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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Interest Income        
Interest and Fees on Loans & Leases $ 20,915 $ 18,166 $ 59,648 $ 51,178
Interest on Deposits with Banks 36 5 159 110
Interest on Investment Securities:        
Taxable 1,574 1,849 4,742 6,073
Exempt from Federal Tax 513 594 1,538 1,758
Total Interest Income 23,038 20,614 66,087 59,119
Interest Expense        
Deposits 777 621 2,243 1,819
Borrowed Funds 0 5 0 5
Subordinated Debentures 83 82 244 242
Total Interest Expense 860 708 2,487 2,066
Net Interest Income 22,178 19,906 63,600 57,053
Provision for Credit Losses 0 0 650 0
Net Interest Income After Provision for Credit Losses 22,178 19,906 62,950 57,053
Non-Interest Income        
Service Charges on Deposit Accounts 840 1,022 2,603 2,944
Net Gain on Sale of Investment Securities 266 4 272 38
Increase in Cash Surrender Value of Life Insurance 485 477 1,428 1,405
Debit Card and ATM Fees 808 797 2,389 2,322
Net Gain (Loss) on Deferred Compensation Investments 224 (37) 773 1,493
Other 1,087 657 3,735 1,823
Total Non-Interest Income 3,710 2,920 11,200 10,025
Non-Interest Expense        
Salaries and Employee Benefits 9,980 9,336 29,645 26,710
Net Gain (Loss) on Deferred Compensation Investments 224 (37) 773 1,493
Occupancy 757 724 2,142 1,981
Equipment 786 714 2,294 2,117
FDIC Insurance 302 264 883 778
Other 2,439 1,541 5,730 4,137
Total Non-Interest Expense 14,488 12,542 41,467 37,216
Income Before Income Taxes 11,400 10,284 32,683 29,862
Provision for Income Taxes 4,360 3,852 12,491 11,044
Net Income $ 7,040 $ 6,432 $ 20,192 $ 18,818
Basic Earnings Per Common Share (in dollars per share) $ 8.96 $ 8.27 $ 25.70 $ 24.19