Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF INCOME

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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
INTEREST INCOME        
Loans, including Fees $ 24,072 $ 24,582 $ 46,205 $ 47,932
Investment Securities:        
Taxable 3,833 2,036 6,723 3,899
Tax Exempt 7 18 13 38
Funds Sold 1,408 200 1,817 413
Total Interest Income 29,320 26,836 54,758 52,282
INTEREST EXPENSE        
Deposits 266 208 490 416
Short-Term Borrowings 343 324 535 736
Subordinated Notes Payable 370 308 687 615
Other Long-Term Borrowings 8 16 17 37
Total Interest Expense 987 856 1,729 1,804
NET INTEREST INCOME 28,333 25,980 53,029 50,478
Provision for Credit Losses 1,542 (571) 1,542 (1,553)
Net Interest Income After Provision For Credit Losses 26,791 26,551 51,487 52,031
NONINTEREST INCOME        
Other 1,954 1,748 3,802 3,470
Total Noninterest Income 24,903 26,473 50,721 56,299
NONINTEREST EXPENSE        
Compensation 25,383 25,378 50,239 51,442
Occupancy, Net 6,075 5,973 12,168 11,940
Other Real Estate Owned, Net (29) (270) (4) (388)
Pension Settlement 169 2,000 378 2,000
Other 8,900 9,042 16,950 17,605
Total Noninterest Expense 40,498 42,123 79,731 82,599
INCOME BEFORE INCOME TAXES 11,196 10,901 22,477 25,731
Income Tax Expense 2,177 2,059 4,412 4,846
NET INCOME 9,019 8,842 18,065 20,885
Income Attributable to Noncontrolling Interests (306) (1,415) (897) (3,952)
NET INCOME ATTRIBUTABLE TO COMMON SHAREOWNERS $ 8,713 $ 7,427 $ 17,168 $ 16,933
BASIC NET INCOME PER SHARE (in dollars per shares) $ 0.51 $ 0.44 $ 1.01 $ 1.00
DILUTED NET INCOME PER SHARE (in dollars per shares) $ 0.51 $ 0.44 $ 1.01 $ 1.00
Average Common Basic Shares Outstanding 16,949 16,858 16,940 16,848
Average Common Diluted Shares Outstanding 16,971 16,885 16,958 16,874
Deposit fees [Member]        
NONINTEREST INCOME        
Revenue, fees and commissions $ 5,447 $ 4,236 $ 10,638 $ 8,507
Bank card fees [Member]        
NONINTEREST INCOME        
Revenue, fees and commissions 4,034 3,998 7,797 7,616
Wealth Management fees [Member]        
NONINTEREST INCOME        
Revenue, fees and commissions 4,403 3,274 10,473 6,364
Mortgage banking [Member]        
NONINTEREST INCOME        
Revenue, fees and commissions $ 9,065 $ 13,217 $ 18,011 $ 30,342