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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
INTEREST AND DIVIDEND INCOME    
Interest and Fees on Loans $ 25,183 $ 24,874
Interest on Deposits at Banks 85 124
Interest and Dividends on Investment Securities:    
Fully Taxable 1,506 2,193
Exempt from Federal Taxes 920 1,035
Total Interest and Dividend Income 27,694 28,226
INTEREST EXPENSE    
Interest-Bearing Checking Accounts 219 487
Savings Deposits 565 2,471
Time Deposits over $250,000 120 533
Other Time Deposits 222 1,000
Federal Funds Purchased and Securities Sold Under Agreements to Repurchase 2 22
Federal Home Loan Bank Advances 193 429
Junior Subordinated Obligations Issued to Unconsolidated Subsidiary Trusts 169 228
Interest on Financing Leases 49 50
Total Interest Expense 1,539 5,220
NET INTEREST INCOME 26,155 23,006
Provision for Credit Losses (648) 2,772
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 26,803 20,234
NONINTEREST INCOME    
Insurance Commissions 1,640 1,632
Net Gain (Loss) on Securities 160 (374)
Net Gain on Sales of Loans 1,415 213
Other Operating Income 406 1,559
Total Noninterest Income 8,608 7,694
NONINTEREST EXPENSE    
Salaries and Employee Benefits 11,138 10,383
Occupancy Expenses, Net 1,593 1,449
Technology and Equipment Expense 3,459 3,352
FDIC Assessments 270 219
Other Operating Expense 2,218 2,351
Total Noninterest Expense 18,678 17,754
INCOME BEFORE PROVISION FOR INCOME TAXES 16,733 10,174
Provision for Income Taxes 3,453 2,047
NET INCOME $ 13,280 $ 8,127
Average Shares Outstanding:    
Basic (in shares) [1] 15,528 15,446
Diluted (in shares) [1] 15,563 15,476
Per Common Share:    
Basic Earnings (in dollars per share) $ 0.86 $ 0.53
Diluted Earnings (in dollars per share) $ 0.85 $ 0.53
Income From Fiduciary Activities    
NONINTEREST INCOME    
Revenue from contract with customer $ 2,378 $ 2,213
Fees for Other Services to Customers    
NONINTEREST INCOME    
Revenue from contract with customer $ 2,609 $ 2,451
[1] 2020 Share and Per Share Amounts have been restated for the September 25, 2020 3% stock dividend.