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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) (USD $)
In Thousands, except Per 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        
Loans, including fees $ 11,262 $ 10,706 $ 22,925 $ 20,466
Securities available for sale        
Taxable 1,400 1,528 2,715 3,110
Tax-exempt 63 41 98 84
Federal funds sold and other 64 42 96 72
Total interest income 12,789 12,317 25,834 23,732
Interest expense        
Deposits 960 1,054 1,847 2,145
Repurchase agreements and other 9 6 16 18
Other borrowings 144 164 288 336
Total interest expense 1,113 1,224 2,151 2,499
Net interest income 11,676 11,093 23,683 21,233
Provision for loan losses (79) (70) (389) 500
Net interest income after provision for loan losses 11,755 11,163 24,072 20,733
Non-interest income        
Service charges on deposit accounts 899 847 1,638 1,636
Electronic banking income 655 517 1,150 987
Secondary market mortgage income 50 47 69 141
Gain on disposition of securities 0 0 0 148
Other 179 170 307 314
Total non-interest income 1,783 1,581 3,164 3,226
Non-interest expenses        
Salaries and employee benefits 4,873 3,845 8,857 7,437
Occupancy and equipment expenses 1,307 1,103 2,460 2,182
Outside data processing 1,029 855 1,898 1,675
Professional fees 209 289 745 445
Taxes, other than payroll, property and income 152 151 304 363
Write-downs, expenses, sales of other real estate owned, net (488) 272 (394) 596
Amortization of intangibles 224 152 368 304
FDIC insurance 260 200 461 412
Loan collection expenses 127 129 194 266
Other expenses 1,021 813 1,850 1,516
Total non-interest expenses 8,714 7,809 16,743 15,196
Income before income taxes 4,824 4,935 10,493 8,763
Provision for income taxes 1,724 1,826 3,723 3,150
Net income 3,100 3,109 6,770 5,613
Preferred stock dividends and accretion (165) (165) (330) (330)
Net income available to common stockholders $ 2,935 $ 2,944 $ 6,440 $ 5,283
Net income per share:        
Basic (in dollars per share) $ 0.36 $ 0.37 $ 0.80 $ 0.66
Diluted (in dollars per share) $ 0.34 $ 0.35 $ 0.75 $ 0.63