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Condensed 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 $ 10,993 $ 11,204 $ 32,863 $ 33,947
Interest on investment securities 2,938 2,891 8,893 8,063
Interest on certificates of deposit investments 12 20 46 60
Interest on federal funds sold 7 15 35 55
Interest on deposits with other financial institutions 8 38 27 194
Total interest income 13,958 14,168 41,864 42,319
Interest expense:        
Interest on deposits 1,115 1,663 3,845 5,260
Interest on securities sold under agreements to repurchase 25 47 100 122
Interest on FHLB borrowings 66 185 244 579
Interest on other borrowings 0 0 326 0
Interest on subordinated debentures 142 131 428 632
Total interest expense 1,348 2,026 4,943 6,593
Net interest income 12,610 12,142 36,921 35,726
Provision for loan losses 720 728 1,751 2,584
Net interest income after provision for loan losses 11,890 11,414 35,170 33,142
Other income:        
Trust revenues 759 661 2,371 2,181
Brokerage commissions 184 178 494 485
Insurance commissions 392 385 1,476 1,503
Service charges 1,248 1,286 3,537 3,583
Securities gains, net 110 35 933 412
Total other-than-temporary impairment losses 127 (338) 127 (584)
Portion of loss recognized in other comprehensive loss 0 0 0 0
Other-than-temporary impairment losses recognized in earnings 127 (338) 127 (584)
Mortgage banking revenue, net 475 189 1,038 428
ATM / debit card revenue 852 882 2,543 2,603
Other income (376) (422) (1,081) (1,153)
Total other income 4,523 3,700 13,600 11,764
Other expense:        
Salaries and employee benefits 5,914 5,424 17,437 16,483
Net occupancy and equipment expense 2,028 2,058 6,042 6,008
Net other real estate owned expense 59 455 357 1,052
FDIC insurance 202 217 665 937
Amortization of intangible assets 179 286 603 858
Stationery and supplies 134 143 445 432
Legal and professional 557 586 1,665 1,666
Marketing and donations 138 320 689 779
Other expense 1,351 1,375 4,058 3,952
Total other expense 10,562 10,864 31,961 32,167
Income before income taxes 5,851 4,250 16,809 12,739
Income taxes 2,204 1,571 6,293 4,637
Net income 3,647 2,679 10,516 8,102
Dividends on preferred shares 1,104 919 3,148 2,637
Net income available to common stockholders $ 2,543 $ 1,760 $ 7,368 $ 5,465
Per share data:        
Basic net income per common share available to common stockholders (in dollars per share) $ 0.42 $ 0.29 $ 1.22 $ 0.90
Diluted net income per common share available to common stockholders (in dollars per share) $ 0.42 $ 0.29 $ 1.22 $ 0.90
Cash dividends declared per common share (in dollars per share) $ 0.00 $ 0.00 $ 0.21 $ 0.19