XML 15 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Interest Income      
Interest and Fees on Loans & Leases $ 102,682 $ 91,570 $ 81,558
Interest on Deposits with Banks 2,060 287 172
Interest on Investment Securities:      
Taxable 8,123 5,505 6,311
Exempt from Federal Tax 1,747 1,904 2,034
Total Interest Income 114,612 99,266 90,075
Interest Expense      
Deposits 5,865 3,807 2,989
Borrowed Funds 0 18 7
Subordinated Debentures 424 371 329
Total Interest Expense 6,289 4,196 3,325
Net Interest Income 108,323 95,070 86,750
Provision for Credit Losses 2,850 6,335 750
Net Interest Income After Provision for Credit Losses 105,473 88,735 86,000
Non-Interest Income      
Service Charges on Deposit Accounts 3,453 3,376 3,458
Net Gain (Loss) on Investment Securities 131 (284) 275
Increase in Cash Surrender Value of Life Insurance 1,822 1,864 1,908
Debit Card and ATM Fees 3,873 3,398 3,183
Net Gain on Deferred Compensation Investments 2,563 1,999 1,375
Bargain Purchase Gain 0 1,832 0
Other 4,920 3,072 4,376
Total Non-Interest Income 16,762 15,257 14,575
Non-Interest Expense      
Salaries and Employee Benefits 45,746 41,981 39,683
Net Gain on Deferred Compensation Investments 2,563 1,999 1,375
Occupancy 3,543 2,985 2,884
Equipment 3,994 3,493 3,162
Marketing 1,027 1,191 1,254
Legal 424 1,243 421
FDIC Insurance 932 1,174 1,193
Gain on Sale of ORE (414) (5,941) (299)
Other 9,939 10,047 6,586
Total Non-Interest Expense 67,754 58,172 56,259
Income Before Income Taxes 54,481 45,820 44,316
Provision for Income Taxes 26,111 16,097 16,924
Net Income $ 28,370 $ 29,723 $ 27,392
Basic Earnings Per Common Share (in dollars per share) $ 35.03 $ 37.44 $ 34.82