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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
INTEREST AND DIVIDEND INCOME        
Interest and Fees on Loans $ 17,295 $ 15,708 $ 33,697 $ 30,732
Interest on Deposits at Banks 78 34 138 66
Interest and Dividends on Investment Securities:        
Fully Taxable 2,013 2,018 4,003 4,105
Exempt from Federal Taxes 1,540 1,477 3,085 2,960
Total Interest and Dividend Income 20,926 19,237 40,923 37,863
INTEREST EXPENSE        
Interest-Bearing Checking Accounts 381 311 712 621
Savings Deposits 316 224 607 446
Time Deposits over $250,000 66 49 121 72
Other Time Deposits 233 213 461 446
Federal Funds Purchased and Securities Sold Under Agreements to Repurchase 9 10 16 15
Federal Home Loan Bank Advances 506 314 951 623
Junior Subordinated Obligations Issued to Unconsolidated Subsidiary Trusts 188 163 367 324
Total Interest Expense 1,699 1,284 3,235 2,547
NET INTEREST INCOME 19,227 17,953 37,688 35,316
Provision for Loan Losses 422 669 780 1,070
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 18,805 17,284 36,908 34,246
NONINTEREST INCOME        
Income From Fiduciary Activities 2,150 2,000 4,168 3,931
Fees for Other Services to Customers 2,413 2,417 4,670 4,654
Insurance Commissions 2,115 2,133 4,313 4,341
Net Gain on Securities Transactions 0 144 0 144
Net Gain on Sales of Loans 204 159 250 338
Other Operating Income 175 341 351 662
Total Noninterest Income 7,057 7,194 13,752 14,070
NONINTEREST EXPENSE        
Salaries and Employee Benefits 9,084 8,408 18,092 16,530
Occupancy Expenses, Net 2,494 2,335 5,038 4,798
FDIC Assessments 228 314 454 627
Other Operating Expense 3,831 3,827 7,528 7,300
Total Noninterest Expense 15,637 14,884 31,112 29,255
INCOME BEFORE PROVISION FOR INCOME TAXES 10,225 9,594 19,548 19,061
Provision for Income Taxes 3,017 2,947 5,709 5,865
NET INCOME $ 7,208 $ 6,647 $ 13,839 $ 13,196
Average Shares Outstanding 1:        
Basic, in shares 13,485 [1] 13,372 [2] 13,485 [1] 13,357 [2]
Diluted, in shares [2] 13,568 [1] 13,429 13,581 [1] 13,405
Per Common Share:        
Basic Earnings, in dollars per share $ 0.53 [1] $ 0.50 [2] $ 1.03 [1] $ 0.99 [2]
Diluted Earnings, in dollars per share $ 0.53 [1] $ 0.49 [2] $ 1.02 [1] $ 0.98 [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.