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Consolidated Statements of Income and Comprehensive Income (Loss) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Interest and dividend income      
Interest and fees on loans (includes tax-exempt income of $1,181,000 in 2022, $1,102,000 in 2021, and $1,170,000 in 2020) $ 75,805 $ 62,195 $ 59,059
Interest on deposits with other banks 315 72 96
Interest and dividends on investments (includes tax-exempt income of $7,571,000 in 2022, $7,644,000 in 2021, and $7,617,000 in 2020) 16,915 14,814 17,964
Total interest and dividend income 93,035 77,081 77,119
Interest expense      
Interest on deposits 15,359 7,314 14,139
Interest on borrowed funds 1,510 3,464 3,147
Total interest expense 16,869 10,778 17,286
Net interest income 76,166 66,303 59,833
Provision (credit) for loan losses 1,750 (375) 6,050
Net interest income after provision (credit) for loan losses 74,416 66,678 53,783
Non-interest income      
Net securities gains 7 23 1,155
Other operating income 2,670 2,819 2,432
Non-interest income 16,874 19,383 18,119
Non-interest expense      
Salaries and employee benefits 23,316 21,152 20,388
Occupancy expense 3,052 2,841 2,762
Furniture and equipment expense 5,058 4,788 4,799
FDIC insurance premiums 1,068 824 738
Acquisition-related costs 0 0 310
Amortization of identified intangibles 69 69 43
Other operating expense 11,341 12,474 10,612
Total non-interest expense 43,904 42,148 39,652
Income before income taxes 47,386 43,913 32,250
Applicable tax expense 8,396 7,644 5,121
Net income $ 38,990 $ 36,269 $ 27,129
Basic earnings per common share (in usd per share) $ 3.56 $ 3.33 $ 2.50
Diluted earnings per common share (in usd per share) $ 3.53 $ 3.30 $ 2.48
Other comprehensive income (loss), net of tax      
Net unrealized gain (loss) on securities available for sale $ (43,000) $ (6,727) $ 1,352
Net unrealized gain on securities transferred from available for sale to held to maturity, net of amortization 23 46 49
Net gain (loss) on cash flow hedging derivative instruments 544 4,932 (5,029)
Net unrecognized gain on postretirement benefits 168 77 4
Other comprehensive loss (42,265) (1,672) (3,624)
Comprehensive income (loss) (3,275) 34,597 23,505
Fiduciary and investment management income      
Non-interest income      
Non-interest income 4,600 4,529 3,660
Service charges on deposit accounts      
Non-interest income      
Non-interest income 1,825 1,568 1,648
Mortgage origination and servicing income      
Non-interest income      
Non-interest income 1,424 5,236 5,085
Debit card income      
Non-interest income      
Non-interest income $ 6,348 $ 5,208 $ 4,139