XML 14 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Interest Income    
Interest and Fees on Loans & Leases $ 27,044 $ 24,531
Interest on Deposits with Banks 585 249
Interest on Investment Securities:    
Taxable 2,381 2,012
Exempt from Federal Tax 418 450
Total Interest Income 30,428 27,242
Interest Expense    
Deposits 1,405 1,276
Subordinated Debentures 117 100
Total Interest Expense 1,522 1,376
Net Interest Income 28,906 25,866
Provision for Credit Losses 333 600
Net Interest Income After Provision for Credit Losses 28,573 25,266
Non-Interest Income    
Service Charges on Deposit Accounts 817 846
Increase in Cash Surrender Value of Life Insurance 452 455
Debit Card and ATM Fees 1,016 910
Net Gain on Deferred Compensation Investments 782 794
Other 1,598 2,401
Total Non-Interest Income 4,665 5,406
Non-Interest Expense    
Salaries and Employee Benefits 13,527 12,492
Net Gain on Deferred Compensation Investments 782 794
Occupancy 942 848
Equipment 1,023 987
Marketing 329 175
Legal 440 183
FDIC Insurance 239 228
Gain on Sale of ORE 0 (114)
Other 2,654 2,829
Total Non-Interest Expense 19,936 18,422
Income Before Income Taxes 13,302 12,250
Provision for Income Taxes 3,361 4,429
Net Income $ 9,941 $ 7,821
Basic Earnings Per Common Share (in dollars per share) $ 12.24 $ 9.68