XML 17 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
INTEREST AND DIVIDEND INCOME        
Interest and Fees on Loans $ 17,996 $ 15,833 $ 51,693 $ 46,565
Interest on Deposits at Banks 104 34 242 100
Interest and Dividends on Investment Securities:        
Fully Taxable 1,924 1,889 5,927 5,994
Exempt from Federal Taxes 1,575 1,526 4,660 4,486
Total Interest and Dividend Income 21,599 19,282 62,522 57,145
INTEREST EXPENSE        
Interest-Bearing Checking Accounts 376 320 1,088 941
Savings Deposits 356 231 963 677
Time Deposits over $250,000 66 61 187 133
Other Time Deposits 241 231 702 677
Federal Funds Purchased and Securities Sold Under Agreements to Repurchase 13 9 29 24
Federal Home Loan Bank Advances 700 390 1,651 1,013
Junior Subordinated Obligations Issued to Unconsolidated Subsidiary Trusts 197 163 564 487
Total Interest Expense 1,949 1,405 5,184 3,952
NET INTEREST INCOME 19,650 17,877 57,338 53,193
Provision for Loan Losses 800 480 1,580 1,550
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 18,850 17,397 55,758 51,643
NONINTEREST INCOME        
Income From Fiduciary Activities 2,116 1,923 6,284 5,854
Fees for Other Services to Customers 2,453 2,491 7,122 7,144
Insurance Commissions 2,113 2,127 6,426 6,468
Net Gain on Securities Transactions 10 0 10 144
Net Gain on Sales of Loans 182 310 431 649
Other Operating Income 267 263 620 925
Total Noninterest Income 7,141 7,114 20,893 21,184
NONINTEREST EXPENSE        
Salaries and Employee Benefits 9,251 8,693 27,343 25,223
Occupancy Expenses, Net 2,371 2,425 7,410 7,223
FDIC Assessments 225 217 679 844
Other Operating Expense 3,701 3,747 11,229 11,047
Total Noninterest Expense 15,548 15,082 46,661 44,337
INCOME BEFORE PROVISION FOR INCOME TAXES 10,443 9,429 29,990 28,490
Provision for Income Taxes 3,027 2,691 8,735 8,556
NET INCOME $ 7,416 $ 6,738 $ 21,255 $ 19,934
Average Shares Outstanding:        
Basic, in shares 13,889 [1] 13,810 [2] 13,889 [1] 13,775 [2]
Diluted, in shares [2] 13,966 [1] 13,901 13,981 [1] 13,842
Per Common Share:        
Basic Earnings, in dollars per share $ 0.53 [1] $ 0.49 [2] $ 1.53 [1] $ 1.45 [2]
Diluted Earnings, in dollars per share $ 0.53 [1] $ 0.48 [2] $ 1.52 [1] $ 1.44 [2]
[1] Cash dividends paid per share have been adjusted for the September 28, 2017 3% stock dividend.
[2] Share and Per Share Amounts have been restated for the September 28, 2017 3% stock dividend.