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Condensed Consolidated Statements of Income (unaudited) (USD $)
In Thousands, except Per Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Interest income:    
Interest and fees on loans$ 11,204$ 10,208$ 33,947$ 29,944
Interest on investment securities2,8912,1738,0636,589
Interest on certificates of deposit investments20266088
Interest on federal funds sold15215558
Interest on deposits with other financial institutions383619466
Total interest income14,16812,46442,31936,745
Interest expense:    
Interest on deposits1,6632,1415,2606,412
Interest on securities sold under agreements to repurchase473612297
Interest on FHLB borrowings185234579859
Interest on other borrowings0708
Interest on subordinated debentures131268632790
Total interest expense2,0262,6866,5938,166
Net interest income12,1429,77835,72628,579
Provision for loan losses7288842,5842,727
Net interest income after provision for loan losses11,4148,89433,14225,852
Other income:    
Trust revenues6616192,1811,838
Brokerage commissions178130485395
Insurance commissions3853651,5031,453
Service charges1,2861,1903,5833,447
Securities gains, net35297412543
Total other-than-temporary impairment losses(338)(1,047)(584)(1,599)
Portion of loss recognized in other comprehensive loss06220196
Other-than-temporary impairment losses recognized in earnings(338)(425)(584)(1,403)
Mortgage banking revenue, net189231428432
ATM / debit card revenue8827032,6032,013
Other4225421,1531,045
Total other income3,7003,65211,7649,763
Other expense:    
Salaries and employee benefits5,4244,42316,48313,078
Net occupancy and equipment expense2,0581,4836,0084,046
Net other real estate owned expense4555731,052720
FDIC insurance2173749371,036
Amortization of intangible assets286176858528
Stationery and supplies143168432417
Legal and professional5867111,6661,842
Marketing and donations320212779622
Other1,3751,4163,9523,745
Total other expense10,8649,53632,16726,034
Income before income taxes4,2503,01012,7399,581
Income taxes1,5719984,6373,239
Net income2,6792,0128,1026,342
Dividends on preferred shares9195542,6371,685
Net income available to common stockholders$ 1,760$ 1,458$ 5,465$ 4,657
Per share data:    
Basic net income per common share available to common stockholders$ 0.29$ 0.24$ 0.90$ 0.76
Diluted net income per common share available to common stockholders$ 0.29$ 0.24$ 0.90$ 0.76
Cash dividends declared per common share$ 0.00$ 0.00$ 0.19$ 0.19