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Condensed Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Interest income    
Interest and fees on loans held for investment $ 19,368 $ 20,455
Interest on securities - taxable 2,079 2,533
Interest on securities - nontaxable 1,196 1,533
Interest on deposits in banks 39 69
Total interest income 22,682 24,590
Interest expense    
Interest on deposits 2,405 3,880
Interest on short-term borrowings 595 640
Interest on long-term borrowings 1,705 1,795
Total interest expense 4,705 6,315
Net interest income 17,977 18,275
Provision for loan losses 922 1,612
Net interest income after provision for loan losses 17,055 16,663
Noninterest income    
Wealth management income 894 894
Service charges on deposit accounts 3,013 3,031
Other service charges and fees 1,585 1,406
Insurance commissions 1,576 1,943
Impairment losses on securities   (527)
Portion of losses recognized in other comprehensive income      
Net impairment losses recognized in earnings   (527)
Net gain on sale of securities 51 1,836
Other operating income 872 916
Total noninterest income 7,991 9,499
Noninterest expense    
Salaries and employee benefits 8,222 9,129
Occupancy expense of bank premises 1,526 1,647
Furniture and equipment 811 915
Amortization of intangible assets 233 259
FDIC premiums and assessments 322 878
Losses on payments of FHLB debt prepayment fees   471
Merger related expense 163  
Other operating expense 4,916 4,764
Total noninterest expense 16,193 18,063
Income before income taxes 8,853 8,099
Income tax expense 2,852 2,348
Net income 6,001 5,751
Dividends on preferred stock 283  
Net income available to common shareholders $ 5,718 $ 5,751
Basic earnings per common share $ 0.32 $ 0.32
Diluted earnings per common share $ 0.31 $ 0.32
Cash dividends per common share $ 0.10 $ 0.10
Weighted average basic shares outstanding 17,849,376 17,867,853
Weighted average diluted shares outstanding 19,189,923 17,887,118