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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Interest income:    
Interest and fees on loans $ 36,298 $ 37,059
Interest and dividends on investment securities 6,036 4,187
Other interest income 17 27
Total interest income 42,351 41,273
Interest expense:    
Deposits 1,705 2,235
Short-term borrowings 28 119
Long-term borrowings 1,060 1,062
Total interest expense 2,793 3,416
Net interest income 39,558 37,857
Provision (benefit) for credit losses (2,319) (1,981)
Net interest income after provision (benefit) for credit losses 37,239 39,838
Noninterest income:    
Service charges on deposits 1,369 1,292
Insurance income 2,097 1,396
Card interchange income 1,952 1,958
Investment advisory 3,041 2,772
Company owned life insurance 833 657
Investments in limited partnerships 795 855
Loan servicing 109 97
Income from derivative instruments, net 519 1,875
Net (loss) gain on sale of loans held for sale (91) 1,078
Net gain on investment securities 0 74
Net loss on other assets 0 (5)
Net loss on tax credit investments (227) (85)
Other 925 995
Total noninterest income 11,322 12,959
Noninterest expense:    
Salaries and employee benefits 16,616 14,465
Occupancy and equipment 3,756 3,382
Professional services 1,656 1,895
Computer and data processing 3,979 3,121
Supplies and postage 541 484
FDIC assessments 513 765
Advertising and promotions 380 324
Amortization of intangibles 254 271
Other 2,440 2,033
Total noninterest expense 30,135 26,740
Income before income taxes 18,426 26,057
Income tax expense 3,443 5,347
Net income 14,983 20,710
Preferred stock dividends 365 365
Net income available to common shareholders $ 14,618 $ 20,345
Earnings per common share (Note 4):    
Basic $ 0.94 $ 1.28
Diluted 0.93 1.27
Cash dividends declared per common share $ 0.29 $ 0.27