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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 income        
Loans, including fees $ 19,185 $ 20,843 $ 57,800 $ 63,595
Securities 6,182 5,954 17,876 18,683
Other interest income 10 35 53 141
Total interest income 25,377 26,832 75,729 82,419
Interest expense        
Deposits 1,166 1,771 3,799 6,046
Federal Home Loan Bank advances 819 1,239 2,510 4,044
Subordinated debentures 421 460 1,284 1,382
Other borrowings 18 31 50 88
Total interest expense 2,424 3,501 7,643 11,560
Net interest income 22,953 23,331 68,086 70,859
Provision for loan losses 1,000 2,000 3,734 7,600
Net interest income after provision for loan losses 21,953 21,331 64,352 63,259
Non-interest income        
Mortgage banking 1,553 2,114 5,496 6,328
Trust and investment product fees 1,238 819 3,542 2,555
Service charges on deposit accounts 5,518 5,282 15,128 14,568
Net realized gains/(loss) on securities (includes $2 and $835 accumulated other comprehensive income (AOCI) reclassifications for unrealized net gains/(losses) on available-for-sale securities in 2013) 2 832 835 1,867
Other-than-temporary loss        
Total impairment loss       (500)
Net impairment loss recognized in earnings       (500)
Increase in cash surrender value of life insurance 350 293 1,042 860
Interchange income 1,804 1,582 5,317 4,964
Gain/(loss) on sale and write-down of OREO (38) (172) (356) (385)
Other income 756 827 1,805 1,885
Total non-interest income 11,183 11,577 32,809 32,142
Non-interest expense        
Salaries and employee benefits 13,090 12,151 39,407 36,942
Net occupancy 1,737 1,762 5,315 5,108
Equipment 2,583 2,137 7,378 6,380
Intangibles amortization 455 445 1,413 1,345
Telecommunications 450 441 1,356 1,278
Stationery printing and supplies 281 321 917 993
FDIC assessment 431 542 1,335 1,962
Marketing 647 1,139 2,656 3,081
Collection expense 625 821 2,434 2,838
Prepayment penalty on FHLB advance   1,313 2,239 1,313
Consultant expense 475 325 1,225 575
Interchange expense 491 438 1,404 1,159
Other expenses 2,224 2,568 7,393 8,152
Total non-interest expense 23,489 24,403 74,472 71,126
Income before income tax 9,647 8,505 22,689 24,275
Income tax expense (includes ($0) and $292 income tax expense from AOCI reclassification items in 2013) 2,015 1,519 3,742 4,296
Net income 7,632 6,986 18,947 19,979
Redemption of preferred stock (148)   (148) 1,302
Preferred dividends and discount accretion (99) (458) (504) (1,694)
Net income available to common shareholders $ 7,385 $ 6,528 $ 18,295 $ 19,587
Cash dividends declared per common share (in dollars per share) $ 0.08 $ 0.03 $ 0.20 $ 0.05
Net income per common share - basic (in dollars per share) $ 0.36 $ 0.32 $ 0.90 $ 0.97
Net income per common share - diluted (in dollars per share) $ 0.36 $ 0.32 $ 0.90 $ 0.96