XML 14 R3.htm IDEA: XBRL DOCUMENT v3.25.3
Consolidated Condensed Statements Of Income - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Interest and dividend income:        
Interest and fees on loans $ 126,648,000 $ 120,203,000 $ 372,839,000 $ 346,732,000
Interest and dividends on:        
Obligations of U.S. Government, its agencies and other securities 5,644,000 10,228,000 19,467,000 33,077,000
Interest Income, Securities, State and Municipal 1,520,000 1,381,000 4,292,000 4,173,000
Other interest income 5,140,000 1,996,000 11,050,000 5,370,000
Total interest and dividend income 138,952,000 133,808,000 407,648,000 389,352,000
Interest on deposits:        
Demand and savings deposits 20,499,000 22,762,000 57,990,000 62,987,000
Time deposits 5,501,000 7,073,000 18,092,000 21,936,000
Interest on borrowings:        
Short-term borrowings 305,000 492,000 896,000 2,767,000
Long-term debt 1,630,000 2,367,000 6,285,000 7,088,000
Total interest expense 27,935,000 32,694,000 83,263,000 94,778,000
Net interest income 111,017,000 101,114,000 324,385,000 294,574,000
Provision for credit losses 4,030,000 5,315,000 7,639,000 10,608,000
Net interest income after provision for credit losses 106,987,000 95,799,000 316,746,000 283,966,000
Noninterest Income [Abstract]        
Debit card fee income 6,604,000 6,539,000 19,300,000 19,362,000
Bank owned life insurance income 1,559,000 2,057,000 4,833,000 6,251,000
ATM Fees 371,000 471,000 1,073,000 1,425,000
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement 0 5,783,000 0 5,783,000
Gains (Losses) on Sales of Other Real Estate 50,000 2,000 (152,000) 115,000
Debt Securities, Available-for-Sale, Gain (Loss) 0 0 0 (398,000)
Gain on equity securities, net (549,000) 1,557,000 1,069,000 1,228,000
Other components of net periodic benefit income 2,344,000 2,204,000 7,032,000 6,612,000
Other 2,586,000 1,904,000 3,538,000 4,631,000
Total other income 30,574,000 36,530,000 88,506,000 91,524,000
Other expense:        
Salaries and employee benefits 38,644,000 38,370,000 113,420,000 110,057,000
Employee Benefits and Share-based Compensation 9,892,000 10,162,000 29,516,000 31,595,000
Occupancy expense 3,242,000 3,731,000 10,030,000 9,887,000
Furniture and equipment expense 2,219,000 2,571,000 6,754,000 7,608,000
Data processing fees 11,531,000 11,764,000 33,081,000 30,114,000
Professional fees and services 7,475,000 7,842,000 22,177,000 20,681,000
Marketing 1,507,000 1,464,000 4,330,000 4,369,000
Insurance 1,468,000 1,640,000 4,821,000 5,135,000
Communication 1,239,000 955,000 3,382,000 2,993,000
Excise and Sales Taxes 1,182,000 1,116,000 3,718,000 3,355,000
Amortization of Intangible Assets 248,000 287,000 795,000 927,000
Foundation contributions 0 2,000,000 0 2,000,000
Other expense 816,000 3,779,000 4,580,000 9,377,000
Total other expense 79,463,000 85,681,000 236,604,000 238,098,000
Income before income taxes 58,098,000 46,648,000 168,648,000 137,392,000
Income taxes 10,940,000 8,431,000 31,214,000 24,602,000
Net income $ 47,158,000 $ 38,217,000 $ 137,434,000 $ 112,790,000
Net income available to common shareholders        
Basic $ 2.93 $ 2.37 $ 8.53 $ 6.99
Diluted $ 2.92 $ 2.35 $ 8.48 $ 6.95
Weighted average common shares outstanding        
Basic 16,071,347 16,151,640 16,120,213 16,139,335
Diluted 16,173,271 16,264,393 16,209,261 16,231,766
Cash dividends declared $ 1.07 $ 1.06 $ 3.21 $ 3.18
Fiduciary and Trust [Member]        
Noninterest Income [Abstract]        
Revenue from Contract with Customer, Including Assessed Tax $ 11,315,000 $ 10,615,000 $ 33,931,000 $ 31,367,000
Deposit Account [Member]        
Noninterest Income [Abstract]        
Revenue from Contract with Customer, Including Assessed Tax 2,578,000 2,362,000 7,499,000 6,682,000
Bank Servicing [Member]        
Noninterest Income [Abstract]        
Revenue from Contract with Customer, Including Assessed Tax $ 3,716,000 $ 3,036,000 $ 10,383,000 $ 8,466,000