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Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Interest and dividend income:        
Interest and fees on loans $ 32,184 $ 31,976 $ 63,861 $ 63,729
Interest and dividends on securities available for sale:        
Total interest and dividends on securities available for sale 6,223 6,592 12,014 13,478
Interest on held to maturity securities:        
Total interest on held to maturity securities 1,835 2,307 3,738 4,832
Interest on federal funds sold and other short-term investments 254 228 500 392
Total interest income 40,496 41,103 80,113 82,431
Interest on deposits:        
Interest-bearing checking 70 172 135 341
Savings 885 857 1,818 1,666
Money market deposit accounts 1,184 1,342 2,411 2,621
Time deposits 4,099 6,432 8,542 13,251
Interest on short-term borrowings 382 455 789 911
Total interest expense 6,620 9,258 13,695 18,790
Net interest income 33,876 31,845 66,418 63,641
Provision for loan losses 4,850 7,100 9,450 11,800
Net interest income after provision for loan losses 29,026 24,745 56,968 51,841
Noninterest income:        
Trust department income 1,186 1,176 2,760 2,537
Fees for services to customers 2,325 2,646 4,419 4,939
Net gain on securities transactions 851 1,537 1,138 1,541
Other 209 292 525 498
Total noninterest income 4,571 5,651 8,842 9,515
Noninterest expenses:        
Salaries and employee benefits 7,000 6,556 14,026 13,290
Net occupancy expense 3,672 3,511 7,409 7,012
Equipment expense 1,481 1,464 2,813 2,884
Professional services 1,681 1,565 3,166 2,968
Outsourced services 1,350 1,418 2,700 2,839
Advertising expense 708 796 1,414 1,322
FDIC and other insurance 1,392 1,535 3,243 3,057
Other real estate expense, net 2,095 794 3,685 2,747
Other 2,173 1,596 3,942 3,205
Total noninterest expenses 21,552 19,235 42,398 39,324
Income before taxes 12,045 11,161 23,412 22,032
Income taxes 4,279 4,037 8,264 7,973
Net income 7,766 7,124 15,148 14,059
Net income per Common Share:        
- Basic (in dollars per share) $ 0.100 $ 0.093 $ 0.196 $ 0.183
- Diluted (in dollars per share) $ 0.100 $ 0.093 $ 0.196 $ 0.183
U. S. Government Sponsored Enterprises [Member]
       
Interest and dividends on securities available for sale:        
Total interest and dividends on securities available for sale 3,791 3,588 6,990 7,185
Interest on held to maturity securities:        
Total interest on held to maturity securities 0 50 0 487
State and Political Subdivisions [Member]
       
Interest and dividends on securities available for sale:        
Total interest and dividends on securities available for sale 640 891 1,424 1,846
Mortgage-Backed Securities and Collateralized Mortgage Obligations-Residential [Member]
       
Interest and dividends on securities available for sale:        
Total interest and dividends on securities available for sale 622 944 1,230 2,114
Interest on held to maturity securities:        
Total interest on held to maturity securities 1,240 1,455 2,428 2,700
Corporate Bonds [Member]
       
Interest and dividends on securities available for sale:        
Total interest and dividends on securities available for sale 1,081 1,105 2,220 2,151
Interest on held to maturity securities:        
Total interest on held to maturity securities 595 802 1,310 1,645
Other Securities [Member]
       
Interest and dividends on securities available for sale:        
Total interest and dividends on securities available for sale $ 89 $ 64 $ 150 $ 182