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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
INTEREST AND DIVIDEND INCOME    
Loans, including fees $ 70,246,000 $ 71,186,000
Securities:    
Taxable 9,799,000 5,423,000
Tax-exempt 1,144,000 543,000
Dividends 104,000 230,000
Other 5,756,000 777,000
Total Interest Income 87,049,000 78,159,000
INTEREST EXPENSE    
Deposits 2,561,000 5,012,000
Short-term borrowings 77,000 39,000
Long-term borrowings 986,000 1,864,000
Total Interest Expense 3,624,000 6,915,000
Net Interest Income 83,425,000 71,244,000
PROVISION FOR LOAN LOSSES 0 50,000
Net Interest Income after Provision for Loan Losses 83,425,000 71,194,000
OTHER INCOME    
Commissions from insurance sales 8,307,000 6,151,000
Earnings on investment in bank-owned life insurance 1,532,000 1,408,000
Gain on life insurance proceeds 0 101,000
Net losses on sales or calls of securities (234,000) 0
Net gains on sales of low income housing partnership 421,000 0
Net (losses) gains on equity securities (298,000) 439,000
Other 1,044,000 1,218,000
Total Other Income 21,807,000 22,776,000
OTHER EXPENSES    
Salaries and employee benefits 35,979,000 36,816,000
Net occupancy 4,076,000 4,114,000
Equipment 6,612,000 6,175,000
Other tax 1,632,000 1,572,000
Professional services 2,086,000 1,304,000
Supplies and postage 823,000 718,000
Marketing and corporate relations 299,000 287,000
FDIC and regulatory 1,128,000 960,000
Intangible assets amortization 1,492,000 1,164,000
Other operating 6,154,000 5,841,000
Total Other Expenses 60,281,000 58,951,000
Income Before Income Taxes 44,951,000 35,019,000
PROVISION FOR INCOME TAXES 9,199,000 7,185,000
Net Income $ 35,752,000 $ 27,834,000
PER SHARE DATA    
Basic earnings $ 4.15 $ 3.19
Cash dividends declared $ 1.06 $ 1.03
Service charges on deposit accounts    
OTHER INCOME    
Revenue from contract with customer, excluding assessed tax $ 4,066,000 $ 3,510,000
Income from fiduciary, investment management and brokerage activities    
OTHER INCOME    
Revenue from contract with customer, excluding assessed tax 3,160,000 3,169,000
Income from mortgage loans held for sale    
OTHER INCOME    
Revenue from contract with customer, excluding assessed tax 487,000 3,393,000
Service charges on ATM and debit card transactions    
OTHER INCOME    
Revenue from contract with customer, excluding assessed tax $ 3,322,000 $ 3,387,000