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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
INTEREST INCOME        
Interest and Fees on Loans $ 22,670 $ 16,537 $ 41,334 $ 32,836
Interest on Federal Funds Sold and Other Short-term Investments 20 4 37 7
Interest and Dividends on Securities:        
Taxable 2,287 2,219 4,564 4,654
Non-taxable 1,873 1,418 3,595 2,681
TOTAL INTEREST INCOME 26,850 20,178 49,530 40,178
INTEREST EXPENSE        
Interest on Deposits 1,326 1,022 2,481 2,015
Interest on FHLB Advances and Other Borrowings 853 450 1,594 908
TOTAL INTEREST EXPENSE 2,179 1,472 4,075 2,923
NET INTEREST INCOME 24,671 18,706 45,455 37,255
Provision for Loan Losses 350 250 1,200 500
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 24,321 18,456 44,255 36,755
NON-INTEREST INCOME        
Trust and Investment Product Fees 1,223 939 2,244 1,923
Service Charges on Deposit Accounts 1,534 1,220 2,767 2,357
Insurance Revenues 1,605 1,515 4,332 4,060
Company Owned Life Insurance 247 207 462 412
Interchange Fee Income 599 563 1,136 1,046
Other Operating Income 996 631 1,760 1,207
Net Gains on Sales of Loans 883 784 1,603 1,533
Net Gains on Securities 968 262 968 725
TOTAL NON-INTEREST INCOME 8,055 6,121 15,272 13,263
NON-INTEREST EXPENSE        
Salaries and Employee Benefits 10,184 8,259 21,785 17,084
Occupancy Expense 1,614 1,201 2,993 2,427
Furniture and Equipment Expense 604 482 1,112 961
FDIC Premiums 339 284 667 566
Data Processing Fees 1,181 870 3,346 1,707
Professional Fees 780 642 2,098 1,286
Advertising and Promotion 629 484 1,173 927
Intangible Amortization 312 202 520 447
Other Operating Expenses 2,696 1,891 4,885 3,743
TOTAL NON-INTEREST EXPENSE 18,339 14,315 38,579 29,148
Income before Income Taxes 14,037 10,262 20,948 20,870
Income Tax Expense 4,249 2,937 6,014 6,239
NET INCOME $ 9,788 $ 7,325 $ 14,934 $ 14,631
Basic Earnings Per Share (USD per share) $ 0.64 $ 0.55 $ 1.02 $ 1.11
Diluted Earnings Per Share (USD per share) 0.64 0.55 1.02 1.10
Dividends Per Share (USD per share) $ 0.18 $ 0.17 $ 0.36 $ 0.34