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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Interest and dividend income      
Loans $ 107,797 $ 95,236 $ 107,085
Securities and other 18,729 15,568 19,019
Total interest and dividend income 126,526 110,804 126,104
Interest expense      
Deposits 7,344 8,543 18,043
Borrowings 5,501 6,688 8,881
Total interest expense 12,845 15,231 26,924
Net interest income 113,681 95,573 99,180
Provision for credit losses 2,904 (1,302) 5,625
Net interest income after provision for credit losses 110,777 96,875 93,555
Non-interest income      
Trust and investment management fee income 14,573 15,179 13,378
Customer service fees 14,791 13,212 11,327
Gain on sales of securities, net 53 2,870 5,445
Mortgage banking income 1,580 6,536 6,884
Bank-owned life insurance income 2,000 2,179 2,007
Customer derivative income 310 1,010 2,503
Other income 2,014 1,275 1,412
Total non-interest income 35,321 42,261 42,956
Non-interest expense      
Salaries and employee benefits 48,657 47,117 48,920
Occupancy and equipment 17,575 16,356 16,751
Gain on sales of premises and equipment, net 10 378 (32)
Outside services 1,578 1,943 1,985
Professional services 1,612 1,756 2,060
Communication 880 912 892
Marketing 1,561 1,541 1,385
Amortization of intangible assets 932 940 1,024
Loss on debt extinguishment   2,851 1,351
Acquisition, conversion and other expenses 266 1,667 5,801
Provision for unfunded commitments 1,758 177 45
Other expenses 16,424 14,870 14,678
Total non-interest expense 91,253 90,508 94,860
Income before income taxes 54,845 48,628 41,651
Income tax expense 11,288 9,329 8,407
Net income $ 43,557 $ 39,299 $ 33,244
Earnings per share:      
Basic (in dollars per share) $ 2.90 $ 2.63 $ 2.18
Diluted (in dollars per share) $ 2.88 $ 2.61 $ 2.18
Weighted average common shares outstanding:      
Basic (in shares) 15,040,162 14,968,973 15,245,728
Diluted (in shares) 15,111,961 15,045,162 15,271,547