XML 20 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 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Interest and fees on loans and leases:        
Taxable $ 15,809 $ 16,413 $ 31,751 $ 32,750
Exempt from federal income taxes 1,130 1,229 2,244 2,422
Total interest and fees on loans and leases 16,939 17,642 33,995 35,172
Interest and dividends on investment securities:        
Taxable 1,432 1,481 2,804 3,234
Exempt from federal income taxes 1,044 1,097 2,070 2,207
Other interest income 46 38 81 76
Total interest income 19,461 20,258 38,950 40,689
Interest expense        
Interest on deposits 1,155 1,654 2,395 3,507
Interest on short-term borrowings 15 156 32 262
Interest on long-term borrowings 183 301 472 609
Total interest expense 1,353 2,111 2,899 4,378
Net interest income 18,108 18,147 36,051 36,311
Provision for loan and lease losses 3,446 1,343 5,520 5,443
Net interest income after provision for loan and lease losses 14,662 16,804 30,531 30,868
Noninterest income        
Trust fee income 1,779 1,625 3,513 3,250
Service charges on deposit accounts 1,098 1,079 2,184 2,179
Investment advisory commission and fee income 1,811 1,350 3,512 2,606
Insurance commission and fee income 2,598 2,057 5,316 4,324
Other service fee income 1,827 1,368 3,525 2,890
Bank owned life insurance income 413 336 917 1,842
Other-than-temporary impairment on equity securities   (6)   (9)
Net gain on sales of investment securities 1,339 24 1,524 282
Net gain on mortgage banking activities 1,416 1,074 3,112 2,346
Net loss on dispositions of fixed assets (6) (10) (6) (9)
Net gain (loss) on sales and write-downs of other real estate owned 252 (1,071) 252 (1,102)
Loss on termination of interest rate swap (1,866)   (1,866)  
Other 330 174 483 422
Total noninterest income 10,991 8,000 22,466 19,021
Noninterest expense        
Salaries and benefits 9,359 9,100 19,219 19,241
Commissions 2,388 1,633 4,503 3,055
Net occupancy 1,408 1,402 2,807 2,796
Equipment 1,212 1,111 2,394 2,145
Marketing and advertising 497 584 862 903
Deposit insurance premiums 400 429 792 873
Restructuring charges     539  
Other 4,022 4,377 8,406 8,499
Total noninterest expense 19,286 18,636 39,522 37,512
Income before income taxes 6,367 6,168 13,475 12,377
Income taxes 1,537 1,405 3,247 2,351
Net income $ 4,830 $ 4,763 $ 10,228 $ 10,026
Net income per share:        
Basic $ 0.29 $ 0.28 $ 0.61 $ 0.60
Diluted $ 0.29 $ 0.28 $ 0.61 $ 0.60
Dividends declared $ 0.20 $ 0.20 $ 0.40 $ 0.40