Consolidated Condensed Statements of Income (Unaudited) - USD ($) |
3 Months Ended | ||||||||
|---|---|---|---|---|---|---|---|---|---|
Mar. 31, 2024 |
Mar. 31, 2023 |
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| Interest Income | |||||||||
| Loans | $ 87,597,000 | $ 76,057,000 | |||||||
| Investment securities: | |||||||||
| Taxable | 7,026,000 | 6,608,000 | |||||||
| Non-taxable | 576,000 | 653,000 | |||||||
| Interest-bearing deposits | 609,000 | 444,000 | |||||||
| FHLB stock dividends | 534,000 | 394,000 | |||||||
| Total interest income | 96,342,000 | 84,156,000 | | | |||||
| Interest Expense | |||||||||
| Deposits | 42,567,000 | 21,458,000 | |||||||
| FHLB advances and other | 3,039,000 | 5,336,000 | |||||||
| Subordinated debentures | 1,162,000 | 1,075,000 | |||||||
| Notes payable | 0 | 0 | |||||||
| Total interest expense | 46,768,000 | 27,869,000 | | ||||||
| Net interest income | 49,574,000 | 56,287,000 | | ||||||
| Credit loss expense - loans and leases | 560,000 | 3,944,000 | | | | | |||
| Credit loss (benefit) expense - unfunded commitments | (693,000) | (238,000) | | | | | |||
| Net interest income after credit loss expense (benefit) | 49,707,000 | 52,581,000 | | | | | |||
| Non-interest Income | | | | | |||||
| Service fees and other charges | 6,467,000 | 6,428,000 | | | | | |||
| Insurance commissions | 0 | 4,725,000 | | | | | |||
| Mortgage banking income (loss) | 2,350,000 | (274,000) | | | | | |||
| Gain on sale of non-mortgage loans | 67,000 | 0 | | | | | |||
| Gain on sale of securities available for sale | 0 | 34,000 | | | | | |||
| Loss on equity securities | (37,000) | (1,445,000) | | | | | |||
| Wealth management income | 1,713,000 | 1,485,000 | | | | | |||
| Income from Bank Owned Life Insurance | 1,697,000 | 1,417,000 | | | | | |||
| Other non-interest income | 239,000 | 92,000 | | | | | |||
| Total non-interest income | 12,496,000 | 12,462,000 | | | | | | ||
| Non-interest Expense | | | | | |||||
| Compensation and benefits | 23,394,000 | 25,658,000 | | | | | |||
| Occupancy | 3,365,000 | 3,574,000 | | | | | |||
| FDIC insurance premium | 1,120,000 | 1,288,000 | | | | | |||
| Financial institutions tax | 1,035,000 | 852,000 | | | | | |||
| Data processing | 4,670,000 | 3,863,000 | | | | | |||
| Amortization of intangibles | 990,000 | 1,270,000 | | | | | |||
| Other non-interest expense | 5,326,000 | 6,286,000 | | | | | |||
| Total non-interest expense | 39,900,000 | 42,791,000 | | | | | | | |
| Total Other Income Expenses | 154706000.0 | 162819000.0 | 0.0 | 0.0 | 0.0 | |
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| Total Other Income Expenses | 154440000.0 | 170231000.0 | 0.0 | 0.0 | 0.0 | |
| | |
| Total Other Income Expenses | 153320000.0 | 162343000.0 | 0.0 | 0.0 | 0.0 | |
| | |
| Total Other Income Expenses | 155826000.0 | 170707000.0 | 0.0 | 0.0 | 0 | |
| ||
| Income before income taxes | 22,303,000 | 22,252,000 | | | | ||||
| Total NonInterest Income Expenses | -27404000.0 | -30329000.0 | 0.0 | 0 | 0 | |
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| Income tax expense | 4,514,000 | 4,103,000 | | ||||||
| Net income | $ 17,789,000 | $ 18,149,000 | | ||||||
| Earnings per common share | |||||||||
| Basic | $ 0.5 | $ 0.51 | |||||||
| Diluted | $ 0.5 | $ 0.51 | |||||||
| X | ||||||||||
- Definition Amount of expense for Federal Deposit Insurance Corporation (FDIC) insurance. No definition available.
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| X | ||||||||||
- Definition Gain on Sale of non-mortgage loans No definition available.
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| X | ||||||||||
- Definition Income loss on mortgage banking. No definition available.
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| X | ||||||||||
- Definition Provision benefit for unfunded commitments. No definition available.
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| X | ||||||||||
- Definition It represents the services fees and other charges. No definition available.
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| X | ||||||||||
- Definition Wealth management income. No definition available.
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| X | ||||||||||
- Definition The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Earnings on or other increases in the value of the cash surrender value of bank owned life insurance policies. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of realized gain (loss) on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale). Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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| X | ||||||||||
- Definition Amount of operating dividend income on securities. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount of realized gain (loss) from sale of investment in equity security measured at fair value with change in fair value recognized in net income (FV-NI). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition The amount of expenses incurred in the period for information technology and data processing products and services. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Income from agency and brokerage operations (includes sales of annuities and supplemental contracts); service charges, commissions, and fees from the sale of insurance and related services; and management fees from separate accounts, deferred annuities, and universal life products. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Represents the total of interest and dividend income, including any amortization and accretion (as applicable) of discounts and premiums, earned from (1) loans and leases whether held-for-sale or held-in-portfolio; (2) investment securities; (3) federal funds sold; (4) securities purchased under agreements to resell; (5) investments in banker's acceptances, commercial paper, or certificates of deposit; (6) dividend income; or (7) other investments not otherwise specified herein. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Interest and fee income related to commercial loans including industrial and agricultural, real estate (commercial and residential, construction and development), trade financing, and lease financing. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Aggregate amount of interest expense on all deposits. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Interest expense incurred during the reporting period on long-term borrowings associated with Federal Home Loan Bank and Federal Reserve Bank advances. No definition available.
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| X | ||||||||||
- Definition Interest expense on medium-Term notes. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Interest expense incurred during the reporting period on subordinated notes and debentures. Includes amortization of expenses incurred in the issuance of subordinated notes and debentures. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Interest income derived from funds deposited with both domestic and foreign financial institutions including funds in money market and other accounts. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount of interest income or expense, including any amortization and accretion (as applicable) of discounts and premiums, including consideration of the provisions for loan, lease, credit, and other related losses. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The net amount of operating interest income (expense). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Amount of operating interest income, including amortization and accretion of premiums and discounts, on securities exempt from state, federal and other income tax. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount of operating interest income, including amortization and accretion of premiums and discounts, on securities subject to state, federal and other income tax. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount of expense for salary, wage, profit sharing; incentive and equity-based compensation; and other employee benefit. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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| X | ||||||||||
- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Total aggregate amount of all noninterest expense. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition The total amount of noninterest income which may be derived from: (1) fees and commissions; (2) premiums earned; (3) insurance policy charges; (4) the sale or disposal of assets; and (5) other sources not otherwise specified. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Amount of revenue earned, classified as other, excluding interest income. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of net occupancy expense that may include items, such as depreciation of facilities and equipment, lease expenses, property taxes and property and casualty insurance expense. Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef
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| X | ||||||||||
- Definition Amount of noninterest expense classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of expense related to estimated loss from loan and lease transactions. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of tax expense classified as other. No definition available.
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