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Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Interest Income        
Interest and Fees on Loans $ 16,303 $ 17,490 $ 32,778 $ 34,997
Interest on Deposits with Banks 15 5 68 39
Interest on Investment Securities:        
Taxable 2,835 2,399 5,643 4,741
Exempt from Federal Tax 660 641 1,290 1,289
Total Interest Income 19,813 20,535 39,779 41,066
Interest Expense        
Deposits 975 1,396 2,032 2,942
Borrowed Funds 493 545 1,036 1,083
Subordinated Debentures 87 82 175 163
Total Interest Expense 1,555 2,023 3,243 4,188
Net Interest Income 18,258 18,512 36,536 36,878
Provision for Loan Losses 280 3,925 500 4,450
Net Interest Income After Provision for Loan Losses 17,978 14,587 36,036 32,428
Non-Interest Income        
Service Charges on Deposit Accounts 1,201 1,365 2,414 2,740
Increase in Cash Surrender Value of Life Insurance 456 459 912 910
Debit Card and ATM Fees 742 708 1,465 1,374
Net (Loss) Gain on Deferred Compensation Investments (312) (15) 619 390
Other 724 478 1,324 915
Total Non-Interest Income 2,811 2,995 6,734 6,329
Non-Interest Expense        
Salaries and Employee Benefits 8,021 7,463 15,942 14,705
Net Gain on Deferred Compensation Investments (312) (15) 619 390
Occupancy 628 613 1,269 1,246
Equipment 878 711 1,596 1,425
ORE Holding Costs 78 367 93 892
FDIC Insurance 243 516 485 990
Other 3,135 1,578 4,789 3,021
Total Non-Interest Expense 12,671 11,233 24,793 22,669
Income Before Income Taxes 8,118 6,349 17,977 16,088
Provision for Income Taxes 2,956 2,194 6,625 5,807
Net Income $ 5,162 $ 4,155 $ 11,352 $ 10,281
Basic Earnings Per Common Share (in dollars per share) $ 6.63 $ 5.33 $ 14.57 $ 13.19