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Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
INTEREST AND DIVIDEND INCOME:        
Loans including fees $ 12,394 $ 11,962 $ 24,649 $ 23,667
Deposits with banks 0 40 0 82
Securities:        
Taxable 3,890 3,693 7,575 6,951
Tax-exempt 905 714 1,776 1,396
Dividends 18 8 31 15
Total interest and dividend income 17,207 16,417 34,031 32,111
INTEREST EXPENSE:        
Deposits 2,946 3,501 6,095 6,936
Borrowed funds 787 808 1,584 1,577
Subordinated debentures 200 196 401 387
Total interest expense 3,933 4,505 8,080 8,900
NET INTEREST INCOME 13,274 11,912 25,951 23,211
PROVISION FOR LOAN LOSSES 1,746 992 2,850 1,769
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 11,528 10,920 23,101 21,442
NON-INTEREST INCOME:        
Wealth and asset management fees 426 395 813 810
Service charges on deposit accounts 996 1,069 1,971 2,032
Other service charges and fees 468 416 900 768
Net realized and unrealized losses on securities for which fair value was elected (140) (16) 180 97
Mortgage banking 196 155 461 334
Bank owned life insurance 262 212 523 461
Other 325 385 534 625
Total fees and commissions 2,533 2,616 5,382 5,127
Total other-than-temporary impairment losses on available-for-sale securities 0 0 0 (398)
Less portion of loss recognized in other comprehensive income 0 0 0 0
Net impairment losses recognized in earnings 0 0 0 (398)
Net realized gains on available-for-sale securities 731 0 1,297 74
Net impairment losses realized in earnings and gains on sales of available-for-sale securities 731 0 1,297 (324)
Total non-interest income 3,264 2,616 6,679 4,803
NON-INTEREST EXPENSES:        
Salaries and benefits 4,619 4,197 9,344 8,440
Net occupancy expense of premises 1,107 1,103 2,256 2,302
FDIC insurance premiums 274 280 533 729
Other 2,833 2,561 5,714 4,961
Total non-interest expenses 8,833 8,141 17,847 16,432
INCOME BEFORE INCOME TAXES 5,959 5,395 11,933 9,813
INCOME TAX EXPENSE 1,623 1,504 3,250 2,645
NET INCOME $ 4,336 $ 3,891 $ 8,683 $ 7,168
EARNINGS PER SHARE:        
Basic $ 0.35 $ 0.32 $ 0.70 $ 0.58
Diluted $ 0.35 $ 0.32 $ 0.70 $ 0.58
DIVIDENDS PER SHARE:        
Cash dividends per share $ 0.165 $ 0.165 $ 0.33 $ 0.33