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, unless otherwise specified
 3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Interest and dividend income:    
Interest and fees on loans $ 40,608 $ 42,003
Interest on deposits in other banks 24 5
Interest and dividends on securities:    
Taxable 3,454 3,630
Nontaxable 1,788 1,754
Total interest and dividend income 45,874 47,392
Interest expense:    
Interest on deposits 5,335 6,684
Interest on Federal funds purchased   7
Interest on short-term borrowings 404 161
Interest on long-term borrowings 1,788 1,740
Total interest expense 7,527 8,592
Net interest income 38,347 38,800
Provision for loan losses 3,500 6,300
Net interest income after provision for loan losses 34,847 32,500
Noninterest income:    
Service charges on deposit accounts 2,130 2,058
Other service charges, commissions and fees 3,410 2,924
Losses on securities transactions, net (5) (16)
Gains on sales of loans 5,296 4,968
Losses on sales of other real estate and bank premises, net (58) (299)
Other operating income 1,045 912
Total noninterest income 11,818 10,547
Noninterest expenses:    
Salaries and benefits 19,507 17,654
Occupancy expenses 2,647 2,754
Furniture and equipment expenses 1,763 1,662
Other operating expenses 11,692 12,697
Total noninterest expenses 35,609 34,767
Income before income taxes 11,056 8,280
Income tax expense 3,133 2,086
Net income 7,923 6,194
Dividends paid and accumulated on preferred stock   462
Accretion of discount on preferred stock   64
Net income available to common shareholders $ 7,923 $ 5,668
Earnings per common share, basic $ 0.31 $ 0.22
Earnings per common share, diluted $ 0.31 $ 0.22