Quarterly report pursuant to Section 13 or 15(d)

BUSINESS AND BASIS OF PRESENTATION (Restatment Impact of Consolidated Statements of Income) (Details)

v3.23.4
BUSINESS AND BASIS OF PRESENTATION (Restatment Impact of Consolidated Statements of Income) (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
INTEREST INCOME        
Loans, including Fees $ 37,608 $ 24,268 $ 72,499 $ 46,697
Investment Securities:        
Taxable 4,803 3,833 9,716 6,723
Tax Exempt 12 7 23 13
Federal Funds Sold and Interest Bearing Deposits 2,782 1,408 6,893 1,817
Total Interest Income 45,205 29,516 89,131 55,250
INTEREST EXPENSE        
Deposits 4,008 266 6,496 490
Short-Term Borrowings 451 343 912 535
Subordinated Notes Payable 604 370 1,175 687
Other Long-Term Borrowings 5 8 11 17
Total Interest Expense 5,068 987 8,594 1,729
NET INTEREST INCOME 40,137 28,529 80,537 53,521
Provision for Credit Losses 2,197 1,692 5,296 1,724
Net Interest Income After Provision For Credit Losses 37,940 26,837 75,241 51,797
NONINTEREST INCOME        
Other 3,334 1,823 5,328 3,556
Total Noninterest Income 19,967 20,564 37,725 41,376
NONINTEREST EXPENSE        
Compensation 23,438 23,222 46,962 45,520
Occupancy, Net 6,820 6,075 13,582 12,168
Other 10,027 8,853 17,417 16,985
Total Noninterest Expense 40,285 38,150 77,961 74,673
INCOME BEFORE INCOME TAXES 17,622 9,251 35,005 18,500
Income Tax Expense 3,417 1,685 7,126 3,405
NET INCOME 14,205 7,566 27,879 15,095
(Income) Loss Attributable to Noncontrolling Interests (31) (306) 4 (897)
NET INCOME ATTRIBUTABLE TO COMMON SHAREOWNERS $ 14,174 $ 7,260 $ 27,883 $ 14,198
BASIC NET INCOME PER SHARE (in dollars per shares) $ 0.83 $ 0.43 $ 1.64 $ 0.84
DILUTED NET INCOME PER SHARE (in dollars per shares) $ 0.83 $ 0.43 $ 1.64 $ 0.84
Average Common Basic Shares Outstanding 17,002 16,949 17,009 16,940
Average Common Diluted Shares Outstanding 17,035 16,971 17,040 16,958
Deposit fees [Member]        
NONINTEREST INCOME        
Revenue, fees and commissions $ 5,326 $ 5,447 $ 10,565 $ 10,638
Bank card fees [Member]        
NONINTEREST INCOME        
Revenue, fees and commissions 3,795 4,034 7,521 7,797
Wealth Management fees [Member]        
NONINTEREST INCOME        
Revenue, fees and commissions 4,149 4,403 8,077 10,473
Mortgage Banking Revenues [Member]        
NONINTEREST INCOME        
Revenue, fees and commissions 3,363 4,857 6,234 8,912
Scenario Previously Reported [Member]        
INTEREST INCOME        
Loans, including Fees 37,477 24,072 72,357 46,205
Investment Securities:        
Taxable 4,803 3,833 9,716 6,723
Tax Exempt 12 7 23 13
Federal Funds Sold and Interest Bearing Deposits 2,782 1,408 6,893 1,817
Total Interest Income 45,074 29,320 88,989 54,758
INTEREST EXPENSE        
Deposits 4,008 266 6,496 490
Short-Term Borrowings 451 343 912 535
Subordinated Notes Payable 604 370 1,175 687
Other Long-Term Borrowings 5 8 11 17
Total Interest Expense 5,068 987 8,594 1,729
NET INTEREST INCOME 40,006 28,333 80,395 53,029
Provision for Credit Losses 2,219 1,542 5,349 1,542
Net Interest Income After Provision For Credit Losses 37,787 26,791 75,046 51,487
NONINTEREST INCOME        
Other 3,766 1,954 6,126 3,802
Total Noninterest Income 22,873 24,903 45,121 50,721
NONINTEREST EXPENSE        
Compensation 24,884 25,383 50,520 50,239
Occupancy, Net 6,820 6,075 13,582 12,168
Other 10,830 9,040 18,887 17,324
Total Noninterest Expense 42,534 40,498 82,989 79,731
INCOME BEFORE INCOME TAXES 18,126 11,196 37,178 22,477
Income Tax Expense 3,544 2,177 7,677 4,412
NET INCOME 14,582 9,019 29,501 18,065
(Income) Loss Attributable to Noncontrolling Interests (31) (306) 4 (897)
NET INCOME ATTRIBUTABLE TO COMMON SHAREOWNERS $ 14,551 $ 8,713 $ 29,505 $ 17,168
BASIC NET INCOME PER SHARE (in dollars per shares) $ 0.86 $ 0.51 $ 1.73 $ 1.01
DILUTED NET INCOME PER SHARE (in dollars per shares) $ 0.85 $ 0.51 $ 1.73 $ 1.01
Average Common Basic Shares Outstanding 17,002 16,949 17,009 16,940
Average Common Diluted Shares Outstanding 17,035 16,971 17,040 16,958
Scenario Previously Reported [Member] | Deposit fees [Member]        
NONINTEREST INCOME        
Revenue, fees and commissions $ 5,326 $ 5,447 $ 10,565 $ 10,638
Scenario Previously Reported [Member] | Bank card fees [Member]        
NONINTEREST INCOME        
Revenue, fees and commissions 3,795 4,034 7,521 7,797
Scenario Previously Reported [Member] | Wealth Management fees [Member]        
NONINTEREST INCOME        
Revenue, fees and commissions 4,149 4,403 8,077 10,473
Scenario Previously Reported [Member] | Mortgage Banking Revenues [Member]        
NONINTEREST INCOME        
Revenue, fees and commissions 5,837 $ 9,065 12,832 $ 18,011
Restatement Adjustment [Member]        
INTEREST INCOME        
Loans, including Fees 131   142  
Investment Securities:        
Taxable 0   0  
Tax Exempt 0   0  
Federal Funds Sold and Interest Bearing Deposits 0   0  
Total Interest Income 131   142  
INTEREST EXPENSE        
Deposits 0   0  
Short-Term Borrowings 0   0  
Subordinated Notes Payable 0   0  
Other Long-Term Borrowings 0   0  
Total Interest Expense 0   0  
NET INTEREST INCOME 131   142  
Provision for Credit Losses (22)   (53)  
Net Interest Income After Provision For Credit Losses 153   195  
NONINTEREST INCOME        
Other (432)   (798)  
Total Noninterest Income (2,906)   (7,396)  
NONINTEREST EXPENSE        
Compensation (1,446)   (3,558)  
Occupancy, Net 0   0  
Other (803)   (1,470)  
Total Noninterest Expense (2,249)   (5,028)  
INCOME BEFORE INCOME TAXES (504)   (2,173)  
Income Tax Expense (127)   (551)  
NET INCOME (377)   (1,622)  
(Income) Loss Attributable to Noncontrolling Interests 0   0  
NET INCOME ATTRIBUTABLE TO COMMON SHAREOWNERS $ (377)   $ (1,622)  
BASIC NET INCOME PER SHARE (in dollars per shares) $ (0.03)   $ (0.09)  
DILUTED NET INCOME PER SHARE (in dollars per shares) $ (0.02)   $ (0.09)  
Average Common Basic Shares Outstanding 0   0  
Average Common Diluted Shares Outstanding 0   0  
Restatement Adjustment [Member] | Deposit fees [Member]        
NONINTEREST INCOME        
Revenue, fees and commissions $ 0   $ 0  
Restatement Adjustment [Member] | Bank card fees [Member]        
NONINTEREST INCOME        
Revenue, fees and commissions 0   0  
Restatement Adjustment [Member] | Wealth Management fees [Member]        
NONINTEREST INCOME        
Revenue, fees and commissions 0   0  
Restatement Adjustment [Member] | Mortgage Banking Revenues [Member]        
NONINTEREST INCOME        
Revenue, fees and commissions $ (2,474)   $ (6,598)