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CONSOLIDATED STATEMENTS OF INCOME (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Interest income:        
Interest and fees on loans $ 11,237,000 $ 10,932,000 $ 32,644,000 $ 33,207,000
Interest on investment securities:        
Taxable 2,008,000 1,132,000 5,709,000 3,328,000
Non-Taxable 729,000 699,000 2,203,000 1,990,000
Interest on federal funds sold and interest-bearing deposits 4,000 28,000 55,000 72,000
Total interest income 13,978,000 12,791,000 40,611,000 38,597,000
Interest expense:        
Interest on deposits 503,000 606,000 1,614,000 1,894,000
Interest on short-term borrowings 6,000 4,000 16,000 16,000
Interest on long-term borrowings          33,000
Interest on mandatorily redeemable trust preferred securities 177,000 180,000 526,000 536,000
Total interest expense 686,000 790,000 2,156,000 2,479,000
Net Interest Income 13,292,000 12,001,000 38,455,000 36,118,000
Provision for loan losses   800,000 350,000 2,850,000
Net Interest Income after Provision for Loan Losses 13,292,000 11,201,000 38,105,000 33,268,000
Non-interest income:        
Service charges on deposit accounts 2,214,000 2,354,000 6,139,000 6,642,000
Gains on investment securities available-for-sale      287,000 6,000
Other income, net 1,571,000 1,965,000 5,084,000 5,808,000
Total non-interest income 3,785,000 4,319,000 11,510,000 12,456,000
Non-interest expense:        
Salaries and employee benefits 5,459,000 5,394,000 16,772,000 16,717,000
Occupancy expense 1,662,000 1,554,000 4,700,000 4,702,000
Other 4,629,000 4,542,000 12,014,000 12,608,000
Total non-interest expense 11,750,000 11,490,000 33,486,000 34,027,000
Income before income taxes 5,327,000 4,030,000 16,129,000 11,697,000
Provision for income taxes 1,776,000 663,000 4,543,000 2,198,000
Net Income 3,551,000 3,367,000 11,586,000 9,499,000
PER SHARE DATA        
Book value $ 13.46 $ 12.54 $ 13.46 $ 12.54
Cash dividends $ 0.09 $ 0.07 $ 0.25 $ 0.19
Earnings per share basic $ 0.25 $ 0.24 $ 0.82 $ 0.67
Earnings per share diluted $ 0.25 $ 0.23 $ 0.81 $ 0.67
Average shares outstanding, basic 13,939,152 14,176,732 14,083,649 14,139,697
Average shares outstanding, diluted 14,072,783 14,329,177 14,217,150 14,256,782
Total shareholder equity (in thousands) 186,240,000 178,056,000 186,240,000 178,056,000
Shares outstanding 13,841,342 14,194,659 13,841,342 14,194,659
Dividends Paid $ 1,260,823 $ 991,908 $ 3,528,478 $ 2,685,932