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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
INTEREST INCOME        
Interest and Fees on Loans $ 28,148 $ 23,182 $ 78,406 $ 68,046
Interest on Federal Funds Sold and Other Short-term Investments 101 46 211 100
Interest and Dividends on Securities:        
Taxable 2,970 2,688 8,930 8,109
Non-taxable 2,256 2,070 6,606 6,165
TOTAL INTEREST INCOME 33,475 27,986 94,153 82,420
INTEREST EXPENSE        
Interest on Deposits 3,535 1,959 8,666 5,028
Interest on FHLB Advances and Other Borrowings 1,392 1,110 3,860 2,937
TOTAL INTEREST EXPENSE 4,927 3,069 12,526 7,965
NET INTEREST INCOME 28,548 24,917 81,627 74,455
Provision for Loan Losses 500 250 2,070 1,100
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 28,048 24,667 79,557 73,355
NON-INTEREST INCOME        
Company Owned Life Insurance 251 317 823 1,051
Other Operating Income 639 608 2,156 2,095
Net Gains on Sales of Loans 866 952 2,421 2,598
Net Gains on Securities 90 575 434 575
TOTAL NON-INTEREST INCOME 8,963 8,275 27,337 24,260
NON-INTEREST EXPENSE        
Salaries and Employee Benefits 12,134 11,570 36,279 34,474
Occupancy Expense 1,967 1,694 5,522 4,813
Furniture and Equipment Expense 771 678 2,152 1,965
FDIC Premiums 324 241 799 712
Data Processing Fees 1,309 1,067 3,834 3,122
Professional Fees 793 551 3,025 2,267
Advertising and Promotion 851 1,315 2,409 2,723
Intangible Amortization 430 230 942 725
Other Operating Expenses 2,997 2,425 8,777 7,002
TOTAL NON-INTEREST EXPENSE 21,576 19,771 63,739 57,803
Income before Income Taxes 15,435 13,171 43,155 39,812
Income Tax Expense 2,796 3,511 7,606 10,757
NET INCOME $ 12,639 $ 9,660 $ 35,549 $ 29,055
Basic Earnings Per Share (USD per share) $ 0.55 $ 0.42 $ 1.55 $ 1.27
Diluted Earnings Per Share (USD per share) 0.55 0.42 1.55 1.27
Dividends Per Share (USD per share) $ 0.15 $ 0.13 $ 0.45 $ 0.39
Trust and Investment Product Fees        
NON-INTEREST INCOME        
Non-interest Income (in-scope of Topic 606) $ 1,585 $ 1,301 $ 5,035 $ 3,894
Service Charges on Deposit Accounts        
NON-INTEREST INCOME        
Non-interest Income (in-scope of Topic 606) 1,858 1,608 4,972 4,570
Insurance Revenues        
NON-INTEREST INCOME        
Non-interest Income (in-scope of Topic 606) 1,827 1,728 6,453 6,112
Interchange Fee Income        
NON-INTEREST INCOME        
Non-interest Income (in-scope of Topic 606) $ 1,847 $ 1,186 $ 5,043 $ 3,365