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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
INTEREST AND DIVIDEND INCOME      
Interest and Fees on Loans $ 112,982 $ 104,985 $ 100,492
Interest on Deposits at Banks 3,100 565 321
Interest and Dividends on Investment Securities:      
Fully Taxable 10,357 6,487 7,131
Exempt from Federal Taxes 3,212 3,513 3,952
Total Interest and Dividend Income 129,651 115,550 111,896
INTEREST EXPENSE      
Interest-Bearing Checking Accounts 973 731 1,292
Savings Deposits 7,879 1,904 5,090
Time Deposits over $250,000 369 261 1,465
Other Time Deposits 604 632 2,782
Federal Funds Purchased and Securities Sold Under Agreements to Repurchase 0 3 60
Federal Home Loan Bank Advances 605 783 1,063
Junior Subordinated Obligations Issued to Unconsolidated Subsidiary Trusts 685 686 746
Interest on Financing Leases 193 195 196
Total Interest Expense 11,308 5,195 12,694
NET INTEREST INCOME 118,343 110,355 99,202
Provision for Credit Losses 4,798 272 9,319
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 113,545 110,083 89,883
NONINTEREST INCOME      
Insurance Commissions 6,463 6,487 6,876
Net Gain (Loss) on Securities 427 111 (464)
Net Gain on Sales of Loans 83 2,393 3,889
Other Operating Income 2,588 1,774 3,464
Total Noninterest Income 30,898 32,369 32,658
NONINTEREST EXPENSE      
Salaries and Employee Benefits 47,003 44,798 42,061
Occupancy Expenses, Net 6,202 5,814 5,614
Technology and Equipment Expense 16,118 14,870 12,976
FDIC Assessments 1,176 1,042 1,063
Other Operating Expense 11,031 11,524 8,964
Total Noninterest Expense 81,530 78,048 70,678
INCOME BEFORE PROVISION FOR INCOME TAXES 62,913 64,404 51,863
Provision for Income Taxes 14,114 14,547 11,036
NET INCOME $ 48,799 $ 49,857 $ 40,827
Average Shares Outstanding:      
Basic (in shares) [1] 16,513 16,499 16,406
Diluted (in shares) [1] 16,562 16,555 16,422
Per Common Share:      
Basic Earnings (in dollars per share) [1] $ 2.95 $ 3.02 $ 2.49
Diluted Earnings (in dollars per share) [1] $ 2.95 $ 3.01 $ 2.49
Fiduciary and Trust      
NONINTEREST INCOME      
Revenue from contract with customer $ 9,711 $ 10,142 $ 8,890
Deposit Account      
NONINTEREST INCOME      
Revenue from contract with customer $ 11,626 $ 11,462 $ 10,003
[1] Share and Per Share Amounts have been restated for the September 23, 2022 3% stock dividend.