Quarterly Consolidated Results Of Operations

12 Months Ended

Dec. 31, 2011

Quarterly Consolidated Results Of Operations [Abstract]

Quarterly Consolidated Results Of Operations

25. Quarterly Consolidated Results of Operations (Unaudited)

The following is a summary of the quarterly consolidated results of operations:

	Three Months Ended
	March 31			June 30			September 30			December 31
	(In Thousands, Except Per Share Amounts)
2011
Interest income	$	22,158		$	21,973		$	21,666		$	21,270
Interest expense		4,956			4,457			4,019			3,754
Net interest income		17,202			17,516			17,647			17,516
Provision for loan losses		2,833			2,405			3,097			4,099
Net interest income after provision for loan losses		14,369			15,111			14,550			13,417
Gain (loss) on sale, call or write-down of securities		47			—			—			169
Noninterest income		5,898			6,838			6,857			7,707
Noninterest expense		16,626			15,086			15,462			15,589
Income before income taxes		3,688			6,863			5,945			5,704
Income taxes		1,028			2,113			1,884			1,640
Net income	$	2,660		$	4,750		$	4,061		$	4,064
Dividends declared on Preferred Shares		(462	)		(463	)		(463	)		(462	)
Accretion on Preferred Shares		(43	)		(44	)		(45	)		(46	)
Net income applicable to common shares	$	2,155		$	4,243		$	3,553		$	3,556
Earnings per common share:
Basic	$	0.25		$	0.44		$	0.37		$	0.37
Diluted	$	0.25		$	0.43		$	0.36		$	0.36
Average shares outstanding:
Basic		8,519			9,724			9,725			9,726
Diluted		8,671			9,902			9,895			9,908

	Three Months Ended
	March 31			June 30			September 30			December 31
	(In Thousands, Except Per Share Amounts)
2010
Interest income	$	24,129		$	24,349		$	24,057		$	23,329
Interest expense		7,044			6,788			6,295			5,574
Net interest income		17,085			17,561			17,762			17,755
Provision for loan losses		6,889			5,440			5,196			5,652
Net interest income after provision for loan losses		10,196			12,121			12,566			12,103
Gain (loss) on sale, call or write-down of securities		(64	)		(71	)		(190	)		(14	)
Noninterest income		6,830			5,862			7,669			7,568
Noninterest expense		14,832			15,045			17,102			16,485
Income before income taxes		2,130			2,867			2,943			3,172
Income taxes		624			808			668			904
Net income	$	1,506		$	2,059		$	2,275		$	2,268
Dividends declared on Preferred Shares		(463	)		(462	)		(463	)		(463	)
Accretion on Preferred Shares		(40	)		(42	)		(43	)		(43	)
Net income applicable to common shares	$	1,003		$	1,555		$	1,769		$	1,762
Earnings per common share:
Basic	$	0.12		$	0.19		$	0.22		$	0.22
Diluted	$	0.12		$	0.19		$	0.22		$	0.22
Average shares outstanding:
Basic		8,117			8,118			8,118			8,118
Diluted		8,142			8,193			8,118			8,178