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Condensed Consolidated Statements of Income and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Interest income:    
Interest and fees on loans, including loans held for sale $ 38,167 $ 40,689
Interest and dividends on securities    
Taxable 4,384 2,575
Tax exempt 772 739
Interest and dividends on Federal Reserve Bank and Federal Home Loan Bank stock 114 124
Interest on Federal Reserve Bank deposits 82 76
Other, including interest on federal funds sold 8 8
Total interest income 43,527 44,211
Interest expense:    
Interest on deposits 2,954 3,387
Interest on repurchase agreements and federal funds purchased 254 304
Interest on long-term debt 287 278
Total interest expense 3,495 3,969
Net interest income 40,032 40,242
Provision for credit losses (recovery) 875 (2,499)
Net interest income after provision for credit losses (recovery) 39,157 42,741
Noninterest income:    
Deposit related fees 6,746 6,022
Gains on sales of loans, net 597 2,433
Trust and wealth management income 3,248 2,951
Loan related fees 2,062 2,270
Bank owned life insurance 691 573
Brokerage revenue 590 457
Securities gains (losses) 99 (168)
Other noninterest income 932 1,039
Total noninterest income 14,965 15,577
Noninterest expense:    
Officer salaries and employee benefits 3,882 3,738
Other salaries and employee benefits 13,656 13,095
Occupancy, net 2,245 2,195
Equipment 609 633
Data processing 2,201 2,159
Bank franchise tax 415 360
Legal fees 301 352
Professional fees 566 541
Advertising and marketing 752 722
FDIC insurance 355 326
Other real estate owned provision and expense 353 318
Repossession expense 100 199
Amortization of limited partnership investments 733 837
Other noninterest expense 3,191 2,835
Total noninterest expense 29,359 28,310
Income before income taxes 24,763 30,008
Income taxes 5,035 6,390
Net income 19,728 23,618
Unrealized holding losses on debt securities available-for-sale:    
Unrealized holding losses arising during the period (78,564) (13,456)
Less: Reclassification adjustments for realized gains included in net income 0 60
Tax benefit (20,427) (3,514)
Other comprehensive loss, net of tax (58,137) (10,002)
Comprehensive income (loss) $ (38,409) $ 13,616
Basic earnings per share (in dollars per share) $ 1.11 $ 1.33
Diluted earnings per share (in dollars per share) $ 1.11 $ 1.33
Weighted average shares outstanding-basic (in shares) 17,820 17,774
Weighted average shares outstanding-diluted (in shares) 17,832 17,787