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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Interest income:        
Loans $ 17,403 $ 18,716 $ 52,493 $ 57,642
Mortgage-backed securities 1,865 2,065 5,540 6,618
Investment securities and other 716 733 2,163 2,166
Total interest income 19,984 21,514 60,196 66,426
Interest expense:        
Deposits 1,107 1,907 3,607 5,960
Borrowed funds 1,333 1,607 4,312 4,971
Total interest expense 2,440 3,514 7,919 10,931
Net interest income 17,544 18,000 52,277 55,495
Provision for loan losses 700 1,400 2,600 4,800
Net interest income after provision for loan losses 16,844 16,600 49,677 50,695
Other income:        
Bankcard services revenue 943 852 2,675 2,237
Trust and asset management revenue 628 388 1,583 1,091
Fees and service charges 2,247 1,873 6,037 5,710
Loan servicing income 200 130 528 409
Net gain on sales of investment securities available-for-sale     42 226
Net gain on sales of loans available-for-sale 316 1,218 877 3,136
Net (loss) gain from other real estate operations (188) 40 (112) (57)
Income from Bank Owned Life Insurance 419 376 1,067 977
Other 1 1 20 5
Total other income 4,566 4,878 12,717 13,734
Operating expenses:        
Compensation and employee benefits 7,397 7,347 21,014 20,978
Occupancy 1,364 1,279 4,104 3,897
Equipment 675 662 2,003 1,892
Marketing 444 451 1,142 1,231
Federal deposit insurance 538 533 1,598 1,587
Data processing 1,067 914 3,002 2,738
Check card processing 454 425 1,288 1,061
Professional fees 358 731 1,673 1,909
Other operating expense 1,487 1,497 4,350 4,353
Total operating expenses 13,784 13,839 40,174 39,646
Income before provision for income taxes 7,626 7,639 22,220 24,783
Provision for income taxes 2,658 2,680 7,828 8,804
Net income $ 4,968 $ 4,959 $ 14,392 $ 15,979
Basic earnings per share $ 0.29 $ 0.28 $ 0.84 $ 0.90
Diluted earnings per share $ 0.29 $ 0.28 $ 0.84 $ 0.89
Average basic shares outstanding 17,047 17,561 17,145 17,837
Average diluted shares outstanding 17,210 17,621 17,194 17,896