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Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Interest income:      
Interest and fees on loans $ 43,949 $ 45,399 $ 41,803
Taxable 11,684 9,819 8,329
Exempt from federal income tax 0 1,194 370
Interest on certificates of deposit investments 57 78 110
Interest on federal funds sold 37 69 85
Interest on deposits with other financial institutions 40 213 186
Total interest income 55,767 56,772 50,883
Interest expense:      
Interest on deposits 4,843 6,725 8,471
Interest on securities sold under agreements to repurchase 117 172 133
Interest on FHLB borrowings 308 765 1,090
Interest on other borrowings 326 72 9
Interest on subordinated debentures 563 770 1,053
Total interest expense 6,157 8,504 10,756
Net interest income 49,610 48,268 40,127
Provision for loan losses 2,647 3,101 3,737
Net interest income after provision for loan losses 46,963 45,167 36,390
Other income:      
Trust revenues 3,330 3,030 2,601
Brokerage commissions 688 650 536
Insurance commissions 1,813 1,786 1,779
Service charges 4,808 4,817 4,662
Securities gains, net 934 486 543
Total other-than-temporary impairment recoveries (losses) 127 (886) (2,829)
Portion of loss recognized in other comprehensive loss 0 0 1,411
Other-than-temporary impairment recoveries (losses) recognized in earnings 127 (886) (1,418)
Mortgage banking revenue, net 1,509 788 776
ATM / debit card revenue 3,554 3,483 2,869
Other income (1,547) (1,633) (1,472)
Total other income 18,310 15,787 13,820
Other expense:      
Salaries and employee benefits 23,433 22,247 18,649
Net occupancy and equipment expense 8,088 7,960 5,851
Net other real estate owned expense 390 1,471 1,076
Amortization of intangible assets 875 1,167 1,508
Amortization of intangible assets 773 1,134 814
Stationery and supplies 609 581 610
Legal and professional 2,093 2,070 2,361
Marketing and donations 1,014 1,050 940
Other expense 5,563 5,373 5,118
Total other expense 42,838 43,053 36,927
Income before income taxes 22,435 17,901 13,283
Income taxes 8,410 6,529 4,522
Net income 14,025 11,372 8,761
Dividends on preferred shares 4,252 3,576 2,240
Net income available to common stockholders $ 9,773 $ 7,796 $ 6,521
Per share data:      
Basic net income per common share available to common stockholders $ 1.62 $ 1.29 $ 1.07
Diluted earnings per common share $ 1.62 $ 1.29 $ 1.07
Cash dividends declared per common share $ 0.42 $ 0.40 $ 0.38