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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Interest Income        
Loans, including fees $ 25,379 $ 18,888 $ 60,659 $ 58,779
Taxable 5,939 3,249 17,447 8,547
Exempt from federal income taxes 209 225 638 694
Other 748 185 1,021 432
Total interest income 32,275 22,547 79,765 68,452
Interest Expense        
Deposits 1,852 880 3,494 2,781
Short-term borrowings 1,516   1,794  
Long-term debt 591 535 1,712 1,361
Total interest expense 3,959 1,415 7,000 4,142
Net interest income 28,316 21,132 72,765 64,310
Provision for loan losses   (2,000)   (2,000)
Net interest income after provision for loan losses 28,316 23,132 72,765 66,310
Noninterest Income        
Mortgage banking 3,782 11,116 14,751 40,535
Net gains (losses) on investment securities   11   125
Other 1,402 1,230 3,541 3,408
Total noninterest income 27,010 36,040 85,706 113,669
Noninterest Expense        
Compensation 21,168 23,291 61,467 71,298
Employee taxes and benefits 5,079 5,058 17,028 16,443
Occupancy and equipment expense 1,925 2,063 5,713 6,212
Business services, software and technology expense 5,373 5,332 15,082 15,266
Intangible amortization expense 1,324 1,088 3,430 3,327
Professional fees and assessments 3,126 1,503 6,913 4,484
Marketing and business development 890 865 2,304 2,310
Supplies and postage 588 549 1,806 1,583
Travel 291 174 826 236
Mortgage and lending expenses 409 1,231 1,577 3,762
Other 2,594 887 4,676 2,712
Total noninterest expense 42,767 42,041 120,822 127,633
Income before income taxes 12,559 17,131 37,649 52,346
Income tax expense 2,940 4,064 8,553 12,370
Net income $ 9,619 $ 13,067 $ 29,096 $ 39,976
Per Common Share Data        
Basic earnings per common share $ 0.48 $ 0.75 $ 1.58 $ 2.29
Diluted earnings per common share 0.47 0.74 1.56 2.26
Dividends declared per common share $ 0.18 $ 0.16 $ 0.52 $ 0.47
Average common shares outstanding 19,987 17,205 18,186 17,182
Diluted average common shares outstanding 20,230 17,499 18,431 17,488
Retirement and Benefit Services        
Noninterest Income        
Revenue $ 16,597 $ 18,031 $ 50,536 $ 53,157
Wealth Management        
Noninterest Income        
Revenue 4,852 5,295 15,726 15,419
Deposit Account        
Noninterest Income        
Revenue $ 377 $ 357 $ 1,152 $ 1,025