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CONSOLIDATED STATEMENTS OF INCOME (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Interest income:        
Interest and fees on loans $ 11,154,000 $ 11,918,000 $ 22,297,000 $ 23,700,000
Interest on investment securities:        
Taxable 1,751,000 2,285,000 3,635,000 4,201,000
Tax-exempt 685,000 721,000 1,352,000 1,437,000
Interest on federal funds sold and interest-bearing deposits 22,000 25,000 37,000 33,000
Total interest income 13,612,000 14,949,000 27,321,000 29,371,000
Interest expense:        
Interest on deposits 809,000 1,125,000 1,694,000 2,216,000
Interest on short-term borrowings 13,000 5,000 18,000 39,000
Interest on long-term borrowings 49,000 142,000 180,000 282,000
Interest on mandatorily redeemable trust preferred securities 193,000 180,000 393,000 361,000
Total interest expense 1,064,000 1,452,000 2,285,000 2,898,000
Net Interest Income 12,548,000 13,497,000 25,036,000 26,473,000
Provision for loan losses 3,160,000 3,000,000 5,910,000 6,600,000
Net Interest Income after Provision for Loan Losses 9,388,000 10,497,000 19,126,000 19,873,000
Non-interest revenue:        
Service charges on deposit accounts 2,417,000 2,446,000 4,704,000 4,701,000
Gains on investment securities available-for-sale 1,000   71,000  
Other income, net 1,862,000 1,027,000 3,550,000 2,348,000
Total other operating income 4,280,000 3,473,000 8,325,000 7,049,000
Other operating expense:        
Salaries and employee benefits 4,911,000 5,201,000 10,576,000 10,911,000
Occupancy expense 1,563,000 1,625,000 3,052,000 3,200,000
Other 4,167,000 4,729,000 8,996,000 9,146,000
Total other operating expenses 10,641,000 11,555,000 22,624,000 23,257,000
Income before income taxes 3,027,000 2,415,000 4,827,000 3,665,000
Provision for income taxes 454,000 231,000 375,000 (48,000)
Net Income 2,573,000 2,184,000 4,452,000 3,713,000
PER SHARE DATA        
Book value $ 12.23 $ 11.78 $ 12.23 $ 11.78
Cash dividends $ 0.06 $ 0.06 $ 0.12 $ 0.12
Earnings per share basic $ 0.18 $ 0.16 $ 0.32 $ 0.27
Earnings per share diluted $ 0.18 $ 0.16 $ 0.32 $ 0.26
Average shares outstanding, basic 14,103,209 14,012,574 14,102,544 13,997,264
Average shares outstanding, diluted 14,107,640 14,084,997 14,107,416 14,072,974
Total shareholder Equity (in thousands) 172,537,000 165,412,000 172,537,000 165,412,000
Shares outstanding 14,103,209 14,046,666 14,103,209 14,046,666
Dividends Paid $ 846,193 $ 840,226 $ 1,692,289 $ 1,678,843