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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) (USD $)
In Thousands, except Per 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        
Loans, including fees $ 12,056 $ 11,615 $ 34,981 $ 32,081
Securities available for sale        
Taxable 1,365 1,501 4,080 4,611
Tax-exempt 59 36 157 120
Federal funds sold and other 46 40 142 112
Total interest income 13,526 13,192 39,360 36,924
Interest expense        
Deposits 953 994 2,800 3,139
Repurchase agreements and other 8 9 24 27
Other borrowings 139 162 427 498
Total interest expense 1,100 1,165 3,251 3,664
Net interest income 12,426 12,027 36,109 33,260
Provision for loan losses 536 50 147 550
Net interest income after provision for loan losses 11,890 11,977 35,962 32,710
Non-interest income        
Service charges on deposit accounts 924 883 2,562 2,519
Electronic banking income 647 514 1,797 1,501
Secondary market mortgage income 73 70 142 211
Gain on disposition of securities 28 72 28 220
Other 186 219 493 533
Total non-interest income 1,858 1,758 5,022 4,984
Non-interest expenses        
Salaries and employee benefits 4,400 3,741 13,257 11,178
Occupancy and equipment expenses 1,281 1,070 3,741 3,252
Outside data processing 1,079 836 2,977 2,511
Professional fees (104) 356 641 801
Taxes, other than payroll, property and income 203 149 507 512
Write-downs, expenses, sales of other real estate owned, net 450 160 56 756
Amortization of intangibles 225 152 593 456
FDIC insurance 247 212 708 624
Loan collection expenses 63 114 257 380
Other expenses 984 789 2,834 2,305
Total non-interest expenses 8,828 7,579 25,571 22,775
Income before income taxes 4,920 6,156 15,413 14,919
Provision for income taxes 1,769 2,230 5,492 5,380
Net income 3,151 3,926 9,921 9,539
Preferred stock dividends and accretion (205) (165) (535) (495)
Net income available to common stockholders $ 2,946 $ 3,761 $ 9,386 $ 9,044
Net income per share:        
Basic (in dollars per share) $ 0.36 $ 0.47 $ 1.16 $ 1.13
Diluted (in dollars per share) $ 0.34 $ 0.44 $ 1.09 $ 1.07