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Consolidated Statements of Income Statement (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Interest Income:      
Interest and fees on loans $ 49,410 $ 57,332 $ 64,701
Interest and dividends on taxable investment securities 24,149 29,558 34,522
Interest on tax-exempt investment securities 1,550 2,354 2,811
Other interest income 24 91 71
Total interest income 75,133 89,335 102,105
Interest Expense:      
Interest on deposits 13,930 19,122 26,123
Interest on short-term borrowings 103 262 482
Interest on long-term borrowings 5,142 8,063 11,677
Interest on junior subordinated notes held by subsidiary trust 1,979 1,986 1,980
Total interest expense 21,154 29,433 40,262
Net interest income 53,979 59,902 61,843
Provision for loan losses 7,998 26,916 25,721
Net interest income after provision for loan losses 45,981 32,986 36,122
Gross impairment losses on investment securities 0 (1,620) (7,406)
Less: Non-credit losses included in other comprehensive income 0 166 301
Net impairment losses on investment securities 0 (1,786) (7,707)
Other Income:      
Deposit account service charges 9,765 9,581 10,390
Insurance income 9,265 8,846 9,390
Trust and investment income 5,548 5,348 4,722
Electronic banking income 5,142 4,686 3,954
Mortgage banking income 1,687 1,566 1,719
Bank owned life insurance 351 608 1,051
Net gain on investment securities 473 6,852 1,446
Net loss on asset disposals and other transactions (916) (6,891) (103)
Other non-interest income 1,186 999 824
Total other income 32,501 31,595 33,393
Other Expenses:      
Salaries and employee benefit costs 33,626 29,222 29,394
Net occupancy and equipment 5,885 5,781 5,756
Professional fees 3,531 3,108 3,042
FDIC insurance 1,867 2,470 3,442
Electronic banking expense 2,692 2,453 2,401
Data processing and software 1,893 2,032 2,417
Foreclosed real estate and other loan expenses 1,213 1,675 1,067
Franchise tax 1,505 1,576 1,601
Amortization of other intangible assets 586 918 1,252
Communication expense 1,223 1,188 1,270
Other non-interest expense 7,310 6,619 7,040
Total other expenses 61,331 57,042 58,682
Income before income taxes 17,151 5,753 3,126
Income taxes expense (benefit) 4,596 172 (1,064)
Net income 12,555 5,581 4,190
Preferred dividends 1,343 2,052 1,876
Net income available to common shareholders $ 11,212 $ 3,529 $ 2,314
Earnings per common share - basic $ 1.07 $ 0.34 $ 0.22
Earnings per common share - diluted $ 1.07 $ 0.34 $ 0.22
Weighted-average number of common shares outstanding - basic 10,482,318 10,424,474 10,363,975
Weighted-average number of common shares outstanding - diluted 10,482,318 10,431,990 10,374,792