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 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
INTEREST INCOME        
Loans, including Fees $ 24,582 $ 23,687 $ 47,932 $ 47,280
Investment Securities:        
Taxable 2,036 2,708 3,899 5,704
Tax Exempt 18 29 38 48
Funds Sold 200 88 413 845
Total Interest Income 26,836 26,512 52,282 53,877
INTEREST EXPENSE        
Deposits 208 218 416 1,157
Short-Term Borrowings 324 421 736 553
Subordinated Notes Payable 308 374 615 845
Other Long-Term Borrowings 16 41 37 91
Total Interest Expense 856 1,054 1,804 2,646
NET INTEREST INCOME 25,980 25,458 50,478 51,231
Provision for Credit Losses (571) 2,005 (1,553) 6,995
Net Interest Income After Provision For Credit Losses 26,551 23,453 52,031 44,236
NONINTEREST INCOME        
Other 1,748 1,350 3,470 2,905
Total Noninterest Income 26,473 30,199 56,299 45,677
NONINTEREST EXPENSE        
Compensation 25,378 23,658 51,442 43,394
Occupancy, Net 5,973 5,798 11,940 10,777
Other Real Estate Owned, Net (270) 116 (388) (682)
Pension Settlement 2,000 0 2,000 0
Other 9,042 7,731 17,605 14,783
Total Noninterest Expense 42,123 37,303 82,599 68,272
INCOME BEFORE INCOME TAXES 10,901 16,349 25,731 21,641
Income Tax Expense 2,059 2,950 4,846 4,232
NET INCOME 8,842 13,399 20,885 17,409
Pre-Tax Income Attributable to Noncontrolling Interests (1,415) (4,253) (3,952) (3,976)
NET INCOME ATTRIBUTABLE TO COMMON SHAREOWNERS $ 7,427 $ 9,146 $ 16,933 $ 13,433
BASIC NET INCOME PER SHARE (in dollars per shares) $ 0.44 $ 0.55 $ 1.00 $ 0.80
DILUTED NET INCOME PER SHARE (in dollars per shares) $ 0.44 $ 0.55 $ 1.00 $ 0.80
Average Common Basic Shares Outstanding 16,858 16,797 16,848 16,803
Average Common Diluted Shares Outstanding 16,885 16,839 16,874 16,844
Deposit fees [Member]        
NONINTEREST INCOME        
Revenue, fees and commissions $ 4,236 $ 3,756 $ 8,507 $ 8,771
Bank card fees [Member]        
NONINTEREST INCOME        
Revenue, fees and commissions 3,998 3,142 7,616 6,193
Wealth Managment fees [Member]        
NONINTEREST INCOME        
Revenue, fees and commissions 3,274 2,554 6,364 5,158
Mortgage banking [Member]        
NONINTEREST INCOME        
Revenue, fees and commissions $ 13,217 $ 19,397 $ 30,342 $ 22,650