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CONSOLIDATED STATEMENTS OF INCOME (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 INCOME:        
Loans, including related fees $ 23,004 $ 24,032 $ 45,960 $ 48,052
Securities:        
Taxable 4,321 4,842 8,516 9,850
Tax-exempt 1,699 1,676 3,363 3,302
Other 471 430 947 968
TOTAL INTEREST INCOME 29,495 30,980 58,786 62,172
INTEREST EXPENSE:        
Deposits 3,082 4,259 6,365 8,657
Short-term borrowings 41 80 95 170
Other borrowings 1,213 2,560 2,412 5,983
TOTAL INTEREST EXPENSE 4,336 6,899 8,872 14,810
NET INTEREST INCOME 25,159 24,081 49,914 47,362
Provision for loan losses 1,352 2,190 2,534 4,620
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 23,807 21,891 47,380 42,742
NON-INTEREST INCOME:        
Trust and financial services 1,191 1,197 2,528 2,456
Service charges and fees on deposit accounts 2,354 2,670 4,503 5,072
Other service charges and fees 2,092 1,938 4,081 3,759
Securities gains/(losses), net 4   7 245
Total impairment Losses (97) (71) (97) (3,170)
Net impairment loss recognized in earnings (97) (71) (97) (3,170)
Insurance commissions 1,673 1,582 3,393 3,252
Gain on sales of mortgage loans 401 399 738 671
Other 268 157 1,035 601
TOTAL NON-INTEREST INCOME 7,886 7,872 16,188 12,886
NON-INTEREST EXPENSE:        
Salaries and employee benefits 11,517 10,678 22,955 21,508
Occupancy expense 1,203 1,151 2,453 2,402
Equipment expense 1,095 1,205 2,229 2,421
FDIC Expense 536 727 1,279 1,429
Other 5,061 4,939 9,446 9,221
TOTAL NON-INTEREST EXPENSE 19,412 18,700 38,362 36,981
INCOME BEFORE INCOME TAXES 12,281 11,063 25,206 18,647
Provision for income taxes 3,864 3,350 7,986 5,248
NET INCOME $ 8,417 $ 7,713 $ 17,220 $ 13,399
PER SHARE DATA        
Basic (in dollars per share) $ 0.64 $ 0.59 $ 1.31 $ 1.02
Diluted (in dollars per share) $ 0.64 $ 0.59 $ 1.31 $ 1.02
Dividends Per Share (in dollars per share) $ 0.47 $ 0.46 $ 0.47 $ 0.46
Weighted average number of shares outstanding (in thousands) (in shares) 13,152 13,112 13,152 13,116