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Consolidated Statements of Income - USD ($)
shares in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Interest income:      
Interest and fees on loans $ 143,520,000 $ 149,873,000 $ 130,703,000
Interest and dividends on investment securities 17,464,000 18,532,000 21,601,000
Other interest income 315,000 395,000 428,000
Total interest income 161,299,000 168,800,000 152,732,000
Interest expense:      
Deposits 17,822,000 28,494,000 19,055,000
Short-term borrowings 1,604,000 7,923,000 8,342,000
Long-term borrowings 2,888,000 2,471,000 2,471,000
Total interest expense 22,314,000 38,888,000 29,868,000
Net interest income 138,985,000 129,912,000 122,864,000
Provision for credit losses 27,184,000 8,044,000 8,934,000
Net interest income after provision for credit losses 111,801,000 121,868,000 113,930,000
Noninterest income:      
Service charges on deposits 4,810,000 7,241,000 7,120,000
Insurance income 4,403,000 4,570,000 4,930,000
ATM and debit card 7,281,000 6,779,000 6,152,000
Investment advisory 9,535,000 9,187,000 8,123,000
Company owned life insurance 1,902,000 1,758,000 1,793,000
Investments in limited partnerships 104,000 352,000 1,203,000
Loan servicing 249,000 432,000 441,000
Income from derivative instruments, net 5,521,000 2,274,000 972,000
Net gain on sale of loans held for sale 3,858,000 1,352,000 796,000
Net gain (loss) on investment securities 1,599,000 1,677,000 (127,000)
Net (loss) gain on other assets (61,000) 29,000 50,000
Net loss on tax credit investments (275,000) (528,000)  
Other 4,250,000 5,258,000 5,025,000
Total noninterest income 43,176,000 40,381,000 36,478,000
Noninterest expense:      
Salaries and employee benefits 59,336,000 56,330,000 54,643,000
Occupancy and equipment 13,655,000 13,552,000 12,892,000
Professional services 6,326,000 5,424,000 3,912,000
Computer and data processing 11,645,000 9,983,000 9,568,000
Supplies and postage 1,975,000 2,036,000 2,032,000
FDIC assessments 2,242,000 1,005,000 1,975,000
Advertising and promotions 2,609,000 3,577,000 3,582,000
Amortization of intangibles 1,134,000 1,250,000 1,257,000
Goodwill impairment   0 2,350,000
Restructuring charges 1,492,000    
Other 8,840,000 9,671,000 8,665,000
Total noninterest expense 109,254,000 102,828,000 100,876,000
Income before income taxes 45,723,000 59,421,000 49,532,000
Income tax expense 7,391,000 10,559,000 10,006,000
Net income 38,332,000 48,862,000 39,526,000
Preferred stock dividends 1,461,000 1,461,000 1,461,000
Net income available to common shareholders $ 36,871,000 $ 47,401,000 $ 38,065,000
Earnings per common share (Note 20):      
Basic $ 2.30 $ 2.97 $ 2.39
Diluted 2.30 2.96 2.39
Cash dividends declared per common share $ 1.04 $ 1.00 $ 0.96
Weighted average common shares outstanding:      
Basic 16,022 15,972 15,910
Diluted 16,063 16,031 15,956