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Consolidated Statements of Income (unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Loans, including fees        
Taxable $ 32,721 $ 27,593 $ 62,900 $ 55,012
Tax-exempt 45 104 91 222
Securities        
Interest Income, Securities, Operating, Taxable 1,765 1,351 3,421 2,646
Interest Income, Securities, Operating, Tax Exempt 987 851 1,953 1,713
Interest on interest bearing deposits with other banks 45 56 91 123
Total interest income 35,563 29,955 68,456 59,716
Interest expense        
Deposits 2,622 2,136 4,349 4,632
Short-term borrowings 696 464 1,068 933
Long-term borrowings and subordinated debentures 1,280 544 2,519 1,089
Total interest expense 4,598 3,144 7,936 6,654
Net interest income 30,965 26,811 60,520 53,062
Provision for credit losses 2,000 1,000 3,950 2,500
Net interest income after provision for loan losses 28,965 25,811 56,570 50,562
Noninterest income        
Debt Securities, Available-for-sale, Realized Gain (Loss) (289) 127 (442) 602
Equity Securities, FV-NI, Gain (Loss) (669) 0 (297) 0
Mortgage Origination Revenue 317 898 656 1,896
Bank owned life insurance and annuities income 331 275 615 573
Other 129 120 183 244
Total noninterest income 3,856 4,715 8,401 9,689
Noninterest expenses        
Salaries, commissions and employee benefits 10,030 8,230 19,731 16,665
Net occupancy expense 1,258 1,131 2,499 2,305
Equipment expense 1,791 1,598 3,634 3,180
Professional fees 507 428 869 766
Marketing and Advertising Expense 165 138 337 228
Amortization of intangibles 355 382 734 787
FDIC premiums 190 488 580 765
Bank card expense 810 685 1,524 1,259
Foreclosed properties expense, net of losses 141 746 51 972
Business Combination, Acquisition Related Costs 4 454 33 893
Other 2,358 2,756 4,817 5,649
Total noninterest expenses 17,609 17,036 34,809 33,469
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 15,212 13,490 30,162 26,782
Income tax expense 3,198 2,930 6,455 5,863
Net income 12,014 10,560 23,707 20,919
Dividends, Preferred Stock, Cash 225 139 450 139
Net Income (Loss) Available to Common Stockholders, Basic $ 11,789 $ 10,421 $ 23,257 $ 20,780
Basic earnings per common share $ 0.92 $ 0.80 $ 1.82 $ 1.61
Diluted earnings per common share $ 0.92 $ 0.80 $ 1.82 $ 1.60
Fiduciary and Trust [Member]        
Noninterest income        
Revenue from Contract with Customer, Including Assessed Tax $ 745 $ 683 $ 1,503 $ 1,321
Deposit Account [Member]        
Noninterest income        
Revenue from Contract with Customer, Including Assessed Tax 1,674 1,093 3,074 2,193
Credit and Debit Card [Member]        
Noninterest income        
Revenue from Contract with Customer, Including Assessed Tax $ 1,618 $ 1,519 $ 3,109 $ 2,860