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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Interest income      
Interest and fees on loans $ 63,479 $ 56,239 $ 54,816
Interest on investment securities      
Securities of U.S. Government agencies 3,478 3,234 3,304
Obligations of state and political subdivisions 1,299 1,146 1,103
Corporate debt securities and other 636 593 506
Interest on Federal funds sold and short-term investments 222 145 5
Total interest income 69,114 61,357 59,734
Interest expense      
Interest on interest bearing transaction accounts 151 110 115
Interest on savings accounts 98 104 94
Interest on money market accounts 1,286 2,467 3,235
Interest on CDARS time accounts 237 842 721
Interest on other time accounts 1,314 1,495 1,541
Interest on borrowed funds 2,209 1,430 1,461
Total interest expense 5,295 6,448 7,167
Net interest income 63,819 54,909 52,567
Provision for loan losses 7,050 5,350 5,510
Net interest income after provision for loan losses 56,769 49,559 47,057
Non-interest income      
Service charges on deposit accounts 1,836 1,797 1,782
Wealth Management and Trust Services 1,834 1,521 1,383
Other income 2,599 2,203 2,017
Total non-interest income 6,269 5,521 5,182
Non-interest expense      
Salaries and related benefits 20,211 18,240 17,001
Occupancy and equipment 4,002 3,576 3,516
Depreciation and amortization 1,293 1,344 1,370
FDIC insurance 1,000 1,506 1,800
Data processing 2,690 1,916 1,650
Professional services 2,499 1,917 1,727
Other expense 6,588 4,858 4,632
Total non-interest expense 38,283 33,357 31,696
Income before provision for income taxes 24,755 21,723 20,543
Provision for income taxes 9,191 8,171 7,778
Net income 15,564 13,552 12,765
Preferred stock dividends and accretion 0 0 (1,299)
Net income available to common stockholders $ 15,564 $ 13,552 $ 11,466
Net income per common share:      
Basic (in dollars per share) $ 2.94 $ 2.59 $ 2.21
Diluted (in dollars per share) $ 2.89 $ 2.55 $ 2.19
Weighted average shares used to compute net income per common share:      
Basic (in shares) 5,302 5,238 5,182
Diluted (in shares) 5,384 5,314 5,242
Dividends declared per common share (in dollars per share) $ 0.65 $ 0.61 $ 0.57