XML 59 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements Of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Interest income:    
Interest and fees on loans $ 20,379 $ 19,536
Interest and dividends on investment securities 4,369 3,914
Total interest income 24,748 23,450
Interest expense:    
Deposits 1,671 2,398
Short-term borrowings 190 111
Total interest expense 1,861 2,509
Net interest income 22,887 20,941
Provision for loan losses 2,709 1,385
Net interest income after provision for loan losses 20,178 19,556
Noninterest income:    
Service charges on deposits 2,141 1,835
ATM and debit card 1,249 1,077
Broker-dealer fees and commissions 699 587
Company owned life insurance 415 426
Net gain on sale of loans held for sale 200 333
Net gain on disposal of investment securities 892 331
Loan servicing 73 94
Impairment charges on investment securities   (91)
Net gain on disposal of other assets 1 6
Other 883 853
Total noninterest income 6,553 5,451
Noninterest expense:    
Salaries and employee benefits 9,709 9,056
Occupancy and equipment 3,169 2,770
Professional services 937 711
Computer and data processing 704 600
Supplies and postage 680 458
FDIC assessments 361 297
Advertising and promotions 214 101
Other 1,810 1,664
Total noninterest expense 17,584 15,657
Income before income taxes 9,147 9,350
Income tax expense 2,998 3,154
Net income 6,149 6,196
Preferred stock dividends 368 369
Net income available to common shareholders $ 5,781 $ 5,827
Earnings per common share (Note 3):    
Basic $ 0.42 $ 0.43
Diluted $ 0.42 $ 0.42
Cash dividends declared per common share $ 0.18 $ 0.13
Weighted average common shares outstanding:    
Basic 13,717 13,675
Diluted 13,767 13,733