XML 20 R4.htm IDEA: XBRL DOCUMENT v3.22.4
Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Interest income:      
Interest and fees on loans $ 104,570 $ 102,832 $ 110,447
Interest on securities -- taxable 5,271 700 1,004
Interest on securities -- tax-exempt 715 1,037 1,785
Interest on deposits in banks 3,763 741 800
Total interest income 114,319 105,310 114,036
Interest expense:      
Interest on deposits 1,654 2,835 5,460
Interest on short-term borrowings 2 1 4
Total interest expense 1,656 2,836 5,464
Net interest income 112,663 102,474 108,572
Provision for (recovery of) credit/loan losses 6,572 (8,471) 12,668
Net interest income after provision for loan losses 106,091 110,945 95,904
Noninterest income:      
Net gain on sale of securities 0 0 385
Gain on divestitures 1,658 0 0
Other operating income 5,148 4,580 2,679
Total noninterest income 37,182 34,301 29,833
Noninterest expense:      
Salaries and employee benefits 47,183 44,239 44,005
Occupancy expense 4,818 4,913 5,043
Furniture and equipment expense 6,001 5,627 5,558
Service fees 7,606 6,324 5,665
Advertising and public relations 2,409 2,076 1,951
Professional fees 1,303 1,524 1,224
Amortization of intangibles 1,446 1,446 1,450
FDIC premiums and assessments 1,126 832 426
Merger expense 596 0 1,893
Divestiture expense 153 0 0
Other operating expense 10,475 11,737 12,410
Total noninterest expense 83,116 78,718 79,625
Income before income taxes 60,157 66,528 46,112
Income tax expense 13,495 15,360 10,186
Net income $ 46,662 $ 51,168 $ 35,926
Earnings per common share      
Basic (in dollars per share) $ 2.82 $ 2.95 $ 2.02
Diluted (in dollars per share) 2.82 2.94 2.02
Cash dividends per common share (in dollars per share) $ 1.12 $ 1.04 $ 1.00
Weighted average shares outstanding      
Basic (in shares) 16,519,848 17,335,615 17,781,748
Diluted (in shares) 16,562,257 17,402,936 17,815,380
Fiduciary and Trust [Member]      
Noninterest income:      
Noninterest income $ 3,855 $ 3,853 $ 3,417
Deposit Account [Member]      
Noninterest income:      
Noninterest income 14,213 13,446 13,019
Financial Service, Other [Member]      
Noninterest income:      
Noninterest income $ 12,308 $ 12,422 $ 10,333