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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, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Interest Income        
Interest and fees on loans $ 18,268 $ 20,257 $ 36,703 $ 39,726
Interest on U.S. government and sponsored enterprise obligations 4,118 4,917 8,234 9,802
Interest on state and political subdivision obligations 355 431 720 897
Interest on federal funds sold and other investments 56 40 105 80
Total interest income 22,797 25,645 45,762 50,505
Interest Expense        
Interest on deposits 2,390 2,963 4,928 5,978
Interest on borrowings 1,409 2,463 2,827 5,054
Interest on junior subordinated debentures 632 656 1,270 1,351
Total interest expense 4,431 6,082 9,025 12,383
Net interest income 18,366 19,563 36,767 38,122
Provision for credit losses 835 970 1,840 2,089
Net interest income after provision for credit losses 17,531 18,593 34,897 36,033
Non-Interest Income        
Income from fiduciary services 1,289 1,439 2,728 2,986
Service charges on deposit accounts 1,315 1,352 2,471 2,583
Other service charges and fees 956 943 1,801 1,813
Bank-owned life insurance 342 335 681 874
Brokerage and insurance commissions 410 385 749 743
Mortgage banking income 132 52 468 132
Net gain on sale of securities 751 53 901 20
Other income 559 474 1,212 1,000
Total non-interest income before other-than-temporary impairment of securities 5,754 5,033 11,011 10,151
Other-than-temporary impairment of securities   (27) (29) (27)
Total non-interest income 5,754 5,006 10,982 10,124
Non-Interest Expenses        
Salaries and employee benefits 6,972 7,114 13,880 13,965
Furniture, equipment and data processing 1,295 1,169 2,518 2,369
Net occupancy 1,020 956 2,131 2,016
Other real estate owned and collection costs 497 415 1,123 906
Regulatory assessments 432 402 867 1,105
Consulting and professional fees 608 868 1,098 1,542
Amortization of intangible assets 145 145 289 289
Other expenses 3,010 2,203 4,992 4,365
Total non-interest expenses 13,979 13,272 26,898 26,557
Income before income taxes 9,306 10,327 18,981 19,600
Income Taxes 2,894 3,257 5,986 6,191
Net Income $ 6,412 $ 7,070 $ 12,995 $ 13,409
Per Share Data        
Basic earnings per share $ 0.84 $ 0.92 $ 1.69 $ 1.75
Diluted earnings per share $ 0.83 $ 0.92 $ 1.69 $ 1.75
Weighted average number of common shares outstanding 7,675,819 7,677,594 7,673,927 7,668,831
Diluted weighted average number of common shares outstanding 7,687,620 7,687,133 7,686,747 7,679,298