XML 14 R4.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Interest Income        
Interest and Fees on Loans & Leases $ 36,664 $ 34,311 $ 73,751 $ 68,471
Interest on Deposits with Banks 164 65 267 1,012
Interest on Investment Securities:        
Taxable 3,694 3,175 7,498 6,327
Exempt from Federal Tax 416 416 839 846
Total Interest Income 40,938 37,967 82,355 76,656
Interest Expense        
Deposits 1,034 2,458 2,271 5,602
Subordinated Debentures 79 94 158 213
Total Interest Expense 1,113 2,552 2,429 5,815
Net Interest Income 39,825 35,415 79,926 70,841
Provision for Credit Losses 0 300 1,250 300
Net Interest Income After Provision for Credit Losses 39,825 35,115 78,676 70,541
Non-Interest Income        
Service Charges on Deposit Accounts 679 374 1,317 1,294
Net Gain on Sale of Investment Securities 714 0 2,554 13
Increase in Cash Surrender Value of Bank Owned Life Insurance 541 520 1,067 1,029
Debit Card and ATM Fees 1,806 1,302 3,385 2,579
Net Gain (Loss) on Deferred Compensation Investments 11,746 523 15,286 (139)
Other 939 795 2,541 1,665
Total Non-Interest Income 16,425 3,514 26,150 6,441
Non-Interest Expense        
Salaries and Employee Benefits 16,182 13,783 32,922 28,663
Net Gain (Loss) on Deferred Compensation Investments 11,746 523 15,286 (139)
Occupancy 1,178 1,137 2,409 2,243
Equipment 1,213 1,286 2,437 2,454
Marketing 418 25 606 270
Legal 289 47 400 77
FDIC Insurance 298 7 585 7
Other 3,533 2,979 6,575 6,002
Total Non-Interest Expense 34,857 19,787 61,220 39,577
Income Before Provision for Income Taxes 21,393 18,842 43,606 37,405
Provision for Income Taxes 5,240 4,533 10,740 8,974
Net Income $ 16,153 $ 14,309 $ 32,866 $ 28,431
Basic Earnings Per Common Share (in dollars per share) $ 20.45 $ 18.03 $ 41.62 $ 35.83
Diluted Earnings Per Common Share (in dollars per share) $ 20.45 $ 18.03 $ 41.62 $ 35.83