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Income Taxes
 9 Months Ended
Sep. 30, 2012
Income Taxes [Abstract]  
Income Taxes

Note 12.  Income Taxes

 

For the nine months ended September 30, 2012, the Corporation recorded income tax expense of $6.0 million, compared with a $5.5 million income tax expense for the nine months ended September 30, 2011. The effective tax rates for the nine-month period ended September 30, 2012 and 2011 were 31.5 percent and 34.9 percent, respectively. The lower effective tax rate reflects non-taxable bargain gain of $899,000 on the acquisition.

 

For the quarter ended September 30, 2012, the Corporation recorded income tax expense of $1.6 million, compared with $1.9 million of income tax expense for the quarter ended September 30, 2011. The effective tax rates for the quarterly periods ended September 30, 2012 and 2011 were 26.8 percent and 33.7 percent, respectively. The lower effective tax rate reflects non-taxable bargain gain of $899,000 on the acquisition.