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Consolidated Statements Of Income (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Interest income        
Interest and fees on loans $ 9,414 $ 8,950 $ 18,799 $ 18,167
Interest and dividends on investment securities:        
Taxable 3,112 3,428 6,200 6,806
Tax-exempt 826 351 1,599 439
Dividends 140 149 289 333
Interest on federal funds sold and other short-term investment 4 0 4 0
Total interest income 13,496 12,878 26,891 25,745
Interest expense        
Interest on certificates of deposit $100 or more 182 348 434 613
Interest on other deposits 1,126 1,072 2,282 2,074
Interest on borrowings 1,642 1,665 3,284 3,320
Total interest expense 2,950 3,085 6,000 6,007
Net interest income 10,546 9,793 20,891 19,738
Provision for loan losses (107) 250 0 1,128
Net interest income after provision for loan losses 10,653 9,543 20,891 18,610
Other income        
Service charges, commissions and fees 421 461 867 910
Annuities and insurance commissions 48 33 92 39
Bank-owned life insurance 246 261 497 521
Loan related fees 195 145 431 232
Other 181 31 222 60
Other-than-temporary impairment losses on investment securities (140) (142) (198) (237)
Net other-than-temporary impairment losses on investment securities (140) (142) (198) (237)
Net gains on sale of investment securities 653 943 1,648 1,804
Net investment securities gains 513 801 1,450 1,567
Total other income 1,604 1,732 3,559 3,329
Other expense        
Salaries and employee benefits 3,055 2,903 6,173 5,770
Occupancy and equipment 606 667 1,306 1,533
FDIC insurance 270 528 569 1,056
Professional and consulting 294 245 540 486
Stationery and printing 96 99 180 200
Marketing and advertising 56 65 87 86
Computer expense 362 350 715 689
Other real estate owned, net 22 0 84 (1)
All Other 929 900 1,843 1,873
Total other expense 5,690 5,757 11,497 11,692
Income before income tax expense 6,567 5,518 12,953 10,247
Income tax expense 2,214 1,934 4,369 3,645
Net Income 4,353 3,584 8,584 6,602
Preferred stock dividends and accretion 84 145 225 291
Net income available to common stockholders $ 4,269 $ 3,439 $ 8,359 $ 6,311
Earnings per common share        
Basic $ 0.26 $ 0.21 $ 0.51 $ 0.39
Diluted $ 0.26 $ 0.21 $ 0.51 $ 0.39
Weighted Average Common Shares Outstanding        
Basic 16,333,653 16,290,700 16,332,990 16,290,547
Diluted 16,341,767 16,315,667 16,340,011 16,309,026
Dividend paid per common share $ 0.03 $ 0.03 $ 0.06 $ 0.06