XML 101 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements Of Income (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Interest income:      
Interest and fees on loans $ 40,132 $ 38,921 $ 36,320
Interest and dividends on investment securities:      
Taxable interest income 12,189 12,269 13,278
Non-taxable interest income 4,422 3,507 1,700
Dividends 523 567 629
Interest on federal funds sold and other short-term investment 2 8 0
Total interest income 57,268 55,272 51,927
Interest expense:      
Interest on certificates of deposit $100 & over 866 839 1,215
Interest on other deposits 4,353 4,569 4,305
Interest on short-term borrowings 0 0 79
Interest on long-term borrowings 5,863 6,368 6,578
Total interest expense 11,082 11,776 12,177
Net interest income 46,186 43,496 39,750
Provision for loan losses 350 325 2,448
Net interest income, after provision for loan losses 45,836 43,171 37,302
Other income:      
Service charges, commissions and fees 1,873 1,775 1,896
Annuity and insurance 489 204 110
Bank-owned life insurance 1,364 1,018 1,038
Loan related fees 839 510 432
Net gains on sale of loans held for sale 294 484 251
Bargain gain on acquisition 0 899 0
Other 281 308 117
Total other-than-temporary impairment losses (652) (870) (342)
Net gains on sale on investment securities 2,363 2,882 3,976
Net investment securities gains 1,711 2,012 3,634
Total other income 6,851 7,210 7,478
Other expense:      
Salaries and employee benefits 13,465 12,571 11,527
Occupancy and equipment 3,518 2,987 2,947
FDIC Insurance 1,098 1,154 1,712
Professional and consulting 1,111 1,077 1,156
Stationery and printing 333 349 368
Marketing and advertising 304 186 131
Computer expense 1,422 1,419 1,312
Other real estate owned expense, net 137 150 398
Repurchase agreement prepayment and termination fee 0 1,012 0
Acquisition cost 0 482 0
Other 3,890 3,810 3,892
Total other expense 25,278 25,197 23,443
Income before income tax expense 27,409 25,184 21,337
Income tax expense 7,484 7,677 7,411
Net income 19,925 17,507 13,926
Preferred stock dividends and accretion 141 281 820
Net income available to common stockholders $ 19,784 $ 17,226 $ 13,106
Earnings per common share:      
Basic $ 1.21 $ 1.05 $ 0.80
Diluted $ 1.21 $ 1.05 $ 0.80
Weighted average common shares outstanding:      
Basic 16,349,204 16,340,197 16,295,761
Diluted 16,385,692 16,351,046 16,314,899