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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 income        
Loans, including fees $ 19,128 $ 21,332 $ 38,615 $ 42,752
Securities 5,886 6,275 11,694 12,729
Other interest income 22 71 43 106
Total interest income 25,036 27,678 50,352 55,587
Interest expense        
Deposits 1,275 2,040 2,633 4,275
Federal Home Loan Bank advances 776 1,404 1,691 2,805
Subordinated debentures 434 456 863 922
Other borrowings 16 28 32 57
Total interest expense 2,501 3,928 5,219 8,059
Net interest income 22,535 23,750 45,133 47,528
Provision for loan losses 1,000 2,500 2,734 5,600
Net interest income after provision for loan losses 21,535 21,250 42,399 41,928
Non-interest income        
Mortgage banking 1,914 2,099 3,943 4,214
Trust and investment product fees 1,269 908 2,304 1,736
Service charges on deposit accounts 5,124 4,910 9,610 9,286
Net realized gains/(loss) on securities (includes ($11) and $833 accumulated other comprehensive income (AOCI) reclassifications for unrealized net gains/(losses) on available-for-sale securities in 2013) (11) 48 833 1,035
Other-than-temporary loss        
Total impairment loss       (500)
Net impairment loss recognized in earnings       (500)
Increase in cash surrender value of life insurance 350 280 692 567
Interchange income 1,902 1,732 3,513 3,382
Gain/(loss) on sale and write-down of OREO (22) 39 (318) (213)
Other income 835 727 1,049 1,058
Total non-interest income 11,361 10,743 21,626 20,565
Non-interest expense        
Salaries and employee benefits 12,799 12,535 26,317 24,791
Net occupancy 1,718 1,684 3,578 3,346
Equipment 2,440 2,159 4,795 4,243
Intangibles amortization 478 448 958 900
Telecommunications 450 432 906 837
Stationery printing and supplies 262 355 636 672
FDIC assessment 467 512 904 1,420
Marketing 964 994 2,009 1,942
Collection expense 859 968 1,809 2,017
Prepayment penalty on FHLB advance     2,239  
Consultant expense 375 250 750 250
Interchange expense 464 414 913 721
Other expenses 2,579 2,691 5,169 5,584
Total non-interest expense 23,855 23,442 50,983 46,723
Income before income tax 9,041 8,551 13,042 15,770
Income tax expense (includes ($4) and $292 income tax expense from AOCI reclassification items in 2013) 1,717 1,569 1,727 2,777
Net income 7,324 6,982 11,315 12,993
Redemption of preferred stock   60   1,302
Preferred dividends and discount accretion (203) (473) (405) (1,236)
Net income available to common shareholders $ 7,121 $ 6,569 $ 10,910 $ 13,059
Cash dividends declared per common share (in dollars per share) $ 0.06 $ 0.01 $ 0.12 $ 0.02
Net income per common share - basic (in dollars per share) $ 0.35 $ 0.32 $ 0.54 $ 0.65
Net income per common share - diluted (in dollars per share) $ 0.35 $ 0.32 $ 0.53 $ 0.64