XML 41 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements Of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
INTEREST AND DIVIDEND INCOME:      
Loans including fees $ 48,324 $ 46,955 $ 45,839
Deposits with banks 110 125 215
Securities:      
Taxable 14,285 11,603 7,687
Tax-exempt 2,957 2,435 2,095
Dividends 36 29 34
Total interest and dividend income 65,712 61,147 55,870
INTEREST EXPENSE:      
Deposits 13,625 13,558 13,091
Borrowed funds 3,176 4,716 4,527
Subordinated debentures 778 782 850
Total interest expense 17,579 19,056 18,468
NET INTEREST INCOME 48,133 42,091 37,402
PROVISION FOR LOAN LOSSES 4,937 5,158 4,465
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 43,196 36,933 32,937
NON-INTEREST INCOME:      
Wealth and asset management fees 1,691 1,829 1,451
Service charges on deposit accounts 4,233 4,226 4,309
Other service charges and fees 1,626 1,396 1,322
Net realized gains (losses) from sales of securities for which fair value was elected 30 (68) 0
Net unrealized gains on securities for which fair value was elected 34 230 293
Mortgage banking 735 814 1,058
Bank owned life insurance 930 802 720
Other 1,224 1,002 845
Total fees and commissions 10,503 10,231 9,998
Total other-than-temporary impairment losses on available-for-sale securities (398) (2,241) (2,443)
Less portion of loss recognized in other comprehensive income (loss) 0 0 0
Net impairment losses recognized in earnings (398) (2,241) (2,443)
Net realized gains on available-for-sale securities 614 1,660 395
Net impairment losses recognized in earnings and realized gains on available-for-sale securities 216 (581) (2,048)
Total non-interest income 10,719 9,650 7,950
NON-INTEREST EXPENSES:      
Salaries 12,349 11,358 10,403
Employee benefits 4,936 4,328 4,257
Net occupancy expense 4,416 4,326 4,071
Data processing 2,754 2,797 2,488
State and local taxes 1,275 1,162 908
Legal, professional and examination fees 956 849 897
Advertising 822 795 620
FDIC insurance 1,259 1,619 1,747
Intangible asset amortization 0 85 100
Directors fees and benefits 591 437 732
Other 3,924 4,042 3,798
Total non-interest expenses 33,282 31,798 30,021
INCOME BEFORE INCOME TAXES 20,633 14,785 10,866
INCOME TAX EXPENSE 5,529 3,469 2,354
NET INCOME $ 15,104 $ 11,316 $ 8,512
EARNINGS PER SHARE:      
Basic $ 1.23 $ 1.06 $ 0.98
Diluted $ 1.23 $ 1.06 $ 0.98