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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
INTEREST AND DIVIDEND INCOME        
Interest and Fees on Loans $ 23,520 $ 19,909 $ 45,923 $ 38,767
Interest on Deposits at Banks 195 158 390 292
Interest and Dividends on Investment Securities:        
Fully Taxable 2,284 2,048 4,653 3,941
Exempt from Federal Taxes 1,228 1,475 2,474 3,008
Total Interest and Dividend Income 27,227 23,590 53,440 46,008
INTEREST EXPENSE        
Interest-Bearing Checking Accounts 453 388 935 775
Savings Deposits 2,008 711 3,609 1,233
Time Deposits over $250,000 515 328 911 532
Other Time Deposits 1,131 282 1,844 541
Federal Funds Purchased and Securities Sold Under Agreements to Repurchase 25 16 47 32
Federal Home Loan Bank Advances 1,099 656 2,693 1,070
Junior Subordinated Obligations Issued to Unconsolidated Subsidiary Trusts 261 247 530 461
Interest on Financing Leases 28 0 43 0
Total Interest Expense 5,520 2,628 10,612 4,644
NET INTEREST INCOME 21,707 20,962 42,828 41,364
Provision for Loan Losses 455 629 927 1,375
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 21,252 20,333 41,901 39,989
NONINTEREST INCOME        
Insurance Commissions 1,935 2,192 3,654 4,095
Net Gain on Securities Transactions 0 223 76 241
Net Gain on Sales of Loans 140 23 244 61
Other Operating Income 24 256 503 609
Total Noninterest Income 6,896 7,911 13,783 14,800
NONINTEREST EXPENSE        
Salaries and Employee Benefits 9,727 9,812 19,046 19,181
Occupancy Expenses, Net 1,279 1,270 2,699 2,610
Technology and Equipment Expense 3,243 2,849 6,384 5,547
FDIC Assessments 212 223 424 440
Other Operating Expense 2,447 2,038 5,007 4,370
Total Noninterest Expense 16,908 16,192 33,560 32,148
INCOME BEFORE PROVISION FOR INCOME TAXES 11,240 12,052 22,124 22,641
Provision for Income Taxes 2,306 2,322 4,456 4,380
NET INCOME $ 8,934 $ 9,730 $ 17,668 $ 18,261
Average Shares Outstanding:        
Basic (in shares) 14,487 [1] 14,394 [2] 14,478 [1] 14,374 [2]
Diluted (in shares) [2] 14,527 14,480 14,523 14,459
Per Common Share:        
Basic Earnings (in dollars per share) $ 0.62 [1] $ 0.68 [1] $ 1.22 [1] $ 1.27 [2]
Diluted Earnings (in dollars per share) $ 0.62 [1] $ 0.67 [1] $ 1.22 [1] $ 1.26 [2]
Fiduciary and Trust        
NONINTEREST INCOME        
Revenue from Contract with Customer $ 2,252 $ 2,647 $ 4,359 $ 4,844
Deposit Account        
NONINTEREST INCOME        
Revenue from Contract with Customer $ 2,545 $ 2,570 $ 4,947 $ 4,950
[1] Cash dividends paid per share have been adjusted for the September 27, 2018 3% stock dividend.
[2] 2018 Share and Per Share Amounts have been restated for the September 27, 2018 3% stock dividend.