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Consolidated Statements of Income (Unaudited) - 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 & Leases $ 23,523 $ 20,915 $ 67,909 $ 59,648
Interest on Deposits with Banks 51 36 133 159
Interest on Investment Securities:        
Taxable 1,210 1,574 4,113 4,742
Exempt from Federal Tax 478 513 1,447 1,538
Total Interest Income 25,262 23,038 73,602 66,087
Interest Expense        
Deposits 1,004 777 2,691 2,243
Borrowed Funds 14 0 18 0
Subordinated Debentures 92 83 272 244
Total Interest Expense 1,110 860 2,981 2,487
Net Interest Income 24,152 22,178 70,621 63,600
Provision for Credit Losses 250 0 2,850 650
Net Interest Income After Provision for Credit Losses 23,902 22,178 67,771 62,950
Non-Interest Income        
Service Charges on Deposit Accounts 877 840 2,517 2,603
Net Gain (Loss) on Sale of Investment Securities 3 266 (286) 272
Increase in Cash Surrender Value of Life Insurance 474 485 1,422 1,428
Debit Card and ATM Fees 847 808 2,540 2,389
Net Gain on Deferred Compensation Investments 1,630 224 1,969 773
Other 722 1,087 1,987 3,735
Total Non-Interest Income 4,553 3,710 10,149 11,200
Non-Interest Expense        
Salaries and Employee Benefits 10,272 9,980 32,061 29,645
Net Gain on Deferred Compensation Investments 1,630 224 1,969 773
Occupancy 786 757 2,240 2,142
Equipment 853 786 2,552 2,294
Marketing 267 665 929 987
FDIC Insurance 320 302 960 883
Gain on Sale of ORE 0 0 (5,941) (299)
Other 2,286 1,774 8,400 5,042
Total Non-Interest Expense 16,414 14,488 43,170 41,467
Income Before Income Taxes 12,041 11,400 34,750 32,683
Provision for Income Taxes 4,503 4,360 12,708 12,491
Net Income $ 7,538 $ 7,040 $ 22,042 $ 20,192
Basic Earnings Per Common Share (in dollars per share) $ 9.51 $ 8.96 $ 27.82 $ 25.70