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CONSOLIDATED STATEMENTS OF INCOME
$ in Thousands
3 Months Ended
Mar. 31, 2017
USD ($)
$ / shares
Mar. 31, 2016
USD ($)
$ / shares
INTEREST INCOME    
Interest and Fees on Loans $ 22,262 $ 18,664
Interest on Federal Funds Sold and Other Short-term Investments 27 17
Interest and Dividends on Securities:    
Taxable 2,719 2,277
Non-taxable 2,025 1,722
TOTAL INTEREST INCOME 27,033 22,680
INTEREST EXPENSE    
Interest on Deposits 1,443 1,155
Interest on FHLB Advances and Other Borrowings 865 741
TOTAL INTEREST EXPENSE 2,308 1,896
NET INTEREST INCOME 24,725 20,784
Provision for Loan Losses 500 850
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 24,225 19,934
NON-INTEREST INCOME    
Trust and Investment Product Fees 1,243 1,021
Service Charges on Deposit Accounts 1,484 1,233
Insurance Revenues 2,640 2,727
Company Owned Life Insurance 254 215
Interchange Fee Income 1,023 788
Other Operating Income 857 513
Net Gains on Sales of Loans 687 720
Net Gains on Securities 0 0
TOTAL NON-INTEREST INCOME 8,188 7,217
NON-INTEREST EXPENSE    
Salaries and Employee Benefits 11,444 11,601
Occupancy Expense 1,549 1,379
Furniture and Equipment Expense 633 508
FDIC Premiums 239 328
Data Processing Fees 1,011 2,165
Professional Fees 803 1,318
Advertising and Promotion 778 544
Intangible Amortization 253 208
Other Operating Expenses 2,326 2,189
TOTAL NON-INTEREST EXPENSE 19,036 20,240
Income before Income Taxes 13,377 6,911
Income Tax Expense 3,821 1,765
NET INCOME $ 9,556 $ 5,146
Basic Earnings Per Share (USD per share) | $ / shares [1] $ 0.42 $ 0.25
Diluted Earnings Per Share (USD per share) | $ / shares [1] 0.42 0.25
Dividends Per Share (USD per share) | $ / shares [1] $ 0.13 $ 0.12
[1] Per share data has been adjusted to reflect a 3-for-2 stock split on April 21, 2017.