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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 AND DIVIDEND INCOME:        
Loans including fees $ 11,962 $ 11,815 $ 23,667 $ 23,127
Deposits with banks 40 31 82 63
Securities:        
Taxable 3,693 2,929 6,951 5,269
Tax-exempt 714 547 1,396 1,023
Dividends 8 6 15 14
Total interest and dividend income 16,417 15,328 32,111 29,496
INTEREST EXPENSE:        
Deposits 3,501 3,368 6,936 6,808
Borrowed funds 808 1,079 1,577 2,177
Subordinated debentures 196 196 387 385
Total interest expense 4,505 4,643 8,900 9,370
NET INTEREST INCOME 11,912 10,685 23,211 20,126
PROVISION FOR LOAN LOSSES 992 1,161 1,769 1,746
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 10,920 9,524 21,442 18,380
NON-INTEREST INCOME:        
Wealth and asset management fees 395 429 810 824
Service charges on deposit accounts 1,069 1,052 2,032 1,997
Other service charges and fees 416 373 768 674
Net realized and unrealized losses on securities for which fair value was elected (16) (210) 97 (90)
Mortgage banking 155 48 334 249
Bank owned life insurance 212 200 461 402
Other 385 293 625 553
Total fees and commissions 2,616 2,185 5,127 4,609
Total other-than-temporary impairment losses on available-for-sale securities 0 (318) (398) (1,102)
Less portion of loss recognized in other comprehensive income 0 0 0 0
Net impairment losses recognized in earnings 0 (318) (398) (1,102)
Net realized gains on available-for-sale securities 0 141 74 573
Net impairment losses recognized in earnings and realized gains on available-for-sale securities 0 (177) (324) (529)
Total non-interest income 2,616 2,008 4,803 4,080
NON-INTEREST EXPENSES:        
Salaries and benefits 4,197 3,714 8,440 7,691
Net occupancy expense of premises 1,103 1,016 2,302 2,151
FDIC insurance premiums 280 386 729 775
Amortization of intangibles 0 25 0 50
Other 2,561 2,190 4,961 4,791
Total non-interest expenses 8,141 7,331 16,432 15,458
INCOME BEFORE INCOME TAXES 5,395 4,201 9,813 7,002
INCOME TAX EXPENSE 1,504 1,077 2,645 1,718
NET INCOME $ 3,891 $ 3,124 $ 7,168 $ 5,284
EARNINGS PER SHARE:        
Basic $ 0.32 $ 0.34 $ 0.58 $ 0.59
Diluted $ 0.32 $ 0.34 $ 0.58 $ 0.58
DIVIDENDS PER SHARE:        
Cash dividends per share $ 0.165 $ 0.165 $ 0.33 $ 0.33