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Consolidated Statements of Income (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Interest Income:        
Interest and fees on loans $ 11,958 $ 11,911 $ 34,945 $ 35,714
Interest and dividends on taxable investment securities 4,119 4,658 12,493 15,104
Interest on tax-exempt investment securities 410 368 1,183 1,064
Other interest income 22 5 65 13
Total interest income 16,509 16,942 48,686 51,895
Interest Expense:        
Interest on deposits 1,674 2,171 5,411 7,007
Interest on short-term borrowings 28 19 63 57
Interest on long-term borrowings 1,131 936 3,406 2,984
Interest on junior subordinated notes held by subsidiary trust 0 495 0 1,482
Total interest expense 2,833 3,621 8,880 11,530
Net interest income 13,676 13,321 39,806 40,365
(Recovery of) provision for loan losses (919) (956) (3,446) (4,213)
Net interest income after (recovery of) provision for loan losses 14,595 14,277 43,252 44,578
Other Income:        
Insurance income 3,261 2,367 9,359 7,756
Deposit account service charges 2,377 2,261 6,479 6,728
Trust and investment income 1,751 1,565 5,225 4,510
Electronic banking income 1,547 1,484 4,527 4,436
Mortgage banking income 360 638 1,443 1,869
Net (loss) gain on investment securities (1) 112 443 3,275
Net loss on asset disposals and other transactions (19) (161) (30) (3,266)
Other non-interest income 290 257 841 853
Total other income 9,566 8,523 28,287 26,161
Other Expenses:        
Salaries and employee benefit costs 9,358 8,051 27,009 24,711
Net occupancy and equipment 1,637 1,423 5,121 4,358
Professional fees 1,188 1,172 3,084 3,189
Electronic banking expense 920 887 2,645 2,451
Marketing expense 547 534 1,559 1,490
Data processing and software 530 470 1,479 1,442
Franchise tax 412 415 1,238 1,241
Communication expense 342 294 1,006 930
FDIC insurance 224 257 754 789
Foreclosed real estate and other loan expenses 243 263 683 739
Amortization of other intangible assets 180 134 533 350
Other non-interest expense 1,682 1,766 4,759 4,678
Total other expenses 17,263 15,666 49,870 46,368
Income before income taxes 6,898 7,134 21,669 24,371
Income tax expense 4,381 2,310 9,209 7,860
Net income 2,517 4,824 12,460 16,511
Earnings per common share - basic $ 0.24 $ 0.45 $ 1.17 $ 1.56
Earnings per common share - diluted $ 0.23 $ 0.45 $ 1.16 $ 1.56
Weighted-average shares outstanding 10,589,126 10,530,800 10,574,130 10,522,874
Weighted-average diluted shares outstanding 10,692,555 10,530,876 10,664,999 10,522,905
Cash dividends declared $ 1,513 $ 1,175 $ 4,320 $ 3,522
Cash dividends declared per share $ 0.14 $ 0.11 $ 0.40 $ 0.33