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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Interest Income        
Loans, including fees $ 42,593 $ 34,986 $ 123,551 $ 99,187
Investment securities        
Taxable 4,596 6,146 14,008 18,222
Exempt from federal income taxes 169 182 512 558
Other 4,854 724 16,200 2,221
Total interest income 52,212 42,038 154,271 120,188
Interest Expense        
Deposits 22,285 14,436 63,721 36,218
Short-term borrowings 6,706 6,528 19,748 15,684
Long-term debt 679 679 2,041 1,999
Total interest expense 29,670 21,643 85,510 53,901
Net interest income 22,542 20,395 68,761 66,287
Provision for credit losses 1,661 0 6,150 550
Net interest income after provision for credit losses 20,881 20,395 62,611 65,737
Noninterest Income        
Other 2,474 1,693 5,891 5,475
Total noninterest income 28,363 28,407 81,057 79,439
Noninterest Expense        
Compensation 21,058 19,071 60,655 57,076
Employee taxes and benefits 5,400 4,895 16,722 15,472
Occupancy and equipment expense 2,082 1,883 5,803 5,619
Business services, software and technology expense 4,879 4,774 14,823 15,367
Intangible amortization expense 1,324 1,324 3,972 3,972
Professional fees and assessments 4,267 1,716 8,633 4,397
Marketing and business development 764 750 2,200 2,139
Supplies and postage 422 410 1,321 1,275
Travel 330 322 954 876
Mortgage and lending expenses 684 689 1,592 1,401
Other 1,237 1,426 3,543 3,909
Total noninterest expense 42,447 37,260 120,218 111,503
Income before income taxes 6,797 11,542 23,450 33,673
Income tax expense 1,590 2,381 5,604 7,222
Net income $ 5,207 $ 9,161 $ 17,846 $ 26,451
Per Common Share Data        
Basic earnings per common share (in dollars per share) $ 0.26 $ 0.46 $ 0.9 $ 1.31
Diluted earnings per common share (in dollars per share) 0.26 0.45 0.89 1.3
Dividends declared per common share (in dollars per share) $ 0.2 $ 0.19 $ 0.59 $ 0.56
Average common shares outstanding (in shares) 19,788 19,872 19,768 19,977
Diluted average common shares outstanding (in shares) 20,075 20,095 20,037 20,193
Retirement and Benefit Services [Member]        
Noninterest Income        
Revenue from Contract with Customer, Including Assessed Tax $ 16,144 $ 18,605 $ 47,876 $ 49,977
Wealth Management [Member]        
Noninterest Income        
Revenue from Contract with Customer, Including Assessed Tax 6,684 5,271 19,161 15,915
Mortgage Banking [Member]        
Noninterest Income        
Revenue from Contract with Customer, Including Assessed Tax 2,573 2,510 6,796 7,132
Deposit Account [Member]        
Noninterest Income        
Revenue from Contract with Customer, Including Assessed Tax $ 488 $ 328 $ 1,333 $ 940