XML 19 R5.htm IDEA: XBRL DOCUMENT v3.22.0.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Fee Revenue and Other Income:      
Fee revenues $ 108,694 $ 98,908 $ 109,339
Gains on sales of securities 51 1,075 19
Other 946 458 711
Total fee revenue and other income 109,691 100,441 110,069
Interest Income:      
Interest and fees on loans 35,178 37,665 36,461
Interest and dividends on securities:      
Taxable 2,547 1,692 2,497
Exempt from federal income taxes 7,046 7,104 7,839
Interest on federal funds sold and other short-term investments 726 1,226 5,812
Total interest income 45,497 47,687 52,609
Interest Expense:      
Interest on deposits 1,171 2,360 5,191
Interest on short-term borrowings 0 2 2
Total interest expense 1,171 2,362 5,193
Net interest income 44,326 45,325 47,416
Provision for (release of) credit losses (130) 810 250
Net interest income after (release of) provision for credit losses 44,456 44,515 47,166
Total net revenue 154,147 144,956 157,235
Operating Expense:      
Personnel 92,155 88,062 91,083
Occupancy 3,824 3,739 3,918
Equipment 6,745 6,568 6,140
Amortization of intangible assets 859 859 563
Other operating 16,743 15,387 18,065
Total operating expense 120,326 114,615 119,769
Income before income tax expense 33,821 30,341 37,466
Income tax expense 5,217 5,165 7,062
Net income $ 28,604 $ 25,176 $ 30,404
Basic Earnings Per Share (in dollars per share) $ 2.03 $ 1.75 $ 2.11
Diluted Earnings Per Share (in dollars per share) $ 2.00 $ 1.73 $ 2.07
Information services payment and processing revenue      
Fee Revenue and Other Income:      
Fee revenues $ 106,455 $ 97,204 $ 107,953
Bank service fees      
Fee Revenue and Other Income:      
Fee revenues $ 2,239 $ 1,704 $ 1,386