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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, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Interest Income        
Interest and fees on loans $ 23,143 $ 23,352 $ 46,210 $ 47,090
Interest on investment securities:        
Taxable 3,943 4,513 7,907 9,055
Tax-exempt 368 445 755 907
Interest on federal funds sold 12 13 23 26
Total Interest Income 27,466 28,323 54,895 57,078
Interest Expense        
Interest on deposits 3,383 5,568 7,051 11,279
Interest on short-term borrowings 77 77 150 149
Interest on long-term debt 165 158 333 315
Total Interest Expense 3,625 5,803 7,534 11,743
Net Interest Income 23,841 22,520 47,361 45,335
Provision for loan losses 1,675 1,286 3,625 2,372
Net Interest Income After Provision for Loan Losses 22,166 21,234 43,736 42,963
Non-interest Income        
Total investment securities impairment losses (606)    (606)   
Noncredit impairment losses recognized in other comprehensive income 302    (302)   
Net investment securities impairment losses (304)    (304)   
Gains on sale of investment securities 832 3,128 801 3,128
Net investment securities gains 528 3,128 497 3,128
Service charges 9,649 9,855 18,739 18,909
Insurance commissions 1,347 1,504 3,343 3,125
Trust and investment management fee income 942 730 1,749 1,483
Bank owned life insurance 766 745 1,489 1,503
Other income 558 575 1,091 1,051
Total Non-interest Income 13,790 16,537 26,908 29,199
Non-interest Expense        
Salaries and employee benefits 10,668 10,183 20,913 20,095
Occupancy and equipment 1,978 1,921 3,913 4,027
Depreciation 1,109 1,140 2,195 2,276
FDIC insurance expense 394 932 779 1,884
Advertising 675 628 1,319 1,308
Bankcard expenses 694 633 1,314 1,134
Postage, delivery, and statement mailings 488 510 1,036 1,064
Office supplies 396 452 851 991
Legal and professional fees 421 3,511 738 3,980
Telecommunications 387 417 776 846
Repossessed asset losses (gains), net of expenses 650 (7) 771 191
Merger related costs 4,042   4,177  
Other expenses 2,861 2,592 5,496 4,974
Total Non-interest Expense 24,763 22,912 44,278 42,770
Income Before Income Taxes 11,193 14,859 26,366 29,392
Income tax expense 3,780 5,029 8,924 9,947
Net Income Available to Common Shareholders 7,413 9,830 17,442 19,445
Total comprehensive income $ 6,673 $ 9,897 $ 18,872 $ 20,104
Average common shares outstanding 14,680 15,120 14,676 15,244
Effect of dilutive securities:        
Employee stock options 79 73 84 78
Shares for diluted earnings per share 14,759 15,193 14,760 15,322
Basic earnings per common share $ 0.50 $ 0.65 $ 1.18 $ 1.27
Diluted earnings per common share $ 0.50 $ 0.64 $ 1.17 $ 1.26
Dividends declared per common share $ 0.35 $ 0.34 $ 0.70 $ 0.68