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Consolidated Statements of Income (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Interest income    
Interest and fees on loans $ 9,923 $ 9,385
Interest and dividends on investment securities:    
Taxable 2,972 3,088
Tax-exempt 1,076 773
Dividends 131 149
Interest on federal funds sold and other short-term investment 2  
Total interest income 14,104 13,395
Interest expense    
Interest on certificates of deposit $100 or more 239 252
Interest on other deposits 1,045 1,156
Interest on borrowings 1,450 1,642
Total interest expense 2,734 3,050
Net interest income 11,370 10,345
Provision for loan losses 0 107
Net interest income after provision for loan losses 11,370 10,238
Other income    
Service charges, commissions and fees 406 446
Annuities and insurance commissions 100 44
Bank-owned life insurance 565 251
Loan related fees 139 110
Net gains on sale of loans held for sale 138 126
Other 178 41
Other-than-temporary impairment losses on investment securities (24) (58)
Net gains on sale of investment securities 343 995
Net investment securities gains 319 937
Total other income 1,845 1,955
Other expense    
Salaries and employee benefits 3,490 3,118
Occupancy and equipment 906 700
FDIC insurance 313 299
Professional and consulting 219 246
Stationery and printing 85 84
Marketing and advertising 101 31
Computer expense 353 353
Other real estate owned, net 19 62
All other 1,052 914
Total other expense 6,538 5,807
Income before income tax expense 6,677 6,386
Income tax expense 1,753 2,155
Net Income 4,924 4,231
Preferred stock dividends 56 141
Net income available to common shareholders $ 4,868 $ 4,090
Earnings per common share    
Basic $ 0.30 $ 0.25
Diluted $ 0.30 $ 0.25
Weighted average common shares outstanding    
Basic 16,348,215 16,332,327
Diluted 16,373,588 16,338,162
Dividend paid per common share $ 0.055 $ 0.03