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Consolidated Statements Of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Interest and dividend income:        
Loans $ 28,763 $ 26,750 $ 56,149 $ 53,456
Investment securities:        
Taxable 2,137 2,245 3,805 4,078
Nontaxable 1,994 2,214 3,962 4,462
Total interest and dividend income 32,894 31,209 63,916 61,996
Interest expense:        
Savings, NOW and money market deposits 801 1,194 1,564 2,260
Time deposits 1,155 1,593 2,100 3,897
Short-term borrowings 243 350 684 700
Long-term debt 1,000 1,146 1,868 2,311
Total interest expense 3,199 4,283 6,216 9,168
Net interest income 29,695 26,926 57,700 52,828
Provision (credit) for credit losses 726 (623) 1,159 (1,609)
Net interest income after provision (credit) for credit losses 28,969 27,549 56,541 54,437
Noninterest income:        
Bank-owned life insurance 748 591 1,490 1,170
Service charges on deposit accounts 780 735 1,506 1,418
Net gains on sales of securities       606
Other 1,496 1,501 3,452 3,165
Total noninterest income 3,024 2,827 6,448 6,359
Noninterest expense:        
Salaries and employee benefits 9,981 9,845 19,736 19,915
Occupancy and equipment 3,356 3,067 6,307 6,344
Other 3,092 2,917 6,155 6,019
Total noninterest expense 16,429 15,829 32,198 32,278
Income before income taxes 15,564 14,547 30,791 28,518
Income tax expense 3,083 3,159 6,227 5,863
Net income $ 12,481 $ 11,388 $ 24,564 $ 22,655
Weighted average:        
Common shares 22,999,598 23,735,723 23,088,542 23,758,398
Dilutive restricted stock units 71,028 96,060 85,043 89,776
Total weighted average 23,070,626 23,831,783 23,173,585 23,848,174
Earnings per share:        
Basic $ 0.54 $ 0.48 $ 1.06 $ 0.95
Diluted 0.54 0.48 1.06 0.95
Cash dividends declared per share $ 0.20 $ 0.19 $ 0.40 $ 0.38