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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
INTEREST INCOME      
Interest and Fees on Loans $ 139,151 $ 151,658 $ 152,481
Interest on Federal Funds Sold and Other Short-term Investments 488 382 522
Interest and Dividends on Securities:      
Taxable 12,962 10,447 13,910
Non-taxable 17,778 11,882 9,561
TOTAL INTEREST INCOME 170,379 174,369 176,474
INTEREST EXPENSE      
Interest on Deposits 4,955 13,696 23,805
Interest on FHLB Advances and Other Borrowings 4,594 5,430 7,444
TOTAL INTEREST EXPENSE 9,549 19,126 31,249
NET INTEREST INCOME 160,830 155,243 145,225
Provision for Credit Losses (6,500) 17,550 5,325
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 167,330 137,693 139,900
NON-INTEREST INCOME      
Company Owned Life Insurance 1,529 2,307 2,005
Other Operating Income 6,991 3,388 3,229
Net Gains on Sales of Loans 8,267 9,908 4,633
Net Gains on Securities 2,247 4,081 1,248
TOTAL NON-INTEREST INCOME 59,462 54,474 45,501
NON-INTEREST EXPENSE      
Salaries and Employee Benefits 68,570 68,112 63,885
Occupancy Expense 11,081 10,033 9,988
Furniture and Equipment Expense 3,750 3,991 3,788
FDIC Premiums 1,419 740 533
Data Processing Fees 7,611 6,889 7,927
Professional Fees 5,009 3,998 4,674
Advertising and Promotion 4,197 3,589 4,230
Intangible Amortization 2,731 3,539 3,721
Other Operating Expenses 19,639 16,232 15,416
TOTAL NON-INTEREST EXPENSE 124,007 117,123 114,162
Income before Income Taxes 102,785 75,044 71,239
Income Tax Expense 18,648 12,834 12,017
NET INCOME $ 84,137 $ 62,210 $ 59,222
Basic Earnings per Share (in USD per share) $ 3.17 $ 2.34 $ 2.29
Diluted Earnings per Share (in USD per share) $ 3.17 $ 2.34 $ 2.29
Wealth Management and Investment Services Income      
NON-INTEREST INCOME      
Non-interest Income $ 10,321 $ 8,005 $ 7,278
Service Charges on Deposit Accounts      
NON-INTEREST INCOME      
Non-interest Income 7,723 7,334 8,718
Insurance Revenues      
NON-INTEREST INCOME      
Non-interest Income 9,268 8,922 8,940
Interchange Fee Income      
NON-INTEREST INCOME      
Non-interest Income $ 13,116 $ 10,529 $ 9,450