Quarterly report [Sections 13 or 15(d)]

CONSOLIDATED STATEMENTS OF INCOME

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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
INTEREST INCOME    
Loans, including Fees $ 40,478 $ 40,683
Investment Securities:    
Taxable Securities 5,802 4,238
Tax Exempt Securities 6 6
Federal Funds Sold and Interest Bearing Deposits 3,496 1,893
Total Interest Income 49,782 46,820
INTEREST EXPENSE    
Deposits 7,383 7,594
Short-Term Borrowings 281 240
Subordinated Notes Payable 560 628
Other Long-Term Borrowings 11 3
Total Interest Expense 8,235 8,465
NET INTEREST INCOME 41,547 38,355
Provision for Credit Losses 768 920
Net Interest Income After Provision for Credit Losses 40,779 37,435
NONINTEREST INCOME    
Other 1,749 1,667
Total Noninterest Income 19,907 18,097
NONINTEREST EXPENSE    
Compensation 26,248 24,407
Occupancy, Net 6,793 6,994
Other 5,660 8,770
Total Noninterest Expense 38,701 40,171
INCOME BEFORE INCOME TAXES 21,985 15,361
Income Tax Expense 5,127 3,536
NET INCOME 16,858 11,825
Loss Attributable to Noncontrolling Interests 0 732
NET INCOME ATTRIBUTABLE TO COMMON SHAREOWNERS $ 16,858 $ 12,557
BASIC NET INCOME PER SHARE (in dollars per shares) $ 0.99 $ 0.74
DILUTED NET INCOME PER SHARE (in dollars per shares) $ 0.99 $ 0.74
Average Basic Shares Outstanding 17,027 16,951
Average Diluted Shares Outstanding 17,044 16,969
Deposit fees [Member]    
NONINTEREST INCOME    
Noninterest income $ 5,061 $ 5,250
Bank card fees [Member]    
NONINTEREST INCOME    
Noninterest income 3,514 3,620
Wealth Management fees [Member]    
NONINTEREST INCOME    
Noninterest income 5,763 4,682
Mortgage Banking Revenues [Member]    
NONINTEREST INCOME    
Noninterest income $ 3,820 $ 2,878