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Consolidated Statements of Income and Comprehensive Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
INTEREST INCOME        
Interest and Fees on Loans $ 15,082 $ 15,933 $ 46,380 $ 48,620
Interest on Federal Funds Sold and Other Short-term Investments 11 48 84 179
Interest and Dividends on Securities:        
Taxable 3,235 3,645 9,982 10,075
Non-taxable 625 479 1,797 1,271
TOTAL INTEREST INCOME 18,953 20,105 58,243 60,145
INTEREST EXPENSE        
Interest on Deposits 1,622 2,823 5,523 9,464
Interest on FHLB Advances and Other Borrowings 938 1,079 3,066 3,107
TOTAL INTEREST EXPENSE 2,560 3,902 8,589 12,571
NET INTEREST INCOME 16,393 16,203 49,654 47,574
Provision for Loan Losses 640 1,300 1,721 3,900
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 15,753 14,903 47,933 43,674
NON-INTEREST INCOME        
Trust and Investment Product Fees 659 602 2,019 1,561
Service Charges on Deposit Accounts 1,049 1,120 3,001 3,135
Insurance Revenues 1,469 1,261 4,218 4,600
Company Owned Life Insurance 213 233 723 836
Interchange Fee Income 418 395 1,309 1,126
Other Operating Income 811 86 1,500 982
Net Gains on Sales of Loans 941 863 2,330 1,651
Net Gains on Securities 598 0 692 1,045
TOTAL NON-INTEREST INCOME 6,158 4,560 15,792 14,936
NON-INTEREST EXPENSE        
Salaries and Employee Benefits 7,261 6,687 21,409 20,810
Occupancy Expense 1,066 1,142 3,219 3,216
Furniture and Equipment Expense 650 621 2,054 2,243
FDIC Premiums 271 295 851 1,191
Data Processing Fees 311 321 746 1,821
Professional Fees 585 526 1,777 1,630
Advertising and Promotion 439 383 1,208 1,000
Intangible Amortization 405 480 1,269 1,495
Other Operating Expenses 1,740 1,550 5,211 4,740
TOTAL NON-INTEREST EXPENSE 12,728 12,005 37,744 38,146
Income before Income Taxes 9,183 7,458 25,981 20,464
Income Tax Expense 2,891 2,291 8,120 5,788
NET INCOME 6,292 5,167 17,861 14,676
Other Comprehensive Income:        
Changes in Unrealized Gain on Securities Available-for-Sale, Net 1,186 3,427 2,365 9,097
Total Other Comprehensive Income 1,186 3,427 2,365 9,097
COMPREHENSIVE INCOME $ 7,478 $ 8,594 $ 20,226 $ 23,773
Basic Earnings Per Share $ 0.50 $ 0.41 $ 1.42 $ 1.17
Diluted Earnings Per Share $ 0.50 $ 0.41 $ 1.41 $ 1.17
Dividends Per Share $ 0.14 $ 0.14 $ 0.42 $ 0.42