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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Interest Income    
Interest and Fees on Loans & Leases $ 37,087 $ 34,160
Interest on Deposits with Banks 103 947
Interest on Investment Securities:    
Taxable 3,804 3,152
Exempt from Federal Tax 423 430
Total Interest Income 41,417 38,689
Interest Expense    
Deposits 1,237 3,144
Subordinated Debentures 79 119
Total Interest Expense 1,316 3,263
Net Interest Income 40,101 35,426
Provision for Credit Losses 1,250 0
Net Interest Income After Provision for Credit Losses 38,851 35,426
Non-Interest Income    
Service Charges on Deposit Accounts 638 920
Net Gain on Sale of Investment Securities 1,840 13
Increase in Cash Surrender Value of Bank Owned Life Insurance 526 509
Debit Card and ATM Fees 1,579 1,277
Net Gain (Loss) on Deferred Compensation Investments 3,540 (662)
Other 1,602 870
Total Non-Interest Income 9,725 2,927
Non-Interest Expense    
Salaries and Employee Benefits 16,740 14,880
Net Gain (Loss) on Deferred Compensation Investments 3,540 (662)
Occupancy 1,231 1,106
Equipment 1,224 1,168
Marketing 188 245
Legal 111 30
FDIC Insurance 287 0
Other 3,042 3,023
Total Non-Interest Expense 26,363 19,790
Income Before Provision for Income Taxes 22,213 18,563
Provision for Income Taxes 5,500 4,441
Net Income $ 16,713 $ 14,122
Basic Earnings Per Common Share (in dollars per share) $ 21.17 $ 17.80
Diluted Earnings Per Common Share (in dollars per share) $ 21.17 $ 17.80