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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Interest Income      
Interest and Fees on Loans & Leases $ 137,237 $ 119,837 $ 102,682
Interest on Deposits with Banks 4,909 2,755 2,060
Interest on Investment Securities:      
Taxable 9,911 9,257 8,123
Exempt from Federal Tax 1,651 1,604 1,747
Total Interest Income 153,708 133,453 114,612
Interest Expense      
Deposits 12,640 7,425 5,865
Borrowed Funds 0 1 0
Subordinated Debentures 554 524 424
Total Interest Expense 13,194 7,950 6,289
Net Interest Income 140,514 125,503 108,323
Provision for Credit Losses 200 5,533 2,850
Net Interest Income After Provision for Loan Losses 140,314 119,970 105,473
Non-Interest Income      
Service Charges on Deposit Accounts 3,673 3,479 3,453
Net Gain (Loss) on Investment Securities 1 (1,260) 131
Increase in Cash Surrender Value of Bank Owned Life Insurance 2,031 1,900 1,822
Debit Card and ATM Fees 5,120 4,365 3,873
Net Gain on Deferred Compensation Investments 2,625 1,088 2,563
Other 3,791 5,647 4,920
Total Non-Interest Income 17,241 15,219 16,762
Non-Interest Expense      
Salaries and Employee Benefits 55,250 50,054 45,746
Net Gain on Deferred Compensation Investments 2,625 1,088 2,563
Occupancy 4,295 3,905 3,543
Equipment 4,921 4,303 3,994
Marketing 1,254 1,232 1,027
Legal 2,347 968 424
FDIC Insurance 624 912 932
Gain on Sale of ORE 0 0 (414)
Acquisition Expenses 0 2,933 0
Other 10,926 10,064 9,939
Total Non-Interest Expense 82,242 75,459 67,754
Income Before Income Taxes 75,313 59,730 54,481
Provision for Income Taxes 19,277 14,203 26,111
Net Income $ 56,036 $ 45,527 $ 28,370
Basic and Diluted Earnings Per Common Share (in dollars per share) $ 71.18 $ 56.82 $ 35.03