v2.4.0.6
Condensed Consolidated Statements of Income (unaudited) (USD $)
 3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Interest income:        
Interest and fees on loans $ 10,910,000 $ 11,280,000 $ 21,870,000 $ 22,743,000
Interest on investment securities 3,003,000 2,728,000 5,955,000 5,172,000
Interest on certificates of deposit investments 16,000 19,000 34,000 40,000
Interest on federal funds sold 16,000 16,000 28,000 40,000
Interest on deposits with other financial institutions 13,000 79,000 19,000 156,000
Total interest income 13,958,000 14,122,000 27,906,000 28,151,000
Interest expense:        
Interest on deposits 1,303,000 1,778,000 2,730,000 3,597,000
Interest on securities sold under agreements to repurchase 30,000 42,000 75,000 75,000
Interest on FHLB borrowings 65,000 183,000 178,000 394,000
Interest on other borrowings 162,000 0 326,000 0
Interest on subordinated debentures 140,000 240,000 286,000 501,000
Total interest expense 1,700,000 2,243,000 3,595,000 4,567,000
Net interest income 12,258,000 11,879,000 24,311,000 23,584,000
Provision for loan losses 416,000 916,000 1,031,000 1,856,000
Net interest income after provision for loan losses 11,842,000 10,963,000 23,280,000 21,728,000
Other income:        
Trust revenues 752,000 739,000 1,612,000 1,520,000
Brokerage commissions 168,000 152,000 310,000 307,000
Insurance commissions 437,000 510,000 1,084,000 1,118,000
Service charges 1,188,000 1,201,000 2,289,000 2,297,000
Securities gains, net 439,000 196,000 823,000 377,000
Total other-than-temporary impairment losses 0 61,000 0 246,000
Portion of loss recognized in other comprehensive loss 0 0 0 0
Other-than-temporary impairment losses recognized in earnings 0 (61,000) 0 (246,000)
Mortgage banking revenue, net 327,000 123,000 563,000 239,000
ATM / debit card revenue 812,000 889,000 1,691,000 1,721,000
Other income 374,000 310,000 705,000 731,000
Total other income 4,497,000 4,059,000 9,077,000 8,064,000
Other expense:        
Salaries and employee benefits 5,850,000 5,625,000 11,523,000 11,059,000
Net occupancy and equipment expense 2,004,000 1,983,000 4,014,000 3,950,000
Net other real estate owned expense 235,000 477,000 298,000 597,000
FDIC insurance 229,000 286,000 463,000 720,000
Amortization of intangible assets 179,000 286,000 424,000 572,000
Stationery and supplies 141,000 151,000 311,000 289,000
Legal and professional 497,000 513,000 1,108,000 1,080,000
Marketing and donations 322,000 258,000 551,000 459,000
Other expense 1,325,000 1,432,000 2,707,000 2,577,000
Total other expense 10,782,000 11,011,000 21,399,000 21,303,000
Income before income taxes 5,557,000 4,011,000 10,958,000 8,489,000
Income taxes 2,078,000 1,433,000 4,089,000 3,066,000
Net income 3,479,000 2,578,000 6,869,000 5,423,000
Dividends on preferred shares 1,105,000 1,011,000 2,044,000 1,718,000
Net income available to common stockholders $ 2,374,000 $ 1,567,000 $ 4,825,000 $ 3,705,000
Per share data:        
Basic net income per common share available to common stockholders (in dollars per share) $ 0.39 $ 0.26 $ 0.80 $ 0.61
Diluted net income per common share available to common stockholders (in dollars per share) $ 0.39 $ 0.26 $ 0.80 $ 0.61
Cash dividends declared per common share (in dollars per share) $ 0.21 $ 0.19 $ 0.21 $ 0.19