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Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Loans receivable, including fees:        
Taxable $ 18,075 $ 18,070 $ 35,835 $ 35,583
Tax-exempt 897 989 1,764 1,975
Securities:        
Taxable 5,567 5,599 11,238 10,994
Tax-exempt 86 0 119 0
Federal funds sold 0 1 1 2
Total interest income 24,625 24,659 48,957 48,554
Interest Expense        
Deposits 2,000 2,990 4,082 5,987
Short-term borrowings 74 127 127 337
Long-term debt 581 725 1,162 1,396
Total interest expense 2,655 3,842 5,371 7,720
Net interest income 21,970 20,817 43,586 40,834
Provision for loan losses 2,950 1,700 5,450 3,492
Net interest income after provision for loan losses 19,020 19,117 38,136 37,342
Noninterest Income        
Service charges, fees and other operating income 7,076 7,025 13,953 13,749
Gains on sales of loans 372 1,137 601 2,335
Total fees and other income 7,448 8,162 14,554 16,084
Other-than-temporary impairment (OTTI) losses 0 (315) (649) (315)
Portion recognized in other comprehensive income (before taxes) 0 0 0 0
Net impairment loss on investment securities 0 (315) (649) (315)
Net gains on sales of securities 12 309 996 343
Total noninterest income 7,460 8,156 14,901 16,112
Noninterest Expenses        
Salaries and employee benefits 10,166 10,254 20,704 20,633
Occupancy 2,050 2,219 4,133 4,681
Furniture and equipment 1,238 1,536 2,504 2,871
Advertising and marketing 381 350 801 749
Data processing 3,281 3,832 6,663 7,227
Regulatory assessments and related costs 849 856 1,675 1,941
Telephone 833 834 1,707 1,706
Loan expense 321 83 691 407
Foreclosed real estate 781 18 1,144 1,070
Branding 30 1,720 30 1,747
Consulting 228 416 500 823
Pennsylvania shares tax 515 453 1,019 898
Other 2,001 2,050 4,034 4,175
Total noninterest expenses 22,674 24,621 45,605 48,928
Income before taxes 3,806 2,652 7,432 4,526
Provision for federal income taxes 1,044 660 1,986 1,002
Net income $ 2,762 $ 1,992 $ 5,446 $ 3,524
Net Income per Common Share        
Basic (in dollars per share) $ 0.19 $ 0.14 $ 0.38 $ 0.25
Diluted (in dollars per share) $ 0.19 $ 0.14 $ 0.38 $ 0.25
Average Common and Common Equivalent Shares Outstanding        
Basic (in shares) 14,128 13,860 14,127 13,820
Diluted (in shares) 14,128 13,860 14,127 13,820