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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
INTEREST AND DIVIDEND INCOME        
Interest and Fees on Loans $ 19,909 $ 17,295 $ 38,767 $ 33,697
Interest on Deposits at Banks 158 78 292 138
Interest and Dividends on Investment Securities:        
Fully Taxable 2,048 2,013 3,941 4,003
Exempt from Federal Taxes 1,475 1,540 3,008 3,085
Total Interest and Dividend Income 23,590 20,926 46,008 40,923
INTEREST EXPENSE        
Interest-Bearing Checking Accounts 388 381 775 712
Savings Deposits 711 316 1,233 607
Time Deposits over $250,000 328 66 532 121
Other Time Deposits 282 233 541 461
Federal Funds Purchased and Securities Sold Under Agreements to Repurchase 16 9 32 16
Federal Home Loan Bank Advances 656 506 1,070 951
Junior Subordinated Obligations Issued to Unconsolidated Subsidiary Trusts 247 188 461 367
Total Interest Expense 2,628 1,699 4,644 3,235
NET INTEREST INCOME 20,962 19,227 41,364 37,688
Provision for Loan Losses 629 422 1,375 780
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 20,333 18,805 39,989 36,908
NONINTEREST INCOME        
Income From Fiduciary Activities 2,647 2,150 4,844 4,168
Fees for Other Services to Customers 2,570 2,413 4,950 4,670
Insurance Commissions 2,192 2,115 4,095 4,313
Net Gain on Equity Securities 223 0 241 0
Net Gain on Sales of Loans 23 204 61 250
Other Operating Income 256 175 609 351
Total Noninterest Income 7,911 7,057 14,800 13,752
NONINTEREST EXPENSE        
Salaries and Employee Benefits 9,812 9,211 19,181 18,358
Occupancy Expenses, Net 2,420 2,494 4,961 5,038
FDIC Assessments 223 228 440 454
Other Operating Expense 3,737 3,704 7,566 7,262
Total Noninterest Expense 16,192 15,637 32,148 31,112
INCOME BEFORE PROVISION FOR INCOME TAXES 12,052 10,225 22,641 19,548
Provision for Income Taxes 2,322 3,017 4,380 5,709
NET INCOME $ 9,730 $ 7,208 $ 18,261 $ 13,839
Average Shares Outstanding:        
Basic, in shares 13,975 [1] 13,890 [2] 13,955 [1] 13,889 [2]
Diluted, in shares [2] 14,058 13,975 14,038 13,989
Per Common Share:        
Basic Earnings, in dollars per share $ 0.70 $ 0.52 $ 1.31 [1] $ 1.00 [2]
Diluted Earnings, in dollars per share $ 0.69 $ 0.52 $ 1.30 [1] $ 0.99 [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.