XML 21 R4.htm IDEA: XBRL DOCUMENT v3.20.4
Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Interest Income      
Loans, including fees $ 86,425 $ 85,830 $ 81,159
Investment securities - Taxable 7,798 5,576 4,670
Investment securities -Exempt from federal income taxes 949 798 1,234
Other 930 1,096 639
Total interest income 96,102 93,300 87,702
Interest Expense      
Deposits 8,843 13,334 6,991
Short-term borrowings   1,805 1,896
Long-term debt 3,413 3,610 3,591
Total interest expense 12,256 18,749 12,478
Net interest income 83,846 74,551 75,224
Provision for loan losses 10,900 7,312 8,610
Net interest income after provision for loan losses 72,946 67,239 66,614
Noninterest Income      
Mortgage banking 61,641 25,805 17,630
Net gains (losses) on investment securities 2,737 357 85
Other 5,177 6,947 5,010
Total noninterest income 149,371 114,194 102,749
Noninterest Expense      
Compensation 89,206 74,018 69,403
Employee taxes and benefits 20,050 19,456 17,866
Occupancy and equipment expense 11,073 10,751 11,086
Business services, software and technology expense 19,124 16,381 14,525
Intangible amortization expense 3,961 4,081 4,638
Professional fees and assessments 4,700 4,011 5,098
Marketing and business development 3,133 3,162 3,459
Supplies and postage 2,169 2,722 2,737
Travel 359 1,787 1,738
Mortgage and lending expenses 5,039 2,853 2,153
Other 4,985 3,315 3,622
Total noninterest expense 163,799 142,537 136,325
Income before income taxes 58,518 38,896 33,038
Income tax expense 13,843 9,356 7,172
Net income $ 44,675 $ 29,540 $ 25,866
Per Common Share Data      
Basic earnings per common share $ 2.57 $ 1.96 $ 1.88
Diluted earnings per common share 2.52 1.91 1.84
Dividends declared per common share $ 0.60 $ 0.57 $ 0.53
Average common shares outstanding 17,106 14,736 13,763
Diluted average common shares outstanding 17,438 15,093 14,063
Retirement and Benefit Services      
Noninterest Income      
Revenue $ 60,956 $ 63,811 $ 63,316
Wealth Management      
Noninterest Income      
Revenue 17,451 15,502 14,900
Deposit Account      
Noninterest Income      
Revenue $ 1,409 $ 1,772 $ 1,808