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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Interest Income        
Interest and fees on loans $ 18,112 $ 17,470 $ 52,649 $ 53,324
Interest on U.S. government and sponsored enterprise obligations 3,896 4,091 12,250 12,441
Interest on state and political subdivision obligations 319 292 927 889
Interest on federal funds sold and other investments 95 38 278 144
Total interest income 22,422 21,891 66,104 66,798
Interest Expense        
Interest on deposits 1,562 1,780 4,678 5,427
Interest on borrowings 848 767 2,500 2,352
Interest on junior subordinated debentures 638 637 1,894 1,894
Total interest expense 3,048 3,184 9,072 9,673
Net interest income 19,374 18,707 57,032 57,125
Provision for credit losses 539 665 1,675 2,034
Net interest income after provision for credit losses 18,835 18,042 55,357 55,091
Non-Interest Income        
Service charges on deposit accounts 1,600 1,750 4,689 5,189
Other service charges and fees 1,646 1,568 4,584 4,510
Income from fiduciary services 1,212 1,149 3,745 3,567
Brokerage and insurance commissions 441 354 1,378 1,175
Bank-owned life insurance 377 334 975 986
Net gain on sale of securities 0 647 451 785
Mortgage banking income, net 55 93 197 1,251
Other income 618 580 2,119 1,724
Total non-interest income 5,949 6,475 18,138 19,187
Non-Interest Expense        
Salaries and employee benefits 8,078 8,115 24,359 24,437
Furniture, equipment and data processing 1,704 1,668 5,236 5,203
Net occupancy costs 1,175 1,242 3,825 4,201
Consulting and professional fees 468 504 1,768 1,636
Other real estate owned and collection costs 637 489 1,665 1,355
Regulatory assessments 511 496 1,477 1,495
Amortization of intangible assets 287 289 861 863
Branch Acquisition and Divestiture costs 0 47 0 279
Other expenses 2,319 2,349 6,905 7,878
Total non-interest expense 15,179 15,199 46,096 47,347
Income before income taxes 9,605 9,318 27,399 26,931
Income Taxes 3,154 2,952 8,917 8,572
Net Income $ 6,451 $ 6,366 $ 18,482 $ 18,359
Per Share Data        
Basic earnings per share $ 0.87 $ 0.83 $ 2.47 $ 2.40
Diluted earnings per share $ 0.86 $ 0.83 $ 2.46 $ 2.39
Weighted average number of common shares outstanding 7,421,592 7,643,720 7,459,972 7,636,352
Diluted weighted average number of common shares outstanding 7,439,948 7,666,305 7,479,327 7,651,870