Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF INCOME

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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
INTEREST INCOME        
Loans, including Fees $ 27,761 $ 25,885 $ 73,966 $ 73,817
Investment Securities:        
Taxable 4,360 2,332 11,083 6,231
Tax Exempt 12 18 25 56
Funds Sold 3,231 285 5,048 698
Total Interest Income 35,364 28,520 90,122 80,802
INTEREST EXPENSE        
Deposits 1,052 210 1,542 626
Short-Term Borrowings 536 317 1,071 1,053
Subordinated Notes Payable 443 307 1,130 922
Other Long-Term Borrowings 6 14 23 51
Total Interest Expense 2,037 848 3,766 2,652
NET INTEREST INCOME 33,327 27,672 86,356 78,150
Provision for Credit Losses 2,099 0 3,641 (1,553)
Net Interest Income After Provision For Credit Losses 31,228 27,672 82,715 79,703
NONINTEREST INCOME        
Other 2,074 1,807 5,876 5,277
Total Noninterest Income 22,934 26,574 73,655 82,873
NONINTEREST EXPENSE        
Compensation 24,738 25,245 74,977 76,687
Occupancy, Net 6,153 6,032 18,321 17,972
Pension Plan Settlement Charge     480 2,500
Other 8,919 8,425 26,243 27,642
Total Noninterest Expense 39,810 39,702 119,541 122,301
INCOME BEFORE INCOME TAXES 14,352 14,544 36,829 40,275
Income Tax Expense 3,074 2,949 7,486 7,795
NET INCOME 11,278 11,595 29,343 32,480
Loss (Income) Attributable to Noncontrolling Interests 37 (1,504) (860) (5,456)
NET INCOME ATTRIBUTABLE TO COMMON SHAREOWNERS $ 11,315 $ 10,091 $ 28,483 $ 27,024
BASIC NET INCOME PER SHARE (in dollars per shares) $ 0.67 $ 0.60 $ 1.68 $ 1.60
DILUTED NET INCOME PER SHARE (in dollars per shares) $ 0.67 $ 0.60 $ 1.68 $ 1.60
Average Common Basic Shares Outstanding 16,960 16,875 16,947 16,857
Average Common Diluted Shares Outstanding 16,996 16,909 16,973 16,886
Deposit fees [Member]        
NONINTEREST INCOME        
Revenue, fees and commissions $ 5,947 $ 5,075 $ 16,585 $ 13,582
Bank card fees [Member]        
NONINTEREST INCOME        
Revenue, fees and commissions 3,860 3,786 11,657 11,402
Wealth Management fees [Member]        
NONINTEREST INCOME        
Revenue, fees and commissions 3,937 3,623 14,410 9,987
Mortgage banking [Member]        
NONINTEREST INCOME        
Revenue, fees and commissions $ 7,116 $ 12,283 $ 25,127 $ 42,625