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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Interest income    
Loans, including fees $ 19,108 $ 19,487
Securities 6,319 5,808
Other interest income 13 21
Total interest income 25,440 25,316
Interest expense    
Deposits 1,012 1,358
Federal Home Loan Bank advances 834 915
Subordinated debentures 351 429
Other borrowings 22 16
Total interest expense 2,219 2,718
Net interest income 23,221 22,598
Provision for loan losses 750 1,734
Net interest income after provision for loan losses 22,471 20,864
Non-interest income    
Mortgage banking 1,316 2,029
Trust and investment product fees 1,270 1,035
Service charges on deposit accounts 4,585 4,486
Net realized gains on securities (includes $844 accumulated other comprehensive income reclassifications for unrealized net gains on available-for-sale securities in 2013 )   844
Increase in cash surrender value of life insurance 327 342
Interchange income 1,735 1,611
(Loss) on sale and write-down of OREO (77) (296)
Other income 117 214
Total non-interest income 9,273 10,265
Non-interest expense    
Salaries and employee benefits 13,573 13,518
Net occupancy 2,139 1,860
Equipment 2,508 2,355
Intangibles amortization 432 480
Telecommunications 444 456
Stationery printing and supplies 287 374
FDIC assessment 435 437
Marketing 598 1,045
Collection expense 437 950
Prepayment penalty on FHLB advance   2,239
Consultant expense 350 375
Interchange expense 521 449
Other expenses 2,490 2,590
Total non-interest expense 24,214 27,128
Income before income tax 7,530 4,001
Income tax expense (includes $287 income tax expense from reclassification items in 2013) 1,305 10
Net income 6,225 3,991
Preferred dividends and discount accretion   (202)
Net income available to common shareholders $ 6,225 $ 3,789
Cash dividends declared per common share (in dollars per share) $ 0.10 $ 0.06
Net income per common share - basic and diluted (in dollars per share) $ 0.30 $ 0.19