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Consolidated Statements Of Income (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Interest Income        
Interest and fees on loans $ 23,352 $ 25,991 $ 47,090 $ 50,845
Interest on investment securities:        
Taxable 4,513 5,317 9,055 10,928
Tax-exempt 445 461 907 931
Interest on federal funds sold 13 1 26 1
Total Interest Income 28,323 31,770 57,078 62,705
Interest Expense        
Interest on deposits 5,568 6,831 11,279 14,015
Interest on short-term borrowings 77 98 149 198
Interest on long-term debt 158 163 315 323
Total Interest Expense 5,803 7,092 11,743 14,536
Net Interest Income 22,520 24,678 45,335 48,169
Provision for loan losses 1,286 1,823 2,372 2,903
Net Interest Income After Provision for Loan Losses 21,234 22,855 42,963 45,266
Non-interest Income        
Total investment securities impairment losses   (1,237)   (4,440)
Noncredit impairment losses recognized in other comprehensive income   944   2,496
Net investment securities impairment losses   (293)   (1,944)
Gains on sale of investment securities 3,128 62 3,128 62
Net investment securities gains (losses) 3,128 (231) 3,128 (1,882)
Service charges 9,855 10,448 18,909 20,676
Insurance commissions 1,504 1,244 3,125 2,641
Trust and investment management fee income 730 567 1,483 1,429
Bank owned life insurance 745 813 1,503 1,541
Other income 575 437 1,051 985
Total Non-interest Income 16,537 13,278 29,199 25,390
Non-interest Expense        
Salaries and employee benefits 10,183 9,745 20,095 19,494
Occupancy and equipment 1,921 1,874 4,027 3,919
Depreciation 1,140 1,174 2,276 2,392
FDIC insurance expense 932 918 1,884 1,813
Advertising 628 1,241 1,308 2,154
Bankcard expenses 633 448 1,134 924
Postage, delivery, and statement mailings 510 615 1,064 1,224
Office supplies 452 484 991 977
Legal and professional fees 3,511 398 3,980 761
Telecommunications 417 440 846 891
Repossessed asset (gains) losses, net of expenses (7) 78 191 1,024
Other expenses 2,592 2,550 4,974 4,943
Total Non-interest Expense 22,912 19,965 42,770 40,516
Income Before Income Taxes 14,859 16,168 29,392 30,140
Income tax expense 5,029 5,453 9,947 10,112
Net Income Available to Common Shareholders $ 9,830 $ 10,715 $ 19,445 $ 20,028
Basic earnings per common share $ 0.65 $ 0.68 $ 1.27 $ 1.27
Diluted earnings per common share $ 0.64 $ 0.68 $ 1.26 $ 1.26
Dividends declared per common share $ 0.34 $ 0.34 $ 0.68 $ 0.68
Average common shares outstanding:        
Basic 15,120 15,656 15,244 15,722
Diluted 15,193 15,721 15,322 15,785