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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Interest and dividend income      
Loans, including fees $ 89,570 $ 87,777 $ 84,972
Taxable securities 5,473 5,359 6,584
Tax-exempt securities 6,250 6,123 5,647
Federal funds sold and other 449 606 851
Total interest and dividend income 101,742 99,865 98,054
Interest expense      
Deposits 4,175 6,881 8,057
Federal Home Loan Bank advances 1,163 1,932 3,452
Subordinated debentures 955 945 1,423
Securities sold under agreements to repurchase and other 24 380 22
Total interest expense 6,317 10,138 12,954
Net interest income 95,425 89,727 85,100
Provision for loan losses 830 10,112 1,035
Net interest income after provision for loan losses 94,595 79,615 84,065
Noninterest income      
Service charges 5,905 5,288 6,395
Net gain on sale of securities 1,786 94 32
Net gain (loss) on equity securities 186 (57) 121
Net gain on sale of loans 8,042 8,563 2,707
ATM/Interchange fees 5,443 4,472 4,056
Wealth management fees 4,857 3,981 3,670
Bank owned life insurance 1,200 977 1,007
Tax refund processing fees 2,375 2,375 2,750
Computer center item processing fees 175 252 273
Swap fees 207 1,459 516
Other 1,276 778 916
Total Noninterest Income 31,452 28,182 22,443
Noninterest expense      
Compensation expense 44,690 42,480 39,156
Net occupancy expense 4,213 4,079 3,835
Equipment expense 1,838 2,006 2,246
Contracted data processing 1,725 1,880 1,831
FDIC Assessment 1,056 728 138
State franchise tax 2,184 1,913 1,843
Professional services 2,715 2,795 2,844
Amortization of intangible assets 890 913 945
ATM/Interchange expense 2,314 1,868 1,887
Marketing expense 1,103 1,074 1,411
Software maintenance expenses 2,755 1,833 1,523
Other operating expenses 13,001 9,096 9,288
Total noninterest expense 78,484 70,665 66,947
Income before income taxes 47,563 37,132 39,561
Income taxes 7,017 4,940 5,683
Net income 40,546 32,192 33,878
Preferred stock dividends 0 0 647
Net income available to common shareholders $ 40,546 $ 32,192 $ 33,231
Earnings per common share, basic $ 2.63 $ 2.00 $ 2.12
Earnings per common share, diluted $ 2.63 $ 2.00 $ 2.01