net Income $ 1,930 $ 2,655 $ 3,994 $ 5,066
Weighted average shares outstanding (in shares) 4,681 4,658 4,679 4,657
Basic and diluted earnings per share (in dollars per share) $ 0.41 $ 0.57 $ 0.85 $ 1.09