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UNAUDITED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Interest income    
Interest and fees on loans and leases $ 37,433 $ 37,087
Interest and dividends on investments 5,295 4,417
Interest on deposits with others 366 103
Total interest income 43,094 41,607
Interest expense    
Deposits 803 1,237
Subordinated debentures 82 79
Total interest expense 885 1,316
Net interest income 42,209 40,291
Provision for credit losses 0 1,250
Net interest income after provision for credit losses 42,209 39,041
Noninterest income    
Card processing 1,737 1,579
Service charges on deposit accounts 850 638
Increase in cash surrender value of BOLI 542 526
Gain on sale of investment securities 0 1,840
Net gain/(loss) on deferred compensation benefits 412 3,540
Other 771 1,412
Total noninterest income 4,312 9,535
Noninterest expense    
Salaries and employee benefits 16,784 16,740
Net gain/(loss) on deferred compensation benefits 412 3,540
Occupancy 1,154 1,231
Data processing 1,215 1,224
FDIC insurance 349 287
Marketing 316 188
Legal 279 111
Other 3,279 3,042
Total noninterest expense 23,788 26,363
INCOME BEFORE INCOME TAXES 22,733 22,213
Income tax expense 5,675 5,500
NET INCOME $ 17,058 $ 16,713
Earnings per common share:    
Basic (in dollars per share) $ 21.70 $ 21.17
Diluted (in dollars per share) $ 21.70 $ 21.17
Weighted average number of common shares    
Basic (in shares) 786,096 789,646
Diluted (in shares) 786,096 789,646