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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, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
INTEREST INCOME:        
Loans, including related fees $ 34,305 $ 31,966 $ 66,662 $ 63,823
Securities:        
Taxable 6,048 3,355 10,631 6,434
Tax-exempt 2,492 2,163 4,840 4,237
Other 358 387 723 733
TOTAL INTEREST INCOME 43,203 37,871 82,856 75,227
INTEREST EXPENSE:        
Interest Expense, Deposits 2,473 2,090 4,149 4,376
Short-term borrowings 176 94 258 192
Other borrowings 85 59 169 118
TOTAL INTEREST EXPENSE 2,734 2,243 4,576 4,686
NET INTEREST INCOME 40,469 35,628 78,280 70,541
Provision for loan losses 750 (2,196) (5,800) (1,744)
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 39,719 37,824 84,080 72,285
NON-INTEREST INCOME:        
Trust and financial services 1,300 1,313 2,672 2,618
Service charges and fees on deposit accounts 7,079 6,015 13,733 11,610
Other service charges and fees 222 406 328 822
Net securities gains (losses) 0 258 5 106
Gain on sales of mortgage loans 603 1,450 1,265 2,843
Other 547 586 5,009 886
TOTAL NON-INTEREST INCOME 10,270 10,931 24,008 20,225
NON-INTEREST EXPENSE:        
Salaries and employee benefits 15,668 16,031 33,010 31,708
Occupancy expense 2,372 2,002 4,894 4,151
Equipment expense 2,959 2,440 5,866 5,018
FDIC Expense 542 287 970 585
Other 9,133 7,236 17,278 14,173
TOTAL NON-INTEREST EXPENSE 30,674 27,996 62,018 55,635
INCOME BEFORE INCOME TAXES 19,315 20,759 46,070 36,875
Income tax expense 3,702 4,145 9,533 7,384
Unrealized gain (loss) on securities, net of tax 15,613 16,614 36,537 29,491
OTHER COMPREHENSIVE INCOME (LOSS)        
Change in unrealized gains/losses on securities, net of reclassifications (55,919) 1,772 (124,833) (9,296)
Change in funded status of post retirement benefits 314 472 629 944
COMPREHENSIVE INCOME (LOSS) $ (39,992) $ 18,858 $ (87,667) $ 21,139
PER SHARE DATA        
Basic Earnings per Share (in dollars per share) $ 1.27 $ 1.24 $ 2.95 $ 2.19
Diluted Earnings per Share (in dollars per share) $ 1.27 $ 1.24    
Weighted average number of shares outstanding, basic (in thousands) 12,248 13,414 12,393 13,473
Weighted average number of shares outstanding, diluted (in thousands) 12,248 13,414