2009 Y 2010 Y 2011 Y 2012 Y 2013 Q1 YTD Source Document 12/31/2011 12/31/2012 12/31/2012 12/31/2012 3/31/2013 Currency Code USD USD USD USD USD (in thousands) Loans 93,702 88,628 78,648 72,621 16,796 Investment securities Taxable 3,976 4,070 4,571 4,241 678 Non-taxable 1,797 1,985 2,515 2,882 725 Interest-bearing deposits 149 303 466 300 58 FHLB stock dividends 955 879 867 899 219 Total interest income 100,579 95,865 87,067 80,943 18,476 Deposits 26,102 19,222 12,175 8,169 1,647 FHLB advances and other 5,114 4,711 3,203 2,424 90 Subordinated debentures 1,471 1,314 1,278 971 152 Securities sold under repurchase agreements 570 455 530 373 60 Total interest expense 33,257 25,702 17,186 11,937 1,949 Net interest income 67,322 70,163 69,881 69,006 16,527 Provision for loan losses 23,232 23,177 12,434 10,924 425 Net interest income after provision for loan losses 44,090 46,986 57,447 58,082 16,102 Service fees and other charges 13,503 12,740 11,387 10,779 2,385 Insurance commission income 5,021 5,140 7,109 8,676 3,036 Mortgage banking income 9,747 7,847 6,437 9,665 2,830 Gain on sale of non-mortgage loans 264 516 361 70 15 Gain on sale or call of securities 284 (8) 218 2,139 53 Other-than-temporary impairment (OTTI) losses on investment securities Total impairment losses on investment securities (4,015) (367) (44) (31) NA Losses recognized in other comprehensive income 75 36 42 26 NA Net impairment loss recognized in earnings (3,940) (331) (2) (5) NA Trust income 415 507 599 616 163 Income from Bank Owned Life Insurance 557 1,146 929 924 229 Other non-interest income 444 33 478 1,510 251 Total non-interest income 26,295 27,590 27,516 34,374 8,962 Compensation and benefits 27,898 27,403 31,554 32,566 8,798 Occupancy 7,852 7,048 7,166 7,578 1,654 FDIC insurance premium 3,350 3,766 2,922 2,691 656 State franchise tax NA NA NA NA 629 Data processing 4,541 4,909 4,257 4,660 1,181 Acquisition related charges 0 63 234 0 NA Amortization of intangibles NA NA NA NA 336 Other non-interest expense 16,883 20,274 16,631 18,285 3,945 Total non-interest expense 60,524 63,463 62,764 65,780 17,199 Income before income taxes 9,861 11,113 22,199 26,676 7,865 Federal income taxes 2,667 3,005 6,665 8,012 2,306 Net Income 7,194 8,108 15,534 18,664 5,559 Dividends accrued on preferred shares (1,850) (1,850) (1,850) (900) 0 Accretion on preferred shares (160) (170) (178) (359) 0 Redemption of Preferred Shares NA 0 0 642 NA Net income applicable to common shares 5,184 6,088 13,506 18,047 5,559 Basic 0.64 0.75 1.44 1.86 0.57 Diluted 0.63 0.75 1.42 1.81 0.55 Dividends declared per share 0.3 0 0.05 0.2 0.1 Basic NA NA NA NA 9,736 Diluted NA NA NA NA 10,105 Net income NA 8,108 15,534 18,664 5,559 Other comprehensive income Unrealized losses on securities available for sale NA (1,010) 7,404 2,360 (664) Reclassification adjustment for security gains included in net income NA 8 (218) (2,139) (53) Other-than-temporary impairment losses on AFS securities realized in income NA 331 2 5 NA Net unrealized gains (losses) NA (671) 7,188 226 NA Income tax effect NA 235 (2,516) (79) NA Net of tax amount NA (436) 4,672 147 NA Income tax benefit NA NA NA NA 251 Other comprehensive loss NA (184) 4,339 277 (466) Change in unrealized gain on postretirement benefit Net gain (loss) on defined benefit postretirement medical plan realized during the period NA 349 (537) 148 NA Net amortization and deferral NA 39 25 51 NA Net gain (loss) activity during the period NA 388 (512) 199 NA Income tax effect NA (136) 179 (69) NA Net of tax amount NA 252 (333) 130 NA Comprehensive income NA 7,924 19,873 18,941 5,093
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