XML 24 R5.htm IDEA: XBRL DOCUMENT v3.22.4
Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Interest income      
Loans $ 93,528 $ 84,227 $ 87,492
Investment securities - taxable 10,237 6,622 10,458
Investment securities - tax-exempt 4,115 2,493 1,566
Short term investments 774 353 115
Total interest income 108,654 93,695 99,631
Interest expense      
Deposits 6,337 4,199 12,009
Securities sold under agreements to repurchase 44 31 85
FHLB advances and other borrowings 630 482 1,924
Subordinated notes 2,013 2,009 2,006
Total interest expense 9,024 6,721 16,024
Net interest income 99,630 86,974 83,607
Provision for loan losses 4,160 1,090 5,325
Net interest income after provision for loan losses 95,470 85,884 78,282
Noninterest income      
Service charges on deposit accounts 3,826 3,047 2,874
Interchange income 4,055 4,129 3,423
Other service charges and fees 788 646 683
Swap fee income 2,632 293 847
Trust and investment management income 7,631 7,896 6,912
Brokerage income 3,620 3,571 2,821
Mortgage banking activities 407 5,909 5,274
Gain on sale of portfolio loans 0 0 2,803
Income from life insurance 2,339 2,273 2,261
Investment securities (losses) gains (160) 638 (16)
Other income 1,814 750 427
Total noninterest income 26,952 29,152 28,309
Noninterest expenses      
Salaries and employee benefits 48,004 44,002 43,350
Occupancy 4,729 4,731 4,760
Furniture and equipment 5,083 5,115 4,756
Data processing 4,560 4,061 3,574
Automated teller and interchange fees 1,287 1,202 1,057
Advertising and bank promotions 2,264 2,178 1,660
FDIC insurance 1,083 816 686
Professional services 3,254 2,555 3,120
Directors' compensation 938 865 921
Taxes other than income 1,391 1,321 1,144
Intangible asset amortization 1,105 1,275 1,569
Provision for legal settlement 13,000 0 0
Restructuring expenses 3,155 0 1,310
Insurance claim recovery 0 0 (486)
Other operating expenses 5,953 6,020 6,659
Total noninterest expenses 95,806 74,141 74,080
Income before income tax expense 26,616 40,895 32,511
Income tax expense 4,579 8,014 6,048
Net income $ 22,037 $ 32,881 $ 26,463
Per share information:      
Basic earnings per share (in dollars per share) $ 2.09 $ 3.00 $ 2.42
Diluted earnings per share (in dollars per share) 2.06 2.96 2.40
Dividends per share (in dollars per share) $ 0.76 $ 0.74 $ 0.68