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Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
INTEREST AND DIVIDEND INCOME        
Interest and Fees on Loans $ 13,460 $ 12,846 $ 39,436 $ 38,279
Interest on Deposits at Banks 12 11 41 57
Interest and Dividends on Investment Securities:        
Fully Taxable 1,919 1,556 5,968 4,991
Exempt from Federal Taxes 1,369 1,461 4,276 4,352
Total Interest and Dividend Income 16,760 15,874 49,721 47,679
INTEREST EXPENSE        
NOW Accounts 386 423 1,345 1,987
Savings Deposits 218 240 663 785
Time Deposits of $100,000 or More 195 297 626 921
Other Time Deposits 335 470 1,085 1,529
Federal Funds Purchased and Securities Sold Under Agreements to Repurchase 6 5 15 14
Federal Home Loan Bank Advances 115 167 387 539
Junior Subordinated Obligations Issued to Unconsolidated Subsidary Trusts 144 145 427 434
Total Interest Expense 1,399 1,747 4,548 6,209
NET INTEREST INCOME 15,361 14,127 45,173 41,470
Provision for Loan Losses 444 0 1,407 200
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 14,917 14,127 43,766 41,270
NONINTEREST INCOME        
Income from Fiduciary Activities 1,861 1,688 5,640 5,020
Fees for Other Services to Customers 2,353 2,403 6,924 7,056
Insurance Commissions 2,451 2,404 7,188 6,608
Net Gain on Securities Transactions 137 0 110 540
Net Gains on Sale of Loans 213 166 502 1,271
Other Operating Income 336 278 892 689
Total Noninterest Income 7,351 6,939 21,256 21,184
NONINTEREST EXPENSE        
Salaries and Employee Benefits 7,781 7,856 23,303 23,114
Occupancy Expense, Net 2,266 1,882 6,923 6,277
FDIC Assessments 273 269 828 800
Other Operating Expense 3,206 3,126 9,675 9,627
Total Noninterest Expense 13,526 13,133 40,729 39,818
INCOME BEFORE PROVISION FOR INCOME TAXES 8,742 7,933 24,293 22,636
Provision for Income Taxes 2,595 2,310 7,302 6,625
Net Income $ 6,147 $ 5,623 $ 16,991 $ 16,011
Average Shares Outstanding:        
Basic, in shares 12,606 [1] 12,555 [1] 12,601 [1] 12,527 [1]
Diluted, in shares 12,621 [1],[2] 12,591 [1],[2] 12,613 [1] 12,548 [1],[2]
Per Common Share:        
Basic Earnings, in dollars per share $ 0.49 [1] $ 0.45 [1] $ 1.35 [1] $ 1.28 [1]
Diluted Earnings, in dollars per share $ 0.49 [1] $ 0.45 [1] $ 1.35 [1] $ 1.28 [1]
[1] Share and Per Share Amounts have been restated for the September 2014 2% stock dividend.
[2] All share and per share amounts have been adjusted for the September 2013 2% stock dividend