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Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Interest and fees on loans and leases:        
Taxable $ 17,367 $ 17,770 $ 34,574 $ 35,376
Exempt from federal income taxes 1,047 1,062 2,178 2,039
Total interest and fees on loans and leases 18,414 18,832 36,752 37,415
Interest and dividends on investment securities:        
Taxable 2,166 2,855 4,412 5,616
Exempt from federal income taxes 1,112 1,172 2,231 2,302
Other interest income 12 19 15 30
Total interest income 21,704 22,878 43,410 45,363
Interest expense        
Interest on deposits 2,290 3,588 4,756 7,808
Interest on short-term borrowings 80 653 160 1,455
Interest on long-term borrowings 353 361 704 719
Total interest expense 2,723 4,602 5,620 9,982
Net interest income 18,981 18,276 37,790 35,381
Provision for loan and lease losses 5,556 4,865 10,690 9,760
Net interest income after provision for loan and lease losses 13,425 13,411 27,100 25,621
Noninterest income        
Trust fee income 1,625 1,500 3,250 3,000
Service charges on deposit accounts 1,356 1,812 2,692 3,594
Investment advisory commission and fee income 1,194 1,152 2,356 2,208
Insurance commission and fee income 2,072 1,896 4,272 4,139
Other service fee income 1,437 1,475 2,792 2,384
Bank owned life insurance income 268 202 612 534
Other-than-temporary impairment on equity securities (3) (42) (10) (47)
Net gain on sales of securities 569 38 569 87
Net gain on mortgage banking activities 328 475 303 935
Net loss on interest rate swap   (516)   (826)
Net loss on dispositions of fixed assets (9) (5) (9) (11)
Net loss on sales and write-downs of other real estate owned (265) (16) (617) (363)
Other 124 88 245 632
Total noninterest income 8,696 8,059 16,455 16,266
Noninterest expense        
Salaries and benefits 9,634 9,469 18,617 19,280
Net occupancy 1,361 1,309 2,911 2,663
Equipment 965 900 1,942 1,838
Marketing and advertising 393 917 982 1,601
Deposit insurance premiums 427 663 1,140 1,260
Other 3,626 3,651 7,560 7,346
Total noninterest expense 16,406 16,909 33,152 33,988
Income before income taxes 5,715 4,561 10,403 7,899
Applicable income taxes 1,199 831 2,025 1,199
Net income $ 4,516 $ 3,730 $ 8,378 $ 6,700
Net income per share:        
Basic $ 0.27 $ 0.23 $ 0.50 $ 0.40
Diluted $ 0.27 $ 0.23 $ 0.50 $ 0.40
Dividends declared $ 0.20 $ 0.20 $ 0.40 $ 0.40