XML 19 R5.htm IDEA: XBRL DOCUMENT v3.22.4
Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Interest and Dividend Income      
Interest and fees on loans and loans held for sale $ 82,785 $ 79,241 $ 71,091
Interest on investment securities available for sale 9,679 3,339 4,832
Dividends on marketable equity securities 563 440 466
Interest on investment securities held to maturity 1,511 1,037 18
Dividends on Federal Home Loan Bank stock 125 102 84
Interest on deposits in other banks 5,665 447 225
Total Interest Income 100,328 84,606 76,716
Interest Expense      
Interest expense on deposits 4,485 3,077 5,279
Interest expense on borrowings 339 320 387
Interest expense on junior subordinated debentures 389 382 385
Total Interest Expense 5,213 3,779 6,051
Net Interest Income 95,115 80,827 70,665
Provision (benefit) for credit losses 1,846 (4,099) 2,432
Net Interest Income After Provision (Benefit) for Credit Losses 93,269 84,926 68,233
Other Operating Income      
Mortgage banking income 21,572 42,144 52,635
Purchased receivable income 2,002 2,259 2,650
Keyman insurance proceeds 2,002 0 0
Commercial servicing revenue 1,628 306 527
Interest rate swap income 157 452 949
Gain on sale of marketable equity securities, net 0 67 98
Unrealized (loss) gain on marketable equity securities (1,119) (101) 61
Other income 2,527 2,450 2,469
Total Other Operating Income 34,077 52,263 63,328
Other Operating Expense      
Salaries and other personnel expense 58,172 60,412 61,137
Data processing expense 8,926 8,567 7,668
Occupancy expense 6,915 7,078 6,624
Professional and outside services 2,993 2,801 3,157
Marketing expense 2,747 2,741 2,320
Insurance expense 2,054 1,593 1,228
OREO (income) expense, net of rental income and gains on sale 500 (432) (242)
Intangible asset amortization expense 25 37 48
Compensation expense - RML acquisition payments     0
Other operating expense 6,520 6,399 7,174
Total Other Operating Expense 88,852 89,196 89,114
Income Before Provision for Income Taxes 38,494 47,993 42,447
Provision for income taxes 7,753 10,476 9,559
Net Income $ 30,741 $ 37,517 $ 32,888
Earnings per share, Basic (in USD per share) $ 5.33 $ 6.07 $ 5.18
Earnings per share, Diluted (in USD per share) $ 5.27 $ 6.00 $ 5.11
Weighted Average Shares Outstanding, Basic (in shares) 5,765,088 6,180,801 6,354,687
Weighted Average Shares Outstanding, Diluted (in shares) 5,829,412 6,249,313 6,431,367
Bankcard fees      
Other Operating Income      
Revenue from contract with customer $ 3,697 $ 3,389 $ 2,837
Service charges on deposit accounts      
Other Operating Income      
Revenue from contract with customer $ 1,611 $ 1,297 $ 1,102