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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Interest Income    
Interest and fees on loans $ 32,035 $ 30,560
Taxable interest on investments 5,789 3,829
Nontaxable interest on investments 764 728
Dividend income 106 105
Other interest income 164 166
Total interest income 38,858 35,388
Interest Expense    
Interest on deposits 1,833 2,063
Interest on borrowings 131 156
Interest on subordinated debentures 529 805
Total interest expense 2,493 3,024
Net interest income 36,365 32,364
Credit for credit losses (1,075) (1,956)
Net interest income after credit for credit losses 37,440 34,320
Non-Interest Income    
Mortgage banking income, net 1,034 7,109
Brokerage and insurance commissions 994 953
Bank-owned life insurance 576 594
Other income 833 758
Total non-interest income 9,825 15,215
Non-Interest Expense    
Salaries and employee benefits 15,506 14,522
Furniture, equipment and data processing 3,132 3,027
Net occupancy costs 2,144 1,951
Debit card expense 1,066 986
Consulting and professional fees 1,007 863
Regulatory assessments 655 503
Amortization of core deposit intangible assets 156 164
Other real estate owned and collection recoveries, net (85) (191)
Other expenses 2,628 3,074
Total non-interest expense 26,209 24,899
Income before income tax expense 21,056 24,636
Income Tax Expense 4,261 4,896
Net Income $ 16,795 $ 19,740
Per Share Data    
Basic earnings per share $ 1.14 $ 1.32
Diluted earnings per share $ 1.13 $ 1.31
Weighted average number of common shares outstanding 14,741,271 14,916,387
Diluted weighted average number of common shares outstanding 14,822,332 14,994,534
Cash dividends declared per share $ 0.40 $ 0.36
Debit card income    
Non-Interest Income    
Revenue $ 2,924 $ 2,736
Service charges on deposit accounts    
Non-Interest Income    
Revenue 1,833 1,539
Income from fiduciary services    
Non-Interest Income    
Revenue $ 1,631 $ 1,526