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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Interest income    
Loans, including fees $ 21,420 $ 23,970
Securities 6,454 7,184
Other interest income 35 23
Total interest income 27,909 31,177
Interest expense    
Deposits 2,235 4,286
Federal Home Loan Bank advances 1,401 1,460
Subordinated debentures 466 429
Other borrowings 29 52
Total interest expense 4,131 6,227
Net interest income 23,778 24,950
Provision for loan losses 3,100 5,600
Net interest income after provision for loan losses 20,678 19,350
Non-interest income    
Mortgage banking 2,115 1,318
Trust and investment product fees 828 940
Service charges on deposit accounts 4,376 3,898
Net realized gains on securities 487 1,133
Increase in cash surrender value of life insurance 287 291
Interchange income 1,650 1,416
Loss on sale and write-down of OREO (252) (365)
Other income 331 688
Total non-interest income 9,822 9,319
Non-interest expense    
Salaries and employee benefits 12,256 12,833
Net occupancy 1,662 1,767
Equipment 2,084 1,980
Intangibles amortization 452 492
Telecommunications 405 472
Stationery printing and supplies 317 414
FDIC assessment 908 1,261
Marketing 948 1,081
Collection expense 1,049 1,014
Other expenses 3,200 2,506
Total non-interest expense 23,281 23,820
Income before income tax 7,219 4,849
Income tax expense 1,208 303
Net income 6,011 4,546
Preferred dividends and discount accretion (763) (763)
Net income available to common shareholders 5,248 3,783
Net income 6,011 4,546
Other comprehensive income/(loss), net of tax (39) 2,839
Comprehensive income $ 5,972 $ 7,385
Cash dividends declared per common share (in dollars per share) $ 0.010 $ 0.010
Net income per common share-basic and diluted (in dollars per share) $ 0.26 $ 0.19