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CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
INTEREST INCOME:      
Loans, including related fees $ 146,295 $ 128,000 $ 137,241
Securities:      
Taxable 21,014 13,110 12,979
Tax-exempt 9,974 8,762 7,952
Other 6,018 2,326 2,313
TOTAL INTEREST INCOME 183,301 152,198 160,485
INTEREST EXPENSE:      
Deposits 16,743 8,158 12,801
Short-term borrowings 1,243 387 568
Other borrowings 273 252 770
TOTAL INTEREST EXPENSE 18,259 8,797 14,139
NET INTEREST INCOME 165,042 143,401 146,346
Provision for credit losses (2,025) 2,466 10,528
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 167,067 140,935 135,818
NON-INTEREST INCOME:      
Trust and financial services 5,155 5,255 4,838
Service charges and fees on deposit accounts 27,540 24,700 21,809
Other service charges and fees 665 1,163 1,888
Securities gains, net 3 114 233
Interchange income 559 438 344
Loan servicing fees 1,554 1,849 1,715
Gain on sales of mortgage loans 1,994 5,003 6,626
Other 9,246 3,562 5,023
TOTAL NON-INTEREST INCOME 46,716 42,084 42,476
NON-INTEREST EXPENSE:      
Salaries and employee benefits 65,555 64,474 61,931
Occupancy expense 9,764 8,774 8,202
Equipment expense 12,391 10,174 10,568
FDIC Expense 2,327 1,294 316
Other 35,986 32,690 31,741
TOTAL NON-INTEREST EXPENSE 126,023 117,406 112,758
INCOME BEFORE INCOME TAXES 87,760 65,613 65,536
Provision for income taxes 16,651 12,626 11,692
NET INCOME 71,109 52,987 53,844
OTHER COMPREHENSIVE INCOME (LOSS)      
Change in unrealized gains/(losses) on securities, net of reclassifications and taxes (144,570) (18,488) 19,269
Change in funded status of post retirement benefits, net of taxes 7,022 6,298 (2,004)
COMPREHENSIVE INCOME (LOSS) $ (66,439) $ 40,797 $ 71,109
PER SHARE DATA      
Basic Earnings per Share (in dollars per share) $ 5.82 $ 4.02 $ 3.93
Diluted Earnings per Share (in dollars per share) $ 5.82 $ 4.02 $ 3.93
Weighted average number of shares outstanding, basic (in shares) 12,211 13,190 13,716
Weighted average number of shares outstanding, diluted (in shares) 12,211 13,190 13,716