Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Income (Unaudited)

v2.4.0.6
Condensed Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
 3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Interest and dividend income:    
Interest and fees on loans $ 39,224 $ 40,608
Interest on deposits in other banks 5 22
Interest and dividends on securities:    
Taxable 2,069 3,456
Nontaxable 1,987 1,788
Total interest and dividend income 43,285 45,874
Interest expense:    
Interest on deposits 3,962 5,335
Interest on federal funds purchased 15  
Interest on short-term borrowings 54 44
Interest on long-term borrowings 1,501 2,148
Total interest expense 5,532 7,527
Net interest income 37,753 38,347
Provision for loan losses 2,050 3,500
Net interest income after provision for loan losses 35,703 34,847
Noninterest income:    
Service charges on deposit accounts 2,272 2,130
Other service charges, commissions and fees 2,807 2,572
Losses on securities transactions, net (11) (5)
Gains on sales of mortgage loans, net of commissions 3,852 2,766
Losses on sales of bank premises (296) (31)
Other operating income 1,211 1,045
Total noninterest income 9,835 8,477
Noninterest expenses:    
Salaries and benefits 17,966 16,976
Occupancy expenses 2,855 2,647
Furniture and equipment expenses 1,845 1,763
Other operating expenses 10,835 10,882
Total noninterest expenses 33,501 32,268
Income before income taxes 12,037 11,056
Income tax expense 3,054 3,133
Net income $ 8,983 $ 7,923
Earnings per common share, basic $ 0.36 $ 0.31
Earnings per common share, diluted $ 0.36 $ 0.31