v3.25.2
Consolidated Condensed Statement of Income (Unaudited) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
INTEREST AND DIVIDEND INCOME        
Interest income - loans including fees $ 47,050,000 $ 46,513,000 $ 93,758,000 $ 91,530,000
Taxable securities 7,384,000 6,813,000 14,480,000 13,227,000
Tax exempt securities 2,377,000 2,455,000 4,828,000 5,090,000
Dividends 462,000 322,000 1,003,000 684,000
Federal funds sold and other interest income 429,000 743,000 939,000 1,369,000
TOTAL INTEREST AND DIVIDEND INCOME 57,702,000 56,846,000 115,008,000 111,900,000
INTEREST EXPENSE        
Deposits 20,240,000 20,160,000 39,957,000 38,549,000
Short-term borrowings 1,536,000 3,584,000 3,954,000 7,524,000
Long-term borrowings 1,005,000 1,036,000 1,980,000 2,074,000
TOTAL INTEREST EXPENSE 22,781,000 24,780,000 45,891,000 48,147,000
NET INTEREST INCOME 34,921,000 32,066,000 69,117,000 63,753,000
Provision for credit losses 3,586,000 1,395,000 3,608,000 1,125,000
(Credit) for unfunded commitments (38,000) (283,000) (264,000) (462,000)
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 31,373,000 30,954,000 65,773,000 63,090,000
NONINTEREST INCOME        
Bank owned life insurance income 832,000 652,000 1,642,000 1,359,000
Security gains (losses), including fair value changes for equity securities 36,000 (124,000) (1,278,000) (2,244,000)
Net gains on sale of loans 329,000 417,000 655,000 714,000
Other mortgage banking income, net 27,000 192,000 174,000 317,000
Other operating income 1,204,000 162,000 2,384,000 1,273,000
Total noninterest income 12,122,000 9,606,000 22,603,000 17,963,000
NONINTEREST EXPENSES        
Salaries and employee benefits 14,722,000 14,558,000 30,888,000 29,627,000
Occupancy and equipment 4,119,000 3,815,000 8,258,000 7,545,000
FDIC insurance and state and local taxes 1,262,000 1,185,000 2,524,000 2,530,000
Professional fees 1,026,000 1,194,000 2,223,000 2,448,000
Advertising 454,000 445,000 910,000 876,000
Intangible amortization 735,000 630,000 1,469,000 1,318,000
Core processing charges 1,401,000 1,099,000 2,798,000 2,234,000
Other operating expenses 3,456,000 3,477,000 6,631,000 6,864,000
TOTAL NONINTEREST EXPENSES (27,175,000) (26,403,000) (55,701,000) (53,442,000)
INCOME BEFORE INCOME TAXES 16,320,000 14,157,000 32,675,000 27,611,000
INCOME TAXES 2,410,000 2,374,000 5,187,000 4,588,000
NET INCOME $ 13,910,000 $ 11,783,000 $ 27,488,000 $ 23,023,000
EARNINGS PER SHARE - basic (in dollars per share) $ 0.37 $ 0.32 $ 0.73 $ 0.62
EARNINGS PER SHARE - diluted (in dollars per share) $ 0.37 $ 0.31 $ 0.73 $ 0.61
Deposit Account [Member]        
NONINTEREST INCOME        
Noninterest revenue $ 1,749,000 $ 1,846,000 $ 3,507,000 $ 3,429,000
Fiduciary and Trust [Member]        
NONINTEREST INCOME        
Noninterest revenue 2,596,000 2,345,000 5,237,000 4,854,000
Insurance Agency Commissions [Member]        
NONINTEREST INCOME        
Noninterest revenue 1,828,000 1,255,000 3,569,000 2,783,000
Retirement Plan Consulting [Member]        
NONINTEREST INCOME        
Noninterest revenue 783,000 623,000 1,581,000 1,241,000
Investment Commissions [Member]        
NONINTEREST INCOME        
Noninterest revenue 721,000 478,000 1,250,000 910,000
Credit and Debit Card [Member]        
NONINTEREST INCOME        
Noninterest revenue $ 2,017,000 $ 1,760,000 $ 3,882,000 $ 3,327,000