XML 22 R4.htm IDEA: XBRL DOCUMENT v3.22.0.1
Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
INTEREST AND DIVIDEND INCOME      
Interest and Fees on Loans $ 104,985 $ 100,492 $ 95,467
Interest on Deposits at Banks 565 321 722
Interest and Dividends on Investment Securities:      
Fully Taxable 6,487 7,131 8,883
Exempt from Federal Taxes 3,513 3,952 4,687
Total Interest and Dividend Income 115,550 111,896 109,759
INTEREST EXPENSE      
Interest-Bearing Checking Accounts 731 1,292 1,985
Savings Deposits 1,904 5,090 8,399
Time Deposits over $250,000 261 1,465 1,932
Other Time Deposits 632 2,782 4,224
Federal Funds Purchased and Securities Sold Under Agreements to Repurchase 3 60 100
Federal Home Loan Bank Advances 783 1,063 3,952
Junior Subordinated Obligations Issued to Unconsolidated Subsidiary Trusts 686 746 1,019
Interest on Financing Leases 195 196 99
Total Interest Expense 5,195 12,694 21,710
NET INTEREST INCOME 110,355 99,202 88,049
Provision for Credit Losses 272 9,319 2,079
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 110,083 89,883 85,970
NONINTEREST INCOME      
Insurance Commissions 6,487 6,876 7,182
Net Gain (Loss) on Securities 111 (464) 289
Net Gain on Sales of Loans 2,393 3,889 622
Other Operating Income 1,774 3,464 1,477
Total Noninterest Income 32,369 32,658 28,555
NONINTEREST EXPENSE      
Salaries and Employee Benefits 44,798 42,061 38,402
Occupancy Expenses, Net 5,814 5,614 5,407
Technology and Equipment Expense 14,870 12,976 13,054
FDIC Assessments 1,042 1,063 157
Other Operating Expense 11,524 8,964 10,430
Total Noninterest Expense 78,048 70,678 67,450
INCOME BEFORE PROVISION FOR INCOME TAXES 64,404 51,863 47,075
Provision for Income Taxes 14,547 11,036 9,600
NET INCOME $ 49,857 $ 40,827 $ 37,475
Average Shares Outstanding:      
Basic (in shares) [1] 16,018 15,929 15,849
Diluted (in shares) [1] 16,073 15,944 15,896
Per Common Share:      
Basic Earnings (in dollars per share) [1] $ 3.11 $ 2.56 $ 2.36
Diluted Earnings (in dollars per share) [1] $ 3.10 $ 2.56 $ 2.36
Fiduciary and Trust      
NONINTEREST INCOME      
Revenue from contract with customer $ 10,142 $ 8,890 $ 8,809
Deposit Account      
NONINTEREST INCOME      
Revenue from contract with customer $ 11,462 $ 10,003 $ 10,176
[1] Share and Per Share Amounts have been restated for the September 24, 2021 3% stock dividend.