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Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
INTEREST AND DIVIDEND INCOME        
Interest and Fees on Loans $ 12,846 $ 13,569 $ 38,279 $ 41,155
Interest on Deposits at Banks 11 23 57 80
Interest and Dividends on Investment Securities:        
Fully Taxable 1,556 2,191 4,991 7,309
Exempt from Federal Taxes 1,461 1,385 4,352 4,095
Total Interest and Dividend Income 15,874 17,168 47,679 52,639
INTEREST EXPENSE        
NOW Accounts 423 675 1,987 2,710
Savings Deposits 240 319 785 1,005
Time Deposits of $100,000 or More 297 459 921 1,636
Other Time Deposits 470 855 1,529 3,075
Federal Funds Purchased and Securities Sold Under Agreements to Repurchase 5 6 14 17
Federal Home Loan Bank Advances 167 174 539 543
Junior Subordinated Obligations Issued to Unconsolidated Subsidary Trusts 145 155 434 468
Total Interest Expense 1,747 2,643 6,209 9,454
NET INTEREST INCOME 14,127 14,525 41,470 43,185
Provision for Loan Losses 0 150 200 670
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 14,127 14,375 41,270 42,515
NONINTEREST INCOME        
Income from Fiduciary Activities 1,688 1,563 5,020 4,786
Fees for Other Services to Customers 2,403 2,097 7,056 6,111
Insurance Commissions 2,404 2,223 6,608 6,219
Net Gain on Securities Transactions 0 64 540 709
Net Gains on Sale of Loans 166 600 1,271 1,494
Other Operating Income 278 288 689 883
Total Noninterest Income 6,939 6,835 21,184 20,202
NONINTEREST EXPENSE        
Salaries and Employee Benefits 7,856 7,964 23,114 23,661
Occupancy Expense, Net 1,882 1,779 6,277 5,773
FDIC Assessments 269 255 800 766
Other Operating Expense 3,126 2,924 9,627 8,519
Total Noninterest Expense 13,133 12,922 39,818 38,719
INCOME BEFORE PROVISION FOR INCOME TAXES 7,933 8,288 22,636 23,998
Provision for Income Taxes 2,310 2,540 6,625 7,368
Net Income $ 5,623 $ 5,748 $ 16,011 $ 16,630
Average Shares Outstanding:        
Basic, in shares 12,308 [1],[2] 12,252 [1],[2] 12,282 [1],[2] 12,244 [1],[2]
Diluted, in shares 12,344 [1],[2] 12,273 [1],[2] 12,302 [1],[2] 12,262 [1],[2]
Per Common Share:        
Basic Earnings, in dollars per share $ 0.46 [1],[2] $ 0.47 [1],[2] $ 1.30 [1],[2] $ 1.36 [1],[2]
Diluted Earnings, in dollars per share $ 0.46 [1],[2] $ 0.47 [1],[2] $ 1.30 [1],[2] $ 1.36 [1],[2]
[1] All share and per share amounts have been adjusted for the September 2013 2% stock dividend
[2] Share and Per Share Amounts have been restated for the September 2013 2% stock dividend.