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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
INTEREST INCOME      
Interest and Fees on Loans $ 112,084 $ 91,745 $ 86,202
Interest on Federal Funds Sold and Other Short-term Investments 308 134 74
Interest and Dividends on Securities:      
Taxable 12,398 10,898 9,638
Non-taxable 8,959 8,253 7,451
TOTAL INTEREST INCOME 133,749 111,030 103,365
INTEREST EXPENSE      
Interest on Deposits 13,625 7,094 5,187
Interest on FHLB Advances and Other Borrowings 5,514 4,027 3,274
TOTAL INTEREST EXPENSE 19,139 11,121 8,461
NET INTEREST INCOME 114,610 99,909 94,904
Provision for Loan Losses 2,070 1,750 1,200
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 112,540 98,159 93,704
NON-INTEREST INCOME      
Company Owned Life Insurance 1,243 1,341 987
Other Operating Income 2,785 2,641 3,703
Net Gains on Sales of Loans 3,004 3,280 3,359
Net Gains on Securities 706 596 1,979
TOTAL NON-INTEREST INCOME 37,070 31,854 32,013
NON-INTEREST EXPENSE      
Salaries and Employee Benefits 51,306 46,642 43,961
Occupancy Expense 7,735 6,609 6,297
Furniture and Equipment Expense 3,142 2,621 2,261
FDIC Premiums 1,033 954 1,151
Data Processing Fees 6,942 4,276 5,686
Professional Fees 5,362 2,817 3,672
Advertising and Promotion 3,492 3,543 2,657
Intangible Amortization 1,752 942 1,062
Other Operating Expenses 12,789 9,399 9,840
TOTAL NON-INTEREST EXPENSE 93,553 77,803 76,587
Income before Income Taxes 56,057 52,210 49,130
Income Tax Expense 9,528 11,534 13,946
NET INCOME $ 46,529 $ 40,676 $ 35,184
Basic Earnings per Share (in USD per share) $ 1.99 $ 1.77 $ 1.57
Diluted Earnings per Share (in USD per share) 1.99 1.77 1.57
Dividends per Share (in USD per share) $ 0.60 $ 0.52 $ 0.48
Trust and Investment Product Fees      
NON-INTEREST INCOME      
Non-interest Income $ 6,680 $ 5,272 $ 4,644
Service Charges on Deposit Accounts      
NON-INTEREST INCOME      
Non-interest Income 7,044 6,178 5,973
Insurance Revenues      
NON-INTEREST INCOME      
Non-interest Income 8,330 7,979 7,741
Interchange Fee Income      
NON-INTEREST INCOME      
Non-interest Income $ 7,278 $ 4,567 $ 3,627