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Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Interest Income        
Interest and fees on loans $ 8,192 $ 8,753 $ 16,511 $ 17,631
Interest on interest-bearing deposits 58 56 116 127
Interest on securities – taxable 1,725 1,782 3,264 3,371
Interest on securities – nontaxable 1,618 1,591 3,266 3,167
Total interest income 11,593 12,182 23,157 24,296
Interest Expense        
Interest on time deposits of $100 or more 230 391 498 816
Interest on other deposits 1,318 1,627 2,729 3,319
Total interest expense 1,548 2,018 3,227 4,135
Net interest income 10,045 10,164 19,930 20,161
Provision for loan losses 355 1,104 1,026 1,776
Net interest income after provision for loan losses 9,690 9,060 18,904 18,385
Noninterest Income        
Service charges on deposit accounts 625 651 1,213 1,282
Other service charges and fees 42 41 102 90
Credit card fees 853 840 1,593 1,634
Trust income 311 440 600 766
BOLI income 176 200 364 400
Other income 190 112 340 211
Realized securities losses, net (includes accumulated other comprehensive income reclassification adjustments for unrealized net losses in available-for-sale securities of ($11) and ($6) for three months ended June 30, 2013 and 2012, $84 and $38 for six months ended June 30, 2013 and 2012, respectively) (11) (1) 84 52
Total noninterest income 2,186 2,283 4,296 4,435
Noninterest Expense        
Salaries and employee benefits 2,992 2,954 5,932 5,910
Occupancy and furniture and fixtures 404 397 836 794
Data processing and ATM 418 424 811 816
FDIC assessment 136 101 272 210
Credit card processing 646 638 1,198 1,210
Intangible assets amortization 269 271 540 542
Net costs of other real estate owned 65 103 140 151
Franchise taxes 265 226 523 388
Other operating expenses 920 617 1,809 1,421
Total noninterest expense 6,115 5,731 12,061 11,442
Income before income taxes 5,761 5,612 11,139 11,378
Income tax expense (includes income tax benefit from reclassification items of ($4) and ($2) for three months ended June 30, 2013 and 2012, $29 and $13 for six months ended June 30, 2013 and 2012, respectively) 1,326 1,272 2,488 2,609
Net Income $ 4,435 $ 4,340 $ 8,651 $ 8,769
Basic net income per share (in Dollars per share) $ 0.64 $ 0.63 $ 1.25 $ 1.26
Fully diluted net income per share (in Dollars per share) $ 0.64 $ 0.62 $ 1.24 $ 1.26
Weighted average number of common shares outstanding – basic (in Shares) 6,947,974 6,939,974 6,947,974 6,939,974
Weighted average number of common shares outstanding – diluted (in Shares) 6,968,348 6,957,445 6,968,711 6,956,041
Dividends declared per share (in Dollars per share) $ 0.54 $ 0.53 $ 0.54 $ 0.53