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Consolidated Statements of Income (USD $)
In Thousands, except Per 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:        
Loans (including fee income) $ 11,182 $ 9,764 $ 21,850 $ 19,286
Mortgage-backed securities, CMOs and other asset-backed securities 1,469 2,064 2,912 4,083
U.S. GSE securities 659 813 1,450 1,585
State and municipal obligations 646 831 1,326 1,614
Corporate Bonds 100 160 201 320
Deposits with banks 8 18 13 42
Other interest and dividend income 44 27 87 45
Total interest income 14,108 13,677 27,839 26,975
Interest expense:        
Savings, NOW and money market deposits 859 931 1,743 1,877
Certificates of deposit of $100,000 or more 341 367 670 753
Other time deposits 86 109 171 223
Federal funds purchased and repurchase agreements 131 115 255 226
Federal home loan bank advances 43 8 83 8
Junior subordinated debentures 342 342 683 683
Total interest expense 1,802 1,872 3,605 3,770
Net interest income 12,306 11,805 24,234 23,205
Provision for loan losses 600 2,500 1,150 3,325
Net interest income after provision for loan losses 11,706 9,305 23,084 19,880
Non interest income:        
Service charges on deposit accounts 846 856 1,647 1,665
Fees for other customer services 908 720 1,561 1,325
Net securities gains 310 1,721 648 1,993
Title fee income 398 470 684 693
Other operating income 6 33 32 77
Total non interest income 2,468 3,800 4,572 5,753
Non interest expense:        
Salaries and employee benefits 5,326 5,262 10,720 10,373
Occupancy and equipment 1,418 963 2,609 1,949
Technology and communications 617 522 1,159 1,024
Marketing and advertising 533 495 881 754
Professional services 312 299 621 571
FDIC assessments 220 180 436 352
Amortization of core deposit intangible 15 17 31 35
Cost of extinguishment of debt       158
Other operating expenses 914 829 1,806 1,572
Total non interest expense 9,355 8,567 18,263 16,788
Income before income taxes 4,819 4,538 9,393 8,845
Income tax expense 1,567 1,475 3,028 2,843
Net income $ 3,252 $ 3,063 $ 6,365 $ 6,002
Basic earnings per share (in dollars per share) $ 0.36 $ 0.36 $ 0.70 $ 0.71
Diluted earnings per share (in dollars per share) $ 0.36 $ 0.36 $ 0.70 $ 0.71