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Condensed Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Interest and dividend income:        
Loans, including fees $ 21,735 $ 22,701 $ 43,457 $ 45,514
Debt securities:        
Taxable 2,347 2,727 4,721 5,482
Tax exempt 136 188 276 396
Dividends 7 6 14 12
Interest bearing cash at Federal Reserve and other banks 242 154 433 308
Total interest and dividend income 24,467 25,776 48,901 51,712
Interest expense:        
Deposits 1,802 2,727 3,629 5,785
Other borrowings 600 602 1,193 1,196
Junior subordinated debt 312 313 622 619
Total interest expense 2,714 3,642 5,444 7,600
Net interest income 21,753 22,134 43,457 44,112
Provision for loan losses 5,561 10,000 12,562 18,500
Net interest income after provision for loan losses 16,192 12,134 30,895 25,612
Noninterest income:        
Service charges and fees 6,121 6,082 11,903 11,817
Gain on sale of loans 495 577 1,220 1,162
Commissions on sale of non-deposit investment products 648 362 1,008 629
Increase in cash value of life insurance 450 426 900 852
Other 537 657 2,570 1,191
Total noninterest income 8,251 8,104 17,601 15,651
Noninterest expense:        
Salaries and related benefits 10,715 9,985 21,508 20,135
Other 9,380 8,423 18,258 17,076
Total noninterest expense 20,095 18,408 39,766 37,211
Income before income taxes 4,348 1,830 8,730 4,052
Provision for income taxes 1,577 510 3,159 1,174
Net income $ 2,771 $ 1,320 $ 5,571 $ 2,878
Earnings per share:        
Basic $ 0.17 $ 0.08 $ 0.35 $ 0.18
Diluted $ 0.17 $ 0.08 $ 0.35 $ 0.18