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Summarized Quarterly Financial Information (Tables)
12 Months Ended
Dec. 31, 2012
Summarized Quarterly Financial Information [Abstract]  
Summary Of Selected Quarterly Financial Information

 

 

 

 

 

 

 

 

 

 

 

First

 

Second

 

Third

 

Fourth

(in thousands, except per share data)

 

Quarter

 

Quarter

 

Quarter

 

Quarter

 

 

 

2012

 

 

 

 

 

 

 

 

Interest income

$

27,430 

$

27,466 

$

28,432 

$

28,884 

Taxable equivalent adjustment

 

208 

 

198 

 

185 

 

183 

Interest income (FTE)

 

27,638 

 

27,664 

 

28,617 

 

29,067 

Interest expense

 

3,908 

 

3,625 

 

3,557 

 

3,360 

Net interest income

 

23,730 

 

24,039 

 

25,060 

 

25,707 

Provision for loan losses

 

1,950 

 

1,675 

 

975 

 

1,775 

Investment securities gains (losses)

 

(31)

 

528 

 

458 

 

 -

Noninterest income

 

13,149 

 

13,262 

 

13,621 

 

14,266 

Noninterest expense

 

19,515 

 

24,763 

 

21,846 

 

21,273 

Income  before income tax expense

 

15,383 

 

11,391 

 

16,318 

 

16,925 

Income tax expense

 

5,144 

 

3,780 

 

5,526 

 

5,848 

Taxable equivalent adjustment

 

208 

 

198 

 

185 

 

183 

Net income

$

10,031 

$

7,413 

$

10,607 

$

10,894 

 

 

 

 

 

 

 

 

 

Net earnings available to common  shareholders

$

9,955 

$

7,354 

$

10,523 

$

10,809 

 

 

 

 

 

 

 

 

 

Basic earnings  per common share

$

0.68 

$

0.50 

$

0.71 

$

0.73 

Diluted earnings per common share

 

0.67 

 

0.50 

 

0.71 

 

0.73 

Average common shares outstanding:

 

 

 

 

 

 

 

 

Basic

 

14,679 

 

14,680 

 

14,751 

 

14,755 

Diluted

 

14,759 

 

14,759 

 

14,834 

 

14,837 

 

 

 

 

 

 

 

 

 

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 losses

 

 -

 

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