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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) (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 income:        
Interest and fees on loans $ 26,096 $ 25,840 $ 76,832 $ 76,547
Interest on securities: Taxable 2,582 3,672 8,003 12,118
Interest on securities: Nontaxable 629 660 1,935 2,035
Dividends on corporate stock and Federal Home Loan Bank stock 36 52 113 207
Other interest income 47 27 99 64
Total interest income 29,390 30,251 86,982 90,971
Interest expense:        
Deposits 3,064 3,391 9,354 10,210
Federal Home Loan Bank advances 2,693 3,726 8,109 11,809
Junior subordinated debentures 241 393 1,243 1,176
Other interest expense 4 5 12 244
Total interest expense 6,002 7,515 18,718 23,439
Net interest income 23,388 22,736 68,264 67,532
Provision for loan losses 700 600 2,000 2,100
Net interest income after provision for loan losses 22,688 22,136 66,264 65,432
Noninterest income:        
Trust and investment advisory fees 6,291 5,877 18,587 17,474
Mutual Funds Fees 1,075 1,024 3,174 3,051
Financial planning, commissions and other service fees 263 292 1,254 1,326
Wealth management services 7,629 7,193 23,015 21,851
Merchant processing fees 3,359 3,207 7,949 7,927
Net gains on loan sales and commissions on loans originated for others 3,883 3,504 11,534 9,616
Service charges on deposit accounts 855 833 2,436 2,356
Card interchange fees 731 675 2,013 1,844
Income from bank-owned life insurance 464 1,006 1,392 1,969
Net realized gains on securities 0 0 0 299
Net gains (losses) on interest rate swap contracts 54 63 225 87
Equity in earnings (losses) of unconsolidated subsidiaries (47) 27 (65) 114
Other income 472 413 1,233 1,473
Noninterest income, excluding other-than-temporary impairment losses 17,400 16,921 49,732 47,536
Total other-than-temporary impairment losses on securities 0 0 (613) (85)
Portion of loss recognized in other comprehensive income (before taxes) 0 0 (2,159) (124)
Net impairment losses recognized in earnings 0 0 (2,772) (209)
Total noninterest income 17,400 16,921 46,960 47,327
Noninterest expense:        
Salaries and employee benefits 14,640 15,214 45,624 44,125
Net occupancy 1,404 1,468 4,282 4,521
Equipment 1,222 1,168 3,658 3,418
Merchant processing costs 2,862 2,707 6,746 6,690
Outsourced services 878 845 2,590 2,660
Legal, audit and professional fees 529 598 1,691 1,599
FDIC deposit insurance costs 448 427 1,330 1,311
Advertising and promotion 312 445 1,143 1,295
Amortization of intangibles 170 182 516 555
Foreclosed property costs 38 136 222 604
Debt prepayment penalties 1,125 1,173 1,125 2,134
Other expenses 1,920 1,927 5,810 6,005
Total noninterest expense 25,548 26,290 74,737 74,917
Income before income taxes 14,540 12,767 38,487 37,842
Income tax expense 4,580 3,867 12,123 11,791
Net income $ 9,960 $ 8,900 $ 26,364 $ 26,051
Weighted average common shares outstanding - basic 16,563 16,366 16,473 16,351
Weighted average common shares outstanding - diluted 16,696 16,414 16,600 16,392
Per share information:        
Basic earnings per common share $ 0.60 $ 0.54 $ 1.59 $ 1.59
Diluted earnings per common share $ 0.59 $ 0.54 $ 1.58 $ 1.58
Cash dividends declared per share $ 0.26 $ 0.24 $ 0.76 $ 0.70