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Consolidated Statements of Income and Comprehensive Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Interest and fees on loans:      
Taxable $ 82,493 $ 83,683 $ 82,488
Tax-exempt 3,957 3,736 4,309
Interest and dividends on investment securities:      
Taxable 5,464 5,334 4,435
Tax-exempt 1,731 1,178 1,878
Dividends 74 97 84
Interest on interest-bearing deposits in other banks 8 31 65
Interest on federal funds sold 330 66 122
Total interest income 94,057 94,125 93,381
Interest expense:      
Interest on deposits 7,310 11,739 14,995
Interest on short-term borrowings 78 848 1,642
Interest on long-term debt 260 702 1,231
Interest on subordinated debt 1,774 1,035  
Total interest expense 9,422 14,324 17,868
Net interest income 84,635 79,801 75,513
Provision for loan losses 1,750 7,400 6,100
Net interest income after provision for loan losses 82,885 72,401 69,413
Noninterest income:      
Mortgage banking income 975 1,595 600
Increase in cash surrender value of life insurance 889 774 755
Interest rate swap revenue 759 2,321 1,790
Net gain (loss) on equity investment securities 2 (6) 132
Net gain on sale of investment securities available-for-sale   918 23
Gain on sale of Visa Class B shares 12,153    
Total noninterest income 25,636 16,642 15,120
Noninterest expense:      
Salaries and employee benefits expense 29,736 30,135 31,374
Net occupancy and equipment expense 12,848 12,840 11,911
Amortization of intangible assets 491 606 730
Professional fees and outside services 2,137 2,091 1,758
FDIC insurance and assessments 1,117 873 651
Donations 1,435 1,357 1,441
Other expenses 7,240 6,966 7,777
Total noninterest expense 55,004 54,868 55,642
Income before income taxes 53,517 34,175 28,891
Income tax expense 9,998 4,821 3,155
Net income 43,519 29,354 25,736
Other comprehensive income (loss):      
Unrealized gain (loss) on investment securities available-for-sale (11,487) 8,779 5,109
Reclassification adjustment for net gain on sales included in net income   (918) (23)
Change in benefit plan liabilities 2,109 (1,398) 639
Change in derivative fair value (322) 315 441
Other comprehensive income (loss) (9,700) 6,778 6,166
Income tax expense (benefit) (2,037) 1,424 1,295
Other comprehensive income (loss), net of income taxes (7,663) 5,354 4,871
Comprehensive income $ 35,856 $ 34,708 $ 30,607
Net income:      
Basic $ 6.05 $ 4.02 $ 3.48
Diluted $ 6.02 $ 4.00 $ 3.47
Average common shares outstanding:      
Basic 7,196,160 7,304,956 7,395,429
Diluted 7,235,303 7,337,843 7,412,369
Dividends declared $ 1.50 $ 1.44 $ 1.37
Service charges, fees and commissions      
Noninterest income:      
Revenue from contracts with customers $ 6,169 $ 6,809 $ 7,236
Merchant services income      
Noninterest income:      
Revenue from contracts with customers 879 824 973
Commission and fees on fiduciary activities      
Noninterest income:      
Revenue from contracts with customers 2,273 2,125 2,087
Wealth management income      
Noninterest income:      
Revenue from contracts with customers $ 1,537 $ 1,282 $ 1,524