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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
INTEREST INCOME        
Interest and Fees on Loans $ 26,308 $ 22,602 $ 50,258 $ 44,864
Interest on Federal Funds Sold and Other Short-term Investments 54 27 110 54
Interest and Dividends on Securities:        
Taxable 2,962 2,702 5,960 5,421
Non-taxable 2,209 2,070 4,350 4,095
TOTAL INTEREST INCOME 31,533 27,401 60,678 54,434
INTEREST EXPENSE        
Interest on Deposits 2,848 1,626 5,131 3,069
Interest on FHLB Advances and Other Borrowings 1,216 962 2,468 1,827
TOTAL INTEREST EXPENSE 4,064 2,588 7,599 4,896
NET INTEREST INCOME 27,469 24,813 53,079 49,538
Provision for Loan Losses 1,220 350 1,570 850
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 26,249 24,463 51,509 48,688
NON-INTEREST INCOME        
Company Owned Life Insurance 260 480 572 734
Other Operating Income 913 630 1,517 1,487
Net Gains on Sales of Loans 905 959 1,555 1,646
Net Gains on Securities 74 0 344 0
TOTAL NON-INTEREST INCOME 8,882 7,797 18,374 15,985
NON-INTEREST EXPENSE        
Salaries and Employee Benefits 12,019 11,460 24,145 22,904
Occupancy Expense 1,811 1,570 3,555 3,119
Furniture and Equipment Expense 716 654 1,381 1,287
FDIC Premiums 238 232 475 471
Data Processing Fees 1,398 1,044 2,525 2,055
Professional Fees 1,361 913 2,232 1,716
Advertising and Promotion 857 630 1,558 1,408
Intangible Amortization 306 242 512 495
Other Operating Expenses 3,002 2,251 5,780 4,577
TOTAL NON-INTEREST EXPENSE 21,708 18,996 42,163 38,032
Income before Income Taxes 13,423 13,264 27,720 26,641
Income Tax Expense 2,326 3,425 4,810 7,246
NET INCOME $ 11,097 $ 9,839 $ 22,910 $ 19,395
Basic Earnings Per Share (USD per share) $ 0.48 $ 0.43 $ 1.00 $ 0.85
Diluted Earnings Per Share (USD per share) 0.48 0.43 1.00 0.85
Dividends Per Share (USD per share) $ 0.15 $ 0.13 $ 0.3 $ 0.26
Trust and Investment Product Fees        
NON-INTEREST INCOME        
Non-interest Income (in-scope of Topic 606) $ 1,677 $ 1,350 $ 3,450 $ 2,593
Service Charges on Deposit Accounts        
NON-INTEREST INCOME        
Non-interest Income (in-scope of Topic 606) 1,643 1,478 3,114 2,962
Insurance Revenues        
NON-INTEREST INCOME        
Non-interest Income (in-scope of Topic 606) 1,696 1,744 4,626 4,384
Interchange Fee Income        
NON-INTEREST INCOME        
Non-interest Income (in-scope of Topic 606) $ 1,714 $ 1,156 $ 3,196 $ 2,179