XML 21 R4.htm IDEA: XBRL DOCUMENT v3.24.0.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Interest and dividend income      
Loans $ 149,420 $ 107,797 $ 95,236
Securities and other 24,762 18,729 15,568
Total interest and dividend income 174,182 126,526 110,804
Interest expense      
Deposits 38,232 7,344 8,543
Borrowings 18,275 5,501 6,688
Total interest expense 56,507 12,845 15,231
Net interest income 117,675 113,681 95,573
Provision for credit losses 2,908 2,904 (1,302)
Net interest income after provision for credit losses 114,767 110,777 96,875
Non-interest income      
Trust and investment management fee income 14,283 14,573 15,179
Customer service fees 15,168 14,791 13,212
Gain on sales of securities, net 34 53 2,870
Mortgage banking income 1,587 1,580 6,536
Bank-owned life insurance income 2,699 2,000 2,179
Customer derivative income 409 310 1,010
Other income 1,649 2,014 1,275
Total non-interest income 35,829 35,321 42,261
Non-interest expense      
Salaries and employee benefits 52,516 48,657 47,117
Occupancy and equipment 17,584 17,575 16,356
Loss on sales of premises and equipment, net 182 10 378
Outside services 1,671 1,578 1,943
Professional services 1,586 1,612 1,756
Communication 697 880 912
Marketing 1,696 1,561 1,541
Amortization of intangible assets 932 932 940
Loss on debt extinguishment     2,851
Acquisition, conversion and other expenses 283 266 1,667
Provision for unfunded commitments (85) 1,758 177
Other expenses 16,417 16,424 14,870
Total non-interest expense 93,479 91,253 90,508
Income before income taxes 57,117 54,845 48,628
Income tax expense 12,265 11,288 9,329
Net income $ 44,852 $ 43,557 $ 39,299
Earnings per share:      
Basic (in dollars per share) $ 2.96 $ 2.90 $ 2.63
Diluted (in dollars per share) $ 2.95 $ 2.88 $ 2.61
Weighted average common shares outstanding:      
Basic (in shares) 15,142,188 15,040,162 14,968,973
Diluted (in shares) 15,195,236 15,111,961 15,045,162