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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Interest Income        
Loans, including fees $ 17,988 $ 19,324 $ 35,280 $ 39,891
Taxable 6,068 2,897 11,508 5,298
Exempt from federal income taxes 213 233 429 469
Other 157 130 273 247
Total interest income 24,426 22,584 47,490 45,905
Interest Expense        
Deposits 813 906 1,642 1,901
Short-term borrowings 278   278  
Long-term debt 559 538 1,121 826
Total interest expense 1,650 1,444 3,041 2,727
Net interest income 22,776 21,140 44,449 43,178
Net interest income after provision for loan losses 22,776 21,140 44,449 43,178
Noninterest Income        
Mortgage banking 6,038 12,287 10,969 29,419
Net gains (losses) on investment securities       114
Other 935 1,122 2,139 2,178
Total noninterest income 29,226 36,748 58,696 77,629
Noninterest Expense        
Compensation 21,248 24,309 40,299 48,007
Employee taxes and benefits 5,787 5,572 11,949 11,385
Occupancy and equipment expense 1,737 1,918 3,788 4,149
Business services, software and technology expense 4,785 4,958 9,709 9,934
Intangible amortization expense 1,053 1,088 2,106 2,239
Professional fees and assessments 2,246 1,509 3,787 2,981
Marketing and business development 814 769 1,414 1,445
Supplies and postage 572 503 1,218 1,034
Travel 356 36 535 62
Mortgage and lending expenses 482 1,199 1,168 2,531
Other 904 689 2,082 1,825
Total noninterest expense 39,984 42,550 78,055 85,592
Income before income taxes 12,018 15,338 25,090 35,215
Income tax expense 2,725 3,644 5,613 8,306
Net income $ 9,293 $ 11,694 $ 19,477 $ 26,909
Per Common Share Data        
Basic earnings per common share $ 0.53 $ 0.67 $ 1.11 $ 1.54
Diluted earnings per common share 0.52 0.66 1.10 1.52
Dividends declared per common share $ 0.18 $ 0.16 $ 0.34 $ 0.31
Average common shares outstanding 17,297 17,194 17,271 17,170
Diluted average common shares outstanding 17,532 17,497 17,517 17,482
Retirement and Benefit Services        
Noninterest Income        
Revenue $ 16,293 $ 17,871 $ 33,939 $ 35,126
Wealth Management        
Noninterest Income        
Revenue 5,548 5,138 10,874 10,124
Deposit Account        
Noninterest Income        
Revenue $ 412 $ 330 $ 775 $ 668