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Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Interest income        
Interest and fees on loans (includes tax-exempt income of $832,000 YTD September 30, 2021 and $899,000 YTD September 30, 2020) $ 15,905 $ 14,109 $ 45,864 $ 44,124
Interest on deposits with other banks 21 8 45 87
Interest and dividends on investments (includes tax-exempt income of $5,798,000 YTD September 30, 2021 and $5,649,000 YTD September 30, 2020) 3,662 4,389 11,173 13,775
     Total interest income 19,588 18,506 57,082 57,986
Interest expense        
Interest on deposits 1,650 2,866 5,796 11,613
Interest on borrowed funds 927 895 2,679 2,219
     Total interest expense 2,577 3,761 8,475 13,832
Net interest income 17,011 14,745 48,607 44,154
Provision for loan losses 525 1,800 1,575 4,550
Net interest income after provision for loan losses 16,486 12,945 47,032 39,604
Non-interest income        
Net securities gains (losses) (142) 0 22 1,179
Other operating income 607 543 1,852 1,636
     Total non-interest income 4,375 4,805 14,584 13,627
Non-interest expense        
Salaries and employee benefits 5,424 5,032 15,600 14,719
Occupancy expense 735 709 2,148 2,117
Furniture and equipment expense 1,135 1,184 3,535 3,438
FDIC insurance premiums 209 189 600 548
Amortization of identified intangibles 17 10 52 32
Other operating expense 2,412 2,152 7,367 8,382
     Total non-interest expense 9,932 9,276 29,302 29,236
Income before income taxes 10,929 8,474 32,314 23,995
Income tax expense 1,915 1,379 5,591 3,836
NET INCOME $ 9,014 $ 7,095 $ 26,723 $ 20,159
Basic earnings per common share (usd per share) $ 0.83 $ 0.65 $ 2.45 $ 1.86
Diluted earnings per common share (usd per share) $ 0.82 $ 0.65 $ 2.43 $ 1.84
Other comprehensive income (loss) net of tax        
Net unrealized gain (loss) on securities available for sale, net of taxes $ (1,817) $ (1,580) $ (5,636) $ 1,863
Net unrealized gain on transferred securities, net of taxes 14 7 34 43
Net unrealized gain (loss) on cash flow hedging derivative instruments, net of taxes 546 387 3,395 (5,897)
Other comprehensive loss (1,257) (1,186) (2,207) (3,991)
Comprehensive income 7,757 5,909 24,516 16,168
Investment management and fiduciary income        
Non-interest income        
Non-interest income 1,135 909 3,352 2,712
Service charges on deposit accounts        
Non-interest income        
Non-interest income 413 375 1,132 1,257
Mortgage origination and servicing income, net of amortization        
Non-interest income        
Non-interest income 1,030 1,914 4,351 3,802
Debit card income        
Non-interest income        
Non-interest income $ 1,332 $ 1,064 $ 3,875 $ 3,041