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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Interest income:      
Interest and fees on loans $ 147,898 $ 143,520 $ 149,873
Interest and dividends on investment securities 19,091 17,464 18,532
Other interest income 216 315 395
Total interest income 167,205 161,299 168,800
Interest expense:      
Deposits 8,118 17,822 28,494
Short-term borrowings 120 1,604 7,923
Long-term borrowings 4,237 2,888 2,471
Total interest expense 12,475 22,314 38,888
Net interest income 154,730 138,985 129,912
(Benefit) provision for credit losses (8,336) 27,184 8,044
Net interest income after (benefit) provision for credit losses 163,066 111,801 121,868
Noninterest income:      
Service charges on deposits 5,571 4,810 7,241
Insurance income 5,750 4,403 4,570
Card Interchange Income 8,498 7,281 6,779
Investment advisory 11,672 9,535 9,187
Company owned life insurance 2,947 1,902 1,758
Investments in limited partnerships 2,081 104 352
Loan servicing 415 249 432
Income from derivative instruments, net 2,695 5,521 2,274
Net gain on sale of loans held for sale 2,950 3,858 1,352
Net gain on investment securities 71 1,599 1,677
Net (gain) loss on other assets 441 (61) 29
Net loss on tax credit investments (431) (275) (528)
Other 4,246 4,250 5,258
Total noninterest income 46,906 43,176 40,381
Noninterest expense:      
Salaries and employee benefits 60,893 59,336 56,330
Occupancy and equipment 14,371 13,655 13,552
Professional services 6,535 6,326 5,424
Computer and data processing 14,112 11,645 9,983
Supplies and postage 1,769 1,975 2,036
FDIC assessments 2,624 2,242 1,005
Advertising and promotions 1,704 2,609 3,577
Amortization of intangibles 1,060 1,134 1,250
Restructuring charges 111 1,492  
Other 9,571 8,840 9,671
Total noninterest expense 112,750 109,254 102,828
Income before income taxes 97,222 45,723 59,421
Income tax expense 19,525 7,391 10,559
Net income 77,697 38,332 48,862
Preferred stock dividends 1,460 1,461 1,461
Net income available to common shareholders $ 76,237 $ 36,871 $ 47,401
Earnings per common share (Note 20):      
Basic $ 4.81 $ 2.30 $ 2.97
Diluted 4.78 2.30 2.96
Cash dividends declared per common share $ 1.08 $ 1.04 $ 1.00
Weighted average common shares outstanding:      
Basic 15,841 16,022 15,972
Diluted 15,937 16,063 16,031