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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Interest Income        
Interest and Fees on Loans & Leases $ 34,716 $ 28,927 $ 67,893 $ 55,971
Interest on Deposits with Banks 1,161 514 2,286 1,099
Interest on Investment Securities:        
Taxable 2,244 2,315 4,671 4,696
Exempt from Federal Tax 505 405 949 823
Total Interest Income 38,626 32,161 75,799 62,589
Interest Expense        
Deposits 3,112 1,529 5,933 2,934
Subordinated Debentures 141 131 286 248
Total Interest Expense 3,253 1,660 6,219 3,182
Net Interest Income 35,373 30,501 69,580 59,407
Provision for Credit Losses 200 500 200 833
Net Interest Income After Provision for Credit Losses 35,173 30,001 69,380 58,574
Non-Interest Income        
Service Charges on Deposit Accounts 901 842 1,777 1,659
Net (Loss) on Sale of Investment Securities 0 (1,330) 0 (1,330)
Increase in Cash Surrender Value of Bank Owned Life Insurance 505 460 997 912
Debit Card and ATM Fees 1,291 1,096 2,468 2,112
Net Gain on Deferred Compensation Investments 818 407 1,863 1,189
Other 885 808 1,759 2,406
Total Non-Interest Income 4,400 2,283 8,864 6,948
Non-Interest Expense        
Salaries and Employee Benefits 13,439 11,653 26,863 25,180
Net Gain on Deferred Compensation Investments 818 407 1,863 1,189
Occupancy 1,014 907 2,054 1,849
Equipment 1,176 1,018 2,353 2,041
Marketing 233 390 613 719
Legal 851 852 1,720 1,292
FDIC Insurance 230 227 471 466
Other 2,804 2,691 5,073 5,345
Total Non-Interest Expense 20,565 18,145 41,010 38,081
Income Before Provision for Income Taxes 19,008 14,139 37,234 27,441
Provision for Income Taxes 4,903 3,589 9,580 6,950
Net Income $ 14,105 $ 10,550 $ 27,654 $ 20,491
Basic and Diluted Earnings Per Common Share (in dollars per share) $ 17.92 $ 12.90 $ 35.19 $ 25.14