v3.25.4
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Fee Revenue and Other Income:      
Fee revenues $ 107,997,000 $ 109,929,000 $ 106,072,000
Total fee revenue and other income 109,858,000 113,847,000 109,925,000
Interest Income:      
Interest and fees on loans 62,340,000 55,362,000 50,825,000
Interest and dividends on investment securities:      
Taxable 17,328,000 13,422,000 14,118,000
Exempt from federal income taxes 4,064,000 3,509,000 4,097,000
Interest on federal funds sold and other short-term investments 13,834,000 15,752,000 13,720,000
Total interest income 97,566,000 88,045,000 82,760,000
Interest Expense:      
Interest on deposits 16,318,000 20,258,000 16,150,000
Interest on short-term borrowings 8,000 0 116,000
Interest Expense, Operating 16,326,000 20,258,000 16,266,000
Net interest income 81,240,000 67,787,000 66,494,000
Provision for (release of) credit losses 348,000 447,000 (550,000)
Net interest income after provision for (release of) credit losses 80,892,000 67,340,000 67,044,000
Total net revenue 190,750,000 181,187,000 176,969,000
Operating Expense:      
Total personnel expenses 110,066,000 109,337,000 104,388,000
Occupancy 2,767,000 2,695,000 2,799,000
Equipment 9,917,000 8,101,000 6,895,000
Amortization of intangible assets 1,172,000 692,000 692,000
Other operating expense 30,069,000 29,070,000 27,731,000
Total operating expense 151,991,000 157,742,000 142,505,000
Income from continuing operations, before income tax expense 38,759,000 23,445,000 34,464,000
Income tax expense 7,647,000 4,887,000 6,574,000
Net income from continuing operations $ 31,112,000 $ 18,558,000 $ 27,890,000
Basic Earnings Per Share (in dollars per share) $ 2.66 $ 1.42 $ 2.22
Diluted Earnings Per Share (in dollars per share) $ 2.61 $ 1.39 $ 2.18
Bad debt expense $ (2,000,000) $ 7,847,000 $ 0
Salaries and commissions 80,710,000 80,371,000 76,097,000
Share-based compensation expense 4,186,000 3,052,000 4,007,000
Profit Sharing Expense 6,284,000 4,452,000 5,815,000
Net periodic pension cost 0 4,169,000 878,000
Other benefits 18,886,000 17,293,000 17,591,000
Gain (Loss) on Sale of Investments (3,534,000) (45,000) (173,000)
Revenue Not from Contract with Customer, Other 6,865,000 5,247,000 5,089,000
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent 4,004,000 610,000 2,169,000
Net income $ 35,116,000 $ 19,168,000 $ 30,059,000
Income (Loss) from Continuing Operations, Per Basic Share $ 2.36 $ 1.37 $ 2.06
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic Share 0.30 0.05 0.16
Income (Loss) from Continuing Operations, Per Diluted Share 2.31 1.35 2.02
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Diluted Share $ 0.30 $ 0.04 $ 0.16
Information Services      
Fee Revenue and Other Income:      
Fee revenues $ 106,527,000 $ 108,645,000 $ 105,009,000
Processing fees      
Fee Revenue and Other Income:      
Fee revenues 66,129,000 66,061,000 59,670,000
Financial fees      
Fee Revenue and Other Income:      
Fee revenues $ 40,398,000 $ 42,584,000 $ 45,339,000