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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 and dividend income        
Loans, including fees $ 9,537 $ 10,047 $ 19,250 $ 20,437
Taxable securities 920 1,215 1,925 2,488
Tax-exempt securities 534 459 1,058 886
Federal funds sold and other 34 36 78 64
Total interest income 11,025 11,757 22,311 23,875
Interest expense        
Deposits 699 998 1,459 2,061
Federal Home Loan Bank advances 346 393 690 787
Subordinated debentures 194 215 383 427
Other 5 5 11 10
Total interest expense 1,244 1,611 2,543 3,285
Net interest income 9,781 10,146 19,768 20,590
Provision for loan losses 300 1,465 800 3,865
Net interest income after provision for loan losses 9,481 8,681 18,968 16,725
Noninterest income        
Service charges 1,066 1,073 2,032 2,135
Net gain on sale of securities 41 42 58 40
ATM fees 511 439 972 883
Trust fees 626 544 1,228 1,069
Bank owned life insurance 144 161 291 324
Computer center data processing fees 64 71 125 142
Other 379 522 1,341 1,168
Total noninterest income 2,831 2,852 6,047 5,761
Noninterest expense        
Salaries, wages and benefits 5,581 5,434 11,088 10,396
Net occupancy expense 553 519 1,164 1,071
Equipment expense 288 306 567 604
Contracted data processing 263 242 525 459
FDIC Assessment 286 251 546 502
State franchise tax 300 252 564 505
Professional services 691 806 1,433 1,404
Amortization of intangible assets 212 232 424 510
ATM Expense 161 138 316 285
Marketing 192 192 385 387
Other operating expenses 1,819 2,023 3,542 3,535
Total noninterest expense 10,346 10,395 20,554 19,658
Income before taxes 1,966 1,138 4,461 2,828
Income tax expense 309 202 891 599
Net Income 1,657 936 3,570 2,229
Preferred stock dividends and discount accretion 290 294 580 588
Net income available to common shareholders $ 1,367 $ 642 $ 2,990 $ 1,641
Earnings per common share, basic and diluted $ 0.18 $ 0.08 $ 0.39 $ 0.21