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Consolidated Condensed Statements of Income - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Interest Income        
Loans $ 56,567,000 $ 55,772,000 $ 111,808,000 $ 113,338,000
Investment securities:        
Taxable 5,328,000 3,939,000 9,938,000 6,720,000
Non-taxable 869,000 1,055,000 1,738,000 1,954,000
Interest-bearing deposits 120,000 42,000 166,000 108,000
FHLB stock dividends 174,000 56,000 233,000 115,000
Total interest income 63,058,000 60,864,000 123,883,000 122,235,000
Interest Expense        
Deposits 2,671,000 3,559,000 4,893,000 7,723,000
FHLB advances and other 527,000 12,000 540,000 12,000
Subordinated debentures 763,000 674,000 1,459,000 1,369,000
Notes payable 1,000 0 1,000 0
Total interest expense 3,962,000 4,245,000 6,893,000 9,104,000
Net interest income 59,096,000 56,619,000 116,990,000 113,131,000
Credit loss expense (benefit) - loans and leases 5,151,000 (3,631,000) 5,777,000 (11,145,000)
Credit loss expense - unfunded commitments 1,415,000 (288,000) 1,724,000 263,000
Net interest income after credit (benefit) loss expense 52,530,000 60,538,000 109,489,000 124,013,000
Non-interest Income        
Service fees and other charges 6,676,000 6,282,000 12,676,000 11,751,000
Insurance commissions 4,334,000 4,059,000 8,973,000 8,940,000
Mortgage banking income 1,948,000 2,157,000 6,200,000 12,691,000
Gain on sale of securities available for sale 0 1,469,000 0 1,985,000
Gain (loss) on equity securities (1,161,000) (808,000) (1,804,000) 802,000
Wealth management income 1,414,000 1,566,000 2,891,000 3,322,000
Income from Bank Owned Life Insurance 983,000 859,000 1,979,000 2,028,000
Other non-interest income 171,000 1,700,000 313,000 1,859,000
Total non-interest income 14,365,000 17,284,000 31,228,000 43,378,000
Non-interest Expense        
Compensation and benefits 22,334,000 21,046,000 47,875,000 43,044,000
Occupancy 3,494,000 3,837,000 7,194,000 7,949,000
FDIC insurance premium 802,000 522,000 1,395,000 1,420,000
Financial institutions tax 1,074,000 1,177,000 2,265,000 2,367,000
Data processing 3,442,000 3,334,000 6,777,000 6,716,000
Amortization of intangibles 1,380,000 1,575,000 2,818,000 3,197,000
Other non-interest expense 6,563,000 6,623,000 12,060,000 12,043,000
Total non-interest expense 39,089,000 38,114,000 80,384,000 76,736,000
Income before income taxes 27,806,000 39,708,000 60,333,000 90,655,000
Income tax expense 5,446,000 8,323,000 11,616,000 18,274,000
Net income $ 22,360,000 $ 31,385,000 $ 48,717,000 $ 72,381,000
Earnings per common share        
Basic $ 0.63 $ 0.84 $ 1.36 $ 1.94
Diluted $ 0.63 $ 0.84 $ 1.36 $ 1.94