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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) (USD $)
In Thousands, except 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:        
Loans $ 12,535 $ 12,133 $ 37,133 $ 35,740
Investment securities:        
Taxable 3,045 4,432 11,102 12,284
Nontaxable 3,140 3,022 9,594 8,653
Total interest and dividend income 18,720 19,587 57,829 56,677
Interest expense:        
Savings, NOW and money market deposits 802 1,109 2,731 2,936
Time deposits 1,463 1,539 4,384 4,501
Short-term borrowings 12 10 175 76
Long-term debt 1,603 1,908 5,363 5,488
Total interest expense 3,880 4,566 12,653 13,001
Net interest income 14,840 15,021 45,176 43,676
Provision for loan losses 1,157 754 2,903 2,637
Net interest income after provision for loan losses 13,683 14,267 42,273 41,039
Noninterest income:        
Investment Management Division income 392 367 1,218 1,161
Service charges on deposit accounts 744 818 2,318 2,437
Net gains on sales of securities 0 0 3,613 122
Other 517 384 1,393 1,131
Total noninterest income 1,653 1,569 8,542 4,851
Noninterest expense:        
Salaries 4,179 4,028 12,113 11,826
Employee benefits 1,275 1,363 3,948 3,962
Occupancy and equipment 1,794 1,730 5,361 5,406
Debt extinguishment 0 0 3,812 0
Other 2,230 1,919 6,473 6,049
Total noninterest expense 9,478 9,040 31,707 27,243
Income before income taxes 5,858 6,796 19,108 18,647
Income tax expense 1,071 1,510 3,766 3,918
Net Income $ 4,787 $ 5,286 $ 15,342 $ 14,729
Weighted average:        
Common shares (in shares) 8,936,537 8,774,502 8,892,044 8,752,892
Dilutive stock options and restricted stock units (in shares) 94,118 77,896 85,726 96,312
Weighted average number of shares (in shares) 9,030,655 8,852,398 8,977,770 8,849,204
Earnings per share:        
Basic (in dollars per share) $ 0.54 $ 0.60 $ 1.73 $ 1.68
Diluted (in dollars per share) $ 0.53 $ 0.60 $ 1.71 $ 1.66
Cash dividends declared per share (in dollars per share) $ 0.25 $ 0.23 $ 0.71 $ 0.67