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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Interest income        
Loans, including fees $ 11,641 $ 11,262 $ 23,306 $ 22,925
Securities available for sale        
Taxable 1,206 1,400 2,463 2,715
Tax-exempt 56 63 111 98
Federal funds sold and other 52 64 88 96
Total interest income 12,955 12,789 25,968 25,834
Interest expense        
Deposits 887 960 1,803 1,847
Repurchase agreements and other 9 9 19 16
Other borrowings 136 144 259 288
Total interest expense 1,032 1,113 2,081 2,151
Net interest income 11,923 11,676 23,887 23,683
Provision (credit) for loan losses (146) (79) (77) (389)
Net interest income after provision for loan losses 12,069 11,755 23,964 24,072
Non-interest income        
Service charges on deposit accounts 914 899 1,792 1,638
Electronic banking income 702 655 1,346 1,150
Secondary market mortgage income 22 50 60 69
Other 124 179 269 307
Total non-interest income 1,762 1,783 3,467 3,164
Non-interest expenses        
Salaries and employee benefits 4,475 4,873 8,816 8,857
Occupancy and equipment expenses 1,263 1,307 2,590 2,460
Outside data processing 1,075 1,029 2,171 1,898
Professional fees 179 209 308 745
Taxes, other than payroll, property and income 145 152 341 304
Write-downs, expenses, sales of other real estate owned, net 340 (488) 682 (394)
Amortization of intangibles 209 224 434 368
FDIC insurance 206 260 421 461
Other expenses 1,037 1,148 1,958 2,044
Total non-interest expenses 8,929 8,714 17,721 16,743
Income before income taxes 4,902 4,824 9,710 10,493
Provision for income taxes 1,775 1,724 3,441 3,723
Net income 3,127 3,100 6,269 6,770
Preferred stock dividends and accretion 0 (165) 0 (330)
Net income available to common stockholders $ 3,127 $ 2,935 $ 6,269 $ 6,440
Net income per share:        
Basic (in dollars per share) $ 0.38 $ 0.36 $ 0.77 $ 0.80
Diluted (in dollars per share) $ 0.37 $ 0.34 $ 0.74 $ 0.75