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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
INTEREST INCOME    
Interest and Fees on Loans $ 23,950 $ 22,262
Interest on Federal Funds Sold and Other Short-term Investments 56 27
Interest and Dividends on Securities:    
Taxable 2,998 2,719
Non-taxable 2,141 2,025
TOTAL INTEREST INCOME 29,145 27,033
INTEREST EXPENSE    
Interest on Deposits 2,283 1,443
Interest on FHLB Advances and Other Borrowings 1,252 865
TOTAL INTEREST EXPENSE 3,535 2,308
NET INTEREST INCOME 25,610 24,725
Provision for Loan Losses 350 500
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 25,260 24,225
NON-INTEREST INCOME    
Trust and Investment Product Fees 1,773 1,243
Service Charges on Deposit Accounts 1,471 1,484
Insurance Revenues 2,930 2,640
Company Owned Life Insurance 312 254
Interchange Fee Income 1,482 1,023
Other Operating Income 604 857
Net Gains on Sales of Loans 650 687
Net Gains on Securities 270 0
TOTAL NON-INTEREST INCOME 9,492 8,188
NON-INTEREST EXPENSE    
Salaries and Employee Benefits 12,126 11,444
Occupancy Expense 1,744 1,549
Furniture and Equipment Expense 665 633
FDIC Premiums 237 239
Data Processing Fees 1,127 1,011
Professional Fees 871 803
Advertising and Promotion 701 778
Intangible Amortization 206 253
Other Operating Expenses 2,778 2,326
TOTAL NON-INTEREST EXPENSE 20,455 19,036
Income before Income Taxes 14,297 13,377
Income Tax Expense 2,484 3,821
NET INCOME $ 11,813 $ 9,556
Basic Earnings Per Share (USD per share) $ 0.51 $ 0.42
Diluted Earnings Per Share (USD per share) 0.51 0.42
Dividends Per Share (USD per share) $ 0.15 $ 0.13