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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
INTEREST AND DIVIDEND INCOME        
Interest and Fees on Loans $ 13,939 $ 13,202 $ 27,589 $ 25,976
Interest on Deposits at Banks 26 16 47 29
Interest and Dividends on Investment Securities:        
Fully Taxable 2,013 2,041 3,957 4,049
Exempt from Federal Taxes 1,429 1,436 2,804 2,907
Total Interest and Dividend Income 17,407 16,695 34,397 32,961
INTEREST EXPENSE        
NOW Accounts 338 495 668 959
Savings Deposits 182 226 349 445
Time Deposits of $100,000 or More 88 201 178 431
Other Time Deposits 185 359 387 750
Federal Funds Purchased and Securities Sold Under Agreements to Repurchase 5 5 10 9
Federal Home Loan Bank Advances 301 127 451 272
Junior Subordinated Obligations Issued to Unconsolidated Subsidary Trusts 144 142 286 283
Total Interest Expense 1,243 1,555 2,329 3,149
NET INTEREST INCOME 16,164 15,140 32,068 29,812
Provision for Loan Losses 70 505 345 963
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 16,094 14,635 31,723 28,849
NONINTEREST INCOME        
Income from Fiduciary Activities 2,051 1,906 3,984 3,779
Fees for Other Services to Customers 2,334 2,377 4,573 4,571
Insurance Commissions 2,367 2,293 4,506 4,737
Net Gain on Securities Transactions 16 (27) 106 (27)
Net Gains on Sale of Loans 120 166 252 289
Other Operating Income 556 304 879 556
Total Noninterest Income 7,444 7,019 14,300 13,905
NONINTEREST EXPENSE        
Salaries and Employee Benefits 8,186 7,880 15,878 15,522
Occupancy Expense, Net 2,344 2,316 4,831 4,657
FDIC Assessments 296 282 576 555
Other Operating Expense 3,557 3,259 7,053 6,469
Total Noninterest Expense 14,383 13,737 28,338 27,203
INCOME BEFORE PROVISION FOR INCOME TAXES 9,155 7,917 17,685 15,551
Provision for Income Taxes 2,850 2,393 5,525 4,707
Net Income $ 6,305 $ 5,524 $ 12,160 $ 10,844
Average Shares Outstanding:        
Basic, in shares 12,633 12,595 [1] 12,633 12,599 [1]
Diluted, in shares [1] 12,669 12,616 [2] 12,670 12,621 [2]
Per Common Share:        
Basic Earnings, in dollars per share $ 0.50 $ 0.44 [1] $ 0.96 $ 0.86 [1]
Diluted Earnings, in dollars per share $ 0.50 $ 0.44 [1] $ 0.96 $ 0.86 [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 2014 2% stock dividend