XML 91 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Interest income:      
Interest and fees on loans $ 42,184 $ 43,949 $ 45,399
Taxable 9,153 9,987 9,819
Exempt from federal income tax 2,069 1,697 1,194
Interest on certificates of deposit investments 14 57 78
Interest on federal funds sold 6 37 69
Interest on deposits with other financial institutions 33 40 213
Total interest income 53,459 55,767 56,772
Interest expense:      
Interest on deposits 2,703 4,843 6,725
Interest on securities sold under agreements to repurchase 46 117 172
Interest on FHLB borrowings 254 308 765
Interest on other borrowings 9 326 72
Interest on subordinated debentures 523 563 770
Total interest expense 3,535 6,157 8,504
Net interest income 49,924 49,610 48,268
Provision for loan losses 2,193 2,647 3,101
Net interest income after provision for loan losses 47,731 46,963 45,167
Other income:      
Trust revenues 3,565 3,330 3,030
Brokerage commissions 833 688 650
Insurance commissions 1,638 1,813 1,786
Service charges 4,865 4,808 4,817
Securities gains, net 2,293 934 486
Total other-than-temporary impairment recoveries (losses) 0 127 (886)
Portion of loss recognized in other comprehensive loss 0 0 0
Other-than-temporary impairment recoveries (losses) recognized in earnings 0   (886)
Other than Temporary Impairment, Credit Losses Recognized in Earnings, Reductions, Change in Status 2,878 127 0
Mortgage banking revenue, net 935 1,509 788
ATM / debit card revenue 3,772 3,554 3,483
Other income (1,440) (1,547) (1,633)
Total other income 19,341 18,310 15,787
Other expense:      
Salaries and employee benefits 24,128 23,433 22,247
Net occupancy and equipment expense 8,223 8,088 7,960
Net other real estate owned expense 163 390 1,471
Amortization of intangible assets 832 875 1,167
Amortization of intangible assets 674 773 1,134
Stationery and supplies 603 609 581
Legal and professional 2,070 2,093 2,070
Marketing and donations 1,221 1,014 1,050
Other expense 5,590 5,563 5,373
Total other expense 43,504 42,838 43,053
Income before income taxes 23,568 22,435 17,901
Income taxes 8,846 8,410 6,529
Net income 14,722 14,025 11,372
Dividends on preferred shares 4,417 4,252 3,576
Net income available to common stockholders $ 10,305 $ 9,773 $ 7,796
Per share data:      
Basic net income per common share available to common stockholders $ 1.74 $ 1.62 $ 1.29
Diluted earnings per common share $ 1.73 $ 1.62 $ 1.29
Cash dividends declared per common share $ 0.46 $ 0.42 $ 0.40