XML 73 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Income (Audited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
 12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Interest and dividend income      
Interest and fees on loans (includes tax-exempt income of $567,000 in 2013, $629,000 in 2012, and $696,000 in 2011) $ 34,897 $ 37,026 $ 39,805
Interest on deposits with other banks 8 4 12
Interest and dividends on investments (includes tax-exempt income of $6,065,000 in 2013, $5,175,000 in 2012, and $4,332,000 in 2011) 15,031 14,795 15,885
Total interest and dividend income 49,936 51,825 55,702
Interest expense      
Interest on deposits 7,997 8,396 9,746
Interest on borrowed funds 4,499 4,542 4,963
Total interest expense 12,496 12,938 14,709
Net interest income 37,440 38,887 40,993
Provision for loan losses 4,200 7,835 10,550
Net interest income after provision for loan losses 33,240 31,052 30,443
Non-interest income      
Fiduciary and investment management income 1,919 1,636 1,506
Service charges on deposit accounts 2,756 2,671 2,688
Net gain 1,087 1,968 3,293
Mortgage origination and servicing income 2,080 1,396 1,138
Other operating income 4,245 3,607 3,125
Total non-interest income 12,087 11,278 11,750
Non-interest expense      
Salaries and employee benefits 14,305 12,691 12,245
Occupancy expense 2,050 1,639 1,583
Furniture and equipment expense 2,656 2,235 2,144
FDIC insurance premiums 1,143 1,212 1,391
Acquisition-related costs 0 251 0
Amortization of identified intangibles 326 283 283
Other operating expense 8,457 7,960 8,392
Total non-interest expense 28,937 26,271 26,038
Income before income taxes 16,390 16,059 16,155
Applicable tax expense 3,425 3,371 3,791
Net income 12,965 12,688 12,364
Basic earnings per common share (in usd per share) $ 1.20 $ 1.22 $ 1.14
Diluted earnings per common share (in usd per share) $ 1.20 $ 1.22 $ 1.14
Other comprehensive income (loss), net of tax      
Net unrealized gain (loss) on securities available for sale (14,531) 539 9,458
Net unrecognized gain (loss) on postretirement benefits 311 (36) (14)
Other comprehensive income (loss) (14,220) 503 9,444
Comprehensive income (loss) $ (1,255) $ 13,191 $ 21,808