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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 income:        
Loans $ 17,428 $ 19,121 $ 35,091 $ 38,927
Mortgage-backed securities 2,026 2,235 3,675 4,553
Investment securities and other 707 693 1,447 1,432
Total interest income 20,161 22,049 40,213 44,912
Interest expense:        
Deposits 1,175 2,035 2,501 4,053
Borrowed funds 1,442 1,624 2,979 3,364
Total interest expense 2,617 3,659 5,480 7,417
Net interest income 17,544 18,390 34,733 37,495
Provision for loan losses 800 1,700 1,900 3,400
Net interest income after provision for loan losses 16,744 16,690 32,833 34,095
Other income:        
Loan servicing income 172 141 328 279
Trust and asset management revenue 528 369 955 703
Fees and service charges 2,856 2,613 5,522 5,223
Net gain on sales of investment securities available for sale 42 226 42 226
Net gain on sales of loans available for sale 735 947 561 1,918
Net gain (loss) from other real estate operations 74 (47) 77 (98)
Income from Bank Owned Life Insurance 332 295 647 601
Other 2 1 18 3
Total other income 4,741 4,545 8,150 8,855
Operating expenses:        
Compensation and employee benefits 7,039 6,794 13,617 13,631
Occupancy 1,376 1,314 2,739 2,618
Equipment 690 635 1,328 1,230
Marketing 447 435 697 780
Federal deposit insurance 536 522 1,060 1,054
Data processing 962 881 1,935 1,824
Check card processing 423 337 834 636
Professional fees 703 526 1,314 1,178
Other operating expense 1,548 1,423 2,865 2,856
Total operating expenses 13,724 12,867 26,389 25,807
Income before provision for income taxes 7,761 8,368 14,594 17,143
Provision for income taxes 2,774 2,995 5,170 6,123
Net income $ 4,987 $ 5,373 $ 9,424 $ 11,020
Basic earnings per share $ 0.29 $ 0.30 $ 0.55 $ 0.61
Diluted earnings per share $ 0.29 $ 0.30 $ 0.55 $ 0.61
Average basic shares outstanding 17,105 17,889 17,194 17,977
Average diluted shares outstanding 17,144 17,930 17,233 18,018