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CONSOLIDATED STATEMENTS OF INCOME (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 Income        
Interest and fees on loans $ 18,059 $ 18,268 $ 35,854 $ 36,703
Interest on U.S. government and sponsored enterprise obligations 4,074 4,118 8,350 8,234
Interest on state and political subdivision obligations 292 355 597 720
Interest on federal funds sold and other investments 56 56 106 105
Total interest income 22,481 22,797 44,907 45,762
Interest Expense        
Interest on deposits 1,828 2,390 3,647 4,928
Interest on borrowings 767 1,409 1,585 2,827
Interest on junior subordinated debentures 636 632 1,257 1,270
Total interest expense 3,231 4,431 6,489 9,025
Net interest income 19,250 18,366 38,418 36,737
Provision for credit losses 695 835 1,369 1,840
Net interest income after provision for credit losses 18,555 17,531 37,049 34,897
Non-Interest Income        
Service charges on deposit accounts 1,755 1,315 3,439 2,471
Other service charges and fees 1,513 956 2,942 1,801
Income from fiduciary services 1,275 1,289 2,418 2,728
Mortgage banking income, net 584 132 1,158 468
Brokerage and insurance commissions 409 410 821 749
Bank-owned life insurance 314 342 652 681
Net gain on sale of securities and other-than-temporary impairment of securities 0 751 138 872
Other income 526 559 1,144 1,212
Total non-interest income 6,376 5,754 12,712 10,982
Non-Interest Expenses        
Salaries and employee benefits 7,961 6,972 16,322 13,880
Furniture, equipment and data processing 1,931 1,295 3,535 2,518
Net occupancy 1,407 1,020 2,959 2,131
Other real estate owned and collection costs (recoveries), net (22) 497 866 1,123
Consulting and professional fees 585 608 1,132 1,098
Regulatory assessments 500 432 999 867
Amortization of intangible assets 287 145 574 289
Branch acquisition/divestiture costs 71   232  
Other expenses 2,928 3,010 5,529 4,992
Total non-interest expenses 15,648 13,979 32,148 26,898
Income before income taxes 9,283 9,306 17,613 18,981
Income Taxes 2,952 2,894 5,620 5,986
Net Income $ 6,331 $ 6,412 $ 11,993 $ 12,995
Per Share Data        
Basic earnings per share $ 0.83 $ 0.84 $ 1.57 $ 1.69
Diluted earnings per share $ 0.82 $ 0.83 $ 1.56 $ 1.69
Weighted average number of common shares outstanding 7,637,433 7,675,819 7,632,586 7,673,927
Diluted weighted average number of common shares outstanding 7,652,199 7,687,620 7,646,742 7,686,747