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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Interest income      
Interest and fees on loans and leases $ 147,208 $ 143,383 $ 137,237
Interest and dividends on investments 17,158 14,704 12,476
Interest on deposits with others 902 1,207 4,909
Total interest income 165,268 159,294 154,622
Interest expense      
Deposits 4,017 9,113 12,640
Borrowed funds 0 0 0
Subordinated debentures 315 378 554
Total interest expense 4,332 9,491 13,194
Net interest income 160,936 149,803 141,428
Provision for credit losses 1,910 4,500 200
Net interest income after provision for credit losses 159,026 145,303 141,228
Noninterest income      
Card processing 6,959 5,536 5,120
Service charges on deposit accounts 2,972 2,637 3,673
Increase in cash surrender value of BOLI 2,175 2,088 2,031
Gain on sale of investment securities 2,554 40 1
Net gain on deferred compensation investments 2,614 1,777 2,625
Other 3,782 2,976 2,877
Total noninterest income 21,056 15,054 16,327
Noninterest expense      
Salaries and employee benefits 63,860 56,950 55,250
Net gain on deferred compensation benefits 2,614 1,777 2,625
Occupancy 4,675 4,640 4,295
Data Processing 4,967 4,994 4,921
FDIC insurance 1,237 517 624
Marketing 1,097 922 1,254
Legal 140 128 2,347
Other 13,171 12,478 10,926
Total noninterest expense 91,761 82,406 82,242
INCOME BEFORE INCOME TAXES 88,321 77,951 75,313
Income tax expense 21,985 19,217 19,277
NET INCOME $ 66,336 $ 58,734 $ 56,036
Earnings per common share:      
Basic (in dollars per share) $ 84.01 $ 74.03 $ 71.18
Diluted (in dollars per share) $ 84.01 $ 74.03 $ 71.18