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Consolidated Condensed Statement of Income (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
INTEREST AND DIVIDEND INCOME        
Interest income - loans including fees $ 48,603,000 $ 46,989,000 $ 142,361,000 $ 138,519,000
Taxable securities 7,466,000 6,761,000 21,946,000 19,988,000
Tax exempt securities 2,372,000 2,456,000 7,200,000 7,546,000
Dividends 459,000 346,000 1,462,000 1,030,000
Federal funds sold and other interest income 466,000 1,371,000 1,405,000 2,740,000
TOTAL INTEREST AND DIVIDEND INCOME 59,366,000 57,923,000 174,374,000 169,823,000
INTEREST EXPENSE        
Deposits 20,372,000 21,547,000 60,329,000 60,096,000
Short-term borrowings 1,681,000 3,476,000 5,634,000 11,000,000
Long-term borrowings 1,006,000 1,024,000 2,986,000 3,098,000
TOTAL INTEREST EXPENSE 23,059,000 26,047,000 68,949,000 74,194,000
NET INTEREST INCOME 36,307,000 31,876,000 105,425,000 95,629,000
Provision (credit) for credit losses 1,501,000 6,807,000 5,109,000 7,932,000
(Credit) for unfunded commitments (82,000) 201,000 (346,000) (261,000)
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 34,888,000 24,868,000 100,662,000 87,958,000
NONINTEREST INCOME        
Bank owned life insurance income 852,000 688,000 2,494,000 2,046,000
Net gains on sale of loans 559,000 506,000 1,214,000 1,219,000
Other mortgage banking income (loss), net 192,000 (168,000) 366,000 150,000
Other operating income 954,000 2,619,000 3,336,000 3,892,000
Total noninterest income 11,430,000 12,340,000 34,032,000 30,302,000
Security (losses), including fair value changes for equity securities (927,000) (403,000) (2,205,000) (2,647,000)
NONINTEREST EXPENSES        
Salaries and employee benefits 15,992,000 14,874,000 46,880,000 44,501,000
Occupancy and equipment 4,370,000 3,968,000 12,627,000 11,512,000
FDIC insurance and state and local taxes 1,212,000 1,480,000 3,736,000 4,010,000
Professional fees 990,000 1,084,000 3,213,000 3,532,000
Advertising 466,000 435,000 1,376,000 1,312,000
Intangible amortization 718,000 629,000 2,188,000 1,947,000
Core processing charges 1,412,000 1,186,000 4,210,000 3,420,000
Other operating expenses 3,396,000 3,419,000 10,028,000 10,283,000
TOTAL NONINTEREST EXPENSES (31,679,000) (27,075,000) (87,381,000) (80,517,000)
INCOME BEFORE INCOME TAXES 14,639,000 10,133,000 47,313,000 37,743,000
INCOME TAXES 2,178,000 1,598,000 7,364,000 6,185,000
NET INCOME $ 12,461,000 $ 8,535,000 $ 39,949,000 $ 31,558,000
EARNINGS PER SHARE - basic (in dollars per share) $ 0.33 $ 0.23 $ 1.07 $ 0.85
EARNINGS PER SHARE - diluted (in dollars per share) $ 0.33 $ 0.23 $ 1.06 $ 0.84
System conversion/Acquisition related costs $ 3,123,000 $ 0 $ 3,123,000 $ 0
Deposit Account [Member]        
NONINTEREST INCOME        
Noninterest revenue 1,874,000 1,992,000 5,381,000 5,421,000
Fiduciary and Trust [Member]        
NONINTEREST INCOME        
Noninterest revenue 2,745,000 2,544,000 7,982,000 7,398,000
Insurance Agency Commissions [Member]        
NONINTEREST INCOME        
Noninterest revenue 1,395,000 1,416,000 4,964,000 4,199,000
Retirement Plan Consulting [Member]        
NONINTEREST INCOME        
Noninterest revenue 1,060,000 677,000 2,641,000 1,918,000
Investment Commissions [Member]        
NONINTEREST INCOME        
Noninterest revenue 658,000 476,000 1,908,000 1,386,000
Credit and Debit Card [Member]        
NONINTEREST INCOME        
Noninterest revenue $ 2,068,000 $ 1,993,000 $ 5,951,000 $ 5,320,000