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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
INTEREST INCOME        
Interest and Fees on Loans $ 16,537 $ 16,142 $ 32,836 $ 32,086
Interest on Federal Funds Sold and Other Short-term Investments 4 3 7 6
Interest and Dividends on Securities:        
Taxable 2,219 2,654 4,654 5,413
Non-taxable 1,418 1,026 2,681 2,001
TOTAL INTEREST INCOME 20,178 19,825 40,178 39,506
INTEREST EXPENSE        
Interest on Deposits 1,022 1,037 2,015 2,073
Interest on FHLB Advances and Other Borrowings 450 467 908 916
TOTAL INTEREST EXPENSE 1,472 1,504 2,923 2,989
NET INTEREST INCOME 18,706 18,321 37,255 36,517
Provision for Loan Losses 250 200 500 550
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 18,456 18,121 36,755 35,967
NON-INTEREST INCOME        
Trust and Investment Product Fees 939 905 1,923 1,827
Service Charges on Deposit Accounts 1,220 1,191 2,357 2,252
Insurance Revenues 1,515 1,482 4,060 4,038
Company Owned Life Insurance 207 192 412 393
Interchange Fee Income 563 512 1,046 959
Other Operating Income 631 590 1,207 980
Net Gains on Sales of Loans 784 386 1,533 862
Net Gains on Securities 262 244 725 472
TOTAL NON-INTEREST INCOME 6,121 5,502 13,263 11,783
NON-INTEREST EXPENSE        
Salaries and Employee Benefits 8,259 7,886 17,084 16,310
Occupancy Expense 1,201 1,198 2,427 2,514
Furniture and Equipment Expense 482 500 961 1,009
FDIC Premiums 284 276 566 551
Data Processing Fees 870 947 1,707 1,957
Professional Fees 642 553 1,286 1,245
Advertising and Promotion 484 544 927 1,022
Intangible Amortization 202 325 447 673
Other Operating Expenses 1,891 1,910 3,743 3,948
TOTAL NON-INTEREST EXPENSE 14,315 14,139 29,148 29,229
Income before Income Taxes 10,262 9,484 20,870 18,521
Income Tax Expense 2,937 2,797 6,239 5,529
NET INCOME $ 7,325 $ 6,687 $ 14,631 $ 12,992
Basic Earnings Per Share (USD per share) $ 0.55 $ 0.51 $ 1.11 $ 0.98
Diluted Earnings Per Share (USD per share) 0.55 0.51 1.10 0.98
Dividends Per Share (USD per share) $ 0.17 $ 0.16 $ 0.34 $ 0.32