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Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
INTEREST INCOME        
Loans, leases and fees $ 25,272 $ 26,120 $ 50,730 $ 52,785
Federal funds sold and interest-bearing deposits with banks 6 11 12 23
Taxable investment securities and other 2,207 2,962 4,547 5,675
Tax-exempt investment securities 453 507 943 1,006
TOTAL INTEREST INCOME 27,938 29,600 56,232 59,489
INTEREST EXPENSE        
Deposits 2,139 2,807 4,395 5,738
Federal funds purchased and securities sold under agreements to repurchase 28 28 56 55
Other borrowings 2,023 2,344 4,087 4,691
TOTAL INTEREST EXPENSE 4,190 5,179 8,538 10,484
NET INTEREST INCOME 23,748 24,421 47,694 49,005
Provision for loan and lease losses 3,877 5,406 8,433 10,333
NET INTEREST INCOME AFTER PROVISION FOR LOAN AND LEASE LOSSES 19,871 19,015 39,261 38,672
NONINTEREST INCOME        
Service charges on deposit accounts 2,710 2,571 5,157 5,049
Commissions and fees 1,259 1,040 2,239 1,872
Gains on investment securities 241 444 273 444
Income on bank owned life insurance 339 359 678 714
Gains on leasing related assets 119 230 303 693
Other income 103 66 178 168
TOTAL NONINTEREST INCOME 4,771 4,710 8,828 8,940
NONINTEREST EXPENSE        
Salaries and employee benefits 9,565 9,199 19,000 18,185
Net occupancy expense 1,636 1,602 3,324 3,513
Furniture and equipment 1,139 1,225 2,222 2,389
Stationery, supplies and postage 355 395 691 760
Marketing expense 458 619 928 1,234
Core deposit intangible amortization    266    531
FDIC insurance expense 546 595 1,101 1,542
Collection expense 34 60 173 125
Legal expense 346 411 745 706
Expenses on other real estate owned and other repossessed assets 38 200 76 472
Other expenses 2,353 2,160 4,485 4,301
TOTAL NONINTEREST EXPENSE 16,470 16,732 32,745 33,758
Income before provision for income taxes 8,172 6,993 15,344 13,854
Income tax expense 2,719 2,135 4,920 4,225
NET INCOME 5,453 4,858 10,424 9,629
Dividends on Preferred Stock and Accretion    294 620 1,580
Net Income Available to Common Stockholders $ 5,453 $ 4,564 $ 9,804 $ 8,049
PER SHARE OF COMMON STOCK        
Basic earnings $ 0.20 $ 0.17 $ 0.36 $ 0.30
Diluted earnings $ 0.20 $ 0.17 $ 0.36 $ 0.30
Dividends $ 0.06 $ 0.06 $ 0.12 $ 0.11