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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Interest income:        
Interest and fees on loans $ 25,840 $ 25,069 $ 76,547 $ 74,035
Interest on securities: Taxable 3,672 4,640 12,118 14,282
Interest on securities: Nontaxable 660 746 2,035 2,273
Dividends on corporate stock and Federal Home Loan Bank stock 52 64 207 197
Other interest income 27 15 64 52
Total interest income 30,251 30,534 90,971 90,839
Interest expense:        
Deposits 3,391 3,808 10,210 12,040
Federal Home Loan Bank advances 3,726 4,539 11,809 13,956
Junior subordinated debentures 393 393 1,176 1,175
Other interest expense 5 245 244 728
Total interest expense 7,515 8,985 23,439 27,899
Net interest income 22,736 21,549 67,532 62,940
Provision for loan losses 600 1,000 2,100 3,700
Net interest income after provision for loan losses 22,136 20,549 65,432 59,240
Noninterest income:        
Trust and investment advisory fees 5,877 5,547 17,474 17,045
Mutual fund fees 1,024 1,035 3,051 3,293
Financial planning, commissions and other service fees 292 209 1,326 1,043
Wealth management services 7,193 6,791 21,851 21,381
Service charges on deposit accounts 833 821 2,356 2,662
Merchant processing fees 3,207 3,223 7,927 7,849
Card interchange fees 675 597 1,844 1,665
Income from bank-owned life insurance 1,006 488 1,969 1,446
Net gains on loan sales and commissions on loans originated for others 3,504 1,077 9,616 2,139
Net realized gains on securities 0 0 299 197
Net gains (losses) on interest rate swap contracts 63 (47) 87 (6)
Equity in earnings (losses) of unconsolidated subsidiaries 27 (144) 114 (433)
Other income 413 308 1,473 1,229
Noninterest income, excluding other-than-temporary impairment losses 16,921 13,114 47,536 38,129
Total other-than-temporary impairment losses on securities 0 0 (85) (54)
Portion of loss recognized in other comprehensive income (before taxes) 0 (158) (124) (137)
Net impairment losses recognized in earnings 0 (158) (209) (191)
Total noninterest income 16,921 12,956 47,327 37,938
Noninterest expense:        
Salaries and employee benefits 15,214 12,912 44,125 37,138
Net occupancy 1,468 1,362 4,521 3,919
Equipment 1,168 1,092 3,418 3,211
Merchant processing costs 2,707 2,781 6,690 6,795
Outsourced services 845 863 2,660 2,610
FDIC deposit insurance costs 427 427 1,311 1,614
Legal, audit and professional fees 598 430 1,599 1,389
Advertising and promotion 445 561 1,295 1,341
Amortization of intangibles 182 230 555 705
Foreclosed property costs 136 45 604 549
Debt prepayment penalties 1,173 0 2,134 221
Other expenses 1,927 1,892 6,005 6,107
Total noninterest expense 26,290 22,595 74,917 65,599
Income before income taxes 12,767 10,910 37,842 31,579
Income tax expense 3,867 3,328 11,791 9,632
Net income $ 8,900 $ 7,582 $ 26,051 $ 21,947
Weighted average common shares outstanding - basic 16,366 16,278 16,351 16,242
Weighted average common shares outstanding - diluted 16,414 16,294 16,392 16,269
Per share information:        
Basic earnings per common share $ 0.54 $ 0.46 $ 1.59 $ 1.35
Diluted earnings per common share $ 0.54 $ 0.46 $ 1.58 $ 1.34
Cash dividends declared per share $ 0.24 $ 0.22 $ 0.70 $ 0.66