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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Interest Income:      
Loans (including fees) $ 36,136 $ 34,839 $ 36,288
Loans held for sale 8 10 5
Deposits with other banks 92 50 41
Securities (including FHLB stock) 18,949 19,691 15,043
Federal funds sold 10 19 13
Total Interest Income 55,195 54,609 51,390
Interest Expense:      
Demand deposits 1,383 920 846
Savings deposits 55 50 42
Time deposits 11,560 13,962 12,218
Borrowings 122 186 117
Total Interest Expense 13,120 15,118 13,223
Net Interest Income 42,075 39,491 38,167
Less: Provision for loan losses 4,134 10,187 5,654
Net Interest Income after Provision for Loan Losses 37,941 29,304 32,513
Noninterest Income:      
Service charges, commissions and fees 4,770 4,596 4,133
Net gains on securities 4,868 3,531 2,824
Loss on securities impairment 0 (97) 0
Net (loss) gains on sale of loans (68) 114 283
(Loss) gain on sale of fixed assets (109) 1 962
Gain on acquisition 0 1,665 0
Other 1,679 1,463 1,363
Total Noninterest Income 11,140 11,273 9,565
Noninterest Expense:      
Salaries and employee benefits 13,668 12,529 11,769
Occupancy and equipment expense 3,713 3,473 3,191
Other 13,780 12,819 11,867
Total Noninterest Expense 31,161 28,821 26,827
Income Before Income Taxes 17,920 11,756 15,251
Less: Provision for income taxes 5,861 3,723 5,226
Net Income 12,059 8,033 10,025
Preferred stock dividends (1,972) (1,976) (1,333)
Income Available to Common Shareholders $ 10,087 $ 6,057 $ 8,692
Per Common Share:      
Earnings (in dollars per share) $ 1.60 $ 0.98 [1] $ 1.42 [1]
Cash dividends paid (in dollars per share) $ 0.64 $ 0.58 [1] $ 0.58 [1]
Weighted Average Common Shares Outstanding (in shares) 6,292,855 6,205,652 6,115,608
[1] 2011 and 2010 share amounts reflect the ten percent stock dividend paid February 24, 2012 to stockholders of record as of February 17, 2012.