Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF INCOME (Unaudited)

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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
INTEREST INCOME    
Loans, including Fees $ 23,350 $ 23,593
Investment Securities:    
Taxable Securities 1,863 2,996
Tax Exempt Securities 20 19
Federal Funds Sold and Interest Bearing Deposits 213 757
Total Interest Income 25,446 27,365
INTEREST EXPENSE    
Deposits 208 939
Short-Term Borrowings 412 132
Subordinated Notes Payable 307 471
Other Long-Term Borrowings 21 50
Total Interest Expense 948 1,592
NET INTEREST INCOME 24,498 25,773
Provision for Credit Losses (982) 4,990
Net Interest Income After Provision For Credit Losses 25,480 20,783
NONINTEREST INCOME    
Other 1,722 1,555
Total Noninterest Income 29,826 15,478
NONINTEREST EXPENSE    
Compensation 26,064 19,736
Occupancy, Net 5,967 4,979
Other Real Estate Owned, Net (118) (798)
Other 8,563 7,052
Total Noninterest Expense 40,476 30,969
INCOME BEFORE INCOME TAXES 14,830 5,292
Income Tax Expense 2,787 1,282
NET INCOME 12,043 4,010
Pre-Tax Income Attributable to Noncontrolling Interests (2,537) 277
NET INCOME ATTRIBUTABLE TO COMMON SHAREOWNERS $ 9,506 $ 4,287
BASIC NET INCOME PER SHARE (in dollars per shares) $ 0.56 $ 0.25
DILUTED NET INCOME PER SHARE (in dollars per shares) $ 0.56 $ 0.25
Average Common Basic Shares Outstanding 16,838 16,808
Average Common Diluted Shares Outstanding 16,862 16,842
Deposit fees [Member]    
NONINTEREST INCOME    
Revenue, fees and commissions $ 4,271 $ 5,015
Bank card fees [Member]    
NONINTEREST INCOME    
Revenue, fees and commissions 3,618 3,051
Wealth Managment fees [Member]    
NONINTEREST INCOME    
Revenue, fees and commissions 3,090 2,604
Mortgage banking [Member]    
NONINTEREST INCOME    
Revenue, fees and commissions $ 17,125 $ 3,253