Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Share data, unless otherwise specified
 12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
INTEREST INCOME      
Loans, including Fees $ 78,184 $ 85,394 $ 94,944
Investment Securities:      
Taxable Securities 2,345 2,912 3,321
Tax Exempt Securities 546 428 647
Funds Sold 1,077 946 547
Total Interest Income 82,152 89,680 99,459
INTEREST EXPENSE      
Deposits 1,431 2,108 3,947
Short-Term Borrowings 235 196 305
Subordinated Notes Payable 1,420 1,477 1,380
Other Long-Term Borrowings 1,330 1,587 1,905
Total Interest Expense 4,416 5,368 7,537
NET INTEREST INCOME 77,736 84,312 91,922
Provision for Loan Losses 3,472 16,166 18,996
Net Interest Income After Provision for Loan Losses 74,264 68,146 72,926
NONINTEREST INCOME      
Deposit Fees 25,254 25,792 25,451
Bank Card Fees 10,786 10,783 10,141
Wealth Management Fees 8,179 7,181 7,615
Mortgage Banking Fees 3,534 3,600 2,675
Data Processing Fees 2,674 2,713 3,230
Securities Transactions 3      
Other 5,986 5,116 9,736
Total Noninterest Income 56,416 55,185 58,848
NONINTEREST EXPENSE      
Compensation 66,127 64,242 63,642
Occupancy, Net 17,331 18,055 18,271
Intangible Amortization 210 431 675
Other Real Estate 9,539 11,428 12,586
Other 29,503 30,403 31,074
Total Noninterest Expense 122,710 124,559 126,248
INCOME (LOSS) BEFORE INCOME TAXES 7,970 (1,228) 5,526
Income Tax (Benefit) Expense 1,925 (1,336) 629
NET INCOME (LOSS) $ 6,045 $ 108 $ 4,897
BASIC NET INCOME (LOSS) PER SHARE (in dollars per shares) $ 0.35 $ 0.01 $ 0.29
DILUTED NET INCOME (LOSS) PER SHARE (in dollars per shares) $ 0.35 $ 0.01 $ 0.29
Average Basic Common Shares Outstanding (in shares) 17,325 17,205 17,140
Average Diluted Common Shares Outstanding (in shares) 17,399 17,220 17,140