Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (Unaudited)

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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
 3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
INTEREST INCOME    
Loans, including Fees $ 18,098 $ 20,154
Investment Securities:    
Taxable Securities 703 590
Tax Exempt Securities 144 114
Federal Funds Sold and Interest Bearing Deposits 291 270
Total Interest Income 19,236 21,128
INTEREST EXPENSE    
Deposits 308 415
Short-Term Borrowings 20 82
Subordinated Notes Payable 331 339
Other Long-Term Borrowings 291 347
Total Interest Expense 950 1,183
NET INTEREST INCOME 18,286 19,945
Provision for Loan Losses 359 1,070
Net Interest Income After Provision for Loan Losses 17,927 18,875
NONINTEREST INCOME    
Deposit Fees 5,869 6,165
Bank Card Fees 2,707 2,661
Wealth Management Fees 1,918 1,915
Mortgage Banking Fees 625 1,043
Data Processing Fees 541 653
Other 1,125 1,091
Total Noninterest Income 12,785 13,528
NONINTEREST EXPENSE    
Compensation 15,781 16,739
Occupancy, Net 4,298 4,418
Intangible Amortization 32 68
Other Real Estate Owned, net 1,399 2,824
Other 6,856 7,091
Total Noninterest Expense 28,366 31,140
INCOME (LOSS) BEFORE INCOME TAXES 2,346 1,263
Income Tax (Benefit) Expense (1,405) 424
NET INCOME $ 3,751 $ 839
BASIC NET INCOME PER SHARE $ 0.22 $ 0.05
DILUTED NET INCOME PER SHARE $ 0.22 $ 0.05
Average Basic Common Shares Outstanding 17,399 17,302
Average Diluted Common Shares Outstanding 17,439 17,309