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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
INTEREST AND DIVIDEND INCOME        
Interest and Fees on Loans $ 15,833 $ 14,364 $ 46,565 $ 41,953
Interest on Deposits at Banks 34 13 100 60
Interest and Dividends on Investment Securities:        
Fully Taxable 1,889 1,979 5,994 5,936
Exempt from Federal Taxes 1,526 1,475 4,486 4,279
Total Interest and Dividend Income 19,282 17,831 57,145 52,228
INTEREST EXPENSE        
NOW Accounts 320 292 941 960
Savings Deposits 231 189 677 538
Time Deposits of $100,000 or More 128 89 313 267
Other Time Deposits 164 179 497 566
Federal Funds Purchased and Securities Sold Under Agreements to Repurchase 9 5 24 15
Federal Home Loan Bank Advances 390 353 1,013 804
Junior Subordinated Obligations Issued to Unconsolidated Subsidary Trusts 163 146 487 432
Total Interest Expense 1,405 1,253 3,952 3,582
NET INTEREST INCOME 17,877 16,578 53,193 48,646
Provision for Loan Losses 480 537 1,550 882
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 17,397 16,041 51,643 47,764
NONINTEREST INCOME        
Income from Fiduciary Activities 1,923 1,923 5,854 5,907
Fees for Other Services to Customers 2,491 2,331 7,144 6,904
Insurance Commissions 2,127 2,343 6,468 6,849
Net Gain on Securities Transactions 0 0 144 106
Net Gains on Sale of Loans 310 236 649 488
Other Operating Income 263 304 925 1,183
Total Noninterest Income 7,114 7,137 21,184 21,437
NONINTEREST EXPENSE        
Salaries and Employee Benefits 8,693 8,699 25,223 24,577
Occupancy Expense, Net 2,425 2,275 7,223 7,106
FDIC Assessments 217 297 844 873
Other Operating Expense 3,747 3,579 11,047 10,632
Total Noninterest Expense 15,082 14,850 44,337 43,188
INCOME BEFORE PROVISION FOR INCOME TAXES 9,429 8,328 28,490 26,013
Provision for Income Taxes 2,691 2,395 8,556 7,920
Net Income $ 6,738 $ 5,933 $ 19,934 $ 18,093
Average Shares Outstanding:        
Basic, in shares 13,407 [1] 13,275 [2] 13,374 [1] 13,273 [2]
Diluted, in shares [2] 13,497 [1] 13,317 [3] 13,439 [1] 13,314 [3]
Per Common Share:        
Basic Earnings, in dollars per share $ 0.50 [1] $ 0.45 [2] $ 1.49 [1] $ 1.36 [2]
Diluted Earnings, in dollars per share $ 0.50 [1] $ 0.45 [2] $ 1.48 [1] $ 1.36 [2]
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[2] Share and Per Share Amounts have been restated for the September 29, 2016 3% stock dividend.
[3] All share and per share amounts have been adjusted for the September 29, 2016 3% stock dividend