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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2018
INTEREST AND DIVIDEND INCOME          
Interest and Fees on Loans $ 25,077 $ 23,520 $ 49,951 $ 45,923  
Interest on Deposits at Banks 41 195 165 390  
Interest and Dividends on Investment Securities:          
Fully Taxable 1,871 2,284 4,064 4,653  
Exempt from Federal Taxes 1,013 1,228 2,048 2,474  
Total Interest and Dividend Income 28,002 27,227 56,228 53,440  
INTEREST EXPENSE          
Interest-Bearing Checking Accounts 310 453 797 935  
Savings Deposits 1,173 2,008 3,644 3,609  
Time Deposits over $250,000 438 515 971   $ 911
Other Time Deposits 784 1,131 1,784 1,844  
Federal Funds Purchased and Securities Sold Under Agreements to Repurchase 16 25 38 47  
Federal Home Loan Bank Advances 217 1,099 646 2,693  
Junior Subordinated Obligations Issued to Unconsolidated Subsidiary Trusts 173 261 401 530  
Interest on Financing Leases 49 28 99 43  
Total Interest Expense 3,160 5,520 8,380 10,612  
NET INTEREST INCOME 24,842 21,707 47,848 42,828  
Provision for Loan Losses 3,040 455 5,812 927  
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 21,802 21,252 42,036 41,901  
NONINTEREST INCOME          
Insurance Commissions 1,732 1,935 3,364 3,654  
Net (Loss) Gain on Securities (106) 0 (480) 76  
Net Gain on Sales of Loans 547 140 760 244  
Other Operating Income 578 24 2,137 503  
Total Noninterest Income 7,164 6,896 14,858 13,783  
NONINTEREST EXPENSE          
Salaries and Employee Benefits 10,212 9,727 20,595 19,046  
Occupancy Expenses, Net 1,345 1,279 2,794 2,699  
Technology and Equipment Expense 3,227 3,243 6,579 6,384  
FDIC Assessments 242 212 461 424  
Other Operating Expense 2,219 2,447 4,570 5,007  
Total Noninterest Expense 17,245 16,908 34,999 33,560  
INCOME BEFORE PROVISION FOR INCOME TAXES 11,721 11,240 21,895 22,124  
Provision for Income Taxes 2,562 2,306 4,609 4,456  
NET INCOME $ 9,159 $ 8,934 $ 17,286 $ 17,668  
Average Shares Outstanding:          
Basic (in shares) [1] 14,992 14,922 14,994 14,912  
Diluted (in shares) [1] 14,998 14,963 15,010 14,958  
Per Common Share:          
Basic Earnings (in dollars per share) $ 0.61 $ 0.60 $ 1.15 $ 1.19  
Diluted Earnings (in dollars per share) $ 0.61 $ 0.60 $ 1.15 $ 1.18  
Income From Fiduciary Activities          
NONINTEREST INCOME          
Revenue from contract with customer $ 2,135 $ 2,252 $ 4,348 $ 4,359  
Fees for Other Services to Customers          
NONINTEREST INCOME          
Revenue from contract with customer $ 2,278 $ 2,545 $ 4,729 $ 4,947  
[1] Cash dividends paid per share have been adjusted for the September 27, 2019 3% stock dividend.