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CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
INTEREST INCOME:    
Loans, including related fees $ 50,052 $ 44,595
Securities:    
Taxable 5,931 6,236
Tax-exempt 2,603 2,598
Other 817 1,271
TOTAL INTEREST INCOME 59,403 54,700
INTEREST EXPENSE:    
Deposits 17,731 9,527
Short-term borrowings 976 808
Other borrowings 1,776 30
TOTAL INTEREST EXPENSE 20,483 10,365
NET INTEREST INCOME 38,920 44,335
Provision for credit losses 1,800 1,800
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 37,120 42,535
NON-INTEREST INCOME:    
Trust and financial services 1,333 1,317
Service charges and fees on deposit accounts 6,708 6,818
Other service charges and fees 223 204
Interchange income 179 47
Loan servicing fees 269 285
Gain on sales of mortgage loans 176 180
Other 543 524
Total non-interest income 9,431 9,375
NON-INTEREST EXPENSE:    
Salaries and employee benefits 17,330 17,158
Occupancy expense 2,359 2,599
Equipment expense 4,144 3,299
FDIC Expense 662 787
Other 8,927 8,478
TOTAL NON-INTEREST EXPENSE 33,422 32,321
INCOME BEFORE INCOME TAXES 13,129 19,589
Provision for income taxes 2,205 3,609
NET INCOME 10,924 15,980
OTHER COMPREHENSIVE INCOME (LOSS)    
Change in unrealized gains/(losses) on securities, net of reclassifications and taxes (11,096) 14,238
Change in funded status of post retirement benefits, net of taxes 73 147
COMPREHENSIVE INCOME (LOSS) $ (99) $ 30,365
PER SHARE DATA    
Basic Earnings per Share (in dollars per share) $ 0.93 $ 1.33
Diluted Earnings per Share (in dollars per share) $ 0.93 $ 1.33
Weighted average number of shares outstanding, basic (in shares) 11,803 12,058
Weighted average number of shares outstanding, diluted (in shares) 11,803 12,058