Consolidated Income Statement - USD ($)
shares in Thousands, $ in Thousands |
12 Months Ended |
Dec. 31, 2015 |
Dec. 31, 2014 |
Dec. 31, 2013 |
| INTEREST AND DIVIDEND INCOME |
|
|
|
|
|
| Interest and Fees on Loans |
$ 56,856
|
$ 53,194
|
|
$ 51,319
|
|
| Interest on Deposits at Banks |
94
|
80
|
|
89
|
|
| Interest and Dividends on Investment Securities: |
|
|
|
|
|
| Fully Taxable |
8,043
|
7,954
|
|
6,903
|
|
| Exempt from Federal Taxes |
5,745
|
5,633
|
|
5,827
|
|
| Total Interest and Dividend Income |
70,738
|
66,861
|
|
64,138
|
|
| INTEREST EXPENSE |
|
|
|
|
|
| NOW Accounts |
1,276
|
1,722
|
|
2,461
|
|
| Savings Deposits |
741
|
839
|
|
1,024
|
|
| Time Deposits of $100,000 or More |
356
|
770
|
|
1,198
|
|
| Other Time Deposits |
742
|
1,354
|
|
1,962
|
|
| Federal Funds Purchased and Securities Sold Under Agreements to Repurchase |
20
|
22
|
|
18
|
|
| Federal Home Loan Bank Advances |
1,097
|
490
|
|
680
|
|
| Junior Subordinated Obligations Issued to Unconsolidated Subsidary Trusts |
581
|
570
|
|
579
|
|
| Total Interest Expense |
4,813
|
5,767
|
|
7,922
|
|
| NET INTEREST INCOME |
65,925
|
61,094
|
|
56,216
|
|
| Provision for Loan Losses |
1,347
|
1,848
|
|
200
|
|
| NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES |
64,578
|
59,246
|
|
56,016
|
|
| NONINTEREST INCOME |
|
|
|
|
|
| Income from Fiduciary Activities |
7,762
|
7,468
|
|
6,735
|
|
| Fees for Other Services to Customers |
9,220
|
9,261
|
|
9,407
|
|
| Insurance Commissions |
8,967
|
9,455
|
|
8,895
|
|
| Net Gains on Securities Transactions |
129
|
110
|
|
540
|
|
| Net Gains on Sale of Loans |
692
|
784
|
|
1,460
|
|
| Other Operating Income |
1,354
|
1,238
|
|
1,024
|
|
| Total Noninterest Income |
28,124
|
28,316
|
|
28,061
|
|
| NONINTEREST EXPENSE |
|
|
|
|
|
| Salaries and Employee Benefits |
33,064
|
30,941
|
|
31,182
|
|
| Occupancy Expense, Net |
9,267
|
8,990
|
|
8,285
|
|
| FDIC Assessments |
1,186
|
1,117
|
|
1,080
|
|
| Other Operating Expense |
13,913
|
12,980
|
|
12,656
|
|
| Total Noninterest Expense |
57,430
|
54,028
|
|
53,203
|
|
| INCOME BEFORE PROVISION FOR INCOME TAXES |
35,272
|
33,534
|
|
30,874
|
|
| Provision for Income Taxes |
10,610
|
10,174
|
|
9,079
|
|
| Net Income |
$ 24,662
|
$ 23,360
|
|
$ 21,795
|
|
| Average Shares Outstanding: |
|
|
|
|
|
| Basic Shares, in Shares |
12,894
|
12,856
|
[1] |
12,793
|
[1] |
| Diluted Shares, in Shares |
12,942
|
12,886
|
[1] |
12,825
|
[1] |
| Per Common Share |
|
|
|
|
|
| Basic Earnings, in Earnings Per Share |
$ 1.91
|
$ 1.82
|
[1] |
$ 1.70
|
[1] |
| Diluted Earnings, In Earnings Per Share |
$ 1.91
|
$ 1.81
|
[1] |
$ 1.70
|
[1] |
|
|