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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Interest Income        
Interest and Fees on Loans & Leases $ 36,088 $ 36,409 $ 109,839 $ 104,880
Interest on Deposits with Banks 328 81 595 1,093
Interest on Investment Securities:        
Taxable 3,283 2,889 10,781 9,216
Exempt from Federal Tax 399 414 1,238 1,260
Total Interest Income 40,098 39,793 122,453 116,449
Interest Expense        
Deposits 929 2,011 3,200 7,613
Subordinated Debentures 78 83 236 296
Total Interest Expense 1,007 2,094 3,436 7,909
Net Interest Income 39,091 37,699 119,017 108,540
Provision for Credit Losses 0 1,700 1,250 2,000
Net Interest Income After Provision for Loan Losses 39,091 35,999 117,767 106,540
Non-Interest Income        
Service Charges on Deposit Accounts 808 654 2,125 1,948
Net Gain on Sale of Investment Securities 0 0 2,554 13
Increase in Cash Surrender Value of Bank Owned Life Insurance 549 528 1,616 1,557
Debit Card and ATM Fees 1,788 1,465 5,173 4,044
Net Gain on Deferred Compensation Investments 615 1,022 1,828 883
Other 1,100 870 3,641 2,535
Total Non-Interest Income 4,860 4,539 16,937 10,980
Non-Interest Expense        
Salaries and Employee Benefits 14,453 13,606 47,375 42,269
Net Gain on Deferred Compensation Investments 615 1,022 1,828 883
Occupancy 1,145 1,186 3,554 3,429
Equipment 1,251 1,272 3,688 3,726
Marketing 63 245 669 515
Legal 85 23 485 100
FDIC Insurance 317 249 902 256
Other 2,656 3,180 9,231 9,182
Total Non-Interest Expense 20,585 20,783 67,732 60,360
Income Before Provision for Income Taxes 23,366 19,755 66,972 57,160
Provision for Income Taxes 5,864 4,945 16,604 13,919
Net Income $ 17,502 $ 14,810 $ 50,368 $ 43,241
Basic Earnings Per Common Share (in dollars per share) $ 22.16 $ 18.66 $ 63.79 $ 54.49
Diluted Earnings Per Common Share (in dollars per share) $ 22.16 $ 18.66 $ 63.79 $ 54.49