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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Interest income:        
Interest and fees on loans $ 25,513 $ 25,344 $ 50,736 $ 50,707
Interest on securities: Taxable 2,576 4,069 5,421 8,446
Interest on securities: Nontaxable 647 682 1,306 1,375
Dividends on corporate stock and Federal Home Loan Bank stock 39 78 77 155
Other interest income 24 17 52 37
Total interest income 28,799 30,190 57,592 60,720
Interest expense:        
Deposits 3,096 3,385 6,290 6,819
Federal Home Loan Bank advances 2,679 3,998 5,416 8,083
Junior subordinated debentures 612 391 1,002 783
Other interest expense 3 5 8 239
Total interest expense 6,390 7,779 12,716 15,924
Net interest income 22,409 22,411 44,876 44,796
Provision for loan losses 700 600 1,300 1,500
Net interest income after provision for loan losses 21,709 21,811 43,576 43,296
Noninterest income:        
Trust and investment advisory fees 6,230 5,819 12,296 11,597
Mutual fund fees 1,077 1,002 2,099 2,027
Financial planning, commissions and other service fees 605 652 991 1,034
Wealth management services 7,912 7,473 15,386 14,658
Merchant processing fees 2,613 2,732 4,590 4,720
Net gains on loan sales and commissions on loans originated for others 3,485 3,015 7,651 6,112
Service charges on deposit accounts 790 764 1,581 1,523
Card interchange fees 683 626 1,282 1,169
Income from bank-owned life insurance 461 477 928 963
Net realized gains on securities 0 299 0 299
Net gains (losses) on interest rate swap contracts 152 (4) 171 24
Equity in earnings (losses) of unconsolidated subsidiaries (57) 124 (18) 87
Other income 355 668 761 1,060
Noninterest income, excluding other-than-temporary impairment losses 16,394 16,174 32,332 30,615
Total other-than-temporary impairment losses on securities 0 0 (613) (85)
Portion of loss recognized in other comprehensive income (before taxes) 0 0 (2,159) (124)
Net impairment losses recognized in earnings 0 0 (2,772) (209)
Total noninterest income 16,394 16,174 29,560 30,406
Noninterest expense:        
Salaries and employee benefits 15,542 14,451 30,984 28,911
Net occupancy 1,364 1,527 2,878 3,053
Equipment 1,192 1,143 2,436 2,250
Merchant processing costs 2,211 2,320 3,884 3,983
Outsourced services 871 895 1,712 1,815
Legal, audit and professional fees 554 519 1,162 1,001
FDIC deposit insurance costs 451 426 882 884
Advertising and promotion 476 478 831 850
Amortization of intangibles 173 186 346 373
Foreclosed property costs 137 170 184 468
Debt prepayment penalties 0 961 0 961
Other expenses 2,034 2,152 3,890 4,078
Total noninterest expense 25,005 25,228 49,189 48,627
Income before income taxes 13,098 12,757 23,947 25,075
Income tax expense 4,115 4,044 7,543 7,924
Net income $ 8,983 $ 8,713 $ 16,404 $ 17,151
Weighted average common shares outstanding - basic 16,454 16,358 16,428 16,344
Weighted average common shares outstanding - diluted 16,581 16,392 16,558 16,381
Per share information:        
Basic earnings per common share $ 0.54 $ 0.53 $ 0.99 $ 1.04
Diluted earnings per common share $ 0.54 $ 0.53 $ 0.99 $ 1.04
Cash dividends declared per share $ 0.25 $ 0.23 $ 0.50 $ 0.46