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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Interest Income        
Interest and Fees on Loans & Leases $ 22,492 $ 19,606 $ 44,386 $ 38,733
Interest on Deposits with Banks 36 65 82 123
Interest on Investment Securities:        
Taxable 1,301 1,582 2,903 3,168
Exempt from Federal Tax 485 503 969 1,025
Total Interest Income 24,314 21,756 48,340 43,049
Interest Expense        
Deposits 859 754 1,687 1,466
Borrowed Funds 0 0 4 0
Subordinated Debentures 92 81 180 161
Total Interest Expense 951 835 1,871 1,627
Net Interest Income 23,363 20,921 46,469 41,422
Provision for Credit Losses 0 50 2,600 650
Net Interest Income After Provision for Credit Losses 23,363 20,871 43,869 40,772
Non-Interest Income        
Service Charges on Deposit Accounts 826 865 1,640 1,763
Net Gain (Loss) on Sale of Investment Securities 0 5 (289) 6
Increase in Cash Surrender Value of Life Insurance 474 479 948 943
Debit Card and ATM Fees 858 804 1,693 1,581
Net Gain (Loss) on Deferred Compensation Investments 48 (216) 339 549
Other 669 889 1,265 2,648
Total Non-Interest Income 2,875 2,826 5,596 7,490
Non-Interest Expense        
Salaries and Employee Benefits 10,083 9,566 21,789 19,665
Net Gain (Loss) on Deferred Compensation Investments 48 (216) 339 549
Occupancy 713 746 1,454 1,385
Equipment 842 776 1,699 1,508
Marketing 363 186 662 322
FDIC Insurance 324 297 640 581
Gain on Sale of ORE (257) (299) (5,941) (299)
Other 2,621 1,705 6,114 3,268
Total Non-Interest Expense 14,737 12,761 26,756 26,979
Income Before Income Taxes 11,501 10,936 22,709 21,283
Provision for Income Taxes 4,169 4,187 8,205 8,131
Net Income $ 7,332 $ 6,749 $ 14,504 $ 13,152
Basic Earnings Per Common Share (in dollars per share) $ 9.25 $ 8.59 $ 18.31 $ 16.74