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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
INTEREST INCOME        
Interest and Fees on Loans $ 22,311 $ 16,702 $ 63,645 $ 49,538
Interest on Federal Funds Sold and Other Short-term Investments 25 3 62 10
Interest and Dividends on Securities:        
Taxable 2,491 2,176 7,055 6,830
Non-taxable 1,907 1,538 5,502 4,219
TOTAL INTEREST INCOME 26,734 20,419 76,264 60,597
INTEREST EXPENSE        
Interest on Deposits 1,323 987 3,804 3,002
Interest on FHLB Advances and Other Borrowings 851 573 2,445 1,481
TOTAL INTEREST EXPENSE 2,174 1,560 6,249 4,483
NET INTEREST INCOME 24,560 18,859 70,015 56,114
Provision for Loan Losses 0 (500) 1,200 0
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 24,560 19,359 68,815 56,114
NON-INTEREST INCOME        
Trust and Investment Product Fees 1,191 1,051 3,435 2,974
Service Charges on Deposit Accounts 1,612 1,237 4,379 3,594
Insurance Revenues 1,661 1,752 5,993 5,812
Company Owned Life Insurance 247 205 709 617
Interchange Fee Income 688 547 1,824 1,593
Other Operating Income 1,523 2,134 3,283 3,341
Net Gains on Sales of Loans 1,004 831 2,607 2,364
Net Gains on Securities 458 0 1,426 725
TOTAL NON-INTEREST INCOME 8,384 7,757 23,656 21,020
NON-INTEREST EXPENSE        
Salaries and Employee Benefits 10,572 8,998 32,357 26,082
Occupancy Expense 1,656 1,305 4,649 3,732
Furniture and Equipment Expense 568 456 1,680 1,417
FDIC Premiums 373 284 1,040 850
Data Processing Fees 1,261 901 4,607 2,608
Professional Fees 777 787 2,875 2,073
Advertising and Promotion 687 2,198 1,860 3,125
Intangible Amortization 280 183 800 630
Other Operating Expenses 2,479 1,854 7,364 5,597
TOTAL NON-INTEREST EXPENSE 18,653 16,966 57,232 46,114
Income before Income Taxes 14,291 10,150 35,239 31,020
Income Tax Expense 4,106 2,429 10,120 8,668
NET INCOME $ 10,185 $ 7,721 $ 25,119 $ 22,352
Basic Earnings Per Share (USD per share) $ 0.67 $ 0.58 $ 1.70 $ 1.69
Diluted Earnings Per Share (USD per share) 0.67 0.58 1.70 1.69
Dividends Per Share (USD per share) $ 0.18 $ 0.17 $ 0.54 $ 0.51