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CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (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 INCOME:        
Loans, including related fees $ 25,226 $ 23,004 $ 50,424 $ 45,960
Securities:        
Taxable 3,508 4,321 7,031 8,516
Tax-exempt 1,810 1,699 3,615 3,363
Other 590 471 1,213 947
TOTAL INTEREST INCOME 31,134 29,495 62,283 58,786
INTEREST EXPENSE:        
Deposits 2,169 3,082 4,833 6,365
Short-term borrowings 37 41 83 95
Other borrowings 1,266 1,213 2,540 2,412
TOTAL INTEREST EXPENSE 3,472 4,336 7,456 8,872
NET INTEREST INCOME 27,662 25,159 54,827 49,914
Provision for loan losses 1,789 1,352 4,745 2,534
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 25,873 23,807 50,082 47,380
NON-INTEREST INCOME:        
Trust and financial services 1,439 1,191 2,919 2,528
Service charges and fees on deposit accounts 2,402 2,354 4,606 4,503
Other service charges and fees 2,276 2,092 4,731 4,081
Securities gains/(losses), net 664 4 660 7
Total impairment losses (11) (97) (11) (97)
Net impairment loss recognized in earnings (11) (97) (11) (97)
Insurance commissions 1,799 1,673 3,690 3,393
Gain on sales of mortgage loans 792 401 1,717 738
Other 396 268 956 1,035
TOTAL NON-INTEREST INCOME 9,757 7,886 19,268 16,188
NON-INTEREST EXPENSE:        
Salaries and employee benefits 13,891 11,517 28,310 22,955
Occupancy expense 1,488 1,203 2,905 2,453
Equipment expense 1,399 1,095 2,681 2,229
FDIC Expense 527 536 955 1,279
Other 5,797 5,061 11,671 9,446
TOTAL NON-INTEREST EXPENSE 23,102 19,412 46,522 38,362
INCOME BEFORE INCOME TAXES 12,528 12,281 22,828 25,206
Provision for income taxes 3,823 3,864 6,680 7,986
NET INCOME 8,705 8,417 16,148 17,220
OTHER COMPREHENSIVE INCOME        
Change in unrealized gains/losses on securities, net of reclassifications 570 9,158 640 15,507
Tax effect (228) (3,663) (256) (6,203)
Change in net unrealized gains/(losses) on securities available-for-sale, net of taxes 342 5,495 384 9,304
Change in funded status of post retirement benefits 670 503 1,287 1,008
Tax effect (268) (201) (515) (403)
Change in funded status of post retirement benefits, net of taxes 402 302 772 605
TOTAL OTHER COMPREHENSIVE INCOME 744 5,797 1,156 9,909
COMPREHENSIVE INCOME $ 9,449 $ 14,214 $ 17,304 $ 27,129
PER SHARE DATA        
Basic and Diluted (in dollars per share) $ 0.66 $ 0.64 $ 1.22 $ 1.31
Dividends per Share $ 0.47 $ 0.47 $ 0.47 $ 0.47
Weighted average number of shares outstanding (in thousands) (in shares) 13,238 13,152 13,230 13,152