XML 14 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Interest Income    
Interest and Fees on Loans & Leases $ 24,531 $ 21,894
Interest on Deposits with Banks 249 46
Interest on Investment Securities:    
Taxable 2,012 1,602
Exempt from Federal Tax 450 484
Total Interest Income 27,242 24,026
Interest Expense    
Deposits 1,276 828
Borrowed Funds 0 4
Subordinated Debentures 100 88
Total Interest Expense 1,376 920
Net Interest Income 25,866 23,106
Provision for Credit Losses 600 2,600
Net Interest Income After Provision for Credit Losses 25,266 20,506
Non-Interest Income    
Service Charges on Deposit Accounts 846 814
Net Gain (Loss) on Sale of Investment Securities 0 (289)
Increase in Cash Surrender Value of Life Insurance 455 474
Debit Card and ATM Fees 910 835
Net Gain on Deferred Compensation Investments 794 291
Other 2,401 596
Total Non-Interest Income 5,406 2,721
Non-Interest Expense    
Salaries and Employee Benefits 12,492 11,706
Net Gain on Deferred Compensation Investments 794 291
Occupancy 848 741
Equipment 987 857
Marketing 175 299
FDIC Insurance 228 316
Gain on Sale of ORE (114) (5,684)
Other 3,012 3,493
Total Non-Interest Expense 18,422 12,019
Income Before Income Taxes 12,250 11,208
Provision for Income Taxes 4,429 4,036
Net Income $ 7,821 $ 7,172
Basic Earnings Per Common Share (in dollars per share) $ 9.68 $ 9.06