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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
INTEREST INCOME        
Interest and Fees on Loans $ 15,307 $ 15,082 $ 45,227 $ 46,380
Interest on Federal Funds Sold and Other Short-term Investments 2 11 25 84
Interest and Dividends on Securities:        
Taxable 2,768 3,235 8,380 9,982
Non-taxable 735 625 2,008 1,797
TOTAL INTEREST INCOME 18,812 18,953 55,640 58,243
INTEREST EXPENSE        
Interest on Deposits 1,145 1,622 3,533 5,523
Interest on FHLB Advances and Other Borrowings 475 938 1,978 3,066
TOTAL INTEREST EXPENSE 1,620 2,560 5,511 8,589
NET INTEREST INCOME 17,192 16,393 50,129 49,654
Provision for Loan Losses (400) 640 (250) 1,721
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 17,592 15,753 50,379 47,933
NON-INTEREST INCOME        
Trust and Investment Product Fees 802 659 2,433 2,019
Service Charges on Deposit Accounts 1,029 1,049 3,034 3,001
Insurance Revenues 1,495 1,469 4,658 4,218
Company Owned Life Insurance 233 213 716 723
Interchange Fee Income 449 418 1,392 1,309
Other Operating Income 395 811 1,547 1,500
Net Gains on Sales of Loans 613 941 2,176 2,330
Net Gains on Securities 428 598 1,508 692
TOTAL NON-INTEREST INCOME 5,444 6,158 17,464 15,792
NON-INTEREST EXPENSE        
Salaries and Employee Benefits 7,515 7,261 22,926 21,409
Occupancy Expense 1,155 1,066 3,359 3,219
Furniture and Equipment Expense 736 650 2,229 2,054
FDIC Premiums 261 271 776 851
Data Processing Fees 383 311 1,085 746
Professional Fees 970 585 2,156 1,777
Advertising and Promotion 447 439 1,453 1,208
Intangible Amortization 329 405 1,044 1,269
Other Operating Expenses 1,788 1,740 5,279 5,211
TOTAL NON-INTEREST EXPENSE 13,584 12,728 40,307 37,744
Income before Income Taxes 9,452 9,183 27,536 25,981
Income Tax Expense 2,969 2,891 8,712 8,120
NET INCOME $ 6,483 $ 6,292 $ 18,824 $ 17,861
Basic Earnings Per Share $ 0.51 $ 0.50 $ 1.49 $ 1.42
Diluted Earnings Per Share $ 0.51 $ 0.50 $ 1.48 $ 1.41
Dividends Per Share $ 0.15 $ 0.14 $ 0.45 $ 0.42