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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Interest and dividend income:        
Loans, including fees $ 11,973 $ 11,245 $ 34,590 $ 33,605
Taxable securities 1,122 1,003 3,889 3,120
Tax exempt securities 230 258 752 845
Interest-bearing deposits 16 3 59 21
Total interest and dividend income 13,341 12,509 39,290 37,591
Interest expense:        
Deposits 511 571 1,550 1,791
Securities sold under agreements to repurchase 214 214 634 645
Borrowed funds 190 207 572 594
Total interest expense 915 992 2,756 3,030
Net interest income 12,426 11,517 36,534 34,561
Provision for loan losses 589 874 2,330 1,755
Net interest income after provision for loan losses 11,837 10,643 34,204 32,806
Other operating income:        
Wealth management group fee income 1,943 1,813 5,816 5,448
Service charges on deposit accounts 1,381 1,222 3,962 3,377
Net gain on security transactions 0 0 522 1
Net gain on sales of loans held for sale 84 134 209 425
Net (losses) gains on sales of other real estate owned 4 17 (40) 33
Income from bank owned life insurance 20 21 59 63
Other 1,554 1,144 4,828 3,500
Total other operating income 4,986 4,351 15,356 12,847
Other operating expenses:        
Salaries and wages 5,344 4,721 15,653 14,138
Pension and other employee benefits 1,294 1,372 4,132 4,161
Net occupancy expenses 1,721 1,315 5,174 4,016
Furniture and equipment expenses 707 514 2,052 1,600
Data processing expense 1,488 1,192 4,383 3,433
Professional services 268 188 911 713
Legal settlement 4,250 0 4,250 0
Amortization of intangible assets 324 214 993 663
Marketing and advertising expenses 255 297 879 782
Other real estate owned expenses 22 75 154 138
FDIC insurance 271 206 814 625
Loan expense 269 217 564 538
Merger and acquisition related expenses 0 202 115 217
Other 1,550 1,300 4,611 3,904
Total operating expenses 17,763 11,813 44,685 34,928
Income (loss) before income tax expense (940) 3,181 4,875 10,725
Income tax expense (benefit) (621) 1,002 1,199 3,479
Net income (loss) $ (319) $ 2,179 $ 3,676 $ 7,246
Weighted average shares outstanding (in shares) 4,684 4,660 4,681 4,658
Basic and diluted earnings (loss) per share (in dollars per share) $ (0.07) $ 0.47 $ 0.79 $ 1.56