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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, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Interest income:        
Loans $ 19,874 $ 19,868 $ 59,227 $ 59,343
Federal funds sold 82 72 216 167
Mortgage loans held for sale 98 46 217 143
Securities - taxable 1,379 1,319 4,309 3,811
Securities - tax-exempt 259 311 898 1,006
Total interest income 21,692 21,616 64,867 64,470
Interest expense:        
Deposits 1,725 2,520 5,652 7,845
Fed funds purchased 8 8 24 31
Securities sold under agreements to repurchase 46 68 138 199
Federal Home Loan Bank advances 345 368 1,072 1,093
Subordinated debentures 773 862 2,341 2,586
Total interest expense 2,897 3,826 9,227 11,754
Net interest income 18,795 17,790 55,640 52,716
Provision for loan losses 2,475 4,100 9,025 9,500
Net interest income after provision for loan losses 16,320 13,690 46,615 43,216
Non-interest income:        
Investment management and trust services 3,515 3,347 10,675 10,545
Service charges on deposit accounts 2,161 2,167 6,341 6,125
Bankcard transaction revenue 985 945 2,967 2,782
Gains on sales of mortgage loans held for sale 1,277 574 2,882 1,397
Brokerage commissions and fees 651 570 1,844 1,613
Bank owned life insurance income 226 257 743 761
Other non-interest income 980 (2) 2,878 792
Total non-interest income 9,795 7,858 28,330 24,015
Non-interest expenses:        
Salaries and employee benefits 9,711 7,528 28,189 24,576
Net occupancy expense 1,365 1,314 4,198 3,901
Data processing expense 1,296 1,283 4,131 3,766
Furniture and equipment expense 347 306 965 998
FDIC insurance expense 398 339 1,095 1,299
Other non-interest expense 3,928 2,532 9,711 8,314
Total non-interest expenses 17,045 13,302 48,289 42,854
Income before income taxes 9,070 8,246 26,656 24,377
Income tax expense 2,388 2,472 7,369 7,115
Net income $ 6,682 $ 5,774 $ 19,287 $ 17,262
Net income per share:        
Basic (in dollars per share) $ 0.48 $ 0.42 $ 1.39 $ 1.25
Diluted (in dollars per share) $ 0.48 $ 0.42 $ 1.38 $ 1.25
Average common shares:        
Basic (in shares) 13,883 13,799 13,867 13,778
Diluted (in shares) 13,966 13,838 13,929 13,844