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, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
INTEREST INCOME        
Loans, including Fees $ 25,885 $ 23,594 $ 73,817 $ 70,874
Investment Securities:        
Taxable 2,332 2,400 6,231 8,105
Tax Exempt 18 26 56 73
Funds Sold 285 146 698 991
Total Interest Income 28,520 26,166 80,802 80,043
INTEREST EXPENSE        
Deposits 210 190 626 1,347
Short-Term Borrowings 317 498 1,053 1,051
Subordinated Notes Payable 307 316 922 1,161
Other Long-Term Borrowings 14 40 51 131
Total Interest Expense 848 1,044 2,652 3,690
NET INTEREST INCOME 27,672 25,122 78,150 76,353
Provision for Credit Losses 0 1,308 (1,553) 8,303
Net Interest Income After Provision For Credit Losses 27,672 23,814 79,703 68,050
NONINTEREST INCOME        
Other 1,807 1,469 5,277 4,374
Total Noninterest Income 26,574 34,965 82,873 80,642
NONINTEREST EXPENSE        
Compensation 25,245 26,164 76,687 69,558
Occupancy, Net 6,032 5,906 17,972 16,683
Other Real Estate Owned, Net (1,126) 219 (1,514) (463)
Pension Plan Settlement Charge 500 0 2,500 0
Other 9,051 8,053 26,656 22,836
Total Noninterest Expense 39,702 40,342 122,301 108,614
INCOME BEFORE INCOME TAXES 14,544 18,437 40,275 40,078
Income Tax Expense 2,949 3,165 7,795 7,397
NET INCOME 11,595 15,272 32,480 32,681
Pre-Tax Income Attributable to Noncontrolling Interests (1,504) (4,875) (5,456) (8,851)
NET INCOME ATTRIBUTABLE TO COMMON SHAREOWNERS $ 10,091 $ 10,397 $ 27,024 $ 23,830
BASIC NET INCOME PER SHARE (in dollars per shares) $ 0.60 $ 0.62 $ 1.60 $ 1.42
DILUTED NET INCOME PER SHARE (in dollars per shares) $ 0.60 $ 0.62 $ 1.60 $ 1.42
Average Common Basic Shares Outstanding 16,875 16,771 16,857 16,792
Average Common Diluted Shares Outstanding 16,909 16,810 16,886 16,823
Deposit fees [Member]        
NONINTEREST INCOME        
Revenue, fees and commissions $ 5,075 $ 4,316 $ 13,582 $ 13,087
Bank card fees [Member]        
NONINTEREST INCOME        
Revenue, fees and commissions 3,786 3,389 11,402 9,582
Wealth Management fees [Member]        
NONINTEREST INCOME        
Revenue, fees and commissions 3,623 2,808 9,987 7,966
Mortgage banking [Member]        
NONINTEREST INCOME        
Revenue, fees and commissions $ 12,283 $ 22,983 $ 42,625 $ 45,633