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Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Interest Income        
Interest and Fees on Loans $ 16,505 $ 17,949 $ 49,283 $ 52,946
Interest on Deposits with Banks 8 28 76 67
Interest on Investment Securities:        
Taxable 2,315 2,247 7,958 6,988
Tax-Exempt 671 637 1,961 1,926
Total Interest Income 19,499 20,861 59,278 61,927
Interest Expense        
Deposits 935 1,337 2,967 4,279
Borrowed Funds 11 549 1,047 1,632
Subordinated Debentures 87 82 262 245
Total Interest Expense 1,033 1,968 4,276 6,156
Net Interest Income 18,466 18,893 55,002 55,771
Provision for Loan Losses 600 900 1,100 5,350
Net Interest Income After Provision for Loan Losses 17,866 17,993 53,902 50,421
Non-Interest Income        
Service Charges on Deposit Accounts 1,248 1,356 3,662 4,096
Net Gain on Investment Securities 149 0 149 0
Increase in Cash Surrender Value of Life Insurance 500 466 1,412 1,376
Debit Card and ATM Fees 732 704 2,197 2,078
Gain (Loss) on Non-Qualified Deferred Compensation Plan Investments 762 (1,198) 1,381 (808)
Other 662 442 1,986 1,357
Total Non-Interest Income 4,053 1,770 10,787 8,099
Non-Interest Expense        
Salaries & Employee Benefits 7,850 7,512 23,792 22,217
Gain (Loss) on Non-Qualified Deferred Compensation Plan Investments 762 (1,198) 1,381 (808)
Occupancy 656 674 1,925 1,920
Equipment 686 726 2,282 2,151
ORE Holding Costs 15 364 108 1,256
FDIC Insurance 243 236 728 1,226
Other 1,548 1,507 6,337 4,528
Total Non-Interest Expense 11,760 9,821 36,553 32,490
Income Before Income Taxes 10,159 9,942 28,136 26,030
Provision for Income Taxes 3,827 3,675 10,452 9,482
Net Income $ 6,332 $ 6,267 $ 17,684 $ 16,548
Basic Earnings Per Common Share (in dollars per share) $ 8.13 $ 8.04 $ 22.70 $ 21.23