v3.26.1
Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Interest and Fee Income:    
Loans $ 9,879 $ 10,669
Equity securities 446 422
Debt securities available for sale 32,695 33,203
Debt securities held to maturity 8,494 8,494
Interest-bearing cash 4,256 6,703
Total Interest and Loan Fee Income 55,770 59,491
Interest Expense:    
Securities sold under repurchase agreements 206 167
Total Interest Expense 3,295 3,396
Net Interest and Loan Fee Income 52,475 56,095
Reversal of Provision for Credit Losses (300) (550)
Net Interest and Fee Income After Reversal of Provision for Credit Losses 52,775 56,645
Noninterest Income:    
Bank owned life insurance gains 0 102
Other noninterest income 427 733
Total Noninterest Income 9,607 10,321
Noninterest Expense:    
Salaries and related benefits 12,325 12,126
Occupancy and equipment 5,427 5,038
Outsourced data processing services 2,788 2,697
Limited partnership operating losses 1,110 915
Courier service 734 688
Professional fees 462 395
Other noninterest expense 3,065 3,268
Total Noninterest Expense 25,911 25,127
Income Before Income Taxes 36,471 41,839
Provision for income taxes 9,116 10,802
Net Income $ 27,355 $ 31,037
Average Common Shares Outstanding (in shares) 24,306 26,642
Average Diluted Common Shares Outstanding (in shares) 24,306 26,642
Per Common Share Data:    
Basic earnings (in dollars per share) $ 1.13 $ 1.16
Diluted earnings (in dollars per share) 1.13 1.16
Dividends paid (in dollars per share) $ 0.46 $ 0.44
Deposit Account [Member]    
Interest Expense:    
Deposits $ 3,089 $ 3,229
Noninterest Income:    
Noninterest income revenue 3,332 3,381
Credit Card, Merchant Discount [Member]    
Noninterest Income:    
Noninterest income revenue 2,739 2,733
Debit Card [Member]    
Noninterest Income:    
Noninterest income revenue 1,324 1,581
Fiduciary and Trust [Member]    
Noninterest Income:    
Noninterest income revenue 927 899
ATM Processing Fees [Member]    
Noninterest Income:    
Noninterest income revenue 450 463
Financial Service, Other [Member]    
Noninterest Income:    
Noninterest income revenue $ 408 $ 429