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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Interest Income    
Loans, including fees $ 39,294 $ 30,933
Taxable 4,568 5,951
Exempt from federal income taxes 174 190
Other 5,002 735
Total interest income 49,038 37,809
Interest Expense    
Deposits 20,152 9,104
Short-term borrowings 5,989 4,393
Long-term debt 678 654
Total interest expense 26,819 14,151
Net interest income 22,219 23,658
Provision for credit losses   550
Net interest income after provision for credit losses 22,219 23,108
Noninterest Income    
Mortgage banking 1,670 1,717
Other 1,491 2,559
Total noninterest income 25,323 25,253
Noninterest Expense    
Compensation 19,332 19,158
Employee taxes and benefits 6,188 5,853
Occupancy and equipment expense 1,906 1,899
Business services, software and technology expense 5,345 5,324
Intangible amortization expense 1,324 1,324
Professional fees and assessments 1,993 1,152
Marketing and business development 685 686
Supplies and postage 528 460
Travel 292 248
Mortgage and lending expenses 441 497
Other 985 1,268
Total noninterest expense 39,019 37,869
Income before income taxes 8,523 10,492
Income tax expense 2,091 2,306
Net income $ 6,432 $ 8,186
Per Common Share Data    
Basic earnings per common share $ 0.32 $ 0.41
Diluted earnings per common share 0.32 0.40
Dividends declared per common share $ 0.19 $ 0.18
Average common shares outstanding 19,739 20,028
Diluted average common shares outstanding 19,986 20,246
Retirement and benefit services    
Noninterest Income    
Revenue $ 15,655 $ 15,482
Wealth management    
Noninterest Income    
Revenue 6,118 5,194
Service charges on deposit accounts    
Noninterest Income    
Revenue $ 389 $ 301