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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Interest Income        
Loans, including fees $ 34,986 $ 25,379 $ 99,187 $ 60,659
Taxable 6,146 5,939 18,222 17,447
Exempt from federal income taxes 182 209 558 638
Other 724 748 2,221 1,021
Total interest income 42,038 32,275 120,188 79,765
Interest Expense        
Deposits 14,436 1,852 36,218 3,494
Short-term borrowings 6,528 1,516 15,684 1,794
Long-term debt 679 591 1,999 1,712
Total interest expense 21,643 3,959 53,901 7,000
Net interest income 20,395 28,316 66,287 72,765
Provision for credit losses     550  
Net interest income after provision for credit losses 20,395 28,316 65,737 72,765
Noninterest Income        
Mortgage banking 2,510 3,782 7,132 14,751
Other 1,693 1,402 5,475 3,541
Total noninterest income 28,407 27,010 79,439 85,706
Noninterest Expense        
Compensation 19,071 21,168 57,076 61,467
Employee taxes and benefits 4,895 5,079 15,472 17,028
Occupancy and equipment expense 1,883 1,925 5,619 5,713
Business services, software and technology expense 4,774 5,373 15,367 15,082
Intangible amortization expense 1,324 1,324 3,972 3,430
Professional fees and assessments 1,716 3,126 4,397 6,913
Marketing and business development 692 890 2,026 2,304
Supplies and postage 410 588 1,275 1,806
Travel 322 291 876 826
Mortgage and lending expenses 689 409 1,401 1,577
Other 1,484 2,594 4,022 4,676
Total noninterest expense 37,260 42,767 111,503 120,822
Income before income taxes 11,542 12,559 33,673 37,649
Income tax expense 2,381 2,940 7,222 8,553
Net income $ 9,161 $ 9,619 $ 26,451 $ 29,096
Per Common Share Data        
Basic earnings per common share $ 0.46 $ 0.48 $ 1.31 $ 1.58
Diluted earnings per common share 0.45 0.47 1.30 1.56
Dividends declared per common share $ 0.19 $ 0.18 $ 0.56 $ 0.52
Average common shares outstanding 19,872 19,987 19,977 18,186
Diluted average common shares outstanding 20,095 20,230 20,193 18,431
Retirement and Benefit Services        
Noninterest Income        
Revenue $ 18,605 $ 16,597 $ 49,977 $ 50,536
Wealth Management        
Noninterest Income        
Revenue 5,271 4,852 15,915 15,726
Deposit Account        
Noninterest Income        
Revenue $ 328 $ 377 $ 940 $ 1,152