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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, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
INTEREST AND DIVIDEND INCOME        
Interest and fees on loans $ 11,253 $ 11,190 $ 22,582 $ 22,189
Investment income:        
Interest and dividends on investment securities 2,983 3,508 6,063 6,530
Interest on interest earning deposits with banks and other short-term investments 10 14 20 44
Total interest and dividend income 14,246 14,712 28,665 28,763
INTEREST EXPENSE        
Savings, interest bearing checking and money market accounts 201 292 427 616
Time deposits $100 thousand and greater 301 296 581 608
Other time deposits 426 544 880 1,109
Securities sold under agreement to repurchase and other short-term debt 537 572 1,113 1,164
Long-term debt 442 515 889 1,021
Total interest expense 1,907 2,219 3,890 4,518
Net interest income 12,339 12,493 24,775 24,245
Provision for credit losses 200 250 450 250
Net interest income after provision for credit losses 12,139 12,243 24,325 23,995
NONINTEREST INCOME        
Net gains on investment securities 372 137 448 127
Trust division income 673 632 1,330 1,255
Service charges on deposits 991 1,072 1,968 2,034
Equity in losses of real estate limited partnerships (409) (426) (819) (883)
Gain on sale of other assets 334 0 334 0
Other 1,202 1,145 2,263 2,120
Total noninterest income 3,163 2,560 5,524 4,653
NONINTEREST EXPENSE        
Compensation and benefits 4,759 5,134 9,947 10,293
Occupancy expense 923 951 1,897 1,992
Equipment expense 889 813 1,793 1,602
Legal and professional fees 666 774 1,277 1,377
Marketing 493 445 904 784
State franchise taxes 316 317 644 630
FDIC Insurance 212 194 427 546
Prepayment penalty 686 0 686 0
Other Real Estate Owned ("OREO") expenses 31 65 64 81
Other 1,670 1,513 3,109 3,012
Total noninterest expenses 10,645 10,206 20,748 20,317
Income before provision for income taxes 4,657 4,597 9,101 8,331
Provision for income taxes 921 968 1,752 1,601
NET INCOME $ 3,736 $ 3,629 $ 7,349 $ 6,730
Basic earnings per common share $ 0.60 $ 0.58 $ 1.18 $ 1.09
Diluted earnings per common share $ 0.60 $ 0.58 $ 1.17 $ 1.08