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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Interest and Loan Fee Income:        
Loans $ 12,208 $ 14,789 $ 37,481 $ 44,434
Equity securities 127 109 384 329
Debt securities available for sale 39,100 26,452 99,430 77,822
Debt securities held to maturity 6,625 2,091 10,040 7,051
Interest-bearing cash 2,742 369 5,223 766
Total Interest and Loan Fee Income 60,802 43,810 152,558 130,402
Interest Expense:        
Deposits 470 473 1,383 1,398
Short-term borrowed funds 17 19 67 53
Total Interest Expense 487 492 1,450 1,451
Net Interest and Loan Fee Income 60,315 43,318 151,108 128,951
Provision for Credit Losses 0 0 0 0
Net Interest and Loan Fee Income After Provision for Credit Losses 60,315 43,318 151,108 128,951
Noninterest Income:        
Life insurance gains 923 0 923 0
Securities gains 0 0 0 34
Other noninterest income 693 823 1,950 2,268
Total Noninterest Income 11,818 11,282 34,658 32,503
Noninterest Expense:        
Salaries and related benefits 11,311 11,813 34,643 36,575
Occupancy and equipment 5,064 4,759 14,666 14,447
Outsourced data processing services 2,434 2,429 7,294 7,244
Investment loss included in pre-tax income 1,431 620 4,293 1,820
Professional fees 582 724 2,054 2,496
Courier service 671 534 1,914 1,605
Other noninterest expense 3,274 3,818 9,407 9,707
Total Noninterest Expense 24,767 24,697 74,271 73,894
Income Before Income Taxes 47,366 29,903 111,495 87,560
Provision for income taxes 12,606 7,840 28,805 22,771
Net Income $ 34,760 $ 22,063 $ 82,690 $ 64,789
Average Common Shares Outstanding (in shares) 26,906 26,866 26,889 26,851
Average Diluted Common Shares Outstanding (in shares) 26,916 26,875 26,901 26,868
Per Common Share Data:        
Basic earnings (in dollars per share) $ 1.29 $ 0.82 $ 3.08 $ 2.41
Diluted earnings (in dollars per share) 1.29 0.82 3.07 2.41
Dividends paid (in dollars per share) $ 0.42 $ 0.41 $ 1.26 $ 1.23
Deposit Account [Member]        
Noninterest Income:        
Noninterest income revenue $ 3,737 $ 3,578 $ 11,006 $ 10,117
Credit Card, Merchant Discount [Member]        
Noninterest Income:        
Noninterest income revenue 2,925 3,159 8,922 8,998
Debit Card [Member]        
Noninterest Income:        
Noninterest income revenue 1,594 1,740 6,175 5,132
Fiduciary and Trust [Member]        
Noninterest Income:        
Noninterest income revenue 810 839 2,462 2,467
ATM Processing Fees [Member]        
Noninterest Income:        
Noninterest income revenue 594 573 1,514 1,792
Financial Service, Other [Member]        
Noninterest Income:        
Noninterest income revenue 463 475 1,392 1,435
Financial Services Commission [Member]        
Noninterest Income:        
Noninterest income revenue $ 79 $ 95 $ 314 $ 260