Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements Of Income

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Condensed Consolidated Statements Of Income (USD $)
In Thousands, except Per Share data
 3 Months Ended 9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Interest and dividend income:        
Interest and fees on loans $ 42,664 $ 43,571 $ 126,999 $ 126,234
Interest on Federal funds sold 1 2 1 17
Interest on deposits in other banks 22 49 55 72
Interest and dividends on securities:        
Taxable 3,148 3,176 10,405 10,218
Nontaxable 1,771 1,642 5,294 4,539
Total interest and dividend income 47,606 48,440 142,754 141,080
Interest expense:        
Interest on deposits 5,924 7,956 18,774 23,056
Interest on Federal funds purchased   5 7 19
Interest on short-term borrowings 466 367 838 1,628
Interest on long-term borrowings 1,770 1,463 5,266 4,001
Total interest expense 8,160 9,791 24,885 28,704
Net interest income 39,446 38,649 117,869 112,376
Provision for loan losses 3,600 5,912 14,400 14,868
Net interest income after provision for loan losses 35,846 32,737 103,469 97,508
Noninterest income:        
Service charges on deposit accounts 2,294 2,243 6,568 6,795
Other service charges, commissions and fees 3,254 2,860 9,529 8,311
Gains on securities transactions, net 499 38 483 62
Other-than-temporary impairment losses (400)   (400)  
Gains on sales of loans 4,861 5,962 14,132 15,701
Gains (losses) on sales of other real estate and bank premises, net 118 332 (972) 376
Other operating income 918 918 2,714 2,948
Total noninterest income 11,544 12,353 32,054 34,193
Noninterest expenses:        
Salaries and benefits 18,076 17,451 53,310 50,269
Occupancy expenses 2,885 2,947 8,307 8,453
Furniture and equipment expenses 1,756 1,691 5,097 4,874
Other operating expenses 11,920 11,895 38,562 42,336
Total noninterest expenses 34,637 33,984 105,276 105,932
Income before income taxes 12,753 11,106 30,247 25,769
Income tax expense 3,682 3,033 8,162 7,271
Net income 9,071 8,073 22,085 18,498
Dividends paid and accumulated on preferred stock 462 462 1,386 1,227
Accretion of discount on preferred stock 66 62 195 163
Net income available to common shareholders $ 8,543 $ 7,549 $ 20,504 $ 17,108
Earnings per common share, basic $ 0.33 $ 0.29 $ 0.79 $ 0.68
Earnings per common share, diluted $ 0.33 $ 0.29 $ 0.79 $ 0.68