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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Interest Income      
Loans, including fees $ 136,918 $ 89,907 $ 78,133
Taxable 24,262 23,260 13,001
Exempt from federal income taxes 740 848 925
Other 2,963 1,562 598
Total interest income 164,883 115,577 92,657
Interest Expense      
Deposits 53,387 9,169 3,661
Short-term borrowings 20,976 4,339  
Long-term debt 2,681 2,340 1,897
Total interest expense 77,044 15,848 5,558
Net interest income 87,839 99,729 87,099
Provision for credit losses 2,057   (3,500)
Net interest income after provision for credit losses 85,782 99,729 90,599
Noninterest Income      
Mortgage banking 8,411 16,921 48,502
Net gains (losses) on investment securities (24,643)   125
Other 8,032 4,863 4,604
Total noninterest income 80,229 111,223 147,387
Noninterest Expense      
Compensation 76,290 80,656 93,386
Employee taxes and benefits 20,051 21,915 22,033
Occupancy and equipment expense 7,477 7,605 8,148
Business services, software and technology expense 21,053 19,487 20,486
Intangible amortization expense 5,296 4,754 4,380
Professional fees and assessments 6,743 8,367 6,292
Marketing and business development 3,027 3,254 3,182
Supplies and postage 1,796 2,440 2,361
Travel 1,189 1,182 442
Mortgage and lending expenses 1,902 2,183 4,250
Other 5,333 6,927 3,949
Total noninterest expense 150,157 158,770 168,909
Income before income taxes 15,854 52,182 69,077
Income tax expense 4,158 12,177 16,396
Net income $ 11,696 $ 40,005 $ 52,681
Per Common Share Data      
Basic earnings per common share $ 0.59 $ 2.12 $ 3.02
Diluted earnings per common share 0.58 2.10 2.97
Dividends declared per common share $ 0.75 $ 0.70 $ 0.63
Average common shares outstanding 19,922 18,640 17,189
Diluted average common shares outstanding 20,143 18,884 17,486
Retirement and Benefit Services      
Noninterest Income      
Revenue $ 65,294 $ 67,135 $ 71,709
Wealth Management      
Noninterest Income      
Revenue 21,855 20,870 21,052
Deposit Account      
Noninterest Income      
Revenue $ 1,280 $ 1,434 $ 1,395