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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, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
INTEREST INCOME:        
Loans, including related fees $ 51,459 $ 46,479 $ 101,511 $ 91,074
Securities:        
Taxable 5,833 6,231 11,764 12,467
Tax-exempt 2,601 2,678 5,204 5,276
Other 878 841 1,695 2,112
TOTAL INTEREST INCOME 60,771 56,229 120,174 110,929
INTEREST EXPENSE:        
Deposits 19,694 11,957 37,425 21,484
Short-term borrowings 959 1,294 1,935 2,102
Other borrowings 824 791 2,600 821
TOTAL INTEREST EXPENSE 21,477 14,042 41,960 24,407
NET INTEREST INCOME 39,294 42,187 78,214 86,522
Provision for credit losses 2,966 1,800 4,766 3,600
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 36,328 40,387 73,448 82,922
NON-INTEREST INCOME:        
Trust and financial services 1,318 1,185 2,652 2,502
Service charges and fees on deposit accounts 6,730 7,054 13,437 13,872
Other service charges and fees 286 196 509 400
Interchange income 135   314 47
Loan servicing fees 414 264 683 549
Gain on sales of mortgage loans 299 311 475 490
Other 723 1,443 1,266 1,968
TOTAL NON-INTEREST INCOME 9,905 10,453 19,336 19,828
NON-INTEREST EXPENSE:        
Salaries and employee benefits 17,380 16,946 34,710 34,104
Occupancy expense 2,201 2,132 4,560 4,731
Equipment expense 4,312 3,525 8,456 6,824
FDIC Expense 501 577 1,163 1,364
Other 8,257 8,166 17,184 16,644
TOTAL NON-INTEREST EXPENSE 32,651 31,346 66,073 63,667
INCOME BEFORE INCOME TAXES 13,582 19,494 26,711 39,083
Provision for income taxes 2,213 3,507 4,418 7,116
NET INCOME 11,369 15,987 22,293 31,967
OTHER COMPREHENSIVE INCOME        
Change in unrealized gains/(losses) on securities, net of reclassifications and taxes 3,535 (15,808) (7,561) (1,570)
Change in funded status of post retirement benefits, net of taxes 74 147 147 294
COMPREHENSIVE INCOME $ 14,978 $ 326 $ 14,879 $ 30,691
PER SHARE DATA        
Basic Earnings per Share (in dollars per share) $ 0.96 $ 1.33 $ 1.89 $ 2.66
Diluted Earnings per Share (in dollars per share) $ 0.96 $ 1.33 $ 1.89 $ 2.66
Weighted average number of shares outstanding, basic (in shares) 11,814 12,022 11,809 12,040
Weighted average number of shares outstanding, diluted (in shares) 11,814 12,022 11,809 12,040