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Consolidated Statements of Income and Comprehensive Income (Loss) (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Interest income        
Interest and fees on loans (includes YTD tax-exempt income of $582,000 for June 30, 2022 and $577,000 for June 30, 2021) $ 17,286 $ 14,840 $ 33,899 $ 29,959
Interest on deposits with other banks 62 12 71 24
Interest and dividends on investments (includes YTD tax-exempt income of $3,657,000 for June 30, 2022 and $3,894,000 for June 30, 2021) 4,083 3,689 7,994 7,511
     Total interest income 21,431 18,541 41,964 37,494
Interest expense        
Interest on deposits 2,401 1,948 4,026 4,146
Interest on borrowed funds 332 870 620 1,752
     Total interest expense 2,733 2,818 4,646 5,898
Net interest income 18,698 15,723 37,318 31,596
Provision for loan losses 450 525 900 1,050
Net interest income after provision for loan losses 18,248 15,198 36,418 30,546
Non-interest income        
Net securities gains (losses) (1) 45 1 164
Other operating income 679 688 1,347 1,245
     Total non-interest income 4,080 4,911 8,312 10,209
Non-interest expense        
Salaries and employee benefits 5,398 5,053 11,335 10,176
Occupancy expense 749 660 1,578 1,413
Furniture and equipment expense 1,239 1,185 2,474 2,400
FDIC insurance premiums 222 192 440 391
Amortization of identified intangibles 18 18 35 35
Other operating expense 2,546 2,388 4,960 4,955
     Total non-interest expense 10,172 9,496 20,822 19,370
Income before income taxes 12,156 10,613 23,908 21,385
Income tax expense 2,159 1,826 4,206 3,676
NET INCOME $ 9,997 $ 8,787 $ 19,702 $ 17,709
Basic earnings per common share (usd per share) $ 0.91 $ 0.81 $ 1.80 $ 1.63
Diluted earnings per common share (usd per share) $ 0.91 $ 0.80 $ 1.79 $ 1.61
Other comprehensive income (loss) net of tax        
Net unrealized gain (loss) on securities available for sale, net of taxes $ (12,734) $ 971 $ (31,077) $ (3,819)
Net unrealized gain on transferred securities, net of taxes 5 11 14 20
Net unrealized gain (loss) on cash flow hedging derivative instruments 146 (620) 146 2,849
Other comprehensive income (loss) (12,583) 362 (30,917) (950)
Comprehensive income (loss) (2,586) 9,149 (11,215) 16,759
Investment management and fiduciary income        
Non-interest income        
Non-interest income 1,229 1,152 2,426 2,217
Service charges on deposit accounts        
Non-interest income        
Non-interest income 467 382 904 719
Mortgage origination and servicing income, net of amortization        
Non-interest income        
Non-interest income 380 1,354 878 3,321
Debit card income        
Non-interest income        
Non-interest income $ 1,326 $ 1,290 $ 2,756 $ 2,543