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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, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
INTEREST AND DIVIDEND INCOME        
Interest and fees on loans $ 11,278 $ 11,641 $ 33,860 $ 33,830
Investment income:        
Interest and dividends on investment securities 2,942 3,187 9,005 9,717
Interest on interest earning deposits with banks and other short-term investments 9 37 29 81
Total interest and dividend income 14,229 14,865 42,894 43,628
INTEREST EXPENSE        
Savings, interest bearing checking and money market accounts 176 298 603 914
Time deposits $100 thousand and greater 271 288 852 896
Other time deposits 413 525 1,293 1,634
Securities sold under agreement to repurchase and other short-term debt 341 518 1,454 1,682
Long-term debt 364 492 1,253 1,513
Total interest expense 1,565 2,121 5,455 6,639
Net interest income 12,664 12,744 37,439 36,989
Provision for credit losses 250 250 700 500
Net interest income after provision for credit losses 12,414 12,494 36,739 36,489
NONINTEREST INCOME        
Changes in fair value on impaired securities 0 (10) 0 (20)
Non-credit related (gain) losses on securities not expected to be sold (recognized in other comprehensive income) 0 10 0 20
Net impairment losses 0 0 0 0
Net (losses) gains on investment securities (26) 920 422 1,047
Trust division income 670 639 2,000 1,894
Service charges on deposits 1,033 1,161 3,001 3,195
Equity in losses of real estate limited partnerships (370) (441) (1,189) (1,324)
Gain on sale of other assets 749 0 1,083 0
Other 1,143 1,133 3,406 3,253
Total noninterest income 3,199 3,412 8,723 8,065
NONINTEREST EXPENSE        
Compensation and benefits 4,809 5,251 14,756 15,544
Occupancy expense 946 935 2,843 2,927
Equipment expense 891 848 2,684 2,450
Legal and professional fees 677 721 1,954 2,098
Marketing 360 475 1,264 1,259
State franchise taxes 321 321 965 951
FDIC Insurance 217 194 644 740
Prepayment penalty 677 861 1,363 861
Other Real Estate Owned ("OREO") expenses 65 47 129 128
Other 1,486 1,392 4,595 4,404
Total noninterest expenses 10,449 11,045 31,197 31,362
Income before provision for income taxes 5,164 4,861 14,265 13,192
Provision for income taxes 1,159 680 2,911 2,281
NET INCOME $ 4,005 $ 4,181 $ 11,354 $ 10,911
Basic earnings per common share $ 0.64 $ 0.67 $ 1.82 $ 1.76
Diluted earnings per common share $ 0.64 $ 0.67 $ 1.81 $ 1.76