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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
INTEREST INCOME:      
Interest and fees on loans $ 59,247 $ 56,142 $ 59,267
Dividend Income, Equity Securities, Operating 56 51 54
Dividend Income, Operating 29 21 37
Interest on debt securities:      
Taxable 5,027 3,668 2,916
Non-taxable 753 864 1,027
Other investments 641 431 479
TOTAL INTEREST INCOME 65,753 61,177 63,780
INTEREST EXPENSE:      
Interest on deposits 3,682 3,578 6,634
Interest on short-term borrowings 416 6 7
Interest on long-term debt 613 469 921
TOTAL INTEREST EXPENSE 4,711 4,053 7,562
NET INTEREST INCOME 61,042 57,124 56,218
PROVISION FOR (RECOVERY OF) LOAN LOSSES 250 (269) 2,014
NET INTEREST INCOME AFTER PROVISION FOR (RECOVERY OF) LOAN LOSSES 60,792 57,393 54,204
NON-INTEREST INCOME:      
Net gain on sales of securities 0 303 221
Bank owned life insurance income 1,074 1,074 1,441
Net gains from sales of loans 196 852 2,297
Other operating income 360 1,293 1,291
TOTAL NON-INTEREST INCOME 14,288 16,232 15,741
NON-INTEREST EXPENSE:      
Salaries and employee benefits 28,483 27,616 27,178
Equipment expenses 1,629 1,678 1,377
Occupancy expense, net 3,067 2,949 2,875
State financial institutions tax 1,740 1,758 1,708
Marketing 1,184 1,239 1,254
Amortization of intangibles 478 1,043 1,046
FDIC insurance premiums, net 530 492 256
ATM expense 1,370 1,416 1,028
Computer maintenance and supplies 1,114 1,213 1,107
Telephone expense 240 420 706
Contracted services 2,503 2,430 1,821
Other real estate owned (866) 2 (6)
Other non-interest expense 6,662 5,784 5,435
TOTAL NON-INTEREST EXPENSE 48,134 48,040 45,785
INCOME BEFORE INCOME TAXES 26,946 25,585 24,160
PROVISION FOR INCOME TAXES 4,818 4,611 4,085
NET INCOME $ 22,128 $ 20,974 $ 20,075
Earnings per common share:      
Basic (in dollars per share) $ 1.93 $ 1.66 $ 1.55
Diluted (in dollars per share) $ 1.93 $ 1.66 $ 1.55
Weighted average common shares outstanding:      
Basic (in shares) 11,410,981 12,589,605 12,914,277
Diluted (in shares) 11,410,981 12,589,613 12,914,584
Fiduciary and Trust      
Weighted average common shares outstanding:      
Revenue from Contract with Customer, Excluding Assessed Tax $ 6,468 $ 6,674 $ 5,009
Revenue from Contract with Customer, Excluding Assessed Tax 6,468 6,674 5,009
Deposit Account      
Weighted average common shares outstanding:      
Revenue from Contract with Customer, Excluding Assessed Tax 6,190 6,036 5,482
Revenue from Contract with Customer, Excluding Assessed Tax $ 6,190 $ 6,036 $ 5,482