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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, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
INTEREST AND DIVIDEND INCOME        
Interest and Fees on Loans $ 12,650 $ 13,628 $ 25,433 $ 27,586
Interest on Deposits at Banks 19 36 46 57
Interest and Dividends on Investment Securities:        
Fully Taxable 1,639 2,480 3,435 5,118
Exempt from Federal Taxes 1,501 1,389 2,891 2,710
Total Interest and Dividend Income 15,809 17,533 31,805 35,471
INTEREST EXPENSE        
NOW Accounts 786 976 1,564 2,035
Savings Deposits 277 329 545 686
Time Deposits of $100,000 or More 305 569 624 1,177
Other Time Deposits 505 1,074 1,059 2,220
Federal Funds Purchased and Securities Sold Under Agreements to Repurchase 6 5 9 11
Federal Home Loan Bank Advances 199 172 372 369
Junior Subordinated Obligations Issued to Unconsolidated Subsidary Trusts 145 154 289 313
Total Interest Expense 2,223 3,279 4,462 6,811
NET INTEREST INCOME 13,586 14,254 27,343 28,660
Provision for Loan Losses 100 240 200 520
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 13,486 14,014 27,143 28,140
NONINTEREST INCOME        
Income from Fiduciary Activities 1,758 1,601 3,332 3,223
Fees for Other Services to Customers 2,371 2,054 4,653 4,014
Insurance Commissions 2,176 2,107 4,204 3,996
Gain on Securities Transactions 13 143 540 645
Net Gains on Sale of Loans 498 537 1,105 894
Other Operating Income 255 366 411 595
Total Noninterest Income 7,071 6,808 14,245 13,367
NONINTEREST EXPENSE        
Salaries and Employee Benefits 7,637 7,794 15,258 15,697
Occupancy Expense, Net 2,119 1,970 4,395 3,994
FDIC Assessments 267 256 531 511
Other Operating Expense 3,251 2,631 6,501 5,595
Total Noninterest Expense 13,274 12,651 26,685 25,797
INCOME BEFORE PROVISION FOR INCOME TAXES 7,283 8,171 14,703 15,710
Provision for Income Taxes 2,076 2,577 4,315 4,828
Net Income $ 5,207 $ 5,594 $ 10,388 $ 10,882
Average Shares Outstanding:        
Basic, in shares 12,021 [1],[2] 11,994 [1],[2] 12,026 [1],[2] 12,000 [1],[2]
Diluted, in shares 12,038 [1],[2] 12,009 [1],[2] 12,044 [1],[2] 12,019 [1],[2]
Per Common Share:        
Basic Earnings, in dollars per share $ 0.43 [1],[2] $ 0.47 [1],[2] $ 0.86 [1],[2] $ 0.91 [1],[2]
Diluted Earnings, in dollars per share $ 0.43 [1],[2] $ 0.47 [1],[2] $ 0.86 [1],[2] $ 0.91 [1],[2]
[1] All share and per share amounts have been adjusted for the September 2012 2% stock dividend
[2] Share and Per Share Amounts have been restated for the September 2012 2% stock dividend.