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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Interest Income        
Interest and Fees on Loans & Leases $ 19,606 $ 16,741 $ 38,733 $ 33,012
Interest on Deposits with Banks 65 41 123 105
Interest on Investment Securities:        
Taxable 1,582 2,109 3,168 4,224
Exempt from Federal Tax 503 567 1,025 1,164
Total Interest Income 21,756 19,458 43,049 38,505
Interest Expense        
Deposits 754 598 1,466 1,198
Subordinated Debentures 81 80 161 160
Total Interest Expense 835 678 1,627 1,358
Net Interest Income 20,921 18,780 41,422 37,147
Provision for Credit Losses 50 0 650 0
Net Interest Income After Provision for Credit Losses 20,871 18,780 40,772 37,147
Non-Interest Income        
Service Charges on Deposit Accounts 865 984 1,763 1,922
Net Gain on Sale of Investment Securities 5 31 6 34
Increase in Cash Surrender Value of Life Insurance 479 473 943 928
Debit Card and ATM Fees 804 790 1,581 1,525
Net (Loss) Gain on Deferred Compensation Investments (216) 1,087 549 1,530
Other 889 578 2,648 1,166
Total Non-Interest Income 2,826 3,943 7,490 7,105
Non-Interest Expense        
Salaries and Employee Benefits 9,566 9,137 19,665 17,374
Net (Loss) Gain on Deferred Compensation Investments (216) 1,087 549 1,530
Occupancy 746 635 1,385 1,257
Equipment 776 700 1,508 1,403
FDIC Insurance 297 262 581 514
Other 1,592 1,213 3,291 2,596
Total Non-Interest Expense 12,761 13,034 26,979 24,674
Income Before Income Taxes 10,936 9,689 21,283 19,578
Provision for Income Taxes 4,187 3,585 8,131 7,192
Net Income $ 6,749 $ 6,104 $ 13,152 $ 12,386
Basic Earnings Per Common Share (in dollars per share) $ 8.59 $ 7.84 $ 16.74 $ 15.92