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Consolidated Statements of Income (USD $)
In Thousands, except Per Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Interest income:    
Real estate loans$ 4,247$ 4,866$ 12,949$ 15,104
Commercial loans8921,0512,7263,204
Consumer loans10163560
Total loan interest5,1495,93315,71018,368
Securities1,5261,4554,6284,549
Other interest earning assets671721
Total interest income6,6817,39520,35522,938
Interest expense:    
Deposits5818801,9663,135
Repurchase agreements264683145
Borrowed funds159210486714
Total interest expense7661,1362,5353,994
Net interest income5,9156,25917,82018,944
Provision for loan losses5701,6152,6354,120
Net interest income after provision for loan losses5,3454,64415,18514,824
Noninterest income:    
Fees and service charges6446521,8651,896
Wealth management operations293353877887
Gain/(loss) on foreclosed real estate, net(2)(266)786(201)
Gain on sale of securities, net183111683853
Increase in cash value of bank owned life insurance97102299306
Gain on sale of loans held-for-sale, net27335137607
Other-than-temporary impairment of securities0650(29)
Net credit portion of gain/(loss) recognized in other comprehensive income0(80)0(99)
Other933712
Total noninterest income1,2511,2754,6844,232
Noninterest expense:    
Compensation and benefits2,5192,4267,4307,293
Occupancy and equipment8777942,5692,386
Federal deposit insurance premiums208231805727
Data processing246236747700
Marketing8890304329
Other1,2971,0073,2172,906
Total noninterest expense5,2354,78415,07214,341
Income before income tax expenses1,3611,1354,7974,715
Income tax expenses23194816669
Net income$ 1,130$ 1,041$ 3,981$ 4,046
Earnings per common share:    
Basic (in dollars per share)$ 0.40$ 0.37$ 1.41$ 1.43
Diluted (in dollars per share)$ 0.40$ 0.37$ 1.41$ 1.43
Dividends declared per common share (in dollars per share)$ 0.15$ 0.15$ 0.45$ 0.57