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Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except 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        
Interest and fees on loans $ 14,376 $ 14,422 $ 28,457 $ 29,207
Taxable income 3,731 3,518 7,426 6,578
Non-taxable income 0 0 0 14
Other interest income 156 197 307 409
Total interest income 18,263 18,137 36,190 36,208
Interest Expense        
Deposits 1,741 2,090 3,443 4,337
Retail repurchase agreements 3 4 6 9
Federal Home Loan Bank advances 514 365 983 747
Other borrowed funds 287 264 561 528
Total interest expense 2,545 2,723 4,993 5,621
Net Interest Income before Provision for Loan Losses 15,718 15,414 31,197 30,587
Provision for (recovery of) loan losses (1,685) (1,057) (2,369) (947)
Net Interest Income after Provision for Loan Losses 17,403 16,471 33,566 31,534
Noninterest Income        
Service charges on deposit accounts 1,619 1,681 3,183 3,057
Mortgage loan income 261 921 435 1,665
Cardholder and merchant services income 1,209 1,174 2,322 2,243
Trust and investment services 399 394 757 635
Bank-owned life insurance 278 276 530 538
Other service charges, commissions and fees 332 337 684 595
Securities gains, net 720 345 720 2,723
Other income 75 119 205 324
Total noninterest income 4,893 5,247 8,836 11,780
Noninterest Expense        
Personnel expense 9,956 10,807 20,349 21,486
Net occupancy expense 1,512 1,671 3,065 3,502
Furniture, equipment and data processing expense 2,047 2,094 4,050 4,462
Professional fees 467 760 1,100 2,253
Stationery, printing and supplies 173 187 335 373
Advertising and marketing 147 179 300 844
Other real estate owned expense 954 3,332 1,215 4,214
Credit/debit card expense 604 473 1,199 898
FDIC insurance 595 664 1,234 1,334
Loan collection expense 551 1,408 1,208 2,979
Merger-related expense 0 1,989 0 3,498
Core deposit intangible amortization 352 352 704 704
Other expense 1,910 749 3,315 2,457
Total noninterest expense 19,268 24,665 38,074 49,004
Income (loss) before income taxes 3,028 (2,947) 4,328 (5,690)
Income tax expense 236 236 259 2,089
Net income (loss) $ 2,792 $ (3,183) $ 4,069 $ (7,779)
Weighted average number of shares outstanding - basic 21,888,772 21,729,329 21,912,084 21,713,808
Weighted average number of shares outstanding - diluted 21,899,994 21,729,329 21,925,798 21,713,808
Net income (loss) per share - basic and diluted $ 0.13 $ (0.15) $ 0.19 $ (0.36)