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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
INTEREST INCOME    
Interest and Fees on Loans $ 18,664 $ 16,299
Interest on Federal Funds Sold and Other Short-term Investments 17 3
Interest and Dividends on Securities:    
Taxable 2,277 2,435
Non-taxable 1,722 1,263
TOTAL INTEREST INCOME 22,680 20,000
INTEREST EXPENSE    
Interest on Deposits 1,155 993
Interest on FHLB Advances and Other Borrowings 741 458
TOTAL INTEREST EXPENSE 1,896 1,451
NET INTEREST INCOME 20,784 18,549
Provision for Loan Losses 850 250
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 19,934 18,299
NON-INTEREST INCOME    
Trust and Investment Product Fees 1,021 984
Service Charges on Deposit Accounts 1,233 1,137
Insurance Revenues 2,727 2,545
Company Owned Life Insurance 215 205
Interchange Fee Income 537 483
Other Operating Income 764 576
Net Gains on Sales of Loans 720 749
Net Gains on Securities 0 463
TOTAL NON-INTEREST INCOME 7,217 7,142
NON-INTEREST EXPENSE    
Salaries and Employee Benefits 11,601 8,825
Occupancy Expense 1,379 1,226
Furniture and Equipment Expense 508 479
FDIC Premiums 328 282
Data Processing Fees 2,165 837
Professional Fees 1,318 644
Advertising and Promotion 544 443
Intangible Amortization 208 245
Other Operating Expenses 2,189 1,852
TOTAL NON-INTEREST EXPENSE 20,240 14,833
Income before Income Taxes 6,911 10,608
Income Tax Expense 1,765 3,302
NET INCOME $ 5,146 $ 7,306
Basic Earnings Per Share (USD per share) $ 0.37 $ 0.55
Diluted Earnings Per Share (USD per share) 0.37 0.55
Dividends Per Share (USD per share) $ 0.18 $ 0.17