XML 14 R4.htm IDEA: XBRL DOCUMENT v3.22.2.2
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Interest income:        
Interest and fees on loans $ 51,686 $ 51,104 $ 143,598 $ 146,202
Interest and dividends on investment securities:        
Taxable interest 6,933 6,210 20,937 15,763
Tax-exempt interest 805 470 2,428 1,330
Dividends 0 18 21 54
Interest on deposits in other banks 107 105 370 176
Dividends on Federal Home Loan Bank stock 138 62 265 184
Total interest income 59,669 57,969 167,619 163,709
Interest on deposits:        
Demand 217 101 473 280
Savings and money market 1,054 332 1,700 888
Time 1,092 428 2,051 1,514
Interest on short-term borrowings 660 0 662 2
Interest on long-term debt 1,281 1,022 3,455 3,074
Total interest expense 4,304 1,883 8,341 5,758
Net interest income 55,365 56,086 159,278 157,951
Provision (credit) for credit losses 362 (2,635) (1,844) (6,899)
Net interest income after provision (credit) for credit losses 55,003 58,721 161,122 164,850
Other operating income:        
Mortgage banking income 831 1,327 3,143 5,830
Service charges on deposit accounts 2,138 1,637 6,025 4,558
Other service charges and fees 4,955 4,942 14,053 13,351
Income from fiduciary activities 1,165 1,292 3,507 3,792
Net gain on sales of investment securities 0 100 8,506 150
Income from bank-owned life insurance 167 540 (322) 2,547
Other 373 415 1,406 1,266
Total other operating income 9,629 10,253 36,318 31,494
Other operating expense:        
Salaries and employee benefits 22,778 23,566 66,089 67,183
Net occupancy 4,743 4,185 12,965 12,004
Equipment 1,085 1,089 3,242 3,137
Communication 712 824 2,262 2,349
Legal and professional services 2,573 2,575 8,115 7,524
Computer software 4,138 2,998 10,844 10,179
Advertising 1,150 1,329 3,450 4,316
Other 4,819 4,779 18,585 13,932
Total other operating expense 41,998 41,345 125,552 120,624
Income before income taxes 22,634 27,629 71,888 75,720
Income tax expense 5,919 6,814 18,141 18,153
Net income $ 16,715 $ 20,815 $ 53,747 $ 57,567
Per common share data:        
Basic earnings per common share (in dollars per share) $ 0.61 $ 0.74 $ 1.96 $ 2.05
Diluted earnings per common share (in dollars per share) 0.61 0.74 1.94 2.03
Cash dividends declared (in dollars per share) $ 0.26 $ 0.24 $ 0.78 $ 0.71
Shares Used in Computation [Abstract]        
Basic shares (in shares) 27,356,614 27,967,089 27,487,237 28,082,632
Diluted shares (in shares) 27,501,212 28,175,953 27,666,197 28,316,574