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Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Interest Income      
Loans receivable $ 59,727 $ 50,340 $ 54,738
Investment securities      
Taxable 8,833 10,201 9,605
Tax exempt 3,968 4,073 4,148
Total interest income 72,528 64,614 68,491
Interest Expense      
Deposits 6,206 8,346 10,711
Borrowed funds 6,166 6,334 8,476
Subordinated debentures 1,950 1,821 1,688
Total interest expense 14,322 16,501 20,875
Net Interest Income 58,206 48,113 47,616
Provision for loan losses 3,524 5,282 11,554
Net Interest Income after Provision for Loan Losses 54,682 42,831 36,062
Other Income      
Service charges on deposit accounts 3,470 3,164 3,607
Wire transfer fees 892 619 756
Interchange fees 3,122 2,594 2,247
Fiduciary activities 3,997 3,983 3,979
Gain on sale of investment securities 2 1,777 533
Gain on sale of mortgage loans 14,123 6,449 7,538
Mortgage servicing income net of impairment 234 267 (565)
Increase in cash value of bank owned life insurance 1,025 891 803
Death benefit on bank owned life insurance   453  
Other income 466 102 1,008
Total other income 27,331 20,299 19,906
Other Expenses      
Salaries and employee benefits 28,383 22,875 22,090
Net occupancy expenses 4,529 4,267 4,195
Data processing 2,717 2,006 1,925
Professional fees 1,990 1,497 1,701
Outside services and consultants 2,313 1,741 1,694
Loan expense 4,276 3,586 3,208
FDIC insurance expense 1,108 1,220 1,635
Other losses 619 2,383 504
Other expenses 8,089 6,572 5,619
Total other expenses 54,024 46,147 42,571
Income Before Income Tax 27,989 16,983 13,397
Income tax expense 8,446 4,186 2,942
Net Income 19,543 12,797 10,455
Preferred stock dividend and discount accretion (481) (1,325) (1,406)
Net Income Available to Common Shareholders $ 19,062 $ 11,472 $ 9,049
Basic Earnings Per Share $ 2.39 $ 1.55 $ 1.23
Diluted Earnings Per Share $ 2.30 $ 1.51 $ 1.21