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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 AND DIVIDEND INCOME        
Interest and Fees on Loans $ 13,628 $ 14,714 $ 27,586 $ 29,729
Interest on Deposits at Banks 36 22 57 44
Interest and Dividends on Investment Securities:        
Fully Taxable 2,480 3,323 5,118 6,673
Exempt from Federal Taxes 1,389 1,497 2,710 3,001
Total Interest and Dividend Income 17,533 19,556 35,471 39,447
INTEREST EXPENSE        
NOW Accounts 976 1,361 2,035 2,692
Savings Deposits 329 503 686 1,006
Time Deposits of $100,000 or More 569 664 1,177 1,331
Other Time Deposits 1,074 1,292 2,220 2,644
Federal Funds Purchased and Securities Sold Under Agreements to Repurchase 5 23 11 47
Federal Home Loan Bank Advances 172 986 369 2,302
Junior Subordinated Obligations Issued to Unconsolidated Subsidary Trusts 154 146 313 290
Total Interest Expense 3,279 4,975 6,811 10,312
NET INTEREST INCOME 14,254 14,581 28,660 29,135
Provision for Loan Losses 240 170 520 390
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 14,014 14,411 28,140 28,745
NONINTEREST INCOME        
Income from Fiduciary Activities 1,601 1,526 3,223 3,072
Fees for Other Services to Customers 2,054 2,058 4,014 3,973
Insurance Commissions 2,107 1,815 3,996 3,281
Gain on Securities Transactions 143 482 645 1,024
Net Gains on Sale of Loans 537 167 894 218
Other Operating Income 366 180 595 280
Total Noninterest Income 6,808 6,228 13,367 11,848
NONINTEREST EXPENSE        
Salaries and Employee Benefits 7,794 7,233 15,697 14,435
Occupancy Expense, Net 1,970 1,894 3,994 3,812
FDIC Assessments 256 267 511 780
Other Operating Expense 2,631 2,777 5,595 5,463
Total Noninterest Expense 12,651 12,171 25,797 24,490
INCOME BEFORE PROVISION FOR INCOME TAXES 8,171 8,468 15,710 16,103
Provision for Income Taxes 2,577 2,619 4,828 4,973
Net Income $ 5,594 $ 5,849 $ 10,882 $ 11,130
Average Shares Outstanding:        
Basic, in shares 11,759 11,729 11,765 11,702
Diluted, in shares 11,773 11,741 11,784 11,719
Per Common Share:        
Basic Earnings, in dollars per share $ 0.48 $ 0.50 $ 0.92 $ 0.95
Diluted Earnings, in dollars per share $ 0.48 $ 0.50 $ 0.92 $ 0.95