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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, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Interest Income        
Interest and fees on loans $ 17,757 $ 18,059 $ 34,537 $ 35,854
Interest on U.S. government and sponsored enterprise obligations 4,124 4,074 8,354 8,350
Interest on state and political subdivision obligations 314 292 608 597
Interest on federal funds sold and other investments 94 56 183 106
Total interest income 22,289 22,481 43,682 44,907
Interest Expense        
Interest on deposits 1,565 1,828 3,116 3,647
Interest on borrowings 845 767 1,652 1,585
Interest on junior subordinated debentures 631 636 1,256 1,257
Total interest expense 3,041 3,231 6,024 6,489
Net interest income 19,248 19,250 37,658 38,418
Provision for credit losses 643 695 1,136 1,369
Net interest income after provision for credit losses 18,605 18,555 36,522 37,049
Non-Interest Income        
Service charges on deposit accounts 1,620 1,755 3,089 3,439
Other service charges and fees 1,543 1,513 2,938 2,942
Income from fiduciary services 1,349 1,275 2,533 2,418
Brokerage and insurance commissions 459 409 937 821
Bank-owned life insurance 292 314 598 652
Net gain on sale of securities 285 0 451 138
Mortgage banking income, net 70 584 142 1,158
Other income 886 526 1,501 1,144
Total non-interest income 6,504 6,376 12,189 12,712
Non-Interest Expense        
Salaries and employee benefits 8,301 7,961 16,281 16,322
Furniture, equipment and data processing 1,743 1,931 3,532 3,535
Net occupancy costs 1,270 1,407 2,650 2,959
Consulting and professional fees 782 585 1,300 1,132
Other real estate owned and collection costs (recoveries) 515 (22) 1,028 866
Regulatory assessments 485 500 966 999
Amortization of intangible assets 287 287 574 574
Branch Acquisition costs 0 71 0 232
Other expenses 2,409 2,928 4,586 5,529
Total non-interest expense 15,792 15,648 30,917 32,148
Income before income taxes 9,317 9,283 17,794 17,613
Income Taxes 3,001 2,952 5,763 5,620
Net Income $ 6,316 $ 6,331 $ 12,031 $ 11,993
Per Share Data        
Basic earnings per share $ 0.85 $ 0.83 $ 1.60 $ 1.57
Diluted earnings per share $ 0.85 $ 0.82 $ 1.60 $ 1.56
Weighted average number of common shares outstanding 7,430,709 7,637,433 7,479,461 7,632,586
Diluted weighted average number of common shares outstanding 7,450,639 7,652,199 7,500,318 7,646,742