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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
INTEREST AND DIVIDEND INCOME        
Interest and Fees on Loans $ 14,364 $ 13,460 $ 41,953 $ 39,436
Interest on Deposits at Banks 13 12 60 41
Interest and Dividends on Investment Securities:        
Fully Taxable 1,979 1,919 5,936 5,968
Exempt from Federal Taxes 1,475 1,369 4,279 4,276
Total Interest and Dividend Income 17,831 16,760 52,228 49,721
INTEREST EXPENSE        
NOW Accounts 292 386 960 1,345
Savings Deposits 189 218 538 663
Time Deposits of $100,000 or More 89 195 267 626
Other Time Deposits 179 335 566 1,085
Federal Funds Purchased and Securities Sold Under Agreements to Repurchase 5 6 15 15
Federal Home Loan Bank Advances 353 115 804 387
Junior Subordinated Obligations Issued to Unconsolidated Subsidary Trusts 146 144 432 427
Total Interest Expense 1,253 1,399 3,582 4,548
NET INTEREST INCOME 16,578 15,361 48,646 45,173
Provision for Loan Losses 537 444 882 1,407
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 16,041 14,917 47,764 43,766
NONINTEREST INCOME        
Income from Fiduciary Activities 1,923 1,861 5,907 5,640
Fees for Other Services to Customers 2,331 2,353 6,904 6,924
Insurance Commissions 2,343 2,451 6,849 7,188
Net Gain on Securities Transactions 0 137 106 110
Net Gains on Sale of Loans 236 213 488 502
Other Operating Income 304 336 1,183 892
Total Noninterest Income 7,137 7,351 21,437 21,256
NONINTEREST EXPENSE        
Salaries and Employee Benefits 8,699 7,781 24,577 23,303
Occupancy Expense, Net 2,275 2,266 7,106 6,923
FDIC Assessments 297 273 873 828
Other Operating Expense 3,579 3,206 10,632 9,675
Total Noninterest Expense 14,850 13,526 43,188 40,729
INCOME BEFORE PROVISION FOR INCOME TAXES 8,328 8,742 26,013 24,293
Provision for Income Taxes 2,395 2,595 7,920 7,302
Net Income $ 5,933 $ 6,147 $ 18,093 $ 16,991
Average Shares Outstanding:        
Basic, in shares 12,888 [1] 12,858 [2] (12,886) [1] 12,853 [2]
Diluted, in shares [2] 12,929 [1] 12,874 [3] 12,926 [1] 12,865 [3]
Per Common Share:        
Basic Earnings, in dollars per share $ 0.46 [1] $ 0.48 [2] $ 1.40 [1] $ 1.32 [2]
Diluted Earnings, in dollars per share $ 0.46 [1] $ 0.48 [2] $ 1.40 [1] $ 1.32 [2]
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[2] Share and Per Share Amounts have been restated for the September 2015 2% stock dividend.
[3] All share and per share amounts have been adjusted for the September 2015 2% stock dividend