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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
INTEREST INCOME        
Interest and fees on loans and leases $ 34,264 $ 29,835 $ 69,280 $ 58,165
Interest and dividends on investment securities:        
U.S. Treasury and government agencies 2,329 225 3,865 403
State and political subdivision obligations, tax-exempt 379 278 715 555
Other securities 504 291 921 593
Total Interest and Dividends on Investment Securities 3,212 794 5,501 1,551
Interest on other interest-bearing balances 8 2 21 4
Interest on federal funds sold 736 98 1,050 177
Total Interest Income 38,220 30,729 75,852 59,897
INTEREST EXPENSE        
Interest on deposits 2,019 2,916 4,313 5,882
Interest on short-term borrowings   232   406
Interest on long-term and subordinated debt 768 704 1,692 1,407
Total Interest Expense 2,787 3,852 6,005 7,695
Net Interest Income 35,433 26,877 69,847 52,202
PROVISION FOR LOAN AND LEASE LOSSES 1,725 1,150 2,225 2,150
Net Interest Income After Provision for Loan and Lease Losses 33,708 25,727 67,622 50,052
NONINTEREST INCOME        
Net gain on sales of SBA loans 119 355 110 455
Earnings from cash surrender value of life insurance 262 75 508 149
Other income 1,674 797 3,792 1,588
Total Noninterest Income 5,230 5,652 10,980 10,364
NONINTEREST EXPENSE        
Salaries and employee benefits 12,340 9,933 25,584 19,531
Occupancy expense, net 1,655 1,317 3,454 2,797
Equipment expense 1,112 741 2,123 1,492
Software licensing and utilization 1,821 1,497 3,927 2,942
FDIC Assessment 506 433 1,097 903
Legal and professional fees 694 555 1,333 981
Charitable contributions qualifying for State tax credits 125 365 190 635
Mortgage banking profit-sharing expense 33 745 178 865
Gain on sale or write-down of foreclosed assets, net (15) (19) (31) (19)
Intangible amortization 521 276 1,002 557
Merger and acquisition expense   522   522
Post-acquisition restructuring expense     329  
Other expenses 5,123 3,091 10,474 5,808
Total Noninterest Expense 23,915 19,456 49,660 37,014
INCOME BEFORE PROVISION FOR INCOME TAXES 15,023 11,923 28,942 23,402
Provision for income taxes 2,771 2,310 5,336 4,477
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS $ 12,252 $ 9,613 $ 23,606 $ 18,925
PER COMMON SHARE DATA:        
Basic Earnings Per Common Share $ 0.77 $ 0.93 $ 1.48 $ 2.02
Diluted Earnings Per Common Share 0.77 0.93 1.48 2.02
Cash Dividends Declared $ 0.20 $ 0.20 $ 0.40 $ 0.39
Income from Fiduciary and Wealth Management Activities [Member]        
NONINTEREST INCOME        
Non-interest Income $ 1,205 $ 542 $ 2,257 $ 1,098
Service Charges on Deposits [Member]        
NONINTEREST INCOME        
Non-interest Income 450 177 1,134 329
Mortgage Banking Income [Member]        
NONINTEREST INCOME        
Non-interest Income 305 2,841 834 5,220
ATM Debit Card Interchange Income [Member]        
NONINTEREST INCOME        
Non-interest Income 1,128 656 2,185 1,224
Merchant Services Income [Member]        
NONINTEREST INCOME        
Non-interest Income $ 87 $ 209 $ 160 $ 301