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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) (USD $)
In Thousands, except Per Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Interest income:    
Interest and fees on loans$ 25,069$ 25,076$ 74,035$ 73,224
Interest on securities: Taxable4,6405,22714,28217,115
Interest on securities: Nontaxable7467692,2732,308
Dividends on corporate stock and Federal Home Loan Bank stock6455197164
Other interest income15255259
Total interest income30,53431,15290,83992,870
Interest expense:    
Deposits3,8084,74712,04015,847
Federal Home Loan Bank advances4,5395,57413,95617,793
Junior subordinated debentures3934841,1751,561
Other interest expense245246728731
Total interest expense8,98511,05127,89935,932
Net interest income21,54920,10162,94056,938
Provision for loan losses1,0001,5003,7004,500
Net interest income after provision for loan losses20,54918,60159,24052,438
Noninterest income:    
Trust and investment advisory fees5,5475,05217,04515,222
Mutual fund fees1,0351,0843,2933,299
Financial planning, commissions and other service fees2093491,0431,033
Wealth management services6,7916,48521,38119,554
Service charges on deposit accounts8219042,6622,666
Merchant processing fees3,2233,0507,8497,062
Card interchange fees5975071,6651,383
Income from bank-owned life insurance4884861,4461,399
Net gains on loan sales and commissions on loans originated for others1,0771,0112,1391,889
Net realized gains on securities0737197737
Net losses on interest rate swap contracts(47)(60)(6)(113)
Equity in losses of unconsolidated subsidiaries(144)(95)(433)(197)
Other income3084141,2291,102
Noninterest income, excluding other-than-temporary impairment losses13,11413,43938,12935,482
Total other-than-temporary impairment losses on securities00(54)(245)
Portion of loss recognized in other comprehensive income (before taxes)(158)0(137)(172)
Net impairment losses recognized in earnings(158)0(191)(417)
Total noninterest income12,95613,43937,93835,065
Noninterest expense:    
Salaries and employee benefits12,91212,06737,13835,294
Net occupancy1,3621,2023,9193,663
Equipment1,0921,0373,2113,048
Merchant processing costs2,7812,6066,7956,020
Outsourced services8637692,6102,464
FDIC deposit insurance costs4278611,6142,439
Legal, audit and professional fees4304381,3891,364
Advertising and promotion5614671,3411,250
Amortization of intangibles230273705854
Foreclosed property costs45203549326
Debt prepayment penalties0752221752
Other expenses1,8922,1806,1076,041
Total noninterest expense22,59522,85565,59963,515
Income before income taxes10,9109,18531,57923,988
Income tax expense3,3282,8159,6327,148
Net income$ 7,582$ 6,370$ 21,947$ 16,840
Weighted average common shares outstanding - basic16,27816,13116,24216,098
Weighted average common shares outstanding - diluted16,29416,13616,26916,104
Per share information:    
Basic earnings per common share$ 0.46$ 0.39$ 1.35$ 1.04
Diluted earnings per common share$ 0.46$ 0.39$ 1.34$ 1.04
Cash dividends declared per share$ 0.22$ 0.21$ 0.66$ 0.63