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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Interest Income        
Interest and Fees on Loans & Leases $ 30,959 $ 26,491 $ 86,930 $ 76,270
Interest on Deposits with Banks 638 648 1,737 1,155
Interest on Investment Securities:        
Taxable 2,074 2,038 6,770 6,174
Exempt from Federal Tax 394 432 1,217 1,321
Total Interest Income 34,065 29,609 96,654 84,920
Interest Expense        
Deposits 2,020 1,644 4,954 4,353
Subordinated Debentures 137 115 385 320
Total Interest Expense 2,157 1,759 5,339 4,673
Net Interest Income 31,908 27,850 91,315 80,247
Provision for Credit Losses 2,500 1,600 3,333 2,850
Net Interest Income After Provision for Credit Losses 29,408 26,250 87,982 77,397
Non-Interest Income        
Service Charges on Deposit Accounts 915 897 2,574 2,591
Net (Loss) Gain on Sale of Investment Securities 0 0 (1,330) 131
Increase in Cash Surrender Value of Life Insurance 473 458 1,385 1,367
Debit Card and ATM Fees 1,101 990 3,213 2,877
Net Gain on Deferred Compensation Investments 715 510 1,904 1,703
Other 1,004 783 3,410 3,914
Total Non-Interest Income 4,208 3,638 11,156 12,583
Non-Interest Expense        
Salaries and Employee Benefits 12,329 10,809 37,509 34,751
Net Gain on Deferred Compensation Investments 715 510 1,904 1,703
Occupancy 984 864 2,833 2,580
Equipment 1,078 957 3,119 2,970
Marketing 257 329 976 867
Legal 261 51 1,553 309
FDIC Insurance 227 233 693 694
Gain on Sale of ORE 0 0 0 (414)
Other 2,770 2,554 8,115 7,794
Total Non-Interest Expense 18,621 16,307 56,702 51,254
Income Before Income Taxes 14,995 13,581 42,436 38,726
Provision for Income Taxes 2,995 5,000 9,945 14,137
Net Income $ 12,000 $ 8,581 $ 32,491 $ 24,589
Basic Earnings Per Common Share (in dollars per share) $ 15.12 $ 10.59 $ 40.26 $ 30.39