XML 69 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Interest Income      
Interest and Fees on Loans & Leases $ 64,921 $ 65,798 $ 70,180
Interest on Deposits with Banks 79 110 117
Interest on Investment Securities:      
Taxable 8,971 9,940 9,490
Exempt from Federal Tax 2,560 2,643 2,567
Total Interest Income 76,531 78,491 82,354
Interest Expense      
Deposits 2,548 3,739 5,463
Borrowed Funds 16 1,054 2,181
Subordinated Debentures 327 347 330
Total Interest Expense 2,891 5,140 7,974
Net Interest Income 73,640 73,351 74,380
Provision for Credit Losses 425 1,850 6,775
Net Interest Income After Provision for Credit Losses 73,215 71,501 67,605
Non-Interest Income      
Service Charges on Deposit Accounts 4,350 4,891 5,395
Net (Loss) Gain on Investment Securities (229) 158 95
Increase in Cash Surrender Value of Life Insurance 1,856 1,836 1,834
Debit Card and ATM Fees 3,069 2,938 2,760
Net Gain on Deferred Compensation Investments 3,366 1,687 199
Other 3,525 2,600 1,991
Total Non-Interest Income 15,937 14,110 12,274
Non-Interest Expense      
Salaries and Employee Benefits 33,658 31,635 29,670
Net Gain on Deferred Compensation Investments 3,366 1,687 199
Occupancy 2,513 2,565 2,579
Equipment 2,783 3,128 2,844
ORE Holding Costs 91 122 1,785
FDIC Insurance 981 968 1,461
Legal Fees 569 1,039 876
Termination Fee Related to Repurchase Agreement 0 1,657 0
Other 6,909 5,476 5,614
Total Non-Interest Expense 50,870 48,277 45,028
Income Before Income Taxes 38,282 37,334 34,851
Provision for Income Taxes 14,221 13,985 12,642
Net Income $ 24,061 $ 23,349 $ 22,209
Basic Earnings Per Common Share (in dollars per share) $ 30.93 $ 29.99 $ 28.49