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Consolidated Statements of Income (Unaudited) Statement (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Interest Income:    
Interest and fees on loans $ 11,760 $ 12,678
Interest and dividends on taxable investment securities 5,507 6,203
Interest on tax-exempt investment securities 341 425
Other interest income 4 11
Total interest income 17,612 19,317
Interest Expense:    
Interest on deposits 2,547 3,985
Interest on short-term borrowings 19 35
Interest on long-term borrowings 1,119 1,310
Interest on junior subordinated notes held by subsidiary trust 495 492
Total interest expense 4,180 5,822
Net interest income 13,432 13,495
Provision for loan losses 2,137 (5,311)
Net interest income after provision for loan losses 15,569 8,184
Other Income:    
Deposit account service charges 2,237 2,174
Insurance income 2,951 2,832
Trust and investment income 1,496 1,325
Electronic banking income 1,488 1,221
Mortgage banking income 549 374
Bank owned life insurance 8 87
Net gain on investment securities 3,163 360
Net loss on assets (3,062) 60
Other non-interest income 353 361
Total other income 9,183 8,794
Other Expenses:    
Salaries and employee benefit costs 8,245 7,627
Net occupancy and equipment 1,432 1,501
Professional fees 813 795
Electronic banking expense 694 618
Data processing and software 487 463
Franchise tax 412 401
Communication expense 348 314
FDIC insurance 309 662
Foreclosed real estate and other loan expenses 221 350
Amortization of other intangible assets 107 162
Other non-interest expense 1,948 1,725
Total other expenses 15,016 14,618
Income (loss) before income taxes 9,736 2,360
Income taxes (benefit) expense (3,079) (491)
Net income 6,657 1,869
Preferred dividends 0 (523)
Net (loss) income available to common shareholders 6,657 1,346
Earnings per common share - basic $ 0.63 $ 0.13
Earnings per common share - diluted $ 0.63 $ 0.13
Weighted-average number of common shares outstanding - basic 10,513,388 10,471,819
Weighted-average number of common shares outstanding - diluted 10,513,388 10,477,360
Cash dividends declared on common shares $ 1,172 $ 1,058
Cash dividends declared per common share $ 0.11 $ 0.10