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CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
INTEREST INCOME:        
Loans, including related fees $ 31,937 $ 34,077 $ 95,760 $ 102,335
Securities:        
Taxable 3,627 3,005 10,061 10,658
Tax-exempt 2,234 1,994 6,471 5,940
Other 347 463 1,080 1,265
TOTAL INTEREST INCOME 38,145 39,539 113,372 120,198
INTEREST EXPENSE:        
Interest Expense, Deposits 1,959 2,689 6,335 10,238
Short-term borrowings 99 107 291 475
Other borrowings 59 212 177 709
TOTAL INTEREST EXPENSE 2,117 3,008 6,803 11,422
NET INTEREST INCOME 36,028 36,531 106,569 108,776
Provision for loan losses (1,500) 4,425 (3,244) 10,080
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 37,528 32,106 109,813 98,696
NON-INTEREST INCOME:        
Trust and financial services 1,156 1,210 3,774 4,032
Service charges and fees on deposit accounts 2,697 2,516 7,267 7,616
Other service charges and fees 4,466 4,269 13,747 11,468
Net securities gains (losses) 5 5 111 230
Gain on sales of mortgage loans 1,425 2,910 4,268 4,813
Other 1,343 829 2,150 1,451
TOTAL NON-INTEREST INCOME 11,092 11,739 31,317 29,610
NON-INTEREST EXPENSE:        
Salaries and employee benefits 15,770 15,474 47,478 45,769
Occupancy expense 2,151 2,003 6,302 6,094
Equipment expense 2,177 2,739 7,195 7,873
FDIC Expense 313 135 898 (46)
Other 8,048 6,779 22,221 21,877
TOTAL NON-INTEREST EXPENSE 28,459 27,130 84,094 81,567
INCOME BEFORE INCOME TAXES 20,161 16,715 57,036 46,739
Income tax expense 4,063 2,715 11,447 8,634
Unrealized gain (loss) on securities, net of tax 16,098 14,000 45,589 38,105
OTHER COMPREHENSIVE INCOME (LOSS)        
Change in unrealized gains/losses on securities, net of reclassifications (2,985) 2,223 (12,281) 18,451
Change in funded status of post retirement benefits 471 383 1,415 1,171
COMPREHENSIVE INCOME (LOSS) $ 13,584 $ 16,606 $ 34,723 $ 57,727
PER SHARE DATA        
Basic and Diluted Earnings per Share (in dollars per share) $ 1.24 $ 1.02 $ 3.42 $ 2.78
Weighted average number of shares outstanding (in thousands) 13,019 13,715 13,320 13,723