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Consolidated Income Statement (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
INTEREST AND DIVIDEND INCOME      
Interest and Fees on Loans $ 58,599 $ 64,283 $ 66,427
Interest on Deposits at Banks 99 157 149
Interest and Dividends on Investment Securities:      
Fully Taxable 12,402 14,701 14,739
Exempt from Federal Taxes 5,691 5,831 5,542
Total Interest and Dividend Income 76,791 84,972 86,857
INTEREST EXPENSE      
NOW Accounts 5,052 5,582 5,172
Savings Deposits 1,898 2,136 2,101
Time Deposits of $100,000 or More 2,633 2,903 3,718
Other Time Deposits 5,143 5,900 7,331
Federal Funds Purchased and Securities Sold Under Agreements to Repurchase 74 124 129
Federal Home Loan Bank Advances 3,295 6,458 7,340
Junior Subordinated Obligations Issued to Unconsolidated Subsidary Trusts 584 592 701
Total Interest Expense 18,679 23,695 26,492
NET INTEREST INCOME 58,112 61,277 60,365
Provision for Loan Losses 845 1,302 1,783
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 57,267 59,975 58,582
NONINTEREST INCOME      
Income from Fiduciary Activities 6,113 5,391 5,009
Fees for Other Services to Customers 8,034 7,864 8,051
Insurance Commissions 7,374 2,987 2,412
Net Gains on Securities Transactions 2,795 1,507 357
Net Gains on Sale of Loans 866 1,024 418
Other-Than-Temporary Impairment on Investment Securities 0 0 (375)
Net Gain on Sale of Merchange Bank Card Processing 0 0 2,966
Other Operating Income 746 316 754
Total Noninterest Income 25,928 19,089 19,592
NONINTEREST EXPENSE      
Salaries and Employee Benefits 30,205 27,552 27,042
Occupancy Expense, Net 7,369 6,849 6,580
FDIC Assessments 1,292 1,982 2,774
Prepayment Penalty on FHLB Advances 1,638 0 0
Other Operating Expense 11,044 11,035 10,196
Total Noninterest Expense 51,548 47,418 46,592
INCOME BEFORE PROVISION FOR INCOME TAXES 31,647 31,646 31,582
Provision for Income Taxes 9,714 9,754 9,790
Net Income $ 21,933 $ 21,892 $ 21,792
Average Shares Outstanding:      
Basic 11,735 11,604 11,568
Diluted 11,747 11,639 11,620
Earnings Per Share      
Basic Earnings $ 1.87 $ 1.89 $ 1.88
Diluted Earnings $ 1.87 $ 1.88 $ 1.88