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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Interest Income      
Loans $ 205,751 $ 186,269 $ 204,964
Investment securities and other 21,226 12,404 12,739
Total Interest Income 226,977 198,673 217,703
Interest Expense      
Deposits 20,676 13,102 32,431
Securities sold under reverse repurchase agreements 324 37 31
Short-term borrowings, overnight FHLBank borrowings and other interest-bearing liabilities 1,066   644
Subordinated debentures issued to capital trust 875 448 628
Subordinated notes 4,422 7,165 6,831
Total Interest Expense 27,363 20,752 40,565
Net Interest Income 199,614 177,921 177,138
Provision (Credit) for Credit Losses on Loans 3,000 (6,700) 15,871
Provision for Unfunded Commitments 3,187 939 0
Net Interest Income After Provision (Credit) for Credit Losses and Provision for Unfunded Commitments 193,427 183,682 161,267
Non-interest Income      
Commissions 1,208 1,263 892
Overdraft and insufficient funds fees 7,872 6,686 6,481
Point-of-sale and ATM fee income and service charges 15,705 15,029 12,203
Net gain on loan sales 2,584 9,463 8,089
Net realized gain (loss) on sales of available-for-sale securities (130)   78
Late charges and fees on loans 1,182 1,434 1,419
Gain (loss) on derivative interest rate products 321 312 (264)
Other income 5,399 4,130 6,152
Total Noninterest Income 34,141 38,317 35,050
Non-interest Expense      
Salaries and employee benefits 75,300 70,290 70,810
Net occupancy and equipment expense 28,471 29,163 27,582
Postage 3,379 3,164 3,069
Insurance 3,197 3,061 2,405
Advertising 3,261 3,072 2,631
Office supplies and printing 867 848 1,016
Telephone 3,170 3,458 3,794
Legal, audit and other professional fees 6,330 6,555 2,378
Expense on other real estate and repossessions 359 627 2,023
Acquired deposit intangible asset amortization 768 863 1,154
Other operating expenses 8,264 6,534 6,363
Total Noninterest Expense 133,366 127,635 123,225
Income Before Income Taxes 94,202 94,364 73,092
Provision for Income Taxes 18,254 19,737 13,779
Net Income $ 75,948 $ 74,627 $ 59,313
Earnings Per Common Share      
Basic $ 6.07 $ 5.50 $ 4.22
Diluted 6.02 5.46 4.21
Dividends Declared Per Common Share $ 1.56 $ 1.40 $ 2.36