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CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
INTEREST INCOME:        
Loans, including related fees $ 31,966 $ 33,224 $ 63,823 $ 68,258
Securities:        
Taxable 3,355 3,624 6,434 7,653
Tax-exempt 2,163 2,008 4,237 3,946
Other 387 400 733 802
TOTAL INTEREST INCOME 37,871 39,256 75,227 80,659
INTEREST EXPENSE:        
Interest Expense, Deposits 2,090 3,019 4,376 7,549
Short-term borrowings 94 101 192 368
Other borrowings 59 241 118 497
TOTAL INTEREST EXPENSE 2,243 3,361 4,686 8,414
NET INTEREST INCOME 35,628 35,895 70,541 72,245
Provision for loan losses (2,196) 2,965 (1,744) 5,655
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 37,824 32,930 72,285 66,590
NON-INTEREST INCOME:        
Trust and financial services 1,313 1,288 2,618 2,822
Service charges and fees on deposit accounts 2,327 2,102 4,570 5,100
Other service charges and fees 5,039 3,869 9,281 7,199
Net securities gains (losses) 258 31 106 225
Gain on sales of mortgage loans 1,450 1,205 2,843 1,903
Other 544 281 807 622
TOTAL NON-INTEREST INCOME 10,931 8,776 20,225 17,871
NON-INTEREST EXPENSE:        
Salaries and employee benefits 16,031 14,323 31,708 30,295
Occupancy expense 2,002 2,162 4,151 4,091
Equipment expense 2,440 2,673 5,018 5,134
FDIC Expense 287 49 585 (181)
Other 7,236 7,676 14,173 15,098
TOTAL NON-INTEREST EXPENSE 27,996 26,883 55,635 54,437
INCOME BEFORE INCOME TAXES 20,759 14,823 36,875 30,024
Income tax expense 4,145 2,899 7,384 5,919
Unrealized gain (loss) on securities, net of tax 16,614 11,924 29,491 24,105
OTHER COMPREHENSIVE INCOME (LOSS)        
Change in unrealized gains/losses on securities, net of reclassifications 1,772 3,130 (9,296) 16,228
Change in funded status of post retirement benefits 472 384 944 788
COMPREHENSIVE INCOME (LOSS) $ 18,858 $ 15,438 $ 21,139 $ 41,121
PER SHARE DATA        
Basic and Diluted Earnings per Share (in dollars per share) $ 1.24 $ 0.87 $ 2.19 $ 1.76
Weighted average number of shares outstanding (in thousands) 13,414 13,715 13,473 13,740