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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Interest income    
Loans, including fees $ 19,487 $ 21,420
Securities 5,808 6,454
Other interest income 21 35
Total interest income 25,316 27,909
Interest expense    
Deposits 1,358 2,235
Federal Home Loan Bank advances 915 1,401
Subordinated debentures 429 466
Other borrowings 16 29
Total interest expense 2,718 4,131
Net interest income 22,598 23,778
Provision for loan losses 1,734 3,100
Net interest income after provision for loan losses 20,864 20,678
Non-interest income    
Mortgage banking 2,029 2,115
Trust and investment product fees 1,035 828
Service charges on deposit accounts 4,486 4,376
Net realized gains on securities (includes $844 accumulated other comprehensive income reclassifications for unrealized net gains on available-for-sale securities in 2013) 844 987
Other-than-temporary loss    
Total impairment loss   (500)
Loss recognized in other comprehensive income 0  
Net impairment loss recognized in earnings   (500)
Increase in cash surrender value of life insurance 342 287
Interchange income 1,611 1,650
Loss on sale and write-down of OREO (296) (252)
Other income 214 331
Total non-interest income 10,265 9,822
Non-interest expense    
Salaries and employee benefits 13,518 12,256
Net occupancy 1,860 1,662
Equipment 2,355 2,084
Intangibles amortization 480 452
Telecommunications 456 405
Stationery printing and supplies 374 317
FDIC assessment 437 908
Marketing 1,045 948
Collection expense 950 1,049
Prepayment penalty on FHLB advance 2,239  
Consultant expense 375 50
Interchange expense 449 307
Other expenses 2,590 2,843
Total non-interest expense 27,128 23,281
Income before income tax 4,001 7,219
Income tax expense (includes $287 income tax expense from reclassification items in 2013) 10 1,208
Net income 3,991 6,011
Redemption of preferred stock   1,242
Preferred dividends and accretion (202) (763)
Net income available to common shareholders $ 3,789 $ 6,490
Cash dividends declared per common share (in dollars per share) $ 0.06 $ 0.01
Net income per common share - basic and diluted (in dollars per share) $ 0.19 $ 0.32