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Consolidated Statements of Income (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Interest and Dividend Income:      
Interest and fees on loans $ 40,688 $ 28,148 $ 31,062
Interest and dividends on securities:      
Taxable 4,595 5,042 4,853
Tax-exempt 3,646 2,288 1,673
Dividends 131 95 95
Other interest income 127 360 378
Total interest and dividend income 49,187 35,933 38,061
Interest Expense:      
Interest on deposits 7,203 6,708 8,399
Interest on short-term borrowings 325 382 675
Interest on long-term borrowings 229 256 342
Interest on trust preferred capital notes 1,023 1,373 1,373
Total interest expense 8,780 8,719 10,789
Net Interest Income 40,407 27,214 27,272
Provision for Loan Losses 3,170 1,490 1,662
Net Interest Income after Provision for Loan Losses 37,237 25,724 25,610
Noninterest Income:      
Trust fees 3,561 3,391 3,153
Service charges on deposit accounts 1,963 1,897 2,085
Other fees and commissions 1,510 1,163 1,014
Mortgage banking income 1,262 1,560 1,605
Securities gains (losses), net (1) 126 3
Other 949 977 658
Total noninterest income 9,244 9,114 8,518
Noninterest Expense:      
Salaries 12,409 10,063 10,048
Employee benefits 2,681 2,442 3,201
Occupancy and equipment 3,199 2,936 2,927
FDIC assessment 651 795 1,186
Bank franchise tax 763 670 642
Core deposit intangible amortization 1,282 378 377
Foreclosed real estate, net 296 754 1,642
Merger related expenses 1,607 0 0
Other 7,112 5,341 4,770
Total noninterest expense 30,000 23,379 24,793
Income Before Income Taxes 16,481 11,459 9,335
Income Taxes 4,910 3,181 2,525
Net Income 11,571 8,278 6,810
Dividends on preferred stock 103 0 0
Net income available to common shareholders $ 11,468 $ 8,278 $ 6,810
Net Income Per Common Share:      
Basic (in dollars per share) $ 1.64 $ 1.35 $ 1.12
Diluted (in dollars per share) $ 1.64 $ 1.35 $ 1.12
Average Common Shares Outstanding:      
Basic (in shares) 6,982,524 6,123,870 6,097,810
Diluted (in shares) 6,989,877 6,131,650 6,102,895