XML 34 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Interest Income        
Interest and Fees on Loans & Leases $ 16,741 $ 15,906 $ 33,012 $ 31,351
Interest on Deposits with Banks 41 3 105 47
Interest on Investment Securities:        
Taxable 2,109 2,382 4,224 4,488
Exempt from Federal Tax 567 654 1,164 1,314
Total Interest Income 19,458 18,945 38,505 37,200
Interest Expense        
Deposits 598 628 1,198 1,311
Borrowed Funds 0 9 0 9
Subordinated Debentures 80 82 160 163
Total Interest Expense 678 719 1,358 1,483
Net Interest Income 18,780 18,226 37,147 35,717
Provision for Credit Losses 0 250 0 250
Net Interest Income After Provision for Credit Losses 18,780 17,976 37,147 35,467
Non-Interest Income        
Service Charges on Deposit Accounts 984 1,069 1,922 2,173
Net Gain on Sale of Investment Securities 31 154 34 889
Increase in Cash Surrender Value of Life Insurance 473 469 928 926
Debit Card and ATM Fees 790 794 1,525 1,521
Net Gain (Loss) on Deferred Compensation Investments 1,087 (286) 1,530 1,404
Other 578 764 1,166 1,548
Total Non-Interest Income 3,943 2,964 7,105 8,461
Non-Interest Expense        
Salaries and Employee Benefits 9,137 8,895 17,374 16,940
Net Gain (Loss) on Deferred Compensation Investments 1,087 (286) 1,530 1,404
Occupancy 635 629 1,257 1,250
Equipment 700 678 1,403 1,373
FDIC Insurance 262 246 514 486
Other 1,213 1,940 2,596 3,608
Total Non-Interest Expense 13,034 12,102 24,674 25,061
Income Before Income Taxes 9,689 8,838 19,578 18,867
Provision for Income Taxes 3,585 3,273 7,192 7,051
Net Income $ 6,104 $ 5,565 $ 12,386 $ 11,816
Basic Earnings Per Common Share (in dollars per share) $ 7.84 $ 7.15 $ 15.92 $ 15.19