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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Interest income    
Loans, including fees $ 6,677 $ 6,066
Investment securities    
Fully taxable 502 369
Exempt from federal taxes 417 418
Interest-bearing deposits and other 3 4
TOTAL INTEREST INCOME 7,599 6,857
Interest expense    
Deposits 766 731
Borrowings 193 248
TOTAL INTEREST EXPENSE 959 979
NET INTEREST INCOME 6,640 5,878
Provision for loan losses 0 439
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 6,640 5,439
Noninterest income    
Service fees, charges and other operating income 516 527
Bank owned life insurance 131 143
Gain on sale of loans 74 305
Gain on sale of investment securities 1 0
Gain on disposition of premises and equipment 0 420
TOTAL NONINTEREST INCOME 722 1,395
Noninterest expense    
Compensation and benefits 3,383 2,817
Occupancy and equipment 907 697
Federal deposit insurance premiums 134 110
Professional fees 305 288
Merger-related costs 0 320
Marketing and advertising 144 39
Foreclosed real estate expense 13 224
Core deposit intangible amortization 25 0
Other operating 579 535
TOTAL NONINTEREST EXPENSE 5,490 5,030
INCOME BEFORE INCOME TAXES 1,872 1,804
Income tax expense 491 581
NET INCOME $ 1,381 $ 1,223
Earnings per share-basic (in dollars per share) $ 0.45 $ 0.45
Earnings per share-diluted (in dollars per share) $ 0.45 $ 0.45
Dividends paid per share $ 0.12 $ 0.05
Weighted average shares outstanding:    
Basic (in shares) 3,061,790 2,738,375
Diluted (in shares) 3,080,659 2,741,889