XML 20 R4.htm IDEA: XBRL DOCUMENT v3.23.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Interest and dividend income      
Loans, including fees $ 103,151 $ 89,570 $ 87,777
Taxable securities 9,123 5,473 5,359
Tax-exempt securities 7,859 6,250 6,123
Federal funds sold and other 1,120 449 606
Total interest and dividend income 121,253 101,742 99,865
Interest expense      
Deposits 3,840 4,175 6,881
Federal Home Loan Bank advances 3,076 1,163 1,932
Subordinated debentures 3,781 955 945
Securities sold under agreements to repurchase and other 352 24 380
Total interest expense 11,049 6,317 10,138
Net interest income 110,204 95,425 89,727
Provision for loan losses 1,752 830 10,112
Net interest income after provision for loan losses 108,452 94,595 79,615
Noninterest Income      
Service charges 7,074 5,905 5,288
Net gain on sale of securities 10 1,786 94
Net gain (loss) on equity securities 118 186 (57)
Net gain on sale of loans and leases 3,397 8,042 8,563
ATM/Interchange fees 5,499 5,443 4,472
Wealth management fees 4,902 4,857 3,981
Lease revenue & residual income 2,310    
Bank owned life insurance 984 1,200 977
Tax refund processing fees 2,375 2,375 2,375
Computer center item processing fees 72 175 252
Swap fees 247 207 1,459
Other 2,088 1,276 778
Total noninterest income 29,076 31,452 28,182
Noninterest expense      
Compensation expense 51,061 44,690 42,480
Net occupancy expense 4,701 4,213 4,079
Equipment expense 5,070 1,838 2,006
Contracted data processing 2,788 1,725 1,880
FDIC Assessment 797 1,056 728
State franchise tax 1,975 2,184 1,913
Professional services 5,388 2,715 2,795
Amortization of intangible assets 1,296 890 913
ATM/Interchange expense 2,248 2,314 1,868
Marketing expense 1,513 1,103 1,074
Software maintenance expenses 3,433 2,755 1,833
Other operating expenses 10,223 12,183 9,096
Total noninterest expense 90,493 77,666 70,665
Income before income taxes 47,035 48,381 37,132
Income taxes 7,608 7,835 4,940
Net income 39,427 40,546 32,192
Net income available to common shareholders $ 39,427 $ 40,546 $ 32,192
Earnings per common share, basic $ 2.60 $ 2.63 $ 2.00
Earnings per common share, diluted $ 2.60 $ 2.63 $ 2.00