Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF INCOME

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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
INTEREST INCOME    
Loans, including Fees $ 34,891 $ 22,429
Investment Securities:    
Taxable Securities 4,912 2,890
Tax Exempt Securities 12 6
Federal Funds Sold and Interest Bearing Deposits 4,111 409
Total Interest Income 43,926 25,734
INTEREST EXPENSE    
Deposits 2,488 224
Short-Term Borrowings 461 192
Subordinated Notes Payable 571 317
Other Long-Term Borrowings 6 9
Total Interest Expense 3,526 742
NET INTEREST INCOME 40,400 24,992
Provision for Credit Losses 3,099 32
Net Interest Income After Provision Forfor Credit Losses 37,301 24,960
NONINTEREST INCOME    
Other 1,994 1,733
Total Noninterest Income 17,758 20,812
NONINTEREST EXPENSE    
Compensation 23,524 22,298
Occupancy, Net 6,762 6,093
Other 7,389 8,132
Total Noninterest Expense 37,675 36,523
INCOME BEFORE INCOME TAXES 17,384 9,249
Income Tax Expense 3,710 1,720
NET INCOME 13,674 7,529
Loss (Income) Attributable to Noncontrolling Interests 35 (591)
NET INCOME ATTRIBUTABLE TO COMMON SHAREOWNERS $ 13,709 $ 6,938
BASIC NET INCOME PER SHARE (in dollars per shares) $ 0.81 $ 0.41
DILUTED NET INCOME PER SHARE (in dollars per shares) $ 0.80 $ 0.41
Average Basic Shares Outstanding 17,016,000 16,931,000
Average Diluted Shares Outstanding 17,045,000 16,946,000
Deposit fees [Member]    
NONINTEREST INCOME    
Revenue, fees and commissions $ 5,239 $ 5,191
Bank card fees [Member]    
NONINTEREST INCOME    
Revenue, fees and commissions 3,726 3,763
Wealth Management fees [Member]    
NONINTEREST INCOME    
Revenue, fees and commissions 3,928 6,070
Mortgage banking [Member]    
NONINTEREST INCOME    
Revenue, fees and commissions $ 2,871 $ 4,055