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Consolidated Condensed Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Interest Income        
Loans $ 16,878 $ 17,047 $ 33,529 $ 33,843
Investment securities:        
Taxable 852 674 1,627 1,352
Non-taxable 756 732 1,508 1,457
Interest-bearing deposits 118 72 219 130
FHLB stock dividends 170 207 365 426
Total interest income 18,774 18,732 37,248 37,208
Interest Expense        
Deposits 1,327 1,511 2,685 3,158
FHLB advances and other 133 92 266 182
Subordinated debentures 146 150 292 302
Notes payable 39 61 80 121
Total interest expense 1,645 1,814 3,323 3,763
Net interest income 17,129 16,918 33,925 33,445
Provision for loan losses 446 448 549 873
Net interest income after provision for loan losses 16,683 16,470 33,376 32,572
Non-interest Income        
Service fees and other charges 2,508 2,549 4,832 4,934
Insurance and investment commission income 2,244 2,277 5,274 5,313
Mortgage banking income 1,540 2,443 2,787 5,273
Gain on sale of non-mortgage loans 36 2 39 17
Gain on sale or call of securities 471 44 471 97
Trust income 302 238 580 444
Income from Bank Owned Life Insurance 235 231 454 460
Other non-interest income 281 114 506 365
Total non-interest income 7,617 7,898 14,943 16,903
Non-interest Expense        
Compensation and benefits 8,709 8,475 17,181 17,273
Occupancy 1,704 1,670 3,292 3,303
FDIC insurance premium 353 275 738 931
State franchise tax 514 627 1,009 1,256
Data processing 1,479 1,313 2,844 2,494
Amortization of intangibles 274 313 563 648
Other non-interest expense 3,324 3,051 7,391 7,061
Total non-interest expense 16,357 15,724 33,018 32,966
Income before income taxes 7,943 8,644 15,301 16,509
Federal income taxes 2,254 2,535 4,433 4,841
Net Income $ 5,689 $ 6,109 $ 10,868 $ 11,668
Earnings per common share (Note 6)        
Basic (in dollars per share) $ 0.59 $ 0.63 $ 1.13 $ 1.20
Diluted (in dollars per share) $ 0.57 $ 0.60 $ 1.08 $ 1.15
Dividends declared per share (Note 5) (in dollars per share) $ 0.15 $ 0.10 $ 0.30 $ 0.20
Average common shares outstanding (Note 6)        
Basic (in shares) 9,607 9,774 9,644 9,755
Diluted (in shares) 10,066 10,156 10,096 10,130