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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
INTEREST AND DIVIDEND INCOME        
Interest and Fees on Loans $ 26,906 $ 27,014 $ 52,645 $ 52,197
Interest on Deposits at Banks 427 103 625 188
Interest and Dividends on Investment Securities:        
Fully Taxable 2,444 1,671 4,633 3,177
Exempt from Federal Taxes 816 907 1,637 1,827
Total Interest and Dividend Income 30,593 29,695 59,540 57,389
INTEREST EXPENSE        
Interest-Bearing Checking Accounts 199 192 362 411
Savings Deposits 892 501 1,309 1,066
Time Deposits over $250,000 26 69 54 189
Other Time Deposits 111 156 220 378
Federal Funds Purchased and Securities Sold Under Agreements to Repurchase 0 1 0 3
Federal Home Loan Bank Advances 108 196 295 389
Junior Subordinated Obligations Issued to Unconsolidated Subsidiary Trusts 171 171 340 340
Interest on Financing Leases 48 49 97 98
Total Interest Expense 1,555 1,335 2,677 2,874
NET INTEREST INCOME 29,038 28,360 56,863 54,515
Provision for Credit Losses 905 263 1,674 (385)
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 28,133 28,097 55,189 54,900
NONINTEREST INCOME        
Insurance Commissions 1,622 1,626 3,133 3,266
Net Gain on Securities 154 196 284 356
Net Gain on Sales of Loans 10 625 62 2,040
Other Operating Income 391 523 1,469 929
Total Noninterest Income 7,744 8,478 15,906 17,086
NONINTEREST EXPENSE        
Salaries and Employee Benefits 11,687 10,845 22,973 21,983
Occupancy Expenses, Net 1,602 1,484 3,200 3,077
Technology and Equipment Expense 3,974 3,710 7,753 7,169
FDIC Assessments 291 245 598 515
Other Operating Expense 2,791 2,803 4,766 5,021
Total Noninterest Expense 20,345 19,087 39,290 37,765
INCOME BEFORE PROVISION FOR INCOME TAXES 15,532 17,488 31,805 34,221
Provision for Income Taxes 3,558 4,209 7,256 7,662
NET INCOME $ 11,974 $ 13,279 $ 24,549 $ 26,559
Average Shares Outstanding:        
Basic (in shares) [1] 16,014 16,024 16,022 16,009
Diluted (in shares) [1] 16,054 16,085 16,069 16,056
Per Common Share:        
Basic Earnings (in dollars per share) $ 0.75 $ 0.83 $ 1.53 $ 1.66
Diluted Earnings (in dollars per share) $ 0.75 $ 0.83 $ 1.53 $ 1.65
Income From Fiduciary Activities        
NONINTEREST INCOME        
Revenue from contract with customer $ 2,517 $ 2,589 $ 5,113 $ 4,967
Fees for Other Services to Customers        
NONINTEREST INCOME        
Revenue from contract with customer $ 3,050 $ 2,919 $ 5,845 $ 5,528
[1] 2021 Share and Per Share Amounts have been restated for the September 24, 2021 3% stock dividend.