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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, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Interest Income        
Interest and Fees on Loans & Leases $ 15,906 $ 16,303 $ 31,351 $ 32,778
Interest on Deposits with Banks 3 15 47 68
Interest on Investment Securities:        
Taxable 2,382 2,835 4,488 5,643
Exempt from Federal Tax 654 660 1,314 1,290
Total Interest Income 18,945 19,813 37,200 39,779
Interest Expense        
Deposits 628 975 1,311 2,032
Borrowed Funds 9 493 9 1,036
Subordinated Debentures 82 87 163 175
Total Interest Expense 719 1,555 1,483 3,243
Net Interest Income 18,226 18,258 35,717 36,536
Provision for Credit Losses 250 280 250 500
Net Interest Income After Provision for Credit Losses 17,976 17,978 35,467 36,036
Non-Interest Income        
Service Charges on Deposit Accounts 1,069 1,201 2,173 2,414
Net Gain on Sale of Investment Securities 154 0 889 0
Increase in Cash Surrender Value of Life Insurance 469 456 926 912
Debit Card and ATM Fees 794 742 1,521 1,465
Net (Loss) Gain on Deferred Compensation Investments (286) (312) 1,404 619
Other 764 724 1,548 1,324
Total Non-Interest Income 2,964 2,811 8,461 6,734
Non-Interest Expense        
Salaries and Employee Benefits 8,895 8,021 16,940 15,942
Net (Loss) Gain on Deferred Compensation Investments (286) (312) 1,404 619
Occupancy 629 628 1,250 1,269
Equipment 678 878 1,373 1,596
Legal Fees 263 30 460 425
FDIC Insurance 246 243 486 485
Other 1,677 3,183 3,148 4,457
Total Non-Interest Expense 12,102 12,671 25,061 24,793
Income Before Income Taxes 8,838 8,118 18,867 17,977
Provision for Income Taxes 3,273 2,956 7,051 6,625
Net Income $ 5,565 $ 5,162 $ 11,816 $ 11,352
Basic Earnings Per Common Share (in dollars per share) $ 7.15 $ 6.63 $ 15.19 $ 14.57