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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, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Interest income:        
Interest and fees on loans and leases $ 18,697 $ 17,027 $ 54,728 $ 51,233
Interest on cash and cash equivalents 21 34 131 86
Interest on investment securities:        
Taxable 967 937 2,653 3,088
Non-taxable 107 56 289 139
Dividends 28 27 91 95
Total interest income 19,820 18,081 57,892 54,641
Interest expense on:        
Deposits 639 937 2,109 3,128
Short-term borrowings 5 5 12 16
Long-term FHLB advances and other borrowings 643 918 1,906 2,806
Subordinated debentures   270   852
Total interest expense 1,287 2,130 4,027 6,802
Net interest income 18,533 15,951 53,865 47,839
Provision for loan and lease losses 959 1,000 2,763 3,003
Net interest income after provision for loan and lease losses 17,574 14,951 51,102 44,836
Non-interest income:        
Fees for wealth management services 8,635 7,993 26,078 21,433
Service charges on deposits 627 634 1,807 1,823
Loan servicing and other fees 481 432 1,380 1,303
Net gain on sale of residential mortgage loans 578 1,837 3,588 4,311
Net gain on sale of investment securities available for sale   416 2 1,132
Net loss on sale of other real estate owned ("OREO") (1) (45) (194) (86)
Bank owned life insurance ("BOLI") income 72 108 270 331
Other operating income 995 873 3,189 2,969
Total non-interest income 11,387 12,248 36,120 33,216
Non-interest expenses:        
Salaries and wages 9,012 8,703 26,908 24,283
Employee benefits 1,896 1,903 6,433 6,086
Net gain on curtailment of nonqualified pension plan     (690)  
Occupancy and bank premises 1,646 1,488 5,124 4,258
Furniture, fixtures, and equipment 920 935 2,960 2,766
Advertising 302 267 1,095 946
Amortization of mortgage servicing rights 187 243 617 718
Net impairment of mortgage servicing rights 33 105 13 82
Amortization of intangible assets 658 669 1,978 1,738
FDIC insurance 271 262 804 715
Due diligence and merger-related expenses 328 316 1,730 1,439
Professional fees 636 609 1,875 1,837
Early extinguishment of debt - costs and premiums     347  
Other operating expenses 3,434 3,389 10,888 8,944
Total non-interest expenses 19,323 18,889 60,082 53,812
Income before income taxes 9,638 8,310 27,140 24,240
Income tax expense 3,237 2,885 9,167 8,397
Net income $ 6,401 $ 5,425 $ 17,973 $ 15,843
Basic earnings per common share $ 0.48 $ 0.41 $ 1.35 $ 1.21
Diluted earnings per common share $ 0.47 $ 0.41 $ 1.33 $ 1.20
Dividends declared per share $ 0.17 $ 0.16 $ 0.51 $ 0.48
Weighted-average basic shares outstanding 13,336,799 13,149,050 13,274,801 13,067,551
Weighted average dilutive shares 275,343 146,377 244,302 133,799
Adjusted weighted-average diluted shares 13,612,142 13,295,427 13,519,103 13,201,350