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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
INTEREST INCOME:    
Interest and fees on loans$ 6,640$ 7,112$ 19,662$ 20,816
Interest on deposits in other banks462314162
Interest on Federal funds sold  11
Interest and dividends on investment securities:    
Taxable1,0791,3043,3074,282
Exempt from Federal income taxes8927612,5222,277
Total interest income8,6579,20025,63327,438
INTEREST EXPENSE:    
Interest on deposits6478762,0762,912
Interest on junior subordinated deferrable interest debentures24367384
Other37115143353
Total interest expense7081,0272,2923,349
Net interest income before provision for credit losses7,9498,17323,34124,089
PROVISION FOR CREDIT LOSSES4001,3007502,900
Net interest income after provision for credit losses7,5496,87322,59121,189
NON-INTEREST INCOME:    
Service charges7357632,1832,487
Appreciation in cash surrender value of bank owned life insurance9698289293
Loan placement fees5189185193
Gain on disposal of other real estate owned75 608(14)
Net realized gains (losses) on sale and calls of investment securities223(19)24932
Total impairment on investment securities214(478)(4)(1,896)
(Decrease) increase in fair value recognized in other comprehensive income(214)478(27)1,196
Net impairment loss recognized in earnings  (31)(700)
Federal Home Loan Bank dividends1368
Other income4143591,4511,062
Total non-interest income1,5951,2934,9403,375
NON-INTEREST EXPENSES:    
Salaries and employee benefits4,0583,96112,13411,544
Occupancy and equipment9789762,8482,890
Regulatory assessments181281664887
Data processing expense295310857878
Advertising182183548557
Audit and accounting fees112114337342
Legal fees9078266367
Other real estate owned, net931811759
Amortization of core deposit intangibles104104311311
Loss on sale of assets 10 10
Other expense1,2131,0743,4663,210
Total non-interest expenses7,2227,40921,44221,755
Income before provision for income taxes1,9227576,0892,809
PROVISION (BENEFIT) FOR INCOME TAXES514(107)1,320149
Net income1,4088644,7692,660
Net income1,4088644,7692,660
Preferred stock dividends and accretion20299400296
Net income available to common shareholders$ 1,206$ 765$ 4,369$ 2,364
Net income per common share:    
Basic earnings per share (in dollars per share)$ 0.13$ 0.08$ 0.46$ 0.26
Weighted average common shares used in basic computation (in shares)9,547,8169,363,9089,513,3879,156,561
Diluted earnings per share (in dollars per share)$ 0.13$ 0.08$ 0.46$ 0.26
Weighted average common shares used in diluted computation (in shares)9,557,6099,432,3019,534,4269,244,289