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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per 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 $ 18,699 $ 20,231 $ 37,908 $ 40,530
Interest on taxable investment securities 3,601 4,276 7,208 8,345
Interest on nontaxable investment securities 509 535 1,001 1,014
Interest on deposits in other banks 32 61 56 131
Interest on federal funds sold 0 1 1 2
Total interest income 22,841 25,104 46,174 50,022
INTEREST EXPENSE:        
Savings, interest bearing demand deposits and money market 184 702 377 1,454
Time deposits 247 774 631 1,831
Short-term borrowings 4 46 5 46
Long-term borrowings 331 1,289 644 2,610
Junior subordinated debentures 302 332 611 608
Total interest expense 1,068 3,143 2,268 6,549
Net interest income 21,773 21,961 43,906 43,473
Provision (benefit) for credit losses (492) 3,426 (403) 5,502
Net interest income after provision for credit losses 22,265 18,535 44,309 37,971
NONINTEREST INCOME:        
Service charges on deposit accounts 3,212 3,575 6,030 7,219
Payment systems related revenue 3,084 3,169 6,157 6,099
Trust and investment services revenue 1,457 1,208 2,392 2,356
Gains on sales of loans 722 300 1,457 813
Other real estate owned valuation adjustments and (loss) gain on sales (1,030) (910) (1,604) (1,244)
Gain (loss) on securities, net:        
Gains (losses) on sales of securities 228 130 375 397
Other-than-temporary impairment losses on securities 0 (1,636) (1,726) (1,636)
Portion of other-than-temporary, non-credit related losses recognized in other comprehensive income 0 1,457 1,677 1,457
Total net gains (losses) on securities 228 (49) 326 218
Other noninterest income 821 777 1,623 1,525
Total noninterest income 8,494 8,070 16,381 16,986
NONINTEREST EXPENSE:        
Salaries and employee benefits 12,081 12,119 23,559 23,996
Equipment 1,584 1,564 3,246 3,092
Occupancy 2,119 2,232 4,194 4,397
Payment systems related expense 1,075 1,350 2,194 2,597
Professional fees 1,060 976 2,171 1,958
Postage, printing and office supplies 729 862 1,548 1,672
Marketing 255 831 567 1,482
Communications 419 389 799 767
Other noninterest expense 2,154 2,635 4,223 5,550
Total noninterest expense 21,476 22,958 42,501 45,511
INCOME BEFORE INCOME TAXES 9,283 3,647 18,189 9,446
PROVISION (BENEFIT) FOR INCOME TAXES 3,249 (987) 6,366 (293)
NET INCOME $ 6,034 $ 4,634 $ 11,823 $ 9,739
Basic earnings per share (in dollars per share) $ 0.29 $ 0.23 $ 0.58 $ 0.48
Diluted earnings per share (in dollars per share) $ 0.28 $ 0.22 $ 0.55 $ 0.45
Weighted average common shares (in shares) 19,082 19,006 19,060 18,983
Weighted average diluted shares (in shares) 20,256 20,025 20,161 19,982