XML 24 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
INTEREST AND DIVIDEND INCOME    
Interest and Fees on Loans $ 13,958 $ 15,015
Interest on Deposits at Banks 21 22
Interest and Dividends on Investment Securities:    
Fully Taxable 2,638 3,350
Exempt from Federal Taxes 1,321 1,504
Total Interest and Dividend Income 17,938 19,891
INTEREST EXPENSE    
NOW Accounts 1,059 1,331
Savings Deposits 357 503
Time Deposits of $100,000 or More 608 667
Other Time Deposits 1,146 1,352
Federal Funds Purchased and Securities Sold Under Agreements to Repurchase 6 24
Federal Home Loan Bank Advances 197 1,316
Junior Subordinated Obligations Issued to Unconsolidated Subsidary Trusts 159 144
Total Interest Expense 3,532 5,337
NET INTEREST INCOME 14,406 14,554
Provision for Loan Losses 280 220
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 14,126 14,334
NONINTEREST INCOME    
Income from Fiduciary Activities 1,622 1,546
Fees for Other Services to Customers 1,960 1,915
Insurance Commissions 1,889 1,466
Net Gains on Securities Transactions 502 542
Net Gains on Sale of Loans 357 51
Other Operating Income 229 100
Total Noninterest Income 6,559 5,620
NONINTEREST EXPENSE    
Salaries and Employee Benefits 7,903 7,202
Occupancy Expense, Net 2,024 1,918
FDIC Assessments 255 513
Other Operating Expense 2,964 2,686
Total Noninterest Expense 13,146 12,319
INCOME BEFORE PROVISION FOR INCOME TAXES 7,539 7,635
Provision for Income Taxes 2,251 2,354
Net Income $ 5,288 $ 5,281
Average Shares Outstanding:    
Basic 11,770 11,675
Diluted 11,794 11,698
Per Common Share    
Basic Earnings $ 0.45 $ 0.45
Diluted Earnings $ 0.45 $ 0.45