Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF INCOME (Unaudited)

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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - 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 INCOME        
Loans, including Fees $ 20,533 $ 18,720 $ 40,068 $ 36,725
Investment Securities:        
Taxable 2,944 1,899 5,467 3,682
Tax Exempt 212 270 451 529
Funds Sold 730 533 1,647 1,026
Total Interest Income 24,419 21,422 47,633 41,962
INTEREST EXPENSE        
Deposits 995 388 1,863 669
Short-Term Borrowings 8 17 16 62
Subordinated Notes Payable 552 404 1,027 783
Other Long-Term Borrowings 94 117 194 216
Total Interest Expense 1,649 926 3,100 1,730
NET INTEREST INCOME 22,770 20,496 44,533 40,232
Provision for Loan Losses 815 589 1,560 899
Net Interest Income After Provision For Loan Losses 21,955 19,907 42,973 39,333
NONINTEREST INCOME        
Deposit Fees 4,842 5,052 9,714 10,142
Bank Card Fees 2,909 2,870 5,720 5,673
Wealth Management Fees 2,037 2,073 4,210 3,915
Mortgage Banking Fees 1,206 1,556 2,263 2,864
Other 1,548 1,584 3,112 3,259
Total Noninterest Income 12,542 13,135 25,019 25,853
NONINTEREST EXPENSE        
Compensation 15,797 15,641 31,708 31,500
Occupancy, Net 4,503 4,555 9,054 8,936
Other Real Estate Owned, Net 248 315 874 898
Other 7,845 7,410 14,663 14,509
Total Noninterest Expense 28,393 27,921 56,299 55,843
INCOME BEFORE INCOME TAXES 6,104 5,121 11,693 9,343
Income Tax Expense 101 1,560 (83) 3,038
NET INCOME $ 6,003 $ 3,561 $ 11,776 $ 6,305
BASIC NET INCOME PER SHARE (in dollars per shares) $ 0.35 $ 0.21 $ 0.69 $ 0.37
DILUTED NET INCOME PER SHARE (in dollars per shares) $ 0.35 $ 0.21 $ 0.69 $ 0.37
Average Basic Common Shares Outstanding (in shares) 17,045 16,955 17,037 16,937
Average Diluted Common Shares Outstanding (in shares) 17,104 17,016 17,089 16,993