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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Interest Income        
Interest and Fees on Loans & Leases $ 26,491 $ 23,523 $ 76,270 $ 67,909
Interest on Deposits with Banks 648 51 1,155 133
Interest on Investment Securities:        
Taxable 2,038 1,210 6,174 4,113
Exempt from Federal Tax 432 478 1,321 1,447
Total Interest Income 29,609 25,262 84,920 73,602
Interest Expense        
Deposits 1,644 1,004 4,353 2,691
Borrowed Funds 0 14 0 18
Subordinated Debentures 115 92 320 272
Total Interest Expense 1,759 1,110 4,673 2,981
Net Interest Income 27,850 24,152 80,247 70,621
Provision for Credit Losses 1,600 250 2,850 2,850
Net Interest Income After Provision for Credit Losses 26,250 23,902 77,397 67,771
Non-Interest Income        
Service Charges on Deposit Accounts 897 877 2,591 2,517
Net Gain (Loss) on Sale of Investment Securities 0 3 131 (286)
Increase in Cash Surrender Value of Life Insurance 458 474 1,367 1,422
Debit Card and ATM Fees 990 847 2,877 2,540
Net Gain on Deferred Compensation Investments 510 1,630 1,703 1,969
Other 783 722 3,914 1,987
Total Non-Interest Income 3,638 4,553 12,583 10,149
Non-Interest Expense        
Salaries and Employee Benefits 10,809 10,272 34,751 32,061
Net Gain on Deferred Compensation Investments 510 1,630 1,703 1,969
Occupancy 864 786 2,580 2,240
Equipment 957 853 2,970 2,552
Marketing 329 267 867 929
FDIC 233 320 694 960
Gain on Sale of ORE 0 0 (414) (5,941)
Other 2,605 2,286 8,103 8,400
Total Non-Interest Expense 16,307 16,414 51,254 43,170
Income Before Income Taxes 13,581 12,041 38,726 34,750
Provision for Income Taxes 5,000 4,503 14,137 12,708
Net Income $ 8,581 $ 7,538 $ 24,589 $ 22,042
Basic Earnings Per Common Share (in dollars per share) $ 10.59 $ 9.51 $ 30.39 $ 27.82