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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Interest and Fee Income: $ 8,655 $ 8,930 $ 17,377 $ 17,910
Loans 11,354 11,845 22,678 23,585
Equity securities 175 152 349 304
Debt securities available for sale 43,927 47,452 90,170 94,262
Interest-bearing cash 4,961 2,110 7,244 4,052
Total Interest and Fee Income 69,072 70,489 137,818 140,113
Deposits 2,460 582 4,566 1,040
Bank Term Funding Program borrowings 2,692 0 3,535 0
Securities sold under repurchase agreements 155 25 207 38
Total Interest Expense 5,307 607 8,308 1,078
Net Interest and Fee Income 63,765 69,882 129,510 139,035
Provision (Reversal of Provision) for Credit Losses 0 0 300 (1,550)
Provision (Reversal of Provision) for Credit Losses 63,765 69,882 129,210 140,585
Noninterest Income:        
Securities losses 0 (125) 0 (125)
Other noninterest income 791 768 1,545 1,755
Total Noninterest Income 10,500 10,700 20,597 21,249
Noninterest Expense:        
Salaries and related benefits 12,483 11,828 25,069 23,895
Occupancy and equipment 5,158 5,012 10,198 10,497
Outsourced data processing services 2,511 2,488 5,047 4,932
Limited partnership operating losses 1,440 1,440 2,880 2,874
Professional fees 362 485 764 961
Other noninterest expense 3,490 3,975 6,936 7,664
Total Noninterest Expense 26,130 25,839 52,229 52,049
Income Before Income Taxes 48,135 54,743 97,578 109,785
Provision for income taxes 12,673 14,495 25,699 29,086
Net Income $ 35,462 $ 40,248 $ 71,879 $ 80,699
Average Common Shares Outstanding (in shares) 26,680 26,648 26,677 26,753
Average Diluted Common Shares Outstanding (in shares) 26,681 26,648 26,678 26,756
Per Common Share Data:        
Basic earnings (in dollars per share) $ 1.33 $ 1.51 $ 2.69 $ 3.02
Diluted earnings (in dollars per share) 1.33 1.51 2.69 3.02
Dividends paid (in dollars per share) $ 0.44 $ 0.42 $ 0.88 $ 0.84
Deposit Account [Member]        
Noninterest Income:        
Noninterest income revenue $ 3,469 $ 3,459 $ 6,939 $ 6,924
Credit Card, Merchant Discount [Member]        
Noninterest Income:        
Noninterest income revenue 2,733 2,869 5,240 5,506
Debit Card [Member]        
Noninterest Income:        
Noninterest income revenue 1,706 1,759 3,249 3,401
Fiduciary and Trust [Member]        
Noninterest Income:        
Noninterest income revenue 811 810 1,605 1,575
ATM Processing Fees [Member]        
Noninterest Income:        
Noninterest income revenue 540 702 1,131 1,356
Financial Service, Other [Member]        
Noninterest Income:        
Noninterest income revenue 450 458 888 857
Noninterest Expense:        
Courier service $ 686 $ 611 $ 1,335 $ 1,226