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 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
INTEREST INCOME        
Loans, including Fees $ 37,477 $ 24,072 $ 72,357 $ 46,205
Investment Securities:        
Taxable 4,803 3,833 9,716 6,723
Tax Exempt 12 7 23 13
Funds Sold 2,782 1,408 6,893 1,817
Total Interest Income 45,074 29,320 88,989 54,758
INTEREST EXPENSE        
Deposits 4,008 266 6,496 490
Short-Term Borrowings 451 343 912 535
Subordinated Notes Payable 604 370 1,175 687
Other Long-Term Borrowings 5 8 11 17
Total Interest Expense 5,068 987 8,594 1,729
NET INTEREST INCOME 40,006 28,333 80,395 53,029
Provision for Credit Losses 2,219 1,542 5,349 1,542
Net Interest Income After Provision For Credit Losses 37,787 26,791 75,046 51,487
NONINTEREST INCOME        
Other 3,766 1,954 6,126 3,802
Total Noninterest Income 22,873 24,903 45,121 50,721
NONINTEREST EXPENSE        
Compensation 24,884 25,383 50,520 50,239
Occupancy, Net 6,820 6,075 13,582 12,168
Other 10,830 9,040 18,887 17,324
Total Noninterest Expense 42,534 40,498 82,989 79,731
INCOME BEFORE INCOME TAXES 18,126 11,196 37,178 22,477
Income Tax Expense 3,544 2,177 7,677 4,412
NET INCOME 14,582 9,019 29,501 18,065
(Income) Loss Attributable to Noncontrolling Interests (31) (306) 4 (897)
NET INCOME ATTRIBUTABLE TO COMMON SHAREOWNERS $ 14,551 $ 8,713 $ 29,505 $ 17,168
BASIC NET INCOME PER SHARE (in dollars per shares) $ 0.86 $ 0.51 $ 1.73 $ 1.01
DILUTED NET INCOME PER SHARE (in dollars per shares) $ 0.85 $ 0.51 $ 1.73 $ 1.01
Average Common Basic Shares Outstanding 17,002 16,949 17,009 16,940
Average Common Diluted Shares Outstanding 17,035 16,971 17,040 16,958
Deposit fees [Member]        
NONINTEREST INCOME        
Revenue, fees and commissions $ 5,326 $ 5,447 $ 10,565 $ 10,638
Bank card fees [Member]        
NONINTEREST INCOME        
Revenue, fees and commissions 3,795 4,034 7,521 7,797
Wealth Management fees [Member]        
NONINTEREST INCOME        
Revenue, fees and commissions 4,149 4,403 8,077 10,473
Mortgage Banking Revenues [Member]        
NONINTEREST INCOME        
Revenue, fees and commissions $ 5,837 $ 9,065 $ 12,832 $ 18,011