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Consolidated Condensed Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Interest Income        
Loans $ 17,197 $ 18,000 $ 51,040 $ 54,847
Investment securities:        
Taxable 667 1,093 2,019 3,473
Non-taxable 723 749 2,180 2,146
Interest-bearing deposits 44 43 174 249
FHLB stock dividends 205 213 631 656
Total interest income 18,836 20,098 56,044 61,371
Interest Expense        
Deposits 1,356 1,909 4,514 6,394
FHLB advances and other 116 759 298 2,260
Subordinated debentures 150 172 452 813
Notes payable 58 83 178 284
Total interest expense 1,680 2,923 5,442 9,751
Net interest income 17,156 17,175 50,602 51,620
Provision for loan losses 476 705 1,349 8,306
Net interest income after provision for loan losses 16,680 16,470 49,253 43,314
Non-interest Income        
Service fees and other charges 2,605 2,790 7,539 8,148
Insurance and investment commission income 2,225 1,952 7,538 6,679
Mortgage banking income 1,846 2,220 7,119 6,924
Gain on sale of non-mortgage loans 35 8 52 50
Gain on sale or call of securities 0 103 97 528
Trust income 196 147 545 470
Income from bank owned life insurance 212 244 672 683
Other non-interest income 170 316 535 712
Total non-interest income 7,289 7,780 24,097 24,194
Non-interest Expense        
Compensation and benefits 8,718 8,245 25,991 24,760
Occupancy 1,739 2,170 5,087 5,718
FDIC insurance premium 326 691 1,257 2,031
State franchise tax 580 623 1,837 1,649
Data processing 1,318 1,140 3,812 3,477
Amortization of intangibles 296 344 945 1,068
Other non-interest expense 3,068 3,237 9,987 9,538
Total non-interest expense 16,045 16,450 48,916 48,241
Income before income taxes 7,924 7,800 24,434 19,267
Federal income taxes 2,445 2,366 7,286 5,759
Net Income 5,479 5,434 17,148 13,508
Dividends accrued on preferred shares 0 (3) 0 (900)
Accretion on preferred shares 0 (8) 0 (359)
Redemption of preferred shares 0 0 0 642
Net income applicable to common shares $ 5,479 $ 5,423 $ 17,148 $ 12,891
Earnings per common share (Note 6)        
Basic (in dollars per share) $ 0.56 $ 0.56 $ 1.76 $ 1.33
Diluted (in dollars per share) $ 0.54 $ 0.54 $ 1.69 $ 1.29
Dividends declared per share (Note 5) (in dollars per share) $ 0.10 $ 0.05 $ 0.30 $ 0.15
Average common shares outstanding (Note 6)        
Basic (in shares) 9,780 9,729 9,763 9,728
Diluted (in shares) 10,212 10,000 10,160 9,993