XML 17 R4.htm IDEA: XBRL DOCUMENT v3.22.4
Consolidated Statements of Income - USD ($)
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Interest income      
Loans, including fees $ 166,848,000 $ 135,048,000 $ 137,399,000
Securities, taxable 7,603,000 5,127,000 7,740,000
Securities, tax-exempt 2,734,000 2,386,000 2,298,000
Other interest-earning assets 4,654,000 933,000 876,000
Total interest income 181,839,000 143,494,000 148,313,000
Interest expense      
Deposits 10,037,000 9,114,000 14,984,000
Short-term borrowings 294,000 170,000 173,000
Federal Home Loan Bank advances 7,125,000 8,177,000 8,571,000
Subordinated debentures and other borrowings 6,139,000 1,971,000 2,339,000
Total interest expense 23,595,000 19,432,000 26,067,000
Net interest income 158,244,000 124,062,000 122,246,000
Provision (benefit) for credit losses 6,550,000 (4,300,000) 14,050,000
Net interest income after provision for credit losses 151,694,000 128,362,000 108,196,000
Noninterest income:      
Mortgage banking activities 8,664,000 29,959,000 29,346,000
Interest rate swap program fees 3,488,000 6,862,000 932,000
Payroll processing 2,178,000 1,815,000 1,745,000
Earnings on bank owned life insurance 1,678,000 1,164,000 1,214,000
Gain on sale of branch 0 1,058,000 0
Other income 1,901,000 2,768,000 1,384,000
Total noninterest income 32,077,000 56,220,000 45,172,000
Noninterest expense      
Salaries and benefits 65,124,000 66,447,000 59,799,000
Occupancy 8,362,000 8,088,000 7,950,000
Furniture and equipment rent, depreciation and maintenance 3,614,000 3,654,000 3,350,000
Data processing 12,359,000 11,104,000 10,440,000
Advertising 1,445,000 1,175,000 1,292,000
FDIC insurance costs 1,239,000 1,820,000 1,138,000
Charitable foundation contributions 1,514,000 4,020,000 0
Other expense 14,324,000 14,558,000 14,551,000
Total noninterest expenses 107,981,000 110,866,000 98,520,000
Income before federal income tax expense 75,790,000 73,716,000 54,848,000
Federal income tax expense 14,727,000 14,695,000 10,710,000
Net income $ 61,063,000 $ 59,021,000 $ 44,138,000
Earnings per common share:      
Basic (in dollars per share) $ 3.85 $ 3.69 $ 2.71
Diluted (in dollars per share) $ 3.85 $ 3.69 $ 2.71
Service Charges on Deposit and Sweep Accounts [Member]      
Noninterest income:      
Noninterest revenue $ 5,952,000 $ 5,078,000 $ 4,578,000
Credit and Debit Card [Member]      
Noninterest income:      
Noninterest revenue $ 8,216,000 $ 7,516,000 $ 5,973,000