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Consolidated Statements Of Income (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Interest income:      
Interest and fees on loans $ 36,320 $ 37,200 $ 36,751
Interest and dividends on investment securities:      
Taxable interest income 13,278 10,588 12,727
Non-taxable interest income 1,700 220 989
Dividends 629 706 643
Total interest income 51,927 48,714 51,110
Interest expense:      
Interest on certificates of deposit $100 & over 1,215 1,301 3,551
Interest on other deposits 4,305 4,705 8,757
Interest on short-term borrowings 79 211 449
Interest on long-term borrowings 6,578 8,568 9,888
Total interest expense 12,177 14,785 22,645
Net interest income 39,750 33,929 28,465
Provision for loan losses 2,448 5,076 4,597
Net interest income, after provision for loan losses 37,302 28,853 23,868
Other income:      
Service charges, commissions and fees 1,896 1,975 1,835
Annuity and insurance 110 123 126
Bank-owned life insurance 1,038 1,226 1,156
Other 800 487 298
Total other-than-temporary impairment losses (342) (8,953) (9,066)
Less: Portion of loss recognized in other comprehensive income (before taxes)   3,377 4,828
Net other-than-temporary impairment losses (342) (5,576) (4,238)
Net gains on sale of investment securities 3,976 4,237 4,729
Net investment securities gains (losses) 3,634 (1,339) 491
Total other income 7,478 2,472 3,906
Other expense:      
Salaries and employee benefits 11,527 10,765 9,915
Occupancy, net 2,021 2,088 2,536
Premises and equipment 926 1,093 1,263
FDIC Insurance 1,712 2,126 2,055
Professional and consulting 1,156 1,121 811
Stationery and printing 368 316 339
Marketing and advertising 131 268 366
Computer expense 1,312 1,366 964
Other real estate owned expense, net 398 284 1,438
Loss on fixed assets, net   427  
Repurchase agreement termination fee   594  
Other 3,892 3,651 3,370
Total other expense 23,443 24,099 23,057
Income before income tax expense 21,337 7,226 4,717
Income tax expense 7,411 222 946
Net Income 13,926 7,004 3,771
Preferred stock dividends and accretion 820 581 567
Net income available to common stockholders $ 13,106 $ 6,423 $ 3,204
Earnings per common share:      
Basic $ 0.80 $ 0.43 $ 0.24
Diluted $ 0.80 $ 0.43 $ 0.24
Weighted average common shares outstanding:      
Basic 16,295,761 15,025,870 13,382,614
Diluted 16,314,899 15,027,159 13,385,416