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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Interest and dividend income:        
Loans, including fees $ 17,670,000 $ 14,655,000 $ 47,541,000 $ 43,964,000
Taxable securities 2,982,000 2,678,000 8,533,000 6,431,000
Tax exempt securities 267,000 265,000 805,000 792,000
Interest-earning deposits 80,000 35,000 116,000 131,000
Total interest and dividend income 20,999,000 17,633,000 56,995,000 51,318,000
Interest expense:        
Deposits 1,805,000 768,000 3,322,000 2,521,000
Borrowed funds 204,000 33,000 365,000 100,000
Total interest expense 2,009,000 801,000 3,687,000 2,621,000
Net interest income 18,990,000 16,832,000 53,308,000 48,697,000
Provision (credit) for loan losses 1,255,000 356,000 (1,634,000) (53,000)
Net interest income after provision for loan losses 17,735,000 16,476,000 54,942,000 48,750,000
Non-interest income:        
Changes in fair value of equity investments (93,000) 15,000 (448,000) 203,000
Net gains on sales of loans held for sale 7,000 242,000 106,000 884,000
Net gains (losses) on sales of other real estate owned 22,000 0 68,000 (18,000)
Income from bank-owned life insurance 12,000 13,000 34,000 39,000
Other 570,000 842,000 2,219,000 2,802,000
Total non-interest income 5,036,000 5,970,000 16,018,000 18,083,000
Non-interest expenses:        
Salaries and wages 6,550,000 6,259,000 18,829,000 18,058,000
Pension and other employee benefits 2,024,000 1,511,000 5,679,000 4,450,000
Other components of net periodic pension and postretirement benefits (413,000) (391,000) (1,224,000) (1,173,000)
Net occupancy 1,269,000 1,432,000 4,065,000 4,446,000
Furniture and equipment 493,000 409,000 1,340,000 1,185,000
Data processing 2,087,000 2,210,000 6,742,000 6,261,000
Professional services 442,000 542,000 1,627,000 1,531,000
Amortization of intangible assets 0 42,000 15,000 232,000
Marketing and advertising 266,000 162,000 726,000 572,000
Other real estate owned 12,000 7,000 (17,000) 24,000
FDIC insurance 389,000 356,000 987,000 1,075,000
Loan expense (64,000) 196,000 327,000 720,000
Other 1,522,000 1,365,000 4,491,000 3,923,000
Total non-interest expenses 14,577,000 14,100,000 43,587,000 41,304,000
Income before income tax expense 8,194,000 8,346,000 27,373,000 25,529,000
Income tax expense 1,741,000 1,700,000 6,029,000 5,558,000
Net income $ 6,453,000 $ 6,646,000 $ 21,344,000 $ 19,971,000
Weighted average shares outstanding, basic (in shares) 4,692 4,678 4,691 4,683
Weighted average shares outstanding, diluted (in shares) 4,692 4,678 4,691 4,683
Basic earnings per share (in dollars per share) $ 1.37 $ 1.42 $ 4.55 $ 4.26
Diluted earnings per share (in dollars per share) $ 1.37 $ 1.42 $ 4.55 $ 4.26
WMG fee income        
Non-interest income:        
Revenues from contracts with customer $ 2,403,000 $ 2,765,000 $ 7,788,000 $ 8,246,000
Service charges on deposit accounts        
Non-interest income:        
Revenues from contracts with customer 989,000 856,000 2,789,000 2,305,000
Interchange revenue from debit card transactions        
Non-interest income:        
Revenues from contracts with customer $ 1,126,000 $ 1,237,000 $ 3,462,000 $ 3,622,000