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Consolidated Statements Of Income (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 and fees on loans        
Taxable $ 12,469 $ 13,572 $ 38,037 $ 41,812
Tax-exempt 63 76 197 243
Interest and dividends on securities        
Taxable 896 1,340 2,852 4,593
Tax-exempt 616 594 1,832 1,986
Interest on interest bearing deposits with other banks 1 7 4 30
Total interest income 14,045 15,589 42,922 48,664
Interest expense        
Interest on deposits 2,487 3,067 8,074 10,140
Interest on short-term borrowings 24 8 50 25
Interest on long-term borrowings and subordinated debentures 1,996 2,579 5,997 8,575
Total interest expense 4,507 5,654 14,121 18,740
Net interest income 9,538 9,935 28,801 29,924
Provision for loan losses 1,000 2,000 3,500 6,002
Net interest income after provision for loan losses 8,538 7,935 25,301 23,922
Other income        
Insurance commissions 1,057 1,052 3,373 3,352
Service fees related to deposit accounts 1,106 1,074 3,202 3,163
Realized securities gains 132 760 116 2,245
Other 606 514 1,741 1,649
Total other-than-temporary impairment loss on securities (38) (233) (155) (1,115)
Portion of loss recognized in other comprehensive income 0 194 37 740
Net impairment loss recognized in earnings (38) (39) (118) (375)
Total other income 2,863 3,361 8,314 10,034
Other expenses        
Salaries, commissions, and employee benefits 4,050 3,940 12,155 11,733
Net occupancy expense 454 476 1,387 1,445
Equipment expense 578 573 1,724 1,777
Professional fees 263 292 885 872
Amortization of intangibles 88 88 263 263
FDIC premiums 503 510 1,558 1,532
Foreclosed properties expense 262 356 836 935
(Gain) loss on sale of foreclosed properties (17) (16) 546 583
Write-down of foreclosed properties 654 2,571 3,078 6,114
Other 1,396 1,237 3,900 3,749
Total other expense 8,231 10,027 26,332 29,003
Income before income taxes 3,170 1,269 7,283 4,953
Income tax expense 898 272 2,001 1,345
Net income 2,272 997 5,282 3,608
Dividends on preferred shares 194 194 582 583
Net income applicable to common shares $ 2,078 $ 803 $ 4,700 $ 3,025
Basic earnings per common share $ 0.28 $ 0.11 $ 0.63 $ 0.41
Diluted earnings per common share $ 0.24 $ 0.10 $ 0.55 $ 0.38