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, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
INTEREST INCOME        
Loans, including Fees $ 41,138 $ 37,608 $ 81,821 $ 72,499
Investment Securities:        
Taxable 3,998 4,803 8,236 9,716
Tax Exempt 6 12 12 23
Funds Sold 3,624 2,782 5,517 6,893
Total Interest Income 48,766 45,205 95,586 89,131
INTEREST EXPENSE        
Deposits 8,579 4,008 16,173 6,496
Short-Term Borrowings 285 451 525 912
Subordinated Notes Payable 630 604 1,258 1,175
Other Long-Term Borrowings 3 5 6 11
Total Interest Expense 9,497 5,068 17,962 8,594
NET INTEREST INCOME 39,269 40,137 77,624 80,537
Provision for Credit Losses 1,204 2,197 2,124 5,296
Net Interest Income After Provision For Credit Losses 38,065 37,940 75,500 75,241
NONINTEREST INCOME        
Other 1,643 3,334 3,310 5,328
Total Noninterest Income 19,606 19,967 37,703 37,725
NONINTEREST EXPENSE        
Compensation 24,406 23,438 48,813 46,962
Occupancy, Net 6,997 6,820 13,991 13,582
Other 9,038 10,027 17,808 17,417
Total Noninterest Expense 40,441 40,285 80,612 77,961
INCOME BEFORE INCOME TAXES 17,230 17,622 32,591 35,005
Income Tax Expense 3,189 3,417 6,725 7,126
NET INCOME 14,041 14,205 25,866 27,879
Loss (Income) Attributable to Noncontrolling Interests 109 (31) 841 4
NET INCOME ATTRIBUTABLE TO COMMON SHAREOWNERS $ 14,150 $ 14,174 $ 26,707 $ 27,883
BASIC NET INCOME PER SHARE (in dollars per shares) $ 0.84 $ 0.83 $ 1.58 $ 1.64
DILUTED NET INCOME PER SHARE (in dollars per shares) $ 0.83 $ 0.83 $ 1.57 $ 1.64
Average Common Basic Shares Outstanding 16,931 17,002 16,941 17,009
Average Common Diluted Shares Outstanding 16,960 17,035 16,964 17,040
Deposit fees [Member]        
NONINTEREST INCOME        
Noninterest income $ 5,377 $ 5,326 $ 10,627 $ 10,565
Bank card fees [Member]        
NONINTEREST INCOME        
Noninterest income 3,766 3,795 7,386 7,521
Wealth Management fees [Member]        
NONINTEREST INCOME        
Noninterest income 4,439 4,149 9,121 8,077
Mortgage Banking Revenues [Member]        
NONINTEREST INCOME        
Noninterest income $ 4,381 $ 3,363 $ 7,259 $ 6,234