XML 15 R4.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Statements of Income (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Interest and Dividend Income:        
Interest and fees on loans $ 21,974,000 $ 22,346,000 $ 65,334,000 $ 65,046,000
Interest and dividends on securities:        
Taxable 1,896,000 1,545,000 5,297,000 5,228,000
Tax-exempt 94,000 107,000 293,000 330,000
Dividends 112,000 122,000 349,000 382,000
Other interest income 201,000 59,000 375,000 356,000
Total interest and dividend income 24,277,000 24,179,000 71,648,000 71,342,000
Interest Expense:        
Interest on deposits 781,000 2,118,000 2,990,000 7,908,000
Interest on short-term borrowings 3,000 42,000 19,000 237,000
Interest on long-term borrowings 400,000 524,000 1,352,000 1,523,000
Total interest expense 1,184,000 2,684,000 4,361,000 9,668,000
Net Interest Income 23,093,000 21,495,000 67,287,000 61,674,000
(Recovery of) Provision for loan losses 482,000 2,619,000 (870,000) 8,331,000
Net Interest Income After (Recovery of) Provision for Loan Losses 22,611,000 18,876,000 68,157,000 53,343,000
Noninterest Income:        
Securities gains, net 0 0 0 814,000
Brokerage fees 265,000 170,000 733,000 553,000
Income from Small Business Investment Companies 491,000 98,000 1,510,000 34,000
Income from insurance investments 132,000 108,000 1,062,000 271,000
Losses on premises and equipment, net (107,000) (15,000) (588,000) (97,000)
Other 231,000 233,000 704,000 788,000
Total noninterest income 5,123,000 4,292,000 16,187,000 12,622,000
Noninterest Expense:        
Salaries and employee benefits 8,185,000 7,989,000 23,881,000 21,540,000
Occupancy and equipment 1,513,000 1,423,000 4,548,000 4,116,000
FDIC assessment 194,000 162,000 644,000 433,000
Bank franchise tax 440,000 426,000 1,321,000 1,277,000
Core deposit intangible amortization 361,000 402,000 1,113,000 1,246,000
Data processing 748,000 705,000 2,224,000 2,253,000
Software 344,000 353,000 1,011,000 1,112,000
Other real estate owned, net 21,000 28,000 148,000 34,000
Other 3,037,000 2,652,000 8,655,000 7,895,000
Total noninterest expense 14,843,000 14,140,000 43,545,000 39,906,000
Income Before Income Taxes 12,891,000 9,028,000 40,799,000 26,059,000
Income Taxes 2,713,000 1,801,000 8,566,000 4,808,000
Net Income $ 10,178,000 $ 7,227,000 $ 32,233,000 $ 21,251,000
Net Income Per Common Share:        
Basic (in dollars per share) $ 0.94 $ 0.66 $ 2.96 $ 1.93
Diluted (in dollars per share) $ 0.94 $ 0.66 $ 2.95 $ 1.93
Weighted Average Common Shares Outstanding:        
Basic (in shares) 10,833,875 10,966,645 10,907,721 10,983,729
Diluted (in shares) 10,836,293 10,969,901 10,911,372 10,988,090
Fiduciary and Trust [Member]        
Noninterest Income:        
Noninterest Income $ 1,311,000 $ 1,054,000 $ 3,757,000 $ 3,019,000
Deposit Account [Member]        
Noninterest Income:        
Noninterest Income 664,000 618,000 1,916,000 1,880,000
Financial Service, Other [Member]        
Noninterest Income:        
Noninterest Income 1,147,000 996,000 3,644,000 2,888,000
Mortgage Banking [Member]        
Noninterest Income:        
Noninterest Income $ 989,000 $ 1,030,000 $ 3,449,000 $ 2,472,000