v3.25.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
INTEREST INCOME    
Loans $ 73,071 $ 71,076
Investment securities and other 7,172 6,314
TOTAL INTEREST INCOME 80,243 77,390
INTEREST EXPENSE    
Deposits 24,600 27,637
Securities sold under reverse repurchase agreements 371 333
Short-term borrowings, overnight FHLBank borrowings and other interest-bearing liabilities 4,450 3,044
Subordinated debentures issued to capital trust 382 454
Subordinated notes 1,106 1,106
TOTAL INTEREST EXPENSE 30,909 32,574
NET INTEREST INCOME 49,334 44,816
PROVISION FOR CREDIT LOSSES ON LOANS 0 500
PROVISION (CREDIT) FOR UNFUNDED COMMITMENTS (348) 130
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES ON LOANS AND PROVISION (CREDIT) FOR UNFUNDED COMMITMENTS 49,682 44,186
NON-INTEREST INCOME    
Commissions 262 381
Overdraft and insufficient funds fees 1,215 1,289
Point-Of-Sale and ATM fee income and service charges 3,234 3,183
Net gains on loan sales 601 677
Late charges and fees on loans 243 167
Loss on derivative interest rate products (24) (13)
Other income 1,059 1,122
TOTAL NON-INTEREST INCOME 6,590 6,806
NON-INTEREST EXPENSE    
Salaries and employee benefits 20,129 19,656
Net occupancy and equipment expense 8,533 7,839
Postage 931 807
Insurance 1,165 1,144
Advertising 290 350
Office supplies and printing 266 267
Telephone 706 721
Legal, audit and other professional fees 1,038 1,725
Expense (income) on other real estate and repossessions (70) 61
Acquired intangible asset amortization 108 108
Other operating expenses 1,726 1,744
TOTAL NON-INTEREST EXPENSE 34,822 34,422
INCOME BEFORE INCOME TAXES 21,450 16,570
PROVISION FOR INCOME TAXES 4,290 3,163
NET INCOME $ 17,160 $ 13,407
Earnings Per Common Share    
Basic Earnings Per Common Share (in dollars per share) $ 1.47 $ 1.14
Diluted Earnings Per Common Share (in dollars per share) 1.47 1.13
Dividends Declared Per Common Share (in dollars per share) $ 0.4 $ 0.4