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Consolidated Statements of Income (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Interest income    
Interest and fees on loans $ 46,690 $ 52,289
Interest on investment securities: Taxable 4,077 4,081
Interest on investment securities: Exempt from federal income tax 2,035 2,749
Total investment income 6,112 6,830
Other 309 377
Total interest income 53,111 59,496
Interest expense    
Interest on deposits 6,559 11,899
Interest on short-term borrowings 133 236
Interest on long-term borrowings 7,273 9,071
Total interest expense 13,965 21,206
Net interest income 39,146 38,290
Provision for loan losses 9,390 9,157
Net interest income after provision for loan losses 29,756 29,133
Other operating income    
Changes in fair value on impaired securities 850 406
Portion of gain recognized in other comprehensive income (before taxes) (850) (425)
Net securities impairment losses recognized in operations 0 (19)
Net gains - other 1,708 2,321
Total net gains 1,708 2,302
Service charges 3,639 3,671
Trust department 4,608 4,413
Insurance commissions 11 2,424
Debit card income 2,010 2,125
Bank owned life insurance 1,778 1,030
Brokerage commissions 778 767
Other 806 536
Total other income 13,630 14,966
Total other operating income 15,338 17,268
Other operating expenses    
Salaries and employee benefits 19,481 20,225
FDIC premiums 1,985 2,362
Equipment 2,624 3,015
Occupancy 2,719 2,804
Data processing 2,886 2,744
Professional services 1,292 1,575
Other real estate owned expenses 890 2,410
Miscellaneous loan fees 580 849
Other 7,061 7,426
Total other operating expenses 39,518 43,410
Income before income tax expense 5,576 2,991
Applicable income tax expense/(benefit) 913 (635)
Net Income 4,663 3,626
Accumulated preferred stock dividends and discount accretion (1,691) (1,609)
Net income Available to Common Shareholders $ 2,972 $ 2,017
Basic net income per common share $ 0.48 $ 0.33
Weighted average number of basic and diluted shares outstanding 6,193,774 6,177,184