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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Interest and Loan Fee Income:        
Loans $ 11,925 $ 12,208 $ 35,510 $ 37,481
Equity securities 152 127 456 384
Debt securities available for sale 47,994 39,100 142,256 99,430
Debt securities held to maturity 8,848 6,625 26,758 10,040
Interest-bearing cash 3,929 2,742 7,981 5,223
Total Interest and Loan Fee Income 72,848 60,802 212,961 152,558
Interest Expense:        
Deposits 1,095 470 2,135 1,383
Short-term borrowed funds 38 17 76 67
Total Interest Expense 1,133 487 2,211 1,450
Net Interest and Loan Fee Income 71,715 60,315 210,750 151,108
Provision (Reversal of Provision) for Credit Losses 400 0 (1,150) 0
Net Interest and Loan Fee Income After Provision (Reversal of Provision) for Credit Losses 71,315 60,315 211,900 151,108
Noninterest Income:        
Life insurance gains 278 923 278 923
Securities losses 0 0 (125) 0
Other noninterest income 706 693 2,269 1,950
Total Noninterest Income 11,281 11,818 32,530 34,658
Noninterest Expense:        
Salaries and related benefits 11,820 11,311 35,715 34,643
Occupancy and equipment 5,065 5,064 15,562 14,666
Outsourced data processing services 2,473 2,434 7,405 7,294
Limited partnership operating losses 1,440 1,431 4,314 4,293
Courier service 745 671 1,971 1,914
Professional fees 401 582 1,362 2,054
Other noninterest expense 3,706 3,274 11,370 9,407
Total Noninterest Expense 25,650 24,767 77,699 74,271
Income Before Income Taxes 56,946 47,366 166,731 111,495
Provision for income taxes 15,345 12,606 44,431 28,805
Net Income $ 41,601 $ 34,760 $ 122,300 $ 82,690
Average Common Shares Outstanding (in shares) 26,648 26,906 26,718 26,889
Average Diluted Common Shares Outstanding (in shares) 26,650 26,916 26,721 26,901
Per Common Share Data:        
Basic earnings (in dollars per share) $ 1.56 $ 1.29 $ 4.58 $ 3.08
Diluted earnings (in dollars per share) 1.56 1.29 4.58 3.07
Dividends paid (in dollars per share) $ 0.44 $ 0.42 $ 1.28 $ 1.26
Deposit Account [Member]        
Noninterest Income:        
Noninterest income revenue $ 3,705 $ 3,737 $ 10,629 $ 11,006
Credit Card, Merchant Discount [Member]        
Noninterest Income:        
Noninterest income revenue 2,911 2,925 8,417 8,922
Debit Card [Member]        
Noninterest Income:        
Noninterest income revenue 1,717 1,594 5,118 6,175
Fiduciary and Trust [Member]        
Noninterest Income:        
Noninterest income revenue 783 810 2,358 2,462
ATM Processing Fees [Member]        
Noninterest Income:        
Noninterest income revenue 640 594 1,996 1,514
Financial Service, Other [Member]        
Noninterest Income:        
Noninterest income revenue 463 463 1,320 1,392
Financial Services Commission [Member]        
Noninterest Income:        
Noninterest income revenue $ 78 $ 79 $ 270 $ 314