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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
INTEREST AND DIVIDEND INCOME    
Loans, including fees $ 71,186,000 $ 78,967,000
Securities:    
Taxable 5,423,000 4,927,000
Tax-exempt 543,000 470,000
Dividends 230,000 311,000
Other 777,000 615,000
Total Interest Income 78,159,000 85,290,000
INTEREST EXPENSE    
Deposits 5,012,000 10,318,000
Short-term borrowings 39,000 59,000
Long-term borrowings 1,864,000 1,845,000
Total Interest Expense 6,915,000 12,222,000
Net Interest Income 71,244,000 73,068,000
PROVISION FOR LOAN LOSSES 50,000 9,140,000
Net Interest Income after Provision for Loan Losses 71,194,000 63,928,000
OTHER INCOME    
Commissions from insurance sales 6,151,000 6,125,000
Earnings on investment in bank-owned life insurance 1,408,000 1,442,000
Gain on life insurance proceeds 101,000 0
Net gains (losses) on equity securities 439,000 (193,000)
Other 1,218,000 1,412,000
Total Other Income 22,776,000 20,090,000
OTHER EXPENSES    
Salaries and employee benefits 36,816,000 35,278,000
Net occupancy 4,114,000 3,681,000
Equipment 6,175,000 5,442,000
Other tax 1,572,000 1,208,000
Professional services 1,304,000 1,417,000
Supplies and postage 718,000 745,000
Marketing and corporate relations 287,000 561,000
FDIC and regulatory 960,000 616,000
Merger related expenses 0 5,965,000
Intangible assets amortization 1,164,000 1,264,000
Other operating 5,841,000 5,139,000
Total Other Expenses 58,951,000 61,316,000
Income Before Income Taxes 35,019,000 22,702,000
PROVISION FOR INCOME TAXES 7,185,000 4,308,000
Net Income $ 27,834,000 $ 18,394,000
PER SHARE DATA    
Basic earnings $ 3.19 $ 2.13
Cash dividends declared $ 1.03 $ 1.00
Service charges on deposit accounts    
OTHER INCOME    
Revenue from contract with customer, excluding assessed tax $ 3,510,000 $ 3,355,000
Income from fiduciary, investment management and brokerage activities    
OTHER INCOME    
Revenue from contract with customer, excluding assessed tax 3,169,000 2,672,000
Income from mortgage loans held for sale    
OTHER INCOME    
Revenue from contract with customer, excluding assessed tax 3,393,000 2,331,000
Service charges on ATM and debit card transactions    
OTHER INCOME    
Revenue from contract with customer, excluding assessed tax $ 3,387,000 $ 2,946,000