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Consolidated Statements Of Income (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
INTEREST AND DIVIDEND INCOME:      
Interest and fees on loans $ 45,271 $ 46,041 $ 47,646
Investment income:      
Interest and dividends on debt securities 12,644 14,140 18,587
Interest on interest earning deposits with banks and other short-term investments 103 81 107
Total interest and dividend income 58,018 60,262 66,340
INTEREST EXPENSE:      
Savings, interest bearing checking and money market accounts 1,167 1,461 1,901
Time deposits $100 thousand and greater 1,135 1,292 2,321
Other time deposits 2,172 2,861 5,383
Securities sold under agreement to repurchase and other short-term debt 2,065 1,623 641
Long-term debt 2,105 3,870 5,978
Total interest expense 8,644 11,107 16,224
Net interest income 49,374 49,155 50,116
Provision (credit) for credit losses 750 (1,750) 4,100
Net interest income after provision (credit) for credit losses 48,624 50,905 46,016
NONINTEREST INCOME:      
Changes in fair value on impaired securities (65) 329 0
Non-credit related (gain) losses on securities not expected to be sold (recognized in other comprehensive income) 10 (498) 0
Net impairment losses (55) (169) 0
Net gains (losses) on investment securities 1,049 2,082 1,219
Trust division income 2,516 2,163 1,724
Service charges on deposits 4,298 4,929 5,671
Equity in losses of real estate limited partnerships (1,766) (1,672) (2,049)
Other 4,338 4,298 3,750
Total noninterest income 10,380 11,631 10,315
NONINTEREST EXPENSES:      
Compensation and benefits 20,517 20,499 18,858
Occupancy expense 3,824 3,703 3,579
Equipment expense 3,366 2,932 2,826
Legal and professional fees 2,811 2,443 2,499
Marketing 1,733 1,505 1,470
State franchise taxes 1,265 1,151 1,142
FDIC Insurance 936 1,415 1,964
Prepayment penalty 861 3,071 1,548
Other real estate owned ("OREO") expense (income) 193 (298) 142
Other 5,754 6,006 6,070
Total noninterest expenses 41,260 42,427 40,098
Income before provision for income taxes 17,744 20,109 16,233
Provision for income taxes 3,124 4,648 3,754
NET INCOME $ 14,620 $ 15,461 $ 12,479
Basic earnings per common share $ 2.35 $ 2.51 $ 2.04
Diluted earnings per common share $ 2.35 $ 2.51 $ 2.04
Weighted average common shares outstanding 6,212,187 6,167,446 6,105,909
Weighted average diluted shares outstanding 6,223,769 6,171,473 6,107,389