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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Interest Income    
Interest and Fees on Loans & Leases $ 33,177 $ 27,044
Interest on Deposits with Banks 1,125 585
Interest on Investment Securities:    
Taxable 2,427 2,381
Exempt from Federal Tax 444 418
Total Interest Income 37,173 30,428
Interest Expense    
Deposits 2,821 1,405
Subordinated Debentures 145 117
Total Interest Expense 2,966 1,522
Net Interest Income 34,207 28,906
Provision for Credit Losses 0 333
Net Interest Income After Provision for Credit Losses 34,207 28,573
Non-Interest Income    
Service Charges on Deposit Accounts 876 817
Increase in Cash Surrender Value of Life Insurance 492 452
Debit Card and ATM Fees 1,177 1,016
Net Gain on Deferred Compensation Investments 1,045 782
Other 874 1,598
Total Non-Interest Income 4,464 4,665
Non-Interest Expense    
Salaries and Employee Benefits 13,424 13,527
Net Gain on Deferred Compensation Investments 1,045 782
Occupancy 1,040 942
Equipment 1,177 1,023
Marketing 380 329
Legal 869 440
FDIC Insurance 241 239
Other 2,269 2,654
Total Non-Interest Expense 20,445 19,936
Income Before Income Taxes 18,226 13,302
Provision for Income Taxes 4,677 3,361
Net Income $ 13,549 $ 9,941
Basic and Diluted Earnings Per Common Share (in dollars per share) $ 17.27 $ 12.24