XML 55 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Interest and dividend income    
Loans, including fees $ 9,782 $ 9,713
Taxable securities 872 1,006
Tax-exempt securities 574 524
Federal funds sold and other 87 44
Total interest income 11,315 11,287
Interest expense    
Deposits 615 760
Federal Home Loan Bank advances 324 343
Subordinated debentures 205 190
Other 6 6
Total interest expense 1,150 1,299
Net interest income 10,165 9,988
Provision for loan losses 750 500
Net interest income after provision for loan losses 9,415 9,488
Noninterest income    
Service charges 979 965
Net gain on sale of securities 4 17
Net gain on sale of loans 103 199
ATM fees 461 460
Trust fees 788 603
Tax refund processing fees 1,877 380
Bank owned life insurance 130 147
Other 282 444
Total noninterest income 4,624 3,215
Noninterest expense    
Salaries, wages and benefits 5,726 5,505
Net occupancy expense 688 611
Equipment expense 342 279
Contracted data processing 285 262
Federal deposit insurance assessment 237 261
State franchise tax 210 264
Professional services 391 481
Amortization of intangible assets 202 212
ATM expense 203 155
Marketing 300 193
Other operating expenses 1,844 1,985
Total noninterest expense 10,428 10,208
Income before taxes 3,611 2,495
Income tax expense 899 582
Net Income 2,712 1,913
Preferred stock dividends and discount accretion 655 290
Net income available to common shareholders $ 2,057 $ 1,623
Earnings per common share, basic $ 0.27 $ 0.21
Earnings per common share, diluted $ 0.22 $ 0.21