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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Interest Income    
Interest and Fees on Loans & Leases $ 34,160 $ 33,177
Interest on Deposits with Banks 947 1,125
Interest on Investment Securities:    
Taxable 3,152 2,427
Exempt from Federal Tax 430 444
Total Interest Income 38,689 37,173
Interest Expense    
Deposits 3,144 2,821
Subordinated Debentures 119 145
Total Interest Expense 3,263 2,966
Net Interest Income 35,426 34,207
Provision for Credit Losses 0 0
Net Interest Income After Provision for Credit Losses 35,426 34,207
Non-Interest Income    
Service Charges on Deposit Accounts 920 876
Net Gain on Sale of Investment Securities 13 0
Increase in Cash Surrender Value of Life Insurance 509 492
Debit Card and ATM Fees 1,277 1,177
Net (Loss) Gain on Deferred Compensation Investments (662) 1,045
Other 870 874
Total Non-Interest Income 2,927 4,464
Non-Interest Expense    
Salaries and Employee Benefits 14,880 13,424
Net (Loss) Gain on Deferred Compensation Investments (662) 1,045
Occupancy 1,106 1,040
Equipment 1,168 1,177
Marketing 245 380
Legal 30 869
FDIC Insurance 0 241
Other 3,023 2,269
Total Non-Interest Expense 19,790 20,445
Income Before Provision for Income Taxes 18,563 18,226
Provision for Income Taxes 4,441 4,677
Net Income $ 14,122 $ 13,549
Basic and Diluted Earnings Per Common Share (in dollars per share) $ 17.80 $ 17.27