v2.4.0.6
Consolidated Statements Of Income (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 $ 19,536 $ 19,035
Interest and dividends on investment securities 3,914 4,604
Total interest income 23,450 23,639
Interest expense:    
Deposits 2,398 3,197
Short-term borrowings 111 72
Long-term borrowings   532
Total interest expense 2,509 3,801
Net interest income 20,941 19,838
Provision for loan losses 1,385 810
Net interest income after provision for loan losses 19,556 19,028
Noninterest income:    
Service charges on deposits 1,835 2,105
ATM and debit card 1,077 1,016
Broker-dealer fees and commissions 587 386
Company owned life insurance 426 266
Net gain on sale of loans held for sale 333 224
Net gain on disposal of investment securities 331 3
Loan servicing 94 349
Impairment charges on investment securities (91)  
Net gain on disposal of other assets 6 45
Other 853 754
Total noninterest income 5,451 5,148
Noninterest expense:    
Salaries and employee benefits 8,931 8,401
Occupancy and equipment 2,770 2,843
Professional services 711 682
Computer and data processing 600 603
Supplies and postage 458 452
FDIC assessments 297 607
Advertising and promotions 101 165
Other 1,789 1,597
Total noninterest expense 15,657 15,350
Income before income taxes 9,350 8,826
Income tax expense 3,154 3,006
Net income 6,196 5,820
Preferred stock dividends 369 770
Accretion of discount on Series A preferred stock   1,305
Net income available to common shareholders $ 5,827 $ 3,745
Earnings per common share (Note 2):    
Basic $ 0.43 $ 0.33
Diluted $ 0.42 $ 0.33
Cash dividends declared per common share $ 0.13 $ 0.10
Weighted average common shares outstanding:    
Basic 13,675 11,336
Diluted 13,733 11,467