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Summarized Quarterly Financial Information (Tables) | 12 Months Ended
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Dec. 31, 2021
Quarterly Financial Information Disclosure [Abstract] |
Summary Of Selected Quarterly Financial Information | A summary of selected quarterly financial information (unaudited) is presented below (in thousands, except for per share data):
| First Quarter |  | Second Quarter |  | Third Quarter |  | Fourth Quarter
2021 |  |  |  |  |  |  |
Interest income | $ | 40,937 |  |  | $ | 40,499 |  |  | $ | 41,558 |  |  | $ | 42,473 |
Taxable equivalent adjustment | 331 |  |  | 343 |  |  | 334 |  |  | 325 |
Interest income (FTE) | 41,268 |  |  | 40,842 |  |  | 41,892 |  |  | 42,798 |
Interest expense | 3,397 |  |  | 2,585 |  |  | 2,070 |  |  | 1,842 |
Net interest income | 37,871 |  |  | 38,257 |  |  | 39,822 |  |  | 40,956 |
Recovery of credit losses | (440) |  |  | (2,000) |  |  | (725) |  |  | — |
Non-interest income | 16,630 |  |  | 17,448 |  |  | 17,947 |  |  | 17,616 |
Non-interest expense | 29,809 |  |  | 29,574 |  |  | 29,178 |  |  | 28,624 |
Income before income tax expense | 25,132 |  |  | 28,131 |  |  | 29,316 |  |  | 29,948 |
Income tax expense | 4,987 |  |  | 5,640 |  |  | 6,250 |  |  | 6,237 |
Taxable equivalent adjustment | (331) |  |  | (343) |  |  | (334) |  |  | (325) |
Net income available to common shareholders | $ | 19,814 |  |  | $ | 22,148 |  |  | $ | 22,732 |  |  | $ | 23,386 |
Net earnings allocated to common shareholders | $ | 19,635 |  |  | $ | 21,942 |  |  | $ | 22,499 |  |  | $ | 23,161 |
Basic earnings per common share | $ | 1.25 |  |  | $ | 1.41 |  |  | $ | 1.47 |  |  | $ | 1.54 |
Diluted earnings per common share | 1.25 |  |  | 1.41 |  |  | 1.47 |  |  | 1.54 |
Average common shares outstanding: |  |  |  |  |  |  |
Basic | 15,656 |  |  | 15,573 |  |  | 15,279 |  |  | 15,026 |
Diluted | 15,687 |  |  | 15,594 |  |  | 15,302 |  |  | 15,056 |
2020 |  |  |  |  |  |  |
Interest income | $ | 48,217 |  |  | $ | 44,312 |  |  | $ | 43,231 |  |  | $ | 42,499 |
Taxable equivalent adjustment | 188 |  |  | 217 |  |  | 301 |  |  | 333 |
Interest income (FTE) | 48,405 |  |  | 44,529 |  |  | 43,532 |  |  | 42,832 |
Interest expense | 7,801 |  |  | 6,242 |  |  | 5,254 |  |  | 4,318 |
Net interest income | 40,604 |  |  | 38,287 |  |  | 38,278 |  |  | 38,514 |
Provision for credit losses | 7,972 |  |  | 1,250 |  |  | 1,026 |  |  | 474 |
Non-interest income | 33,343 |  | * | 14,631 |  |  | 16,985 |  |  | 17,721 |
Non-interest expense | 29,469 |  |  | 28,468 |  |  | 28,712 |  |  | 28,641 |
Income before income tax expense | 36,506 |  |  | 23,200 |  |  | 25,525 |  |  | 27,120 |
Income tax expense | 7,322 |  |  | 4,732 |  |  | 5,098 |  |  | 4,565 |
Taxable equivalent adjustment | (188) |  |  | (217) |  |  | (301) |  |  | (333) |
Net income available to common shareholders | $ | 28,996 |  |  | $ | 18,251 |  |  | $ | 20,126 |  |  | $ | 22,222 |
Net earnings allocated to common shareholders | $ | 28,736 |  |  | $ | 18,051 |  |  | $ | 19,929 |  |  | $ | 21,992 |
Basic earnings per common share | $ | 1.79 |  |  | $ | 1.12 |  |  | $ | 1.25 |  |  | $ | 1.40 |
Diluted earnings per common share | 1.78 |  |  | 1.12 |  |  | 1.25 |  |  | 1.40 |
Average common shares outstanding: |  |  |  |  |  |  |
Basic | 16,080 |  |  | 16,081 |  |  | 15,950 |  |  | 15,708 |
Diluted | 16,101 |  |  | 16,097 |  |  | 15,970 |  |  | 15,733 |
*During the first quarter of 2020, the Company sold the entirety of its Visa Inc. Class B common shares in a cash transaction which resulted in a pre-tax gain of $17.8 million, or $0.84 diluted per share on an after-tax basis.

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- Definition Tabular disclosure of quarterly financial data. Includes, but is not limited to, financial information for fiscal quarters, cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=124502072&loc=d3e1280-108306 + Details
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