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Condensed Consolidated Statements of Income and Comprehensive Income (Loss) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Interest income:        
Interest and fees on loans, including loans held for sale $ 39,234 $ 39,684 $ 77,401 $ 80,373
Interest and dividends on securities        
Taxable 4,944 3,148 9,328 5,723
Tax exempt 752 795 1,524 1,534
Interest and dividends on Federal Reserve Bank and Federal Home Loan Bank stock 134 123 248 247
Interest on Federal Reserve Bank deposits 273 116 355 192
Other, including interest on federal funds sold 15 9 23 17
Total interest income 45,352 43,875 88,879 88,086
Interest expense:        
Interest on deposits 3,847 3,228 6,801 6,615
Interest on repurchase agreements and federal funds purchased 336 366 590 670
Interest on advances from Federal Home Loan Bank 1 0 1 0
Interest on long-term debt 378 274 665 552
Total interest expense 4,562 3,868 8,057 7,837
Net interest income 40,790 40,007 80,822 80,249
Provision for credit losses (recovery) 77 (4,257) 952 (6,756)
Net interest income after provision for credit losses (recovery) 40,713 44,264 79,870 87,005
Noninterest income:        
Deposit related fees 7,263 6,358 14,009 12,380
Gains on sales of loans, net 519 1,907 1,116 4,340
Trust and wealth management income 3,198 3,349 6,446 6,300
Loan related fees 1,415 1,004 3,477 3,274
Bank owned life insurance 702 581 1,393 1,154
Brokerage revenue 459 554 1,049 1,011
Securities gains (losses) (225) 280 (126) 112
Other noninterest income 1,170 1,488 2,102 2,527
Total noninterest income 14,501 15,521 29,466 31,098
Noninterest expense:        
Officer salaries and employee benefits 4,239 5,379 8,121 9,117
Other salaries and employee benefits 14,295 13,581 27,951 26,676
Occupancy, net 2,120 2,018 4,365 4,213
Equipment 636 650 1,245 1,283
Data processing 2,095 1,870 4,296 4,029
Bank franchise tax 416 365 831 725
Legal fees 348 287 649 639
Professional fees 536 466 1,102 1,007
Advertising and marketing 659 710 1,411 1,432
FDIC insurance 358 323 713 649
Other real estate owned provision and expense 43 488 396 806
Repossession expense 131 12 231 211
Amortization of limited partnership investments 747 838 1,480 1,675
Other noninterest expense 3,355 2,511 6,546 5,346
Total noninterest expense 29,978 29,498 59,337 57,808
Income before income taxes 25,236 30,287 49,999 60,295
Income taxes 4,965 6,356 10,000 12,746
Net income 20,271 23,931 39,999 47,549
Unrealized holding gains (losses) on debt securities available-for-sale:        
Unrealized holding gains (losses) arising during the period (47,222) 6,075 (125,786) (7,381)
Less: Reclassification adjustments for realized gains (losses) included in net income (1) 0 (1) 60
Tax expense (benefit) (12,277) 1,579 (32,704) (1,935)
Other comprehensive income (loss), net of tax (34,944) 4,496 (93,081) (5,506)
Comprehensive income (loss) $ (14,673) $ 28,427 $ (53,082) $ 42,043
Basic earnings per share (in dollars per share) $ 1.14 $ 1.35 $ 2.24 $ 2.67
Diluted earnings per share (in dollars per share) $ 1.14 $ 1.34 $ 2.24 $ 2.67
Weighted average shares outstanding-basic (in shares) 17,835 17,784 17,827 17,779
Weighted average shares outstanding-diluted (in shares) 17,843 17,800 17,838 17,794