Summarized Quarterly Financial Information

12 Months Ended

Dec. 31, 2011

Summarized Quarterly Financial Information [Abstract]

Summarized Quarterly Financial Information

Note Twenty-Two

Summarized Quarterly Financial

Information (Unaudited)

A summary of selected quarterly financial information for 2011 and 2010 follows:

	First			Second			Third			Fourth
(in thousands, except per share data)	Quarter			Quarter			Quarter			Quarter
2011
Interest income	$	28,754		$	28,323		$	28,370		$	27,441
Taxable equivalent adjustment		248			240			212			215
Interest income (FTE)		29,002			28,563			28,582			27,656
Interest expense		5,940			5,803			4,799			4,216
Net interest income		23,062			22,760			23,783			23,440
Provision for loan losses		1,086			1,286			-			2,229
Investment securities gains (losses)		0			3,128			272			(917	)
Noninterest income		12,662			13,409			13,259			13,045
Noninterest expense		19,858			22,912			19,688			18,685
Income  before income tax expense		14,780			15,099			17,626			14,654
Income tax expense		4,918			5,029			5,837			4,787
Taxable equivalent adjustment		248			240			212			215
Net income	$	9,614		$	9,830		$	11,577		$	9,652
Net earnings available to common shareholders	$	9,546		$	9,761		$	11,494		$	9,582
Basic earnings  per common share	$	0.62		$	0.65		$	0.77		$	0.65
Diluted earnings per common share		0.62			0.64			0.76			0.65
Average common shares outstanding:
Basic		15,380			15,120			15,003			14,743
Diluted		15,462			15,193			15,071			14,814
2010
Interest income	$	30,935		$	31,770		$	29,970		$	29,241
Taxable equivalent adjustment		255			246			244			244
Interest income (FTE)		31,190			32,016			30,214			29,485
Interest expense		7,444			7,092			6,810			6,282
Net interest income		23,746			24,924			23,404			23,203
Provision for loan losses		1,080			1,823			1,847			2,343
Investment securities losses		(1,651	)		(231	)		(1,566	)		(1,219	)
Noninterest income		13,763			13,509			13,209			13,125
Noninterest expense		20,551			19,965			19,804			18,401
Income  before income tax expense		14,227			16,414			13,396			14,365
Income tax expense		4,659			5,453			4,129			4,212
Taxable equivalent adjustment		255			246			244			244
Net income	$	9,313		$	10,715		$	9,023		$	9,909
Net earnings available to common shareholders	$	9,263		$	10,647		$	8,970		$	9,849
Basic earnings  per common share	$	0.59		$	0.68		$	0.58		$	0.64
Diluted earnings per common share		0.58			0.68			0.58			0.64
Average common shares outstanding:
Basic		15,793			15,656			15,496			15,439
Diluted		15,851			15,721			15,552			15,508