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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Interest income      
Loans $ 84,227 $ 87,492 $ 75,071
Investment securities - taxable 6,622 10,458 14,538
Investment securities - tax-exempt 2,493 1,566 2,054
Short term investments 353 115 1,331
Total interest income 93,695 99,631 92,994
Interest expense      
Deposits 4,199 12,009 19,310
Securities sold under agreements to repurchase 31 85 623
FHLB advances and other 482 1,924 1,779
Subordinated notes 2,009 2,006 1,987
Total interest expense 6,721 16,024 23,699
Net interest income 86,974 83,607 69,295
Provision for loan losses 1,090 5,325 900
Net interest income after provision for loan losses 85,884 78,282 68,395
Noninterest income      
Service charges on deposit accounts 3,047 2,874 3,404
Interchange income 4,129 3,423 3,281
Other service charges, commissions and fees 671 683 805
Swap fee income 293 847 1,197
Trust and investment management income 7,896 6,912 7,255
Brokerage income 3,571 2,821 2,426
Mortgage banking activities 5,909 5,274 3,047
Gain on sale of portfolio loans 0 2,803 0
Income from life insurance 2,273 2,261 2,044
Investment securities gains (losses) 638 (16) 4,749
Other income 725 427 331
Total noninterest income 29,152 28,309 28,539
Noninterest expenses      
Salaries and employee benefits 44,002 43,350 39,495
Occupancy 4,731 4,760 4,325
Furniture and equipment 5,115 4,756 4,723
Data processing 4,061 3,574 3,599
Automated teller and interchange fees 1,202 1,057 1,015
Advertising and bank promotions 2,178 1,660 1,967
FDIC insurance 816 686 367
Other professional services 2,555 3,120 2,954
Directors' compensation 865 921 1,003
Taxes other than income 1,321 1,144 1,018
Intangible asset amortization 1,275 1,569 1,570
Merger related and branch consolidation expenses 0 1,310 8,964
Insurance claim (recovery) receivable write-off 0 (486) 615
Other operating expenses 6,020 6,659 5,685
Total noninterest expenses 74,141 74,080 77,300
Income before income tax expense 40,895 32,511 19,634
Income tax expense 8,014 6,048 2,710
Net income $ 32,881 $ 26,463 $ 16,924
Per share information:      
Basic earnings per share (in dollars per share) $ 3.00 $ 2.42 $ 1.63
Diluted earnings per share (in dollars per share) 2.96 2.40 1.61
Dividends per share (in dollars per share) $ 0.74 $ 0.68 $ 0.60