Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF INCOME (Unaudited)

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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
INTEREST INCOME    
Loans, including Fees $ 23,593 $ 22,616
Investment Securities:    
Taxable 2,996 3,387
Tax Exempt 19 126
Funds Sold 757 1,593
Total Interest Income 27,365 27,722
INTEREST EXPENSE    
Deposits 939 2,099
Short-Term Borrowings 132 35
Subordinated Notes Payable 471 608
Other Long-Term Borrowings 50 72
Total Interest Expense 1,592 2,814
NET INTEREST INCOME 25,773 24,908
Provision for Loan Losses 4,990 767
Net Interest Income After Provision For Loan Losses 20,783 24,141
NONINTEREST INCOME    
Other 1,778 1,606
Total Noninterest Income 15,478 12,552
NONINTEREST EXPENSE    
Compensation 19,736 16,349
Occupancy, Net 4,979 4,509
Other Real Estate Owned, Net (798) 363
Other 7,052 6,977
Total Noninterest Expense 30,969 28,198
INCOME BEFORE INCOME TAXES 5,292 8,495
Income Tax Expense 1,282 2,059
NET INCOME 4,010 6,436
Net Loss Attributable to Noncontrolling Interests 277 0
NET INCOME ATTRIBUTABLE TO COMMON SHAREOWNERS $ 4,287 $ 6,436
BASIC NET INCOME PER SHARE (in dollars per shares) $ 0.26 $ 0.38
DILUTED NET INCOME PER SHARE (in dollars per shares) $ 0.25 $ 0.38
Average Basic Common Shares Outstanding (in shares) 16,808 16,791
Average Diluted Common Shares Outstanding (in shares) 16,842 16,819
Deposit fees [Member]    
NONINTEREST INCOME    
Revenue, fees and commissions $ 5,015 $ 4,775
Bank card fees [Member]    
NONINTEREST INCOME    
Revenue, fees and commissions 3,051 2,855
Wealth Managment fees [Member]    
NONINTEREST INCOME    
Revenue, fees and commissions 2,604 2,323
Mortgage banking [Member]    
NONINTEREST INCOME    
Revenue, fees and commissions $ 3,030 $ 993