Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF INCOME

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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
INTEREST INCOME    
Loans, including Fees $ 22,133 $ 23,350
Investment Securities:    
Taxable Securities 2,890 1,863
Tax Exempt Securities 6 20
Federal Funds Sold and Interest Bearing Deposits 409 213
Total Interest Income 25,438 25,446
INTEREST EXPENSE    
Deposits 224 208
Short-Term Borrowings 192 412
Subordinated Notes Payable 317 307
Other Long-Term Borrowings 9 21
Total Interest Expense 742 948
NET INTEREST INCOME 24,696 24,498
Provision for Credit Losses 0 (982)
Net Interest Income After Provision For Credit Losses 24,696 25,480
NONINTEREST INCOME    
Other 1,848 1,722
Total Noninterest Income 25,818 29,826
NONINTEREST EXPENSE    
Compensation 24,856 26,064
Occupancy, Net 6,093 5,967
Other Real Estate Owned, Net 25 (118)
Pension Settlement 209 0
Other 8,050 8,563
Total Noninterest Expense 39,233 40,476
INCOME BEFORE INCOME TAXES 11,281 14,830
Income Tax Expense 2,235 2,787
NET INCOME 9,046 12,043
Income Attributable to Noncontrolling Interests (591) (2,537)
NET INCOME ATTRIBUTABLE TO COMMON SHAREOWNERS $ 8,455 $ 9,506
BASIC NET INCOME PER SHARE (in dollars per shares) $ 0.50 $ 0.56
DILUTED NET INCOME PER SHARE (in dollars per shares) $ 0.50 $ 0.56
Average Basic Shares Outstanding 16,931 16,838
Average Diluted Shares Outstanding 16,946 16,862
Deposit fees [Member]    
NONINTEREST INCOME    
Revenue, fees and commissions $ 5,191 $ 4,271
Bank card fees [Member]    
NONINTEREST INCOME    
Revenue, fees and commissions 3,763 3,618
Wealth Management fees [Member]    
NONINTEREST INCOME    
Revenue, fees and commissions 6,070 3,090
Mortgage banking [Member]    
NONINTEREST INCOME    
Revenue, fees and commissions $ 8,946 $ 17,125