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Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Interest Income        
Interest and Fees on Loans & Leases $ 18,166 $ 16,679 $ 51,178 $ 48,030
Interest on Deposits with Banks 5 2 110 49
Interest on Investment Securities:        
Taxable 1,849 2,297 6,073 6,785
Exempt from Federal Tax 594 637 1,758 1,951
Total Interest Income 20,614 19,615 59,119 56,815
Interest Expense        
Deposits 621 632 1,819 1,943
Borrowed Funds 5 7 5 16
Subordinated Debentures 82 82 242 245
Total Interest Expense 708 721 2,066 2,204
Net Interest Income 19,906 18,894 57,053 54,611
Provision for Credit Losses 0 0 0 250
Net Interest Income After Provision for Credit Losses 19,906 18,894 57,053 54,361
Non-Interest Income        
Service Charges on Deposit Accounts 1,022 1,139 2,944 3,312
Net Gain (Loss) on Sale of Investment Securities 4 (1,137) 38 (248)
Increase in Cash Surrender Value of Life Insurance 477 473 1,405 1,399
Debit Card and ATM Fees 797 774 2,322 2,295
Net (Loss) Gain on Deferred Compensation Investments (37) 875 1,493 2,279
Other 657 1,324 1,823 2,872
Total Non-Interest Income 2,920 3,448 10,025 11,909
Non-Interest Expense        
Salaries and Employee Benefits 9,336 8,244 26,710 25,184
Net (Loss) Gain on Deferred Compensation Investments (37) 875 1,493 2,279
Occupancy 724 649 1,981 1,899
Equipment 714 705 2,117 2,078
FDIC Insurance 264 246 778 732
Other 1,541 1,466 4,137 5,074
Total Non-Interest Expense 12,542 12,185 37,216 37,246
Income Before Income Taxes 10,284 10,157 29,862 29,024
Provision for Income Taxes 3,852 3,805 11,044 10,856
Net Income $ 6,432 $ 6,352 $ 18,818 $ 18,168
Basic Earnings Per Common Share (in dollars per share) $ 8.27 $ 8.17 $ 24.19 $ 23.36