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Segment Information
6 Months Ended
Jun. 30, 2011
Segment Information [Abstract]  
Segment Information
Note 11. Segment Information
The Company operates within two business segments, Community Banking and Insurance Services. The Community Banking segment includes both commercial and consumer lending and deposit services. This segment provides customers with such products as commercial loans, real estate loans, business financing, and consumer loans. This segment also provides customers with a range of deposit products including demand deposit accounts, savings accounts, and certificates of deposit. In addition, the Community Banking segment provides wealth management services to a broad range of customers. The Insurance Services segment is a full-service insurance agency providing commercial and personal lines of insurance.
The following table sets forth information about the reportable operating segments and reconciliation of this information to the consolidated financial statements at and for the three-and six-month periods ended June 30, 2011 and 2010.
                                 
            For the Three Months          
    Ended June 30, 2011  
    Community     Insurance     Parent/        
    Banking     Services     Elimination     Total  
(In Thousands)                                
Net interest income (expense)
  $ 17,864     $ (31 )   $ (79 )   $ 17,754  
Provision for loan losses
    3,079                   3,079  
Noninterest income (loss)
    9,920       1,584       (141 )     11,363  
Noninterest expense (income)
    16,357       1,542       (161 )     17,738  
 
                       
Income before income taxes
    8,348       11       (59 )     8,300  
Provision for income taxes
    2,587       4       (19 )     2,572  
 
                       
Net income (loss)
    5,761       7       (40 )     5,728  
Preferred dividend
                131       131  
 
                       
Net income to common shareholders
  $ 5,761     $ 7     $ (171 )   $ 5,597  
 
                       
End of period goodwill and other intangibles
  $ 78,339     $ 11,998     $     $ 90,337  
 
                       
End of period assets
  $ 2,184,336     $ 12,836     $ 9,228     $ 2,206,400  
 
                       
                                 
            For the Six Months          
    Ended June 30, 2011  
    Community     Insurance     Parent/        
    Banking     Services     Elimination     Total  
(In Thousands)                                
Net interest income (expense)
  $ 36,210     $ (69 )   $ (112 )   $ 36,029  
Provision for loan losses
    4,691                   4,691  
Noninterest income (loss)
    17,724       3,550       (412 )     20,862  
Noninterest expense (income)
    33,293       3,067       (559 )     35,801  
 
                       
Income before income taxes
    15,950       414       35       16,399  
Provision for income taxes
    4,738       163       19       4,920  
 
                       
Net income (loss)
    11,212       251       16       11,479  
Preferred dividend
                131       131  
 
                       
Net income to common shareholders
  $ 11,212     $ 251     $ (115 )   $ 11,348  
 
                       
End of period goodwill and other intangibles
  $ 78,339     $ 11,998     $     $ 90,337  
 
                       
End of period assets
  $ 2,184,336     $ 12,836     $ 9,228     $ 2,206,400  
 
                       
                                 
            For the Three Months          
    Ended June 30, 2010  
    Community     Insurance     Parent/        
    Banking     Services     Elimination     Total  
(In Thousands)                                
Net interest income (expense)
  $ 18,581     $ (24 )   $ (15 )   $ 18,542  
Provision for loan losses
    3,596                   3,596  
Noninterest income
    7,431       1,408       65       8,904  
Noninterest expense (income)
    15,362       1,402       (166 )     16,598  
 
                       
Income before income taxes
    7,054       (18 )     216       7,252  
Provision for income taxes
    2,014       (19 )     126       2,121  
 
                       
Net income
  $ 5,040     $ 1     $ 90     $ 5,131  
 
                       
End of period goodwill and other intangibles
  $ 79,057     $ 11,700     $     $ 90,757  
 
                       
End of period assets
  $ 2,227,198     $ 12,163     $ 7,485     $ 2,246,846  
 
                       
                                 
            For the Six Months          
    Ended June 30, 2010  
    Community     Insurance     Parent/        
(In Thousands)   Banking     Services     Elimination     Total  
Net interest income (expense)
  $ 37,259     $ (57 )   $ (41 )   $ 37,161  
Provision for loan losses
    7,261                   7,261  
Noninterest income (loss)
    14,040       3,627       (185 )     17,482  
Noninterest expense (income)
    30,383       2,881       (594 )     32,670  
 
                       
Iincome before income taxes
    13,655       689       368       14,712  
Provision for income taxes
    3,883       272       148       4,303  
 
                       
Net income
  $ 9,772     $ 417     $ 220     $ 10,409  
 
                       
End of period goodwill and other intangibles
  $ 79,057     $ 11,700     $     $ 90,757  
 
                       
End of period assets
  $ 2,227,198     $ 12,163     $ 7,485     $ 2,246,846