XML 16 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
INTEREST AND DIVIDEND INCOME    
Interest and Fees on Loans $ 16,402 $ 15,024
Interest on Deposits at Banks 60 32
Interest and Dividends on Investment Securities:    
Fully Taxable 1,990 2,087
Exempt from Federal Taxes 1,545 1,483
Total Interest and Dividend Income 19,997 18,626
INTEREST EXPENSE    
Interest-Bearing Checking Accounts 331 310
Savings Deposits 291 222
Time Deposits over $250,000 55 19
Other Time Deposits 228 237
Federal Funds Purchased and Securities Sold Under Agreements to Repurchase 7 5
Federal Home Loan Bank Advances 445 309
Junior Subordinated Obligations Issued to Unconsolidated Subsidiary Trusts 179 161
Total Interest Expense 1,536 1,263
NET INTEREST INCOME 18,461 17,363
Provision for Loan Losses 358 401
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 18,103 16,962
NONINTEREST INCOME    
Income From Fiduciary Activities 2,018 1,931
Fees for Other Services to Customers 2,256 2,237
Insurance Commissions 2,198 2,208
Net Gain on Sales of Loans 45 180
Other Operating Income 178 319
Total Noninterest Income 6,695 6,875
NONINTEREST EXPENSE    
Salaries and Employee Benefits 9,008 8,122
Occupancy Expenses, Net 2,544 2,463
FDIC Assessments 226 313
Other Operating Expense 3,697 3,472
Total Noninterest Expense 15,475 14,370
INCOME BEFORE PROVISION FOR INCOME TAXES 9,323 9,467
Provision for Income Taxes 2,692 2,918
NET INCOME $ 6,631 $ 6,549
Average Shares Outstanding 1:    
Basic, in shares 13,484 [1] 13,343 [2]
Diluted, in shares [2] 13,594 [1] 13,379
Per Common Share:    
Basic Earnings, in dollars per share $ 0.49 [1] $ 0.49 [2]
Diluted Earnings, in dollars per share $ 0.49 [1] $ 0.49 [2]
[1] Cash dividends paid per share have been adjusted for the September 29, 2016 3.0% stock dividend.
[2] Share and Per Share Amounts have been restated for the September 29, 2016 3% stock dividend.