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Consolidated Statements of Income and Comprehensive Income (Unaudited) (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Interest and dividend income        
Interest and fees on loans $ 8,738,000 $ 9,367,000 $ 17,530,000 $ 18,759,000
Interest on deposits with other banks 2,000 1,000 4,000 1,000
Interest and dividends on investments 3,509,000 3,765,000 6,980,000 7,479,000
Total interest income 12,249,000 13,133,000 24,514,000 26,239,000
Interest expense        
Interest on deposits 2,025,000 2,104,000 4,012,000 4,297,000
Interest on borrowed funds 1,113,000 1,111,000 2,228,000 2,218,000
Total interest expense 3,138,000 3,215,000 6,240,000 6,515,000
Net interest income 9,111,000 9,918,000 18,274,000 19,724,000
Provision for loan losses 1,200,000 2,800,000 2,700,000 4,900,000
Net interest income after provision for loan losses 7,911,000 7,118,000 15,574,000 14,824,000
Non-interest income        
Investment management and fiduciary income 519,000 448,000 968,000 844,000
Service charges on deposit accounts 775,000 713,000 1,423,000 1,351,000
Net securities gains 788,000 1,444,000 1,087,000 1,967,000
Mortgage origination and servicing income 491,000 460,000 1,387,000 304,000
Other operating income 1,006,000 831,000 2,002,000 1,598,000
Total non-interest income 3,579,000 3,896,000 6,867,000 6,064,000
Non-interest expense        
Salaries and employee benefits 3,520,000 3,118,000 6,994,000 6,202,000
Occupancy expense 522,000 405,000 1,069,000 819,000
Furniture and equipment expense 688,000 550,000 1,310,000 1,123,000
FDIC insurance premiums 294,000 305,000 584,000 606,000
Amortization of identified intangibles 81,000 70,000 163,000 141,000
Other operating expense 2,318,000 2,282,000 4,692,000 4,017,000
Total non-interest expense 7,423,000 6,730,000 14,812,000 12,908,000
Income before income taxes 4,067,000 4,284,000 7,629,000 7,980,000
Income tax expense 825,000 961,000 1,531,000 1,744,000
NET INCOME 3,242,000 3,323,000 6,098,000 6,236,000
Basic earnings per common share (usd per share) $ 0.29 $ 0.32 $ 0.56 $ 0.60
Diluted earnings per common share (usd per share) $ 0.29 $ 0.32 $ 0.56 $ 0.60
Other comprehensive income (loss), net of tax        
Net unrealized (gain) loss on securities available for sale (8,907,000) 438,000 (11,373,000) 125,000
Amortization of unrecognized postretirement benefits 4,000 5,000 8,000 10,000
Other comprehensive income (loss) (8,903,000) 443,000 (11,365,000) 135,000
Comprehensive income (loss) $ (5,661,000) $ 3,766,000 $ (5,267,000) $ 6,371,000