Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF INCOME (Unaudited)

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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
INTEREST INCOME        
Loans, including Fees $ 23,594 $ 23,992 $ 70,874 $ 70,373
Investment Securities:        
Taxable 2,400 3,249 8,105 9,937
Tax Exempt 26 58 73 276
Federal Funds Sold and Interest Bearing Deposits 146 1,142 991 4,242
Total Interest Income 26,166 28,441 80,043 84,828
INTEREST EXPENSE        
Deposits 190 1,596 1,347 5,683
Short-Term Borrowings 498 27 1,051 93
Subordinated Notes Payable 316 558 1,161 1,762
Other Long-Term Borrowings 40 63 131 201
Total Interest Expense 1,044 2,244 3,690 7,739
NET INTEREST INCOME 25,122 26,197 76,353 77,089
Provision for Credit Losses 1,308 776 8,303 2,189
Net Interest Income After Provision For Credit Losses 23,814 25,421 68,050 74,900
NONINTEREST INCOME        
Other 1,469 1,391 4,374 4,372
Total Noninterest Income 34,965 13,903 80,642 39,225
NONINTEREST EXPENSE        
Compensation 26,164 16,203 69,558 48,989
Occupancy, Net 5,906 4,710 16,683 13,756
Other Real Estate Owned, Net 219 6 (463) 444
Other 8,053 6,954 22,836 21,278
Total Noninterest Expense 40,342 27,873 108,614 84,467
INCOME BEFORE INCOME TAXES 18,437 11,451 40,078 29,658
Income Tax Expense 3,165 2,970 7,397 7,416
NET INCOME 15,272 8,481 32,681 22,242
Pre-Tax Income Attributable to Noncontrolling Interests (4,875) 0 (8,851) 0
NET INCOME ATTRIBUTABLE TO COMMON SHAREOWNERS $ 10,397 $ 8,481 $ 23,830 $ 22,242
BASIC NET INCOME PER SHARE (in dollars per shares) $ 0.62 $ 0.51 $ 1.42 $ 1.33
DILUTED NET INCOME PER SHARE (in dollars per shares) $ 0.62 $ 0.50 $ 1.42 $ 1.32
Average Common Basic Shares Outstanding 16,771 16,747 16,792 16,776
Average Common Diluted Shares Outstanding 16,810 16,795 16,823 16,810
Deposit fees [Member]        
NONINTEREST INCOME        
Revenue, fees and commissions $ 4,316 $ 4,961 $ 13,087 $ 14,492
Bank card fees [Member]        
NONINTEREST INCOME        
Revenue, fees and commissions 3,389 2,972 9,582 8,863
Wealth Managment fees [Member]        
NONINTEREST INCOME        
Revenue, fees and commissions 2,808 2,992 7,966 7,719
Mortgage banking [Member]        
NONINTEREST INCOME        
Revenue, fees and commissions $ 22,983 $ 1,587 $ 45,633 $ 3,779