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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
INTEREST AND DIVIDEND INCOME        
Interest and Fees on Loans $ 15,708 $ 13,939 $ 30,732 $ 27,589
Interest on Deposits at Banks 34 26 66 47
Interest and Dividends on Investment Securities:        
Fully Taxable 2,018 2,013 4,105 3,957
Exempt from Federal Taxes 1,477 1,429 2,960 2,804
Total Interest and Dividend Income 19,237 17,407 37,863 34,397
INTEREST EXPENSE        
NOW Accounts 311 338 621 668
Savings Deposits 224 182 446 349
Time Deposits of $100,000 or More 98 88 185 178
Other Time Deposits 164 185 333 387
Federal Funds Purchased and Securities Sold Under Agreements to Repurchase 10 5 15 10
Federal Home Loan Bank Advances 314 301 623 451
Junior Subordinated Obligations Issued to Unconsolidated Subsidary Trusts 163 144 324 286
Total Interest Expense 1,284 1,243 2,547 2,329
NET INTEREST INCOME 17,953 16,164 35,316 32,068
Provision for Loan Losses 669 70 1,070 345
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 17,284 16,094 34,246 31,723
NONINTEREST INCOME        
Income from Fiduciary Activities 2,000 2,051 3,931 3,984
Fees for Other Services to Customers 2,417 2,334 4,654 4,573
Insurance Commissions 2,133 2,367 4,341 4,506
Net Gain on Securities Transactions 144 16 144 106
Net Gains on Sale of Loans 159 120 338 252
Other Operating Income 341 556 662 879
Total Noninterest Income 7,194 7,444 14,070 14,300
NONINTEREST EXPENSE        
Salaries and Employee Benefits 8,408 8,186 16,530 15,878
Occupancy Expense, Net 2,335 2,344 4,798 4,831
FDIC Assessments 314 296 627 576
Other Operating Expense 3,827 3,557 7,300 7,053
Total Noninterest Expense 14,884 14,383 29,255 28,338
INCOME BEFORE PROVISION FOR INCOME TAXES 9,594 9,155 19,061 17,685
Provision for Income Taxes 2,947 2,850 5,865 5,525
Net Income $ 6,647 $ 6,305 $ 13,196 $ 12,160
Average Shares Outstanding:        
Basic, in shares 12,982 [1] 12,886 [2] 12,968 [1] 12,886 [2]
Diluted, in shares [2] 13,038 [1] 12,922 [3] 13,014 [1] 12,923 [3]
Per Common Share:        
Basic Earnings, in dollars per share $ 0.51 [1] $ 0.49 [2] $ 1.02 [1] $ 0.94 [2]
Diluted Earnings, in dollars per share $ 0.51 [1] $ 0.49 [2] $ 1.01 [1] $ 0.94 [2]
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[2] Share and Per Share Amounts have been restated for the September 28, 2015 2% stock dividend.
[3] All share and per share amounts have been adjusted for the September 2015 2% stock dividend