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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 AND DIVIDEND INCOME        
Interest and fees on loans $ 11,070 $ 11,278 $ 32,864 $ 33,860
Investment income:        
Interest and dividends on investment securities 2,301 2,942 7,649 9,005
Interest on interest earning deposits with banks and other short-term investments 13 9 38 29
Total interest and dividend income 13,384 14,229 40,551 42,894
INTEREST EXPENSE        
Savings, interest bearing checking and money market accounts 416 176 758 603
Time deposits $100 thousand and greater 193 271 605 852
Other time deposits 339 413 1,059 1,293
Securities sold under agreement to repurchase and other short-term debt 83 341 817 1,454
Long-term debt 201 364 602 1,253
Total interest expense 1,232 1,565 3,841 5,455
Net interest income 12,152 12,664 36,710 37,439
Provision for credit losses 400 250 800 700
Net interest income after provision for credit losses 11,752 12,414 35,910 36,739
NONINTEREST INCOME        
Net gains (losses) on investment securities 1 (26) (12) 422
Trust division income 759 670 2,278 2,000
Service charges on deposits 995 1,033 2,972 3,001
Net debit card income 720 686 2,114 2,102
Gain on sale of other assets 0 749 0 1,083
Other 311 352 846 1,020
Total noninterest income 2,786 3,464 8,198 9,628
NONINTEREST EXPENSE        
Compensation and benefits 4,754 4,809 14,059 14,756
Occupancy expense 1,021 946 3,085 2,843
Equipment expense 889 891 2,768 2,684
Legal and professional fees 695 677 2,001 1,954
Marketing 393 360 1,158 1,264
Equity in losses of real estate limited partnerships 271 370 811 1,189
State franchise taxes 363 321 1,082 965
FDIC Insurance 215 217 655 644
Prepayment penalty on long-term debt 0 677 0 1,363
Other Real Estate Owned ("OREO") expenses 17 65 84 129
Other 1,282 1,381 4,063 4,311
Total noninterest expense 9,900 10,714 29,766 32,102
Income before provision for income taxes 4,638 5,164 14,342 14,265
Provision for income taxes 964 1,159 3,034 2,911
NET INCOME $ 3,674 $ 4,005 $ 11,308 $ 11,354
Basic earnings per common share $ 0.58 $ 0.64 $ 1.80 $ 1.82
Diluted earnings per common share $ 0.58 $ 0.64 $ 1.79 $ 1.81