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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 $ 5,821 $ 5,865 $ 16,885 $ 17,333
Securities:        
Taxable 617 509 1,779 1,566
Tax-exempt 377 383 1,132 1,133
Other interest and dividends 18 15 60 56
Total interest and dividend income 6,833 6,772 19,856 20,088
Interest expense:        
Deposits 703 738 2,132 2,279
FHLB advances 118 323 534 977
Other borrowings 154 165 464 490
Senior subordinated notes 38 38 113 147
Junior subordinated debentures 86 86 255 255
Total interest expense 1,099 1,350 3,498 4,148
Net interest income 5,734 5,422 16,358 15,940
Provision for loan losses 140 3,340 420 4,015
Net interest income after provision for loan losses 5,594 2,082 15,938 11,925
Noninterest income:        
Service fees 448 422 1,223 1,170
Mortgage banking 375 384 965 1,338
Investment and insurance sales commissions 225 204 718 695
Net gain on sale of securities          12
Increase in cash surrender value of life insurance 103 102 302 300
Other noninterest income 330 299 962 834
Total noninterest income 1,481 1,411 4,170 4,349
Noninterest expense:        
Salaries and employee benefits 2,489 2,031 7,282 6,609
Occupancy and facilities 454 408 1,361 1,324
Loss on foreclosed assets 47 144 121 294
Data processing and other office operations 503 449 1,732 1,403
Advertising and promotion 82 80 257 234
FDIC insurance premiums 145 100 424 311
Other noninterest expenses 741 605 2,239 1,940
Total noninterest expense 4,461 3,817 13,416 12,115
Income (loss) before provision for income taxes 2,614 (324) 6,692 4,159
Provision (credit) for income taxes 832 (337) 2,057 976
Net income $ 1,782 $ 13 $ 4,635 $ 3,183
Basic earnings per share $ 1.08 $ 0.01 $ 2.80 $ 1.93
Diluted earnings per share $ 1.08 $ 0.01 $ 2.80 $ 1.93