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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
INTEREST AND DIVIDEND INCOME      
Loans, including fees $ 107,790 $ 94,820 $ 98,379
Taxable securities 20,843 11,399 5,423
Tax exempt securities 11,898 9,542 7,684
Dividends 871 498 543
Federal funds sold and other interest income 684 200 298
TOTAL INTEREST AND DIVIDEND INCOME 142,086 116,459 112,327
INTEREST EXPENSE      
Deposits 13,085 6,775 14,381
Short-term borrowings 1,408 7 359
Long-term borrowings 3,427 1,687 1,396
TOTAL INTEREST EXPENSE 17,920 8,469 16,136
NET INTEREST INCOME 124,166 107,990 96,191
Provision for credit losses 250 4,649 9,159
Provision (credit) for unfunded commitments 872 244 (59)
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES AND UNFUNDED COMMITMENTS 123,044 103,097 87,091
NONINTEREST INCOME      
Bank owned life insurance income, including death benefits 1,810 1,338 795
Security gains (losses), including fair value changes for equity securities (454) 1,004 380
Net gains on sale of loans 2,062 8,285 11,362
Other mortgage banking income (loss), net 291 (136) (83)
Legal settlement 8,375 0 0
Other operating income 3,976 2,307 1,952
TOTAL NONINTEREST INCOME 44,202 38,193 36,161
NONINTEREST EXPENSE      
Salaries and employee benefits 45,013 39,393 39,826
Occupancy and equipment 11,379 8,486 7,254
FDIC insurance and state and local taxes 3,951 2,859 2,888
Professional fees 6,114 4,191 2,733
Merger related costs 4,070 7,109 3,223
Advertising 1,947 1,859 1,531
Intangible amortization 1,973 1,362 1,327
Core processing charges 3,348 3,198 3,551
Charitable donation 6,000 0 0
Other operating expenses 10,616 10,719 10,647
TOTAL NONINTEREST EXPENSE 94,411 79,176 72,980
INCOME BEFORE INCOME TAXES 72,835 62,114 50,272
INCOME TAXES 12,238 10,270 8,396
NET INCOME $ 60,597 $ 51,844 $ 41,876
EARNINGS PER SHARE:      
Basic $ 1.79 $ 1.78 $ 1.48
Diluted $ 1.79 $ 1.77 $ 1.47
Service Charges on Deposit Accounts      
NONINTEREST INCOME      
Noninterest income $ 4,716 $ 3,660 $ 3,682
Trust Fees      
NONINTEREST INCOME      
Noninterest income 9,638 9,438 7,632
Insurance Agency Commissions      
NONINTEREST INCOME      
Noninterest income 4,402 3,456 3,124
Retirement Plan Consulting Fees      
NONINTEREST INCOME      
Noninterest income 1,389 1,421 1,523
Investment Commissions      
NONINTEREST INCOME      
Noninterest income 2,183 2,276 1,530
Debit Card and EFT Fees      
NONINTEREST INCOME      
Noninterest income $ 5,814 $ 5,144 $ 4,264