XML 53 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements Of Income (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Interest Income        
Interest and fees on loans $ 18,084 $ 19,515 $ 54,787 $ 59,241
Interest on U.S. government and sponsored enterprise obligations 4,153 4,439 12,387 14,241
Interest on state and political subdivision obligations 344 387 1,064 1,284
Interest on federal funds sold and other investments 55 45 160 125
Total interest income 22,636 24,386 68,398 74,891
Interest Expense        
Interest on deposits 2,218 2,842 7,146 8,820
Interest on borrowings 1,337 2,265 4,164 7,319
Interest on junior subordinated debentures 634 632 1,904 1,983
Total interest expense 4,189 5,739 13,214 18,122
Net interest income 18,447 18,647 55,184 56,769
Provision for credit losses 868 1,182 2,708 3,271
Net interest income after provision for credit losses 17,579 17,465 52,476 53,498
Non-Interest Income        
Income from fiduciary services 1,155 1,517 3,883 4,503
Service charges on deposit accounts 1,386 1,296 3,857 3,879
Other service charges and fees 1,003 878 2,804 2,691
Bank-owned life insurance 353 910 1,034 1,784
Brokerage and insurance commissions 360 307 1,109 1,050
Mortgage banking income 8 368 476 500
Net gain on sale of securities 197 177 1,098 197
Other income 586 435 1,798 1,435
Total non-interest income before other-than-temporary impairment of securities 5,048 5,888 16,059 16,039
Other-than-temporary impairment of securities (10) (61) (39) (88)
Total non-interest income 5,038 5,827 16,020 15,951
Non-Interest Expenses        
Salaries and employee benefits 7,270 7,437 21,150 21,402
Furniture, equipment and data processing 1,131 1,149 3,555 3,518
Net occupancy 930 944 3,061 2,960
Other real estate owned and collection costs 571 519 1,694 1,425
Regulatory assessments 450 410 1,317 1,515
Consulting and professional fees 408 601 1,351 2,143
Amortization of intangible assets 144 144 433 433
Acquisition costs 396   704  
Other expenses 2,070 2,105 7,003 6,470
Total non-interest expenses 13,370 13,309 40,268 39,866
Income before income taxes 9,247 9,983 28,228 29,583
Income Taxes 2,992 3,054 8,978 9,245
Net Income $ 6,255 $ 6,929 $ 19,250 $ 20,338
Per Share Data        
Basic earnings per share $ 0.82 $ 0.90 $ 2.51 $ 2.65
Diluted earnings per share $ 0.82 $ 0.90 $ 2.50 $ 2.65
Weighted average number of common shares outstanding 7,619,411 7,677,972 7,655,619 7,671,911
Diluted weighted average number of common shares outstanding 7,639,434 7,683,570 7,669,763 7,680,401