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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Interest income:      
Interest and fees on loans $ 170,819 $ 147,898 $ 143,520
Interest and dividends on investment securities 24,541 19,091 17,464
Other interest income 747 216 315
Total interest income 196,107 167,205 161,299
Interest expense:      
Deposits 22,994 8,118 17,822
Short-term borrowings 1,500 120 1,604
Long-term borrowings 4,241 4,237 2,888
Total interest expense 28,735 12,475 22,314
Net interest income 167,372 154,730 138,985
Provision (benefit) for credit losses 13,311 (8,336) 27,184
Net interest income after provision (benefit) for credit losses 154,061 163,066 111,801
Noninterest income:      
Service charges on deposits 5,889 5,571 4,810
Insurance income 6,364 5,750 4,403
Card Interchange Income 8,205 8,498 7,281
Investment advisory 11,493 11,672 9,535
Company owned life insurance 5,542 2,947 1,902
Investments in limited partnerships 1,293 2,081 104
Loan servicing 507 415 249
Income from derivative instruments, net 1,919 2,695 5,521
Net gain on sale of loans held for sale 1,227 2,950 3,858
Net (loss) gain on investment securities (15) 71 1,599
Net (loss) gain on other assets (16) 441 (61)
Net loss on tax credit investments (815) (431) (275)
Other 4,678 4,246 4,250
Total noninterest income 46,271 46,906 43,176
Noninterest expense:      
Salaries and employee benefits 69,633 60,893 59,336
Occupancy and equipment 15,103 14,371 13,655
Professional services 5,592 6,535 6,326
Computer and data processing 17,638 14,112 11,645
Supplies and postage 1,943 1,769 1,975
FDIC assessments 2,440 2,624 2,242
Advertising and promotions 2,013 1,704 2,609
Amortization of intangibles 986 1,060 1,134
Restructuring charges 1,619 111 1,492
Other 12,395 9,571 8,840
Total noninterest expense 129,362 112,750 109,254
Income (loss) before income taxes 70,970 97,222 45,723
Income tax expense 14,397 19,525 7,391
Net income (loss) 56,573 77,697 38,332
Preferred stock dividends 1,459 1,460 1,461
Net income available to common shareholders $ 55,114 $ 76,237 $ 36,871
Earnings per common share (Note 20):      
Basic $ 3.58 $ 4.81 $ 2.30
Diluted 3.56 4.78 2.30
Cash dividends declared per common share $ 1.16 $ 1.08 $ 1.04
Weighted average common shares outstanding:      
Basic 15,384 15,841 16,022
Diluted 15,471 15,937 16,063