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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
INTEREST INCOME        
Interest and Fees on Loans $ 15,035 $ 15,513 $ 29,920 $ 31,298
Interest on Federal Funds Sold and Other Short-term Investments 13 40 23 73
Interest and Dividends on Securities:        
Taxable 2,771 3,421 5,612 6,747
Non-taxable 639 589 1,273 1,172
TOTAL INTEREST INCOME 18,458 19,563 36,828 39,290
INTEREST EXPENSE        
Interest on Deposits 1,154 1,855 2,388 3,901
Interest on FHLB Advances and Other Borrowings 592 1,059 1,503 2,128
TOTAL INTEREST EXPENSE 1,746 2,914 3,891 6,029
NET INTEREST INCOME 16,712 16,649 32,937 33,261
Provision for Loan Losses (200) 391 150 1,081
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 16,912 16,258 32,787 32,180
NON-INTEREST INCOME        
Trust and Investment Product Fees 814 664 1,631 1,360
Service Charges on Deposit Accounts 1,050 1,017 2,005 1,952
Insurance Revenues 1,379 1,358 3,163 2,749
Company Owned Life Insurance 217 266 483 510
Interchange Fee Income 513 460 943 891
Other Operating Income 861 316 1,152 689
Net Gains on Sales of Loans 809 676 1,563 1,389
Net Gains on Securities 467 76 1,080 94
TOTAL NON-INTEREST INCOME 6,110 4,833 12,020 9,634
NON-INTEREST EXPENSE        
Salaries and Employee Benefits 7,627 6,828 15,411 14,148
Occupancy Expense 1,099 1,061 2,204 2,153
Furniture and Equipment Expense 748 724 1,493 1,404
FDIC Premiums 260 283 515 580
Data Processing Fees 349 321 702 435
Professional Fees 525 587 1,186 1,192
Advertising and Promotion 516 396 1,006 769
Intangible Amortization 348 422 715 864
Other Operating Expenses 1,789 1,801 3,491 3,471
TOTAL NON-INTEREST EXPENSE 13,261 12,423 26,723 25,016
Income before Income Taxes 9,761 8,668 18,084 16,798
Income Tax Expense 3,229 2,701 5,743 5,229
NET INCOME $ 6,532 $ 5,967 $ 12,341 $ 11,569
Basic Earnings Per Share $ 0.52 $ 0.47 $ 0.98 $ 0.92
Diluted Earnings Per Share $ 0.52 $ 0.47 $ 0.97 $ 0.92
Dividends Per Share $ 0.15 $ 0.14 $ 0.30 $ 0.28