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CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
INTEREST INCOME:    
Loans, including related fees $ 44,595 $ 32,357
Securities:    
Taxable 6,236 4,583
Tax-exempt 2,598 2,348
Other 1,271 365
TOTAL INTEREST INCOME 54,700 39,653
INTEREST EXPENSE:    
Deposits 9,527 1,676
Short-term borrowings 808 82
Other borrowings 30 84
TOTAL INTEREST EXPENSE 10,365 1,842
NET INTEREST INCOME 44,335 37,811
Provision for credit losses 1,800 (6,550)
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 42,535 44,361
NON-INTEREST INCOME:    
Trust and financial services 1,317 1,372
Service charges and fees on deposit accounts 6,818 6,654
Other service charges and fees 204 106
Securities gains, net   5
Interchange income 47 118
Loan servicing fees 285 359
Gain on sales of mortgage loans 180 662
Other 524 4,462
TOTAL NON-INTEREST INCOME 9,375 13,738
NON-INTEREST EXPENSE:    
Salaries and employee benefits 17,158 17,342
Occupancy expense 2,599 2,522
Equipment expense 3,299 2,907
FDIC Expense 787 428
Other 8,478 8,145
TOTAL NON-INTEREST EXPENSE 32,321 31,344
INCOME BEFORE INCOME TAXES 19,589 26,755
Provision for income taxes 3,609 5,831
NET INCOME 15,980 20,924
OTHER COMPREHENSIVE INCOME (LOSS)    
Change in unrealized gains/(losses) on securities, net of reclassifications and taxes 14,238 (68,914)
Change in funded status of post retirement benefits, net of taxes 147 315
COMPREHENSIVE INCOME (LOSS) $ 30,365 $ (47,675)
PER SHARE DATA    
Basic Earnings per Share (in dollars per share) $ 1.33 $ 1.67
Diluted Earnings per Share (in dollars per share) $ 1.33 $ 1.67
Weighted average number of shares outstanding, basic (in shares) 12,058 12,538
Weighted average number of shares outstanding, diluted (in shares) 12,058 12,538