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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
INTEREST AND DIVIDEND INCOME    
Interest and Fees on Loans $ 18,858 $ 16,402
Interest on Deposits at Banks 134 60
Interest and Dividends on Investment Securities:    
Fully Taxable 1,893 1,990
Exempt from Federal Taxes 1,533 1,545
Total Interest and Dividend Income 22,418 19,997
INTEREST EXPENSE    
Interest-Bearing Checking Accounts 387 331
Savings Deposits 522 291
Time Deposits over $250,000 204 55
Other Time Deposits 259 228
Federal Funds Purchased and Securities Sold Under Agreements to Repurchase 16 7
Federal Home Loan Bank Advances 414 445
Junior Subordinated Obligations Issued to Unconsolidated Subsidiary Trusts 214 179
Total Interest Expense 2,016 1,536
NET INTEREST INCOME 20,402 18,461
Provision for Loan Losses 746 358
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 19,656 18,103
NONINTEREST INCOME    
Income From Fiduciary Activities 2,197 2,018
Fees for Other Services to Customers 2,380 2,256
Insurance Commissions 1,903 2,198
Net Unrealized Gain on Equity Securities 18 0
Net Gain on Sales of Loans 38 45
Other Operating Income 353 178
Total Noninterest Income 6,889 6,695
NONINTEREST EXPENSE    
Salaries and Employee Benefits 9,369 9,147
Occupancy Expenses, Net 2,541 2,544
FDIC Assessments 217 226
Other Operating Expense 3,829 3,558
Total Noninterest Expense 15,956 15,475
INCOME BEFORE PROVISION FOR INCOME TAXES 10,589 9,323
Provision for Income Taxes 2,058 2,692
NET INCOME $ 8,531 $ 6,631
Average Shares Outstanding:    
Basic, in shares 13,936 [1] 13,889 [2]
Diluted, in shares [2] 14,016 [1] 14,001
Per Common Share:    
Basic Earnings, in dollars per share $ 0.61 $ 0.48
Diluted Earnings, in dollars per share $ 0.61 $ 0.47
[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.