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Consolidated Statements Of Income (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Interest income:        
Interest and fees on loans $ 19,071 $ 18,714 $ 38,106 $ 37,332
Interest and dividends on investment securities 4,759 5,485 9,363 10,684
Other interest income   3   10
Total interest income 23,830 24,202 47,469 48,026
Interest expense:        
Deposits 2,934 3,730 6,131 7,514
Short-term borrowings 110 85 182 163
Long-term borrowings 533 711 1,065 1,421
Total interest expense 3,577 4,526 7,378 9,098
Net interest income 20,253 19,676 40,091 38,928
Provision for loan losses 1,328 2,105 2,138 2,523
Net interest income after provision for loan losses 18,925 17,571 37,953 36,405
Noninterest income:        
Service charges on deposits 2,243 2,502 4,348 4,732
ATM and debit card 1,123 1,054 2,139 1,988
Broker-dealer fees and commissions 402 359 788 739
Loan servicing 249 140 598 420
Company owned life insurance 279 282 545 551
Net gain on sale of loans held for sale 117 115 341 177
Net gain on disposal of investment securities 4 63 7 69
Impairment charges on investment securities       (526)
Net (loss) gain on sale and disposal of other assets (8)   37 2
Other 565 451 1,319 897
Total noninterest income 4,974 4,966 10,122 9,049
Noninterest expense:        
Salaries and employee benefits 8,854 8,044 17,255 16,291
Occupancy and equipment 2,644 2,670 5,487 5,441
Professional services 571 478 1,253 1,084
Computer and data processing 648 615 1,251 1,186
Supplies and postage 424 431 876 876
FDIC assessments 168 634 775 1,236
Advertising and promotions 253 352 418 539
Other 1,591 1,646 3,188 2,955
Total noninterest expense 15,153 14,870 30,503 29,608
Income before income taxes 8,746 7,667 17,572 15,846
Income tax expense 3,027 2,469 6,033 5,320
Net income 5,719 5,198 11,539 10,526
Preferred stock dividends 370 840 1,140 1,679
Accretion of discount on preferred stock   91 1,305 181
Net income available to common shareholders $ 5,349 $ 4,267 $ 9,094 $ 8,666
Earnings per common share (Note 2):        
Basic $ 0.39 $ 0.39 $ 0.73 $ 0.80
Diluted $ 0.39 $ 0.39 $ 0.72 $ 0.80