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UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Interest income:    
Loans secured by real estate $ 40,861 $ 43,148
Other loans 25 25
Mortgage-backed securities 248 459
Investment securities 70 129
Federal funds sold and other short-term investments 522 544
Total interest income 41,726 44,305
Interest expense:    
Deposits and escrow 4,621 5,201
Borrowed funds 6,850 6,790
Total interest expense 11,471 11,991
Net interest income 30,255 32,314
Provision for loan losses 281 157
Net interest income after provision for loan losses 29,974 32,157
Non-interest income:    
Total other than temporary impairment (OTTI) losses 0 0
Less: Non-credit portion of OTTI recorded in other comprehensive income (before taxes) 0 0
Net OTTI recognized in earnings 0 0
Service charges and other fees 655 712
Net mortgage banking income 999 161
Net gains on securities 14 210
Net (loss) gain on the disposal of other assets 649 0
Income from bank owned life insurance 387 413
Other 356 402
Total non-interest income 3,060 1,898
Non-interest expense:    
Salaries and employee benefits 8,519 8,933
Stock benefit plan amortization expense 989 1,018
Occupancy and equipment 2,750 2,532
Data processing costs 838 812
Federal deposit insurance premiums 505 511
Provision for losses on OREO 0 180
Other 2,222 2,323
Total non-interest expense 15,823 16,309
Income before income taxes 17,211 17,746
Tax expense (benefit) 7,177 7,176
Net income 10,034 10,570
Earnings per Share:    
Basic (in dollars per share) $ 0.28 $ 0.30
Diluted (in dollars per share) $ 0.28 $ 0.30
STATEMENTS OF COMPREHENSIVE INCOME    
Net income 10,034 10,570
Amortization and reversal of net unrealized loss on securities transferred from available-for-sale to held-to-maturity, net of taxes of $8 and $27 during the three months ended March 31, 2014 and 2013, respectively, 12 34
Reduction in non-credit component of OTTI charge, net of taxes of $4 during the three months ended both March 31, 2014 and 2013, respectively, 4 4
Reclassification adjustment for securities sold during the period, net of taxes of $(50) during the three months ended March 31, 2013 (Reclassified from net gain on securities) 0 (60)
Net unrealized securities gains (losses) arising during the period, net of deferred taxes (expense) benefit of $(30) and $196 during the three months ended March 31, 2014 and 2013, respectively, (37) 241
Change in pension and other posttirement obligations, net of deferred tax benefit of $118 during the three months ended March 31, 2014 143 0
Comprehensive Income $ 10,156 $ 10,789