Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited)

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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
 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 $ 38,687 $ 40,299 $ 77,912 $ 80,907
Interest on Federal funds sold       1   
Interest on deposits in other banks 6 32 11 54
Interest and dividends on securities:        
Taxable 1,939 3,184 4,008 6,640
Nontaxable 2,054 1,787 4,041 3,577
Total interest and dividend income 42,686 45,302 85,973 91,178
Interest expense:        
Interest on deposits 3,701 5,023 7,663 10,358
Interest on federal funds purchased 21 1 36 1
Interest on short-term borrowings 54 47 108 91
Interest on long-term borrowings 1,507 2,144 3,009 4,294
Total interest expense 5,283 7,215 10,816 14,744
Net interest income 37,403 38,087 75,157 76,434
Provision for loan losses 1,000 3,000 3,050 6,500
Net interest income after provision for loan losses 36,403 35,087 72,107 69,934
Noninterest income:        
Service charges on deposit accounts 2,346 2,291 4,618 4,421
Other service charges, commissions and fees 3,222 2,774 6,029 5,346
Gains on securities transactions, net 53 10 42 5
Gains on sales of mortgage loans, net of commissions 4,668 3,832 8,520 6,597
Gains (losses) on sales of bank premises (34) 373 (330) 343
Other operating income 1,044 973 2,254 2,017
Total noninterest income 11,299 10,253 21,133 18,729
Noninterest expenses:        
Salaries and benefits 17,912 16,935 35,878 33,911
Occupancy expenses 2,764 3,092 5,619 5,739
Furniture and equipment expenses 1,741 1,868 3,585 3,631
Other operating expenses 11,866 11,712 22,701 22,593
Total noninterest expenses 34,283 33,607 67,783 65,874
Income before income taxes 13,419 11,733 25,457 22,789
Income tax expense 3,956 3,313 7,011 6,446
Net income $ 9,463 $ 8,420 $ 18,446 $ 16,343
Earnings per common share, basic $ 0.38 $ 0.32 $ 0.74 $ 0.63
Earnings per common share, diluted $ 0.38 $ 0.32 $ 0.74 $ 0.63