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, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
INTEREST INCOME        
Loans, including Fees $ 41,659 $ 39,344 $ 123,480 $ 111,845
Investment Securities:        
Taxable 4,149 4,550 12,385 14,265
Tax Exempt 6 11 18 35
Funds Sold and Interest Bearing Deposits 3,514 1,848 9,031 8,741
Total Interest Income 49,328 45,753 144,914 134,886
INTEREST EXPENSE        
Deposits 8,223 5,214 24,396 11,710
Short-Term Borrowings 273 630 798 1,542
Subordinated Notes Payable 610 625 1,868 1,800
Other Long-Term Borrowings 11 4 17 15
Total Interest Expense 9,117 6,473 27,079 15,067
NET INTEREST INCOME 40,211 39,280 117,835 119,819
Provision for Credit Losses 1,206 2,393 3,330 7,689
Net Interest Income After Provision For Credit Losses 39,005 36,887 114,505 112,130
NONINTEREST INCOME        
Other 1,641 1,765 4,951 7,093
Total Noninterest Income 19,513 16,728 57,216 54,452
NONINTEREST EXPENSE        
Compensation 25,800 23,003 74,613 69,965
Occupancy, Net 7,098 6,980 21,089 20,562
Other 10,023 9,122 27,831 26,539
Total Noninterest Expense 42,921 39,105 123,533 117,066
INCOME BEFORE INCOME TAXES 15,597 14,510 48,188 49,516
Income Tax Expense 2,980 3,004 9,705 10,130
NET INCOME 12,617 11,506 38,483 39,386
Loss Attributable to Noncontrolling Interests 501 1,149 1,342 1,153
NET INCOME ATTRIBUTABLE TO COMMON SHAREOWNERS $ 13,118 $ 12,655 $ 39,825 $ 40,539
BASIC NET INCOME PER SHARE (in dollars per shares) $ 0.77 $ 0.75 $ 2.35 $ 2.38
DILUTED NET INCOME PER SHARE (in dollars per shares) $ 0.77 $ 0.74 $ 2.35 $ 2.38
Average Common Basic Shares Outstanding 16,943 16,985 16,942 17,001
Average Common Diluted Shares Outstanding 16,979 17,025 16,966 17,031
Deposit fees [Member]        
NONINTEREST INCOME        
Noninterest income $ 5,512 $ 5,456 $ 16,139 $ 16,021
Bank card fees [Member]        
NONINTEREST INCOME        
Noninterest income 3,624 3,684 11,010 11,205
Wealth Management fees [Member]        
NONINTEREST INCOME        
Noninterest income 4,770 3,984 13,891 12,061
Mortgage Banking Revenues [Member]        
NONINTEREST INCOME        
Noninterest income $ 3,966 $ 1,839 $ 11,225 $ 8,072