v3.25.2
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
INTEREST INCOME        
Loans, including Fees $ 40,872 $ 41,138 $ 81,350 $ 81,821
Investment Securities:        
Taxable 6,666 3,998 12,469 8,236
Tax Exempt 12 6 17 12
Funds Sold and Interest Bearing Deposits 3,909 3,624 7,405 5,517
Total Interest Income 51,459 48,766 101,241 95,586
INTEREST EXPENSE        
Deposits 7,405 8,579 14,788 16,173
Short-Term Borrowings 335 285 616 525
Subordinated Notes Payable 530 630 1,090 1,258
Other Long-Term Borrowings 5 3 16 6
Total Interest Expense 8,275 9,497 16,510 17,962
NET INTEREST INCOME 43,184 39,269 84,731 77,624
Provision for Credit Losses 620 1,204 1,388 2,124
Net Interest Income After Provision For Credit Losses 42,564 38,065 83,343 75,500
NONINTEREST INCOME        
Other 1,524 1,643 3,273 3,310
Total Noninterest Income 20,014 19,606 39,921 37,703
NONINTEREST EXPENSE        
Compensation 26,490 24,406 52,738 48,813
Occupancy, Net 7,071 6,997 13,864 13,991
Other 8,977 9,038 14,637 17,808
Total Noninterest Expense 42,538 40,441 81,239 80,612
INCOME BEFORE INCOME TAXES 20,040 17,230 42,025 32,591
Income Tax Expense 4,996 3,189 10,123 6,725
NET INCOME 15,044 14,041 31,902 25,866
Loss Attributable to Noncontrolling Interests 0 109 0 841
NET INCOME ATTRIBUTABLE TO COMMON SHAREOWNERS $ 15,044 $ 14,150 $ 31,902 $ 26,707
BASIC NET INCOME PER SHARE (in dollars per shares) $ 0.88 $ 0.84 $ 1.87 $ 1.58
DILUTED NET INCOME PER SHARE (in dollars per shares) $ 0.88 $ 0.83 $ 1.87 $ 1.57
Average Common Basic Shares Outstanding 17,056 16,931 17,042 16,941
Average Common Diluted Shares Outstanding 17,088 16,960 17,067 16,964
Deposit fees [Member]        
NONINTEREST INCOME        
Noninterest income $ 5,320 $ 5,377 $ 10,381 $ 10,627
Bank card fees [Member]        
NONINTEREST INCOME        
Noninterest income 3,774 3,766 7,288 7,386
Wealth Management fees [Member]        
NONINTEREST INCOME        
Noninterest income 5,206 4,439 10,969 9,121
Mortgage Banking Revenues [Member]        
NONINTEREST INCOME        
Noninterest income $ 4,190 $ 4,381 $ 8,010 $ 7,259