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CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
INTEREST INCOME:        
Loans, including related fees $ 46,479 $ 34,305 $ 91,074 $ 66,662
Securities:        
Taxable 6,231 6,048 12,467 10,631
Tax-exempt 2,678 2,492 5,276 4,840
Other 841 358 2,112 723
TOTAL INTEREST INCOME 56,229 43,203 110,929 82,856
INTEREST EXPENSE:        
Deposits 11,957 2,473 21,484 4,149
Short-term borrowings 1,294 176 2,102 258
Other borrowings 791 85 821 169
TOTAL INTEREST EXPENSE 14,042 2,734 24,407 4,576
NET INTEREST INCOME 42,187 40,469 86,522 78,280
Provision for credit losses 1,800 750 3,600 (5,800)
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 40,387 39,719 82,922 84,080
NON-INTEREST INCOME:        
Trust and financial services 1,185 1,300 2,502 2,672
Service charges and fees on deposit accounts 7,054 7,079 13,872 13,733
Other service charges and fees 196 222 400 328
Securities gains, net       5
Interchange income   151 47 269
Loan servicing fees 264 368 549 727
Gain on sales of mortgage loans 311 603 490 1,265
Other 1,443 547 1,968 5,009
Total non-interest income 10,453 10,270 19,828 24,008
NON-INTEREST EXPENSE:        
Salaries and employee benefits 16,946 15,668 34,104 33,010
Occupancy expense 2,132 2,372 4,731 4,894
Equipment expense 3,525 2,959 6,824 5,866
FDIC Expense 577 542 1,364 970
Other 8,166 9,133 16,644 17,278
TOTAL NON-INTEREST EXPENSE 31,346 30,674 63,667 62,018
INCOME BEFORE INCOME TAXES 19,494 19,315 39,083 46,070
Provision for income taxes 3,507 3,702 7,116 9,533
NET INCOME 15,987 15,613 31,967 36,537
OTHER COMPREHENSIVE INCOME (LOSS)        
Change in unrealized gains/(losses) on securities, net of reclassifications and taxes (15,808) (55,919) (1,570) (124,833)
Change in funded status of post retirement benefits, net of taxes 147 314 294 629
COMPREHENSIVE INCOME (LOSS) $ 326 $ (39,992) $ 30,691 $ (87,667)
PER SHARE DATA        
Basic Earnings per Share (in dollars per share) $ 1.33 $ 1.27 $ 2.66 $ 2.95
Diluted Earnings per Share (in dollars per share) $ 1.33 $ 1.27 $ 2.66 $ 2.95
Weighted average number of shares outstanding, basic (in shares) 12,022 12,248 12,040 12,393
Weighted average number of shares outstanding, diluted (in shares) 12,022 12,248 12,040 12,393