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Consolidated Statements of Income (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
INTEREST INCOME      
Loans, taxable $ 34,983 $ 36,772 $ 40,163
Loans, non-taxable 16,432 11,324 8,271
Securities available-for-sale, taxable 22,286 22,782 18,958
Securities available-for-sale, non-taxable 340 211 391
Federal Home Loan Bank of Boston dividends 77 46  
Securities held-to-maturity 6,746 5,816 7,158
Federal funds sold, interest-bearing deposits in other banks and short-term investments 630 1,114 1,642
Total interest income 81,494 78,065 76,583
INTEREST EXPENSE      
Savings and NOW deposits 2,250 2,539 4,072
Money market accounts 2,373 2,706 3,942
Time deposits 6,250 9,356 7,914
Securities sold under agreements to repurchase 367 379 573
Other borrowed funds and subordinated debentures 8,300 7,786 8,316
Total interest expense 19,540 22,766 24,817
Net interest income 61,954 55,299 51,766
Provision for loan losses (Note 6) 4,150 4,550 5,575
Net interest income after provision for loan losses 57,804 50,749 46,191
OTHER OPERATING INCOME      
Service charges on deposit accounts 7,880 7,885 7,876
Lockbox fees 2,930 2,770 2,911
Brokerage commissions 364 441 230
Net gains on sales of securities 1,843 1,940 1,851
Other income 2,848 3,204 3,131
Total other operating income 15,865 16,240 15,999
OPERATING EXPENSES      
Salaries and employee benefits (Note 16) 32,943 29,630 28,398
Occupancy 4,695 4,411 4,037
Equipment 2,255 2,235 2,132
FDIC assessments 1,737 2,025 2,965
Other (Note 19) 11,608 10,441 9,840
Total operating expenses 53,238 48,742 47,372
Income before income taxes 20,431 18,247 14,818
Provision for income taxes (Note 15) 1,392 1,554 1,244
Net income 19,039 16,693 13,574
Class A Common Stock
     
OPERATING EXPENSES      
Net income 14,877 13,023 10,557
SHARE DATA (Note 13)      
Weighted average number of shares outstanding, basic 3,557,693 3,543,233 3,521,179
Weighted average number of shares outstanding, diluted 5,549,191 5,541,794 5,535,742
Basic earnings per share $ 4.18 $ 3.68 $ 3.00
Diluted earnings per share $ 3.43 $ 3.01 $ 2.45
Class B Common Stock
     
OPERATING EXPENSES      
Net income $ 4,162 $ 3,670 $ 3,017
SHARE DATA (Note 13)      
Weighted average number of shares outstanding, basic 1,990,474 1,997,411 2,012,327
Weighted average number of shares outstanding, diluted 1,990,474 1,997,411 2,012,327
Basic earnings per share $ 2.09 $ 1.84 $ 1.50
Diluted earnings per share $ 2.09 $ 1.84 $ 1.50