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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
INTEREST AND DIVIDEND INCOME    
Interest and Fees on Loans $ 25,739 $ 25,183
Interest on Deposits at Banks 198 85
Interest and Dividends on Investment Securities:    
Fully Taxable 2,189 1,506
Exempt from Federal Taxes 821 920
Total Interest and Dividend Income 28,947 27,694
INTEREST EXPENSE    
Interest-Bearing Checking Accounts 163 219
Savings Deposits 417 565
Time Deposits over $250,000 28 120
Other Time Deposits 109 222
Federal Funds Purchased and Securities Sold Under Agreements to Repurchase 0 2
Federal Home Loan Bank Advances 187 193
Junior Subordinated Obligations Issued to Unconsolidated Subsidiary Trusts 169 169
Interest on Financing Leases 49 49
Total Interest Expense 1,122 1,539
NET INTEREST INCOME 27,825 26,155
Provision for Credit Losses 769 (648)
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 27,056 26,803
NONINTEREST INCOME    
Insurance Commissions 1,511 1,640
Net Gain on Securities 130 160
Net Gain on Sales of Loans 52 1,415
Other Operating Income 1,078 406
Total Noninterest Income 8,162 8,608
NONINTEREST EXPENSE    
Salaries and Employee Benefits 11,286 11,138
Occupancy Expenses, Net 1,598 1,593
Technology and Equipment Expense 3,779 3,459
FDIC Assessments 307 270
Other Operating Expense 1,975 2,218
Total Noninterest Expense 18,945 18,678
INCOME BEFORE PROVISION FOR INCOME TAXES 16,273 16,733
Provision for Income Taxes 3,698 3,453
NET INCOME $ 12,575 $ 13,280
Average Shares Outstanding:    
Basic (in shares) [1] 16,030 15,994
Diluted (in shares) [1] 16,083 16,030
Per Common Share:    
Basic Earnings (in dollars per share) $ 0.78 $ 0.83
Diluted Earnings (in dollars per share) $ 0.78 $ 0.83
Income From Fiduciary Activities    
NONINTEREST INCOME    
Revenue from contract with customer $ 2,596 $ 2,378
Fees for Other Services to Customers    
NONINTEREST INCOME    
Revenue from contract with customer $ 2,795 $ 2,609
[1] 2021 Share and Per Share Amounts have been restated for the September 24, 2021 3% stock dividend.