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Condensed Consolidated Statements of Income and Comprehensive Income (Loss) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Interest income:        
Interest and fees on loans, including loans held for sale $ 43,524 $ 40,636 $ 120,925 $ 121,009
Interest and dividends on securities        
Taxable 5,830 4,083 15,158 9,806
Tax exempt 740 783 2,264 2,317
Interest and dividends on Federal Reserve Bank and Federal Home Loan Bank stock 175 122 423 369
Interest on Federal Reserve Bank deposits 1,105 93 1,460 285
Other, including interest on federal funds sold 31 9 54 26
Total interest income 51,405 45,726 140,284 133,812
Interest expense:        
Interest on deposits 6,648 3,119 13,449 9,734
Interest on repurchase agreements and federal funds purchased 666 326 1,256 996
Interest on advances from Federal Home Loan Bank 0 0 1 0
Interest on long-term debt 555 267 1,220 819
Total interest expense 7,869 3,712 15,926 11,549
Net interest income 43,536 42,014 124,358 122,263
Provision for credit losses (recovery) 2,414 (163) 3,366 (6,919)
Net interest income after provision for credit losses (recovery) 41,122 42,177 120,992 129,182
Noninterest income:        
Deposit related fees 7,629 7,066 21,638 19,446
Gains on sales of loans, net 235 1,239 1,351 5,579
Trust and wealth management income 2,989 3,039 9,435 9,339
Loan related fees 1,589 1,050 5,066 4,324
Bank owned life insurance 743 654 2,136 1,808
Brokerage revenue 453 519 1,502 1,530
Securities gains (losses) (159) (62) (285) 50
Other noninterest income 1,200 883 3,302 3,410
Total noninterest income 14,679 14,388 44,145 45,486
Noninterest expense:        
Officer salaries and employee benefits 4,114 4,861 12,235 13,978
Other salaries and employee benefits 14,432 13,992 42,383 40,668
Occupancy, net 2,259 2,087 6,624 6,300
Equipment 638 646 1,883 1,929
Data processing 2,270 1,911 6,566 5,940
Bank franchise tax 413 453 1,244 1,178
Legal fees 240 245 889 884
Professional fees 512 440 1,614 1,447
Advertising and marketing 768 819 2,179 2,251
FDIC insurance 360 393 1,073 1,042
Other real estate owned provision and expense 42 296 438 1,102
Repossession expense 104 83 335 294
Amortization of limited partnership investments 687 839 2,167 2,514
Other noninterest expense 4,636 3,263 11,182 8,609
Total noninterest expense 31,475 30,328 90,812 88,136
Income before income taxes 24,326 26,237 74,325 86,532
Income taxes 4,954 5,095 14,954 17,841
Net income 19,372 21,142 59,371 68,691
Unrealized holding gains (losses) on debt securities available-for-sale:        
Unrealized holding losses arising during the period (56,091) (9,322) (181,877) (16,703)
Less: Reclassification adjustments for realized gains (losses) included in net income 0 0 (1) 60
Tax benefit (14,584) (2,423) (47,288) (4,358)
Other comprehensive loss, net of tax (41,507) (6,899) (134,588) (12,405)
Comprehensive income (loss) $ (22,135) $ 14,243 $ (75,217) $ 56,286
Basic earnings per share (in dollars per share) $ 1.09 $ 1.19 $ 3.33 $ 3.86
Diluted earnings per share (in dollars per share) $ 1.08 $ 1.19 $ 3.33 $ 3.86
Weighted average shares outstanding-basic (in shares) 17,841 17,790 17,832 17,783
Weighted average shares outstanding-diluted (in shares) 17,857 17,808 17,844 17,798