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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
INTEREST AND DIVIDEND INCOME        
Interest and Fees on Loans $ 20,839 $ 17,996 $ 59,606 $ 51,693
Interest on Deposits at Banks 182 104 474 242
Interest and Dividends on Investment Securities:        
Fully Taxable 2,187 1,924 6,128 5,927
Exempt from Federal Taxes 1,287 1,575 4,295 4,660
Total Interest and Dividend Income 24,495 21,599 70,503 62,522
INTEREST EXPENSE        
Interest-Bearing Checking Accounts 390 376 1,165 1,088
Savings Deposits 901 356 2,134 963
Time Deposits over $250,000 301 66 833 187
Other Time Deposits 370 241 911 702
Federal Funds Purchased and Securities Sold Under Agreements to Repurchase 15 13 47 29
Federal Home Loan Bank Advances 1,270 700 2,340 1,651
Junior Subordinated Obligations Issued to Unconsolidated Subsidiary Trusts 251 197 712 564
Total Interest Expense 3,498 1,949 8,142 5,184
NET INTEREST INCOME 20,997 19,650 62,361 57,338
Provision for Loan Losses 586 800 1,961 1,580
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 20,411 18,850 60,400 55,758
NONINTEREST INCOME        
Insurance Commissions 2,024 2,113 6,119 6,426
Net Gain on Securities 114 10 355 10
Net Gain on Sales of Loans 54 182 115 431
Other Operating Income 291 267 900 867
Total Noninterest Income 7,350 7,141 22,150 20,893
NONINTEREST EXPENSE        
Salaries and Employee Benefits 9,771 9,382 28,952 27,740
Occupancy Expenses, Net 2,262 2,371 7,223 7,410
FDIC Assessments 218 225 658 679
Other Operating Expense 3,775 3,570 11,341 10,832
Total Noninterest Expense 16,026 15,548 48,174 46,661
INCOME BEFORE PROVISION FOR INCOME TAXES 11,735 10,443 34,376 29,990
Provision for Income Taxes 2,475 3,027 6,855 8,735
NET INCOME $ 9,260 $ 7,416 $ 27,521 $ 21,255
Average Shares Outstanding:        
Basic, in shares 14,431 [1] 14,305 [2] 14,393 [1] 14,306 [2]
Diluted, in shares [2] 14,520 14,385 14,479 14,401
Per Common Share:        
Basic Earnings, in dollars per share $ 0.64 [1] $ 0.52 [1] $ 1.91 [1] $ 1.49 [2]
Diluted Earnings, in dollars per share $ 0.64 [1] $ 0.52 [1] $ 1.90 [1] $ 1.48 [2]
Fiduciary and Trust        
NONINTEREST INCOME        
Revenue from Contract with Customer $ 2,262 $ 2,116 $ 7,106 $ 6,284
Deposit Account        
NONINTEREST INCOME        
Revenue from Contract with Customer $ 2,605 $ 2,453 $ 7,555 $ 6,875
[1] Cash dividends paid per share have been adjusted for the September 27, 2018 3% stock dividend.
[2] Share and Per Share Amounts have been restated for the September 27, 2018 3% stock dividend.