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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Interest and fees on loans        
Taxable $ 24,388 $ 25,795 $ 48,874 $ 51,986
Tax exempt 102 112 204 224
Interest and dividends on securities        
Taxable 1,152 2,627 2,097 5,391
Tax exempt 770 699 1,505 1,396
Interest on short-term investments 12 16 36 27
Total interest income 26,424 29,249 52,716 59,024
Interest on deposits 4,139 6,602 8,776 13,363
Interest on borrowings        
Short-term 112 104 203 217
Long-term 261 395 568 799
Total interest expense 4,512 7,101 9,547 14,379
NET INTEREST INCOME 21,912 22,148 43,169 44,645
Provision for loan losses 0 500 0 1,299
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 21,912 21,648 43,169 43,346
NONINTEREST INCOME        
Wealth advisory fees 971 897 1,915 1,811
Investment brokerage fees 997 940 1,946 1,740
Service charges on deposit accounts 2,252 2,011 4,223 3,892
Loan, insurance and service fees 1,812 1,452 3,268 2,641
Merchant card fee income 293 289 569 605
Other income 706 280 2,081 945
Mortgage banking income 538 392 1,047 984
Net securities gains 0 0 1 3
Other than temporary impairment loss on available-for-sale securities:        
Total impairment losses recognized on securities 0 (475) 0 (985)
Loss recognized in other comprehensive income 0 26 0 26
Net impairment loss recognized in earnings 0 (449) 0 (959)
Total noninterest income 7,569 5,812 15,050 11,662
NONINTEREST EXPENSE        
Salaries and employee benefits 8,891 8,363 18,056 17,438
Net occupancy expense 873 831 1,719 1,716
Equipment costs 654 596 1,263 1,213
Data processing fees and supplies 1,379 1,060 2,672 1,901
Other expense 3,294 3,399 6,274 6,661
Total noninterest expense 15,091 14,249 29,984 28,929
INCOME BEFORE INCOME TAX EXPENSE 14,390 13,211 28,235 26,079
Income tax expense 5,154 4,392 9,753 8,634
NET INCOME $ 9,236 $ 8,819 $ 18,482 $ 17,445
BASIC WEIGHTED AVERAGE COMMON SHARES 16,425,382 16,324,928 16,411,695 16,298,981
BASIC EARNINGS PER COMMON SHARE $ 0.56 $ 0.54 $ 1.13 $ 1.07
DILUTED WEIGHTED AVERAGE COMMON SHARES 16,546,547 16,453,561 16,524,250 16,450,832
DILUTED EARNINGS PER COMMON SHARE $ 0.56 $ 0.54 $ 1.12 $ 1.06