XML 57 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements Of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Interest income:        
Interest and fees on loans $ 20,230 $ 20,064 $ 40,497 $ 40,443
Interest and dividends on investment securities 4,653 4,278 9,445 8,647
Total interest income 24,883 24,342 49,942 49,090
Interest expense:        
Deposits 1,577 1,665 3,102 3,336
Short-term borrowings 203 153 462 343
Total interest expense 1,780 1,818 3,564 3,679
Net interest income 23,103 22,524 46,378 45,411
Provision for loan losses 1,758 1,193 3,864 3,902
Net interest income after provision for loan losses 21,345 21,331 42,514 41,509
Noninterest income:        
Service charges on deposits 2,241 2,568 4,491 4,709
ATM and debit card 1,257 1,317 2,431 2,566
Investment advisory 561 650 1,124 1,349
Company owned life insurance 425 438 828 853
Investments in limited partnerships 81 136 707 297
Loan servicing 176 152 330 225
Net gain on disposal of investment securities 949 332 1,262 1,224
Net gain on sale of loans held for sale 50 35 155 235
Net gain (loss) on disposal of other assets 24 38 (11) 39
Other 813 710 1,617 1,432
Total noninterest income 6,577 6,376 12,934 12,929
Noninterest expense:        
Salaries and employee benefits 9,063 9,226 18,319 18,935
Occupancy and equipment 3,139 3,035 6,374 6,204
Professional services 1,384 1,093 2,356 2,030
Computer and data processing 777 812 1,500 1,516
Supplies and postage 535 608 1,047 1,288
FDIC assessments 388 364 810 725
Advertising and promotions 214 253 393 467
Other 2,308 2,071 4,222 3,881
Total noninterest expense 17,808 17,462 35,021 35,046
Income before income taxes 10,114 10,245 20,427 19,392
Income tax expense 3,082 3,395 6,176 6,393
Net income 7,032 6,850 14,251 12,999
Preferred stock dividends 365 367 731 735
Net income available to common shareholders $ 6,667 $ 6,483 $ 13,520 $ 12,264
Earnings per common share (Note 2):        
Basic $ 0.48 $ 0.47 $ 0.98 $ 0.89
Diluted $ 0.48 $ 0.47 $ 0.98 $ 0.89
Cash dividends declared per common share $ 0.19 $ 0.18 $ 0.38 $ 0.36
Weighted average common shares outstanding:        
Basic 13,791 13,739 13,782 13,728
Diluted 13,838 13,767 13,831 13,767