Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)

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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
 3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
INTEREST INCOME        
Loans, including Fees $ 18,528 $ 19,264 $ 54,778 $ 59,127
Investment Securities:        
Taxable 921 571 2,440 1,739
Tax Exempt 113 146 380 392
Funds Sold 204 269 752 818
Total Interest Income 19,766 20,250 58,350 62,076
INTEREST EXPENSE        
Deposits 255 335 856 1,117
Short-Term Borrowings 17 46 54 189
Subordinated Notes Payable 333 339 995 1,020
Other Long-Term Borrowings 263 330 823 1,010
Total Interest Expense 868 1,050 2,728 3,336
NET INTEREST INCOME 18,898 19,200 55,622 58,740
Provision for Loan Losses 424 555 1,282 3,075
Net Interest Income After Provision for Loan Losses 18,474 18,645 54,340 55,665
NONINTEREST INCOME        
Deposit Fees 6,211 6,474 18,293 18,856
Bank Card Fees 2,707 2,715 8,234 8,130
Wealth Management Fees 2,050 2,130 5,820 5,946
Mortgage Banking Fees 911 869 2,274 2,880
Data Processing Fees 336 662 1,265 1,985
Other 1,136 1,176 3,597 3,487
Total Noninterest Income 13,351 14,026 39,483 41,284
NONINTEREST EXPENSE        
Compensation 15,378 16,158 46,365 49,544
Occupancy, Net 4,575 4,403 13,378 12,982
Intangible Amortization    46 32 162
Other Real Estate 1,783 1,868 5,458 6,981
Other 6,871 7,678 20,816 22,087
Total Noninterest Expense 28,607 30,153 86,049 91,756
INCOME BEFORE INCOME TAXES 3,218 2,518 7,774 5,193
Income Tax Expense 1,103 927 435 1,920
NET INCOME $ 2,115 $ 1,591 $ 7,339 $ 3,273
BASIC NET INCOME PER SHARE (in dollars per share) $ 0.12 $ 0.09 $ 0.42 $ 0.19
DILUTED NET INCOME PER SHARE (in dollars per share) $ 0.12 $ 0.09 $ 0.42 $ 0.19
Average Basic Shares Outstanding (in share) 17,440 17,336 17,422 17,319
Average Diluted Shares Outstanding (in share) 17,519 17,396 17,482 17,381