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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
INTEREST INCOME        
Interest and Fees on Loans $ 16,142 $ 15,035 $ 32,086 $ 29,920
Interest on Federal Funds Sold and Other Short-term Investments 3 13 6 23
Interest and Dividends on Securities:        
Taxable 2,654 2,771 5,413 5,612
Non-taxable 1,026 639 2,001 1,273
TOTAL INTEREST INCOME 19,825 18,458 39,506 36,828
INTEREST EXPENSE        
Interest on Deposits 1,037 1,154 2,073 2,388
Interest on FHLB Advances and Other Borrowings 467 592 916 1,503
TOTAL INTEREST EXPENSE 1,504 1,746 2,989 3,891
NET INTEREST INCOME 18,321 16,712 36,517 32,937
Provision for Loan Losses 200 (200) 550 150
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 18,121 16,912 35,967 32,787
NON-INTEREST INCOME        
Trust and Investment Product Fees 905 814 1,827 1,631
Service Charges on Deposit Accounts 1,191 1,050 2,252 2,005
Insurance Revenues 1,482 1,379 4,038 3,163
Company Owned Life Insurance 192 217 393 483
Interchange Fee Income 512 513 959 943
Other Operating Income 590 861 980 1,152
Net Gains on Sales of Loans 386 809 862 1,563
Net Gains on Securities 244 467 472 1,080
TOTAL NON-INTEREST INCOME 5,502 6,110 11,783 12,020
NON-INTEREST EXPENSE        
Salaries and Employee Benefits 7,886 7,627 16,310 15,411
Occupancy Expense 1,198 1,099 2,514 2,204
Furniture and Equipment Expense 500 466 1,009 941
FDIC Premiums 276 260 551 515
Data Processing Fees 947 672 1,957 1,337
Professional Fees 553 525 1,245 1,186
Advertising and Promotion 544 516 1,022 1,006
Intangible Amortization 325 348 673 715
Other Operating Expenses 1,910 1,748 3,948 3,408
TOTAL NON-INTEREST EXPENSE 14,139 13,261 29,229 26,723
Income before Income Taxes 9,484 9,761 18,521 18,084
Income Tax Expense 2,797 3,229 5,529 5,743
NET INCOME $ 6,687 $ 6,532 $ 12,992 $ 12,341
Basic Earnings Per Share (USD per share) $ 0.51 $ 0.52 $ 0.98 $ 0.98
Diluted Earnings Per Share (USD per share) $ 0.51 $ 0.52 $ 0.98 $ 0.97
Dividends Per Share (USD per share) $ 0.16 $ 0.15 $ 0.32 $ 0.30