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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
INTEREST INCOME    
Interest and Fees on Loans $ 37,858 $ 35,119
Interest on Federal Funds Sold and Other Short-term Investments 158 141
Interest and Dividends on Securities:    
Taxable 3,110 3,599
Non-taxable 2,445 2,330
TOTAL INTEREST INCOME 43,571 41,189
INTEREST EXPENSE    
Interest on Deposits 5,657 5,416
Interest on FHLB Advances and Other Borrowings 1,658 2,182
TOTAL INTEREST EXPENSE 7,315 7,598
NET INTEREST INCOME 36,256 33,591
Provision for Credit Losses 5,150 675
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 31,106 32,916
NON-INTEREST INCOME    
Company Owned Life Insurance 1,222 884
Other Operating Income 427 871
Net Gains on Sales of Loans 1,863 981
Net Gains on Securities 590 155
TOTAL NON-INTEREST INCOME 14,081 11,658
NON-INTEREST EXPENSE    
Salaries and Employee Benefits 17,400 15,044
Occupancy Expense 2,570 2,291
Furniture and Equipment Expense 1,011 928
FDIC Premiums 0 288
Data Processing Fees 1,686 1,583
Professional Fees 1,084 1,327
Advertising and Promotion 1,071 870
Intangible Amortization 960 843
Other Operating Expenses 4,546 3,585
TOTAL NON-INTEREST EXPENSE 30,328 26,759
Income before Income Taxes 14,859 17,815
Income Tax Expense 2,387 2,748
NET INCOME $ 12,472 $ 15,067
Basic Earnings Per Share (USD per share) $ 0.47 $ 0.60
Diluted Earnings Per Share (USD per share) $ 0.47 $ 0.60
Trust and Investment Product Fees    
NON-INTEREST INCOME    
Non-interest Income (in-scope of Topic 606) $ 2,031 $ 1,567
Service Charges on Deposit Accounts    
NON-INTEREST INCOME    
Non-interest Income (in-scope of Topic 606) 2,237 1,900
Insurance Revenues    
NON-INTEREST INCOME    
Non-interest Income (in-scope of Topic 606) 3,229 3,205
Interchange Fee Income    
NON-INTEREST INCOME    
Non-interest Income (in-scope of Topic 606) $ 2,482 $ 2,095