XML 58 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 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Interest and dividend income        
Loans, including fees $ 10,218 $ 9,621 $ 29,850 $ 28,871
Taxable securities 845 901 2,610 2,826
Tax-exempt securities 595 579 1,750 1,637
Federal funds sold and other 9 26 137 104
Total interest income 11,667 11,127 34,347 33,438
Interest expense        
Deposits 552 674 1,740 2,134
Federal Home Loan Bank advances 236 339 887 1,029
Subordinated debentures 190 192 590 575
Other 5 5 15 16
Total interest expense 983 1,210 3,232 3,754
Net interest income 10,684 9,917 31,115 29,684
Provision for loan losses   300 1,500 1,100
Net interest income after provision for loan losses 10,684 9,617 29,615 28,584
Noninterest income        
Service charges 1,071 1,088 3,078 3,120
Net gain on sale of securities 1 80 114 138
Net gain on sale of loans 239 86 470 574
ATM fees 520 523 1,494 1,494
Trust fees 822 735 2,396 1,963
Bank owned life insurance 118 132 373 423
Tax refund processing fees 6 3 2,321 429
Item processing fees 61 57 190 182
Other 174 373 580 800
Total noninterest income 3,012 3,077 11,016 9,123
Noninterest expense        
Salaries, wages and benefits 5,657 5,753 16,661 16,839
Net occupancy expense 510 522 1,771 1,685
Equipment expense 320 291 1,023 859
Contracted data processing 369 324 1,080 966
FDIC assessment 212 233 700 779
State franchise tax 240 319 680 883
Professional services 538 495 1,332 1,472
Amortization of intangible assets 201 212 604 636
ATM expense 203 167 606 483
Repossession Expense 187 374 521 831
Marketing 300 192 901 577
Other operating expenses 1,924 1,863 5,189 5,287
Total noninterest expense 10,661 10,745 31,068 31,297
Income before taxes 3,035 1,949 9,563 6,410
Income tax expense 729 383 2,306 1,274
Net Income 2,306 1,566 7,257 5,136
Preferred stock dividends and discount accretion 406 289 1,467 869
Net income available to common shareholders $ 1,900 $ 1,277 $ 5,790 $ 4,267
Earnings per common share, basic $ 0.25 $ 0.17 $ 0.75 $ 0.55
Earnings per common share, diluted $ 0.21 $ 0.17 $ 0.64 $ 0.55