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CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
INTEREST INCOME:      
Loans, including related fees $ 226,262 $ 189,641 $ 146,295
Securities:      
Taxable 24,237 24,643 21,014
Tax-exempt 10,533 10,573 9,974
Other 3,710 3,540 6,018
TOTAL INTEREST INCOME 264,742 228,397 183,301
INTEREST EXPENSE:      
Deposits 81,071 51,694 16,743
Short-term borrowings 4,284 5,370 1,243
Other borrowings 4,401 4,071 273
TOTAL INTEREST EXPENSE 89,756 61,135 18,259
NET INTEREST INCOME 174,986 167,262 165,042
Provision for credit losses 16,166 7,295 (2,025)
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 158,820 159,967 167,067
NON-INTEREST INCOME:      
Trust and financial services 5,468 5,155 5,155
Service charges and fees on deposit accounts 29,653 28,079 27,540
Other service charges and fees 999 801 665
Securities gains (losses), net 103 (1) 3
Interchange income 655 676 559
Loan servicing fees 1,259 1,176 1,554
Gain on sales of mortgage loans 1,153 966 1,994
Other 3,482 5,850 9,246
TOTAL NON-INTEREST INCOME 42,772 42,702 46,716
NON-INTEREST EXPENSE:      
Salaries and employee benefits 74,555 68,525 65,555
Occupancy expense 9,616 9,351 9,764
Equipment expense 17,612 14,020 12,391
FDIC Expense 2,788 2,907 2,327
Other 39,867 35,373 35,986
TOTAL NON-INTEREST EXPENSE 144,438 130,176 126,023
INCOME BEFORE INCOME TAXES 57,154 72,493 87,760
Provision for income taxes 9,879 11,821 16,651
NET INCOME 47,275 60,672 71,109
OTHER COMPREHENSIVE INCOME (LOSS)      
Change in unrealized gains (losses) on securities, net of reclassifications and taxes (9,807) 10,896 (144,570)
Change in funded status of post retirement benefits, net of taxes 4,609 1,991 7,022
COMPREHENSIVE INCOME (LOSS) $ 42,077 $ 73,559 $ (66,439)
PER SHARE DATA      
Basic Earnings per Share (in dollars per share) $ 4 $ 5.08 $ 5.82
Diluted Earnings per Share (in dollars per share) $ 4 $ 5.08 $ 5.82
Weighted average number of shares outstanding, basic (in shares) 11,812 11,937 12,211
Weighted average number of shares outstanding, diluted (in shares) 11,812 11,937 12,211