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Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Interest and Dividend Income:        
Interest and fees on loans $ 11,358 $ 12,683 $ 22,753 $ 25,803
Interest and dividends on securities:        
Taxable 851 1,056 1,729 2,135
Tax-exempt 1,045 1,077 2,097 2,159
Dividends 54 52 109 103
Other interest income 39 18 68 28
Total interest and dividend income 13,347 14,886 26,756 30,228
Interest Expense:        
Interest on deposits 1,369 1,729 2,805 3,566
Interest on short-term borrowings 14 51 35 94
Interest on long-term borrowings 82 84 164 168
Interest on trust preferred capital notes 189 206 377 412
Total interest expense 1,654 2,070 3,381 4,240
Net Interest Income 11,693 12,816 23,375 25,988
Provision for Loan Losses 0 733 294 1,466
Net Interest Income After Provision for Loan Losses 11,693 12,083 23,081 24,522
Noninterest Income:        
Trust fees 944 966 1,532 1,848
Service charges on deposit accounts 429 413 838 901
Other fees and commissions 463 445 922 902
Mortgage banking income 531 519 1,249 1,050
Securities gains, net 1 160 199 160
Other 318 297 716 1,173
Total noninterest income 2,686 2,800 5,456 6,034
Noninterest Expense:        
Salaries 3,503 3,809 6,942 7,920
Employee benefits 867 799 1,766 1,877
Occupancy and equipment 872 1,048 1,788 2,013
FDIC assessment 161 213 322 446
Bank franchise tax 185 182 372 365
Core deposit intangible amortization 421 546 841 1,093
Foreclosed real estate, net 193 171 436 18
Merger related expenses 0 (202) 0 49
Other 2,226 2,267 4,279 4,979
Total noninterest expense 8,428 8,833 16,746 18,760
Income Before Income Taxes 5,951 6,050 11,791 11,796
Income Taxes 1,741 1,776 3,430 3,347
Net Income $ 4,210 $ 4,274 $ 8,361 $ 8,449
Net Income Per Common Share:        
Basic (in dollars per share) $ 0.54 $ 0.55 $ 1.06 $ 1.08
Diluted (in dollars per share) $ 0.53 $ 0.54 $ 1.06 $ 1.08
Average Common Shares Outstanding:        
Basic (in shares) 7,867,222 7,832,162 7,862,719 7,827,195
Diluted (in shares) 7,876,969 7,849,142 7,872,351 7,839,364