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Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Interest Income        
Interest and fees on loans $ 14,855 $ 15,993 $ 43,312 $ 45,451
Taxable income 3,400 3,774 10,826 10,366
Other interest income 140 86 447 244
Total interest income 18,395 19,853 54,585 56,061
Interest Expense        
Deposits 1,725 1,894 5,168 6,231
Retail repurchase agreements 5 6 11 15
Federal Home Loan Bank advances 521 289 1,504 1,037
Other borrowed funds 296 282 857 809
Total interest expense 2,547 2,471 7,540 8,092
Net Interest Income before Provision for Loan Losses 15,848 17,382 47,045 47,969
Recovery of loan losses (1,679) (350) (4,048) (1,297)
Net Interest Income after Provision for Loan Losses 17,527 17,732 51,093 49,266
Noninterest Income        
Service charges on deposit accounts 1,583 1,858 4,766 4,915
Mortgage loan income 205 420 640 2,085
Cardholder and merchant services income 1,183 1,161 3,505 3,403
Trust and investment services 344 329 1,101 964
Bank-owned life insurance 273 267 803 805
Other service charges, commissions and fees 290 365 974 960
Securities gains, net 34 50 754 2,773
Other income 73 37 278 362
Total noninterest income 3,985 4,487 12,821 16,267
Noninterest Expense        
Personnel expense 12,616 9,663 32,965 31,149
Net occupancy expense 1,521 1,558 4,586 5,060
Furniture, equipment and data processing expense 2,208 2,050 6,258 6,512
Professional fees 699 222 1,799 2,475
Stationery, printing and supplies 149 136 484 509
Advertising and marketing 142 150 442 994
Other real estate owned expense (29) (98) 1,186 4,116
Credit/debit card expense 520 627 1,719 1,525
FDIC insurance 412 646 1,646 1,980
Loan collection expense 198 1,120 1,406 3,784
Merger-related expense 0 0 0 3,498
Core deposit intangible amortization 352 352 1,056 1,056
Other expense 1,227 1,501 4,542 4,273
Total noninterest expense 20,015 17,927 58,089 66,931
Income (loss) before income taxes 1,497 4,292 5,825 (1,398)
Income tax expense (benefit) (276) 286 (17) 2,375
Net income (loss) $ 1,773 $ 4,006 $ 5,842 $ (3,773)
Weighted average number of shares outstanding - basic 21,739,009 21,738,770 21,853,866 21,722,536
Weighted average number of shares outstanding - diluted 21,746,965 21,738,770 21,865,972 21,722,536
Net income (loss) per share - basic and diluted $ 0.08 $ 0.18 $ 0.27 $ (0.17)