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CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
INTEREST INCOME:        
Loans, including related fees $ 38,021 $ 31,937 $ 104,683 $ 95,760
Securities:        
Taxable 7,327 3,627 17,958 10,061
Tax-exempt 2,562 2,234 7,402 6,471
Other 336 347 1,059 1,080
TOTAL INTEREST INCOME 48,246 38,145 131,102 113,372
INTEREST EXPENSE:        
Deposits 4,644 1,959 8,793 6,335
Short-term borrowings 418 99 676 291
Other borrowings 80 59 249 177
TOTAL INTEREST EXPENSE 5,142 2,117 9,718 6,803
NET INTEREST INCOME 43,104 36,028 121,384 106,569
Provision for credit losses 1,050 (1,500) (4,750) (3,244)
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 42,054 37,528 126,134 109,813
NON-INTEREST INCOME:        
Trust and financial services 1,015 1,156 3,687 3,774
Service charges and fees on deposit accounts 6,965 6,421 20,698 18,031
Other service charges and fees 160 135 488 957
Securities gains (losses), net   5 5 111
Interchange income 149 224 418 423
Loan servicing fees 457 344 1,184 1,485
Gain on sales of mortgage loans 440 1,426 1,705 4,268
Other 2,954 1,381 7,963 2,268
TOTAL NON-INTEREST INCOME 12,140 11,092 36,148 31,317
NON-INTEREST EXPENSE:        
Salaries and employee benefits 15,943 15,770 48,953 47,478
Occupancy expense 2,525 2,151 7,419 6,302
Equipment expense 3,311 2,177 9,177 7,195
FDIC Expense 556 313 1,526 898
Other 9,169 8,048 26,447 22,221
TOTAL NON-INTEREST EXPENSE 31,504 28,459 93,522 84,094
INCOME BEFORE INCOME TAXES 22,690 20,161 68,760 57,036
Provision for income taxes 4,639 4,063 14,172 11,447
NET INCOME 18,051 16,098 54,588 45,589
OTHER COMPREHENSIVE INCOME (LOSS)        
Change in unrealized gains/(losses) on securities, net of reclassifications and taxes (41,060) (2,985) (165,893) (12,281)
Change in funded status of post retirement benefits, net of taxes 315 471 944 1,415
COMPREHENSIVE INCOME (LOSS) $ (22,694) $ 13,584 $ (110,361) $ 34,723
PER SHARE DATA        
Basic Earnings per Share (in dollars per share) $ 1.50 $ 1.24 $ 4.45 $ 3.42
Diluted Earnings per Share (in dollars per share) $ 1.50 $ 1.24 $ 4.45 $ 3.42
Weighted average number of shares outstanding, basic (in thousands) 12,029,000 13,019,000 12,270,000 13,320,000
Weighted average number of shares outstanding, diluted (in thousands) 12,029 13,019 12,270 13,320