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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Interest Income        
Interest and Fees on Loans & Leases $ 28,927 $ 25,248 $ 55,971 $ 49,779
Interest on Deposits with Banks 514 258 1,099 507
Interest on Investment Securities:        
Taxable 2,315 2,124 4,696 4,136
Exempt from Federal Tax 405 439 823 889
Total Interest Income 32,161 28,069 62,589 55,311
Interest Expense        
Deposits 1,529 1,433 2,934 2,709
Subordinated Debentures 131 105 248 205
Total Interest Expense 1,660 1,538 3,182 2,914
Net Interest Income 30,501 26,531 59,407 52,397
Provision for Credit Losses 500 650 833 1,250
Net Interest Income After Provision for Credit Losses 30,001 25,881 58,574 51,147
Non-Interest Income        
Service Charges on Deposit Accounts 842 848 1,659 1,694
Net (Loss) Gain on Sale of Investment Securities (1,330) 131 (1,330) 131
Increase in Cash Surrender Value of Life Insurance 460 454 912 909
Debit Card and ATM Fees 1,096 977 2,112 1,887
Net Gain on Deferred Compensation Investments 407 399 1,189 1,193
Other 808 730 2,406 3,131
Total Non-Interest Income 2,283 3,539 6,948 8,945
Non-Interest Expense        
Salaries and Employee Benefits 11,653 11,450 25,180 23,942
Net Gain on Deferred Compensation Investments 407 399 1,189 1,193
Occupancy 907 868 1,849 1,716
Equipment 1,018 1,026 2,041 2,013
Marketing 390 363 719 538
Legal 852 75 1,292 258
FDIC Insurance 227 233 466 461
Gain on Sale of ORE 0 (300) 0 (414)
Other 2,691 2,411 5,345 5,240
Total Non-Interest Expense 18,145 16,525 38,081 34,947
Income Before Income Taxes 14,139 12,895 27,441 25,145
Provision for Income Taxes 3,589 4,708 6,950 9,137
Net Income $ 10,550 $ 8,187 $ 20,491 $ 16,008
Basic Earnings Per Common Share (in dollars per share) $ 12.90 $ 10.12 $ 25.14 $ 19.80