Quarterly
Annual
| Unit: USD | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-03-31 | 2020-09-30 | 2020-06-30 | 2019-12-31 | 2019-03-31 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-12-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-12-31 | 2009-12-31 | 2003-09-30 | 2003-06-30 | 2003-03-31 | 2002-09-30 | 2002-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
interest income | ||||||||||||||||||||||||||||||||||||||||||||||||||||
loans and fees | 114,680,000 | 114,678,000 | 111,618,000 | 105,261,000 | 100,481,000 | 95,295,000 | 84,924,000 | 76,973,000 | 67,809,000 | 178,259,000 | 58,778,000 | 56,801,000 | 55,825,000 | 14,410,500 | 57,642,000 | 8,851,500 | 11,828,000 | 11,725,000 | 11,853,000 | 11,848,000 | 11,629,000 | |||||||||||||||||||||||||||||||
federal funds sold and interest-bearing deposits with banks | 1,102,000 | 1,293,000 | 1,307,000 | 1,981,000 | 728,000 | 449,000 | 429,000 | 235,000 | 182,000 | 403,000 | 37,000 | 92,000 | 36,000 | 63,500 | 254,000 | 145,000 | 166,000 | 154,500 | 210,000 | 132,000 | 276,000 | 228,000 | 142,000 | 124,000 | 75,000 | 32,000 | 7,000 | 11,000 | 12,000 | 25,000 | 24,000 | 9,000 | 13,000 | 36,000 | 27,000 | 17,000 | 13,000 | 22,000 | 17,000 | 6,000 | 6,000 | 12,000 | 16,000 | 11,000 | 12,000 | |||||||
taxable investment securities and other | 11,631,000 | 11,905,000 | 12,078,000 | 11,939,000 | 11,554,000 | 10,769,000 | 9,589,000 | 8,285,000 | 6,709,000 | 13,227,000 | 3,981,000 | 4,139,000 | 4,763,000 | 1,218,250 | 4,873,000 | 4,027,000 | 3,992,000 | 2,784,250 | 3,720,000 | 3,818,000 | 3,599,000 | 2,878,000 | 2,627,000 | 2,696,000 | 2,962,000 | 2,562,000 | 2,639,000 | 2,688,000 | 2,674,000 | 2,592,000 | 2,387,000 | 2,515,000 | 2,546,000 | 2,441,000 | 2,017,000 | 1,808,000 | 1,719,000 | 1,906,000 | 2,121,000 | 2,207,000 | 2,340,000 | |||||||||||
tax-exempt investment securities | 1,448,000 | 1,450,000 | 1,536,000 | 1,587,000 | 1,642,000 | 1,666,000 | 1,485,000 | 1,442,000 | 1,302,000 | 2,021,000 | 612,000 | 401,000 | 349,000 | 102,000 | 408,000 | 429,000 | 443,000 | 383,750 | 503,000 | 522,000 | 510,000 | 487,000 | 470,000 | 417,000 | 413,000 | 396,000 | 390,000 | 398,000 | 410,000 | 429,000 | 436,000 | 467,000 | 473,000 | 461,000 | 461,000 | 440,000 | 430,000 | 450,000 | 428,000 | 453,000 | 490,000 | 500,000 | 500,000 | 507,000 | 499,000 | |||||||
total interest income | 128,861,000 | 129,326,000 | 126,539,000 | 120,768,000 | 114,405,000 | 108,179,000 | 96,427,000 | 86,935,000 | 76,002,000 | 193,910,000 | 63,408,000 | 61,433,000 | 60,973,000 | 15,794,250 | 63,177,000 | 52,260,000 | 50,145,000 | 35,185,750 | 48,735,000 | 47,212,000 | 44,796,000 | 43,683,000 | 43,005,000 | 39,037,000 | 37,571,000 | 33,055,000 | 32,159,000 | 31,308,000 | 30,992,000 | 31,228,000 | 30,796,000 | 30,549,000 | 29,930,000 | 30,145,000 | 29,855,000 | 27,630,000 | 26,569,000 | 27,232,000 | 27,495,000 | 27,938,000 | 28,294,000 | 28,747,000 | 29,288,000 | 29,600,000 | 29,889,000 | 85,230,000 | 16,379,000 | 16,002,000 | 16,211,000 | 16,498,000 | 16,376,000 | |
interest expense | ||||||||||||||||||||||||||||||||||||||||||||||||||||
deposits | 54,763,000 | 52,175,000 | 45,058,000 | 36,704,000 | 29,158,000 | 21,767,000 | 13,618,000 | 4,829,000 | 4,039,000 | 11,669,000 | 5,124,000 | 7,012,000 | 8,094,000 | 2,874,250 | 11,497,000 | 6,501,000 | 5,755,000 | 2,890,250 | 4,443,000 | 3,784,000 | 3,334,000 | 3,017,000 | 2,886,000 | 2,404,000 | 2,205,000 | 1,662,000 | 1,464,000 | 1,346,000 | 1,283,000 | 1,302,000 | 1,256,000 | 1,243,000 | 1,263,000 | 1,349,000 | 1,518,000 | 1,560,000 | 1,662,000 | 1,923,000 | 2,026,000 | 2,139,000 | 2,256,000 | 2,568,000 | 2,572,000 | 2,807,000 | 2,931,000 | 17,045,000 | 3,282,000 | 3,030,000 | 3,436,000 | 4,003,000 | 3,810,000 | |
federal funds purchased and securities sold under agreements to repurchase | 5,560,000 | 5,791,000 | 10,186,000 | 10,365,000 | 7,222,000 | 2,771,000 | 717,000 | 150,000 | 20,000 | 55,000 | 23,000 | 27,000 | 75,000 | 152,000 | 608,000 | 233,000 | 134,000 | 40,000 | 52,000 | 98,000 | 10,000 | 3,000 | 19,000 | 9,000 | 38,000 | 18,000 | 33,000 | 37,000 | 22,000 | 9,000 | 19,000 | 35,000 | 15,000 | 3,000 | 14,000 | 13,000 | 9,000 | 11,000 | 12,000 | 28,000 | 28,000 | 15,000 | 18,000 | 28,000 | 27,000 | |||||||
other borrowings | 5,980,000 | 6,052,000 | 2,389,000 | 2,157,000 | 2,100,000 | 2,001,000 | 1,807,000 | 1,654,000 | 1,555,000 | 4,079,000 | 1,533,000 | 2,260,000 | 2,285,000 | 616,500 | 2,466,000 | 2,033,000 | 2,020,000 | 1,540,750 | 2,125,000 | 1,909,000 | 2,129,000 | 2,484,000 | 1,582,000 | 1,522,000 | 1,478,000 | 1,256,000 | 1,328,000 | 1,256,000 | 1,169,000 | 1,067,000 | 1,069,000 | 852,000 | 807,000 | 820,000 | 836,000 | 911,000 | 962,000 | 1,134,000 | 1,802,000 | 2,023,000 | 2,064,000 | 2,107,000 | 2,347,000 | 2,344,000 | 2,347,000 | |||||||
total interest expense | 66,303,000 | 64,018,000 | 57,633,000 | 49,226,000 | 38,480,000 | 26,539,000 | 16,142,000 | 6,633,000 | 5,614,000 | 15,803,000 | 6,680,000 | 9,299,000 | 10,454,000 | 3,642,750 | 14,571,000 | 8,767,000 | 7,909,000 | 4,471,000 | 6,620,000 | 5,791,000 | 5,473,000 | 5,504,000 | 4,487,000 | 3,935,000 | 3,721,000 | 2,936,000 | 2,825,000 | 2,639,000 | 2,474,000 | 2,378,000 | 2,344,000 | 2,130,000 | 2,085,000 | 2,172,000 | 2,368,000 | 2,484,000 | 2,633,000 | 3,068,000 | 3,840,000 | 4,190,000 | 4,348,000 | 4,690,000 | 4,937,000 | 5,179,000 | 5,305,000 | 28,786,000 | 4,209,000 | 3,547,000 | 3,901,000 | 4,490,000 | 4,288,000 | |
net interest income | 62,558,000 | 65,308,000 | 68,906,000 | 71,542,000 | 75,925,000 | 81,640,000 | 80,285,000 | 80,302,000 | 70,388,000 | 178,107,000 | 56,728,000 | 52,134,000 | 50,519,000 | 147,428,000 | 48,606,000 | 43,493,000 | 42,236,000 | 42,379,000 | 42,115,000 | 41,421,000 | 39,323,000 | 38,179,000 | 38,518,000 | 35,102,000 | 33,850,000 | 30,119,000 | 29,334,000 | 28,669,000 | 28,518,000 | 28,850,000 | 28,452,000 | 28,419,000 | 27,845,000 | 27,973,000 | 27,487,000 | 25,146,000 | 23,936,000 | 24,164,000 | 23,655,000 | 23,748,000 | 23,946,000 | 24,057,000 | 24,351,000 | 24,421,000 | 24,584,000 | 56,444,000 | 12,170,000 | 12,455,000 | 12,310,000 | 12,008,000 | 12,088,000 | |
benefit for credit losses | -2,692,000 | 6,272,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
net interest income after benefit for credit losses | 65,250,000 | 64,116,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
noninterest income | ||||||||||||||||||||||||||||||||||||||||||||||||||||
service charges on deposit accounts | 1,959,000 | 2,710,000 | 1,996,000 | 2,844,000 | 2,789,000 | 2,840,000 | 2,808,000 | 2,711,000 | 2,626,000 | 7,560,000 | 2,296,000 | 2,288,000 | 1,875,000 | 643,250 | 2,573,000 | 2,545,000 | 2,611,000 | 1,981,500 | 2,797,000 | 2,674,000 | 2,455,000 | 2,577,000 | 2,615,000 | 2,523,000 | 2,442,000 | 2,620,000 | 2,614,000 | 2,450,000 | 2,340,000 | 2,612,000 | 2,689,000 | 2,663,000 | 2,559,000 | 2,785,000 | 2,838,000 | 2,692,000 | 2,522,000 | 2,590,000 | 2,757,000 | 2,710,000 | 2,447,000 | 2,590,000 | 2,623,000 | 2,571,000 | 2,478,000 | 5,686,000 | 1,913,000 | 1,706,000 | 1,511,000 | 1,492,000 | 1,471,000 | |
commissions and fees | 1,690,000 | 1,706,000 | 1,731,000 | 1,863,000 | 1,925,000 | 2,243,000 | 2,212,000 | 2,555,000 | 2,106,000 | 5,341,000 | 1,598,000 | 1,667,000 | 1,196,000 | 353,000 | 1,412,000 | 1,410,000 | 1,272,000 | 887,250 | 1,258,000 | 1,135,000 | 1,156,000 | 1,089,000 | 1,182,000 | 1,099,000 | 979,000 | 1,081,000 | 984,000 | 1,196,000 | 1,307,000 | 1,168,000 | 1,371,000 | 1,082,000 | 1,013,000 | 1,090,000 | 1,139,000 | 1,143,000 | 1,213,000 | 1,090,000 | 1,162,000 | 1,259,000 | 980,000 | 916,000 | 915,000 | 1,040,000 | 832,000 | 1,762,000 | 793,000 | 717,000 | 539,000 | 440,000 | 537,000 | |
income on bank owned life insurance | 877,000 | 837,000 | 816,000 | 1,021,000 | 776,000 | 862,000 | 1,468,000 | 820,000 | 830,000 | 2,042,000 | 634,000 | 670,000 | 665,000 | 170,750 | 683,000 | 711,000 | 719,000 | 387,500 | 624,000 | 500,000 | 426,000 | 437,000 | 1,303,000 | 414,000 | 408,000 | 475,000 | 455,000 | 388,000 | 699,000 | 363,000 | 365,000 | 365,000 | 360,000 | 374,000 | 383,000 | 340,000 | 313,000 | 309,000 | 357,000 | 339,000 | 339,000 | 353,000 | 356,000 | 359,000 | 355,000 | |||||||
gain on equity securities | -129,000 | -135,000 | 148,000 | -364,000 | -170,000 | 198,000 | 143,000 | 353,000 | ||||||||||||||||||||||||||||||||||||||||||||
gains on sales of loans held for sale | 305,000 | 252,000 | 349,000 | 229,000 | 430,000 | 624,000 | 355,000 | 715,000 | 1,426,000 | |||||||||||||||||||||||||||||||||||||||||||
swap income | 289,000 | 482,000 | 697,000 | 361,000 | 56,000 | 466,000 | 711,000 | 399,000 | 72,000 | 562,000 | 624,000 | 767,000 | ||||||||||||||||||||||||||||||||||||||||
other income | 103,000 | 155,000 | 123,000 | 486,000 | 141,000 | 332,000 | 143,000 | 227,000 | 277,000 | 163,000 | 105,000 | 257,000 | 70,000 | 82,750 | 331,000 | 743,000 | 486,000 | 690,750 | 297,000 | 1,346,000 | 1,120,000 | 533,000 | 564,000 | 424,000 | 248,000 | 114,000 | 116,000 | 443,000 | 392,000 | 326,000 | 384,000 | 261,000 | 139,000 | 890,000 | 285,000 | 420,000 | 498,000 | 600,000 | 264,000 | 103,000 | 75,000 | 59,000 | 299,000 | 66,000 | 102,000 | -242,000 | 228,000 | 287,000 | 264,000 | 254,000 | 255,000 | |
total noninterest income | 5,094,000 | 6,786,000 | 5,418,000 | 6,669,000 | 6,265,000 | 7,023,000 | 7,233,000 | 7,063,000 | 6,780,000 | 16,602,000 | 5,759,000 | 6,773,000 | 5,481,000 | 1,430,750 | 5,723,000 | 5,709,000 | 5,334,000 | 4,914,750 | 5,454,000 | 6,111,000 | 8,094,000 | 5,161,000 | 6,417,000 | 4,885,000 | 4,867,000 | 4,778,000 | 6,687,000 | 4,958,000 | 4,738,000 | 4,469,000 | 4,809,000 | 4,371,000 | 4,073,000 | 5,472,000 | 4,645,000 | 5,793,000 | 5,051,000 | 5,437,000 | 4,640,000 | 4,771,000 | 4,057,000 | 4,082,000 | 5,095,000 | 4,710,000 | 4,230,000 | 9,213,000 | 3,868,000 | 3,197,000 | 2,579,000 | 3,040,000 | 2,297,000 | |
noninterest expense | ||||||||||||||||||||||||||||||||||||||||||||||||||||
compensation and employee benefits | 26,874,000 | 25,137,000 | 26,156,000 | 27,585,000 | 29,996,000 | 26,914,000 | 26,636,000 | 26,938,000 | 27,679,000 | |||||||||||||||||||||||||||||||||||||||||||
premises and equipment | 7,886,000 | 7,447,000 | 7,888,000 | 7,992,000 | 7,977,000 | 7,657,000 | 7,574,000 | 7,679,000 | 7,972,000 | |||||||||||||||||||||||||||||||||||||||||||
fdic insurance expense | 1,393,000 | 1,350,000 | 1,354,000 | 1,627,000 | 963,000 | 690,000 | 690,000 | 672,000 | 672,000 | 1,630,000 | 711,000 | 625,000 | 450,000 | 112,500 | 450,000 | 400,000 | 425,000 | 293,250 | 430,000 | 425,000 | 318,000 | 262,000 | 715,000 | 681,000 | 590,000 | 563,000 | 474,000 | 531,000 | 518,000 | 518,000 | 489,000 | 511,000 | 501,000 | 509,000 | 436,000 | 556,000 | 513,000 | 543,000 | 519,000 | 546,000 | 555,000 | 612,000 | 636,000 | 595,000 | 947,000 | |||||||
data processing expense | 1,781,000 | 1,744,000 | 1,932,000 | 2,025,000 | 1,862,000 | 1,258,000 | 1,419,000 | 1,891,000 | 1,670,000 | 4,199,000 | 1,255,000 | 1,211,000 | 1,436,000 | 331,750 | 1,327,000 | 976,000 | 466,000 | 374,000 | 441,000 | 502,000 | 553,000 | 394,000 | 518,000 | 459,000 | 520,000 | |||||||||||||||||||||||||||
merger-related expenses | 68,000 | 129,000 | 198,000 | 242,000 | 295,000 | 533,000 | 3,488,000 | |||||||||||||||||||||||||||||||||||||||||||||
other incomes | 6,647,000 | 5,472,250 | 6,840,000 | 7,537,000 | 7,512,000 | 5,818,250 | 8,004,000 | 7,888,000 | 7,381,000 | 763,250 | 3,053,000 | 2,752,000 | 2,129,000 | 661,250 | 2,645,000 | 2,783,000 | 2,530,000 | 1,928,000 | 2,535,000 | 2,677,000 | 2,500,000 | 3,099,000 | 2,293,000 | 2,616,000 | 2,146,000 | -233,000 | 3,080,000 | 3,366,000 | 2,746,000 | 2,626,000 | 2,945,000 | 2,870,000 | 2,967,000 | 3,630,000 | 2,976,000 | 2,732,000 | 2,306,000 | 2,270,000 | 2,547,000 | 2,353,000 | 2,132,000 | 2,311,000 | 2,641,000 | 2,160,000 | 2,141,000 | 4,257,000 | 2,281,000 | 2,389,000 | 1,939,000 | 1,789,000 | 1,753,000 | |
total noninterest expense | 44,649,000 | 42,993,000 | 44,368,000 | 47,008,000 | 48,605,000 | 45,370,000 | 47,811,000 | 45,068,000 | 49,959,000 | 106,854,000 | 33,903,000 | 32,097,000 | 31,462,000 | 8,496,000 | 33,984,000 | 27,574,000 | 27,137,000 | 19,671,250 | 24,849,000 | 25,366,000 | 28,470,000 | 24,772,000 | 26,006,000 | 23,715,000 | 25,424,000 | 22,142,000 | 23,832,000 | 21,195,000 | 20,042,000 | 20,178,000 | 19,685,000 | 19,530,000 | 19,742,000 | 20,714,000 | 20,407,000 | 19,393,000 | 18,227,000 | 17,960,000 | 16,968,000 | 16,470,000 | 16,275,000 | 16,353,000 | 18,040,000 | 16,732,000 | 17,026,000 | 45,788,000 | 9,651,000 | 388,000 | 8,967,000 | 8,396,000 | 8,457,000 | |
income before benefit from income taxes | 25,695,000 | 27,151,000 | 28,694,000 | 29,256,000 | 25,692,000 | 46,053,000 | 38,349,000 | 38,653,000 | 20,937,000 | 96,109,000 | 31,226,000 | 18,810,000 | 15,538,000 | 4,959,250 | 19,837,000 | 20,136,000 | 19,149,000 | 15,262,000 | 12,218,000 | 12,755,000 | 11,857,000 | 11,692,000 | 12,344,000 | 11,552,000 | 12,382,000 | 11,667,000 | 10,687,000 | 11,044,000 | 9,846,000 | 8,952,000 | 7,577,000 | 8,517,000 | 7,977,000 | 8,172,000 | 7,172,000 | 5,300,500 | 7,348,000 | 6,993,000 | 6,861,000 | 4,080,750 | 5,637,000 | 5,514,000 | 5,172,000 | -1,598,000 | 5,178,000 | |||||||
benefit from income taxes | 5,900,000 | 7,083,000 | 6,455,000 | 6,628,000 | 5,887,000 | 12,476,000 | 9,603,000 | 9,536,000 | 5,008,000 | 24,243,000 | 8,051,000 | 4,383,000 | 3,687,000 | 1,052,750 | 4,211,000 | 4,298,000 | 3,894,000 | 1,768,000 | 1,629,000 | 1,667,000 | ||||||||||||||||||||||||||||||||
net income | 19,795,000 | 20,068,000 | 22,239,000 | 22,628,000 | 19,805,000 | 33,577,000 | 28,746,000 | 29,117,000 | 15,929,000 | 71,866,000 | 23,175,000 | 14,427,000 | 11,851,000 | 55,046,000 | 15,626,000 | 15,838,000 | 15,255,000 | 13,175,000 | 13,723,000 | 13,370,000 | 12,312,000 | 11,953,000 | 11,327,000 | 10,130,000 | 8,108,000 | 8,464,000 | 7,825,000 | 7,862,000 | 8,330,000 | 7,939,000 | 8,246,000 | 7,781,000 | 7,163,000 | 7,341,000 | 6,617,000 | 5,903,000 | 5,108,000 | 5,829,000 | 5,489,000 | 5,453,000 | 4,971,000 | 5,116,000 | 5,106,000 | 4,858,000 | 4,771,000 | -16,507,000 | 3,822,000 | 3,746,000 | 3,543,000 | -711,000 | 3,511,000 | |
yoy | -0.05% | -40.23% | -22.64% | -22.29% | 24.33% | -53.28% | 24.04% | 101.82% | 34.41% | 30.56% | 48.31% | -8.91% | -22.31% | 317.81% | 13.87% | 18.46% | 23.90% | 10.22% | 21.15% | 31.98% | 51.85% | 41.22% | 44.75% | 28.85% | -2.67% | 6.61% | -5.11% | 1.04% | 16.29% | 8.15% | 24.62% | 31.81% | 40.23% | 25.94% | 20.55% | 8.25% | 2.76% | 13.94% | 7.50% | 12.25% | 4.19% | -130.93% | 27.11% | 27.36% | 2221.66% | 8.86% | ||||||
qoq | -1.36% | -9.76% | -1.72% | 14.25% | -41.02% | 16.81% | -1.27% | 82.79% | -77.84% | 210.10% | 60.64% | 21.74% | -78.47% | 252.27% | -1.34% | 3.82% | 15.79% | -3.99% | 2.64% | 8.59% | 3.00% | 5.53% | 11.82% | 24.94% | -4.21% | 8.17% | -0.47% | -5.62% | 4.93% | -3.72% | 5.98% | 8.63% | -2.42% | 10.94% | 12.10% | 15.56% | -12.37% | 6.19% | 0.66% | 9.70% | -2.83% | 0.20% | 5.10% | 1.82% | -531.89% | 2.03% | 5.73% | -598.31% | -120.25% | |||
net income margin % | ||||||||||||||||||||||||||||||||||||||||||||||||||||
per share of common stock | ||||||||||||||||||||||||||||||||||||||||||||||||||||
basic earnings | 0.3 | 0.31 | 0.34 | 0.34 | 0.3 | 0.51 | 0.44 | 0.44 | 0.25 | 1.4 | 0.45 | 0.28 | 0.23 | 0.078 | 0.31 | 0.33 | 0.32 | 0.205 | 0.29 | 0.28 | 0.26 | 0.27 | 0.25 | 0.24 | 0.2 | 0.22 | 0.2 | 0.21 | 0.22 | 0.21 | 0.22 | 0.2 | 0.2 | 0.21 | 0.18 | 0.19 | 0.17 | 0.2 | 0.2 | 0.2 | 0.16 | 0.19 | 0.19 | 0.18 | 0.14 | |||||||
diluted earnings | 0.3 | 0.31 | 0.34 | 0.34 | 0.3 | 0.5 | 0.44 | 0.44 | 0.25 | 1.4 | 0.45 | 0.28 | 0.23 | 0.078 | 0.31 | 0.33 | 0.32 | 0.205 | 0.29 | 0.28 | 0.26 | 0.26 | 0.25 | 0.24 | 0.2 | 0.22 | 0.2 | 0.21 | 0.22 | 0.21 | 0.22 | 0.2 | 0.2 | 0.21 | 0.18 | 0.19 | 0.17 | 0.2 | 0.2 | 0.2 | 0.16 | 0.19 | 0.19 | 0.18 | 0.14 | |||||||
dividends paid | 0.145 | 0.109 | 0.145 | 0.145 | 0.145 | 0.106 | 0.145 | 0.145 | 0.135 | |||||||||||||||||||||||||||||||||||||||||||
benefit from credit losses | 2,775,500 | 1,262,000 | 1,947,000 | 7,893,000 | 2,818,500 | 1,358,000 | 3,644,000 | -660,500 | -2,642,000 | |||||||||||||||||||||||||||||||||||||||||||
net interest income after benefit from credit losses | 51,317,750 | 67,644,000 | 69,595,000 | 68,032,000 | 54,925,250 | 78,927,000 | 76,658,000 | 14,842,500 | 59,370,000 | |||||||||||||||||||||||||||||||||||||||||||
loss on equity securities | -70,250 | -294,000 | 11,000 | -464,000 | -485,000 | -36,000 | -144,000 | |||||||||||||||||||||||||||||||||||||||||||||
gains on investment securities transactions | ||||||||||||||||||||||||||||||||||||||||||||||||||||
merger related expenses | 4,585,000 | 318,000 | 2,860,000 | 1,697,000 | 685,000 | 1,721,000 | 822,000 | 330,000 | 7,000 | 744,000 | 1,452,000 | 631,000 | ||||||||||||||||||||||||||||||||||||||||
gains on sales of loans | 1,556,000 | 708,000 | 1,437,000 | 710,000 | 92,750 | 371,000 | 300,000 | 246,000 | 336,750 | 478,000 | 471,000 | 398,000 | 525,000 | 753,000 | 425,000 | 420,000 | 437,000 | 515,000 | 464,000 | |||||||||||||||||||||||||||||||||
gains on sales of investment securities | -15,000 | 2,539,000 | 92,500 | 370,000 | 126,500 | 1,000 | ||||||||||||||||||||||||||||||||||||||||||||||
salaries and employee benefits | 5,129,500 | 20,518,000 | 19,694,000 | 20,269,000 | 4,807,750 | 19,231,000 | 16,708,000 | 16,861,000 | 11,403,250 | 15,100,000 | 15,096,000 | 15,417,000 | 14,305,000 | 14,626,000 | 13,091,000 | 14,085,000 | 12,370,000 | 12,376,000 | 12,144,000 | 11,750,000 | 11,827,000 | 11,327,000 | 11,200,000 | 10,813,000 | 10,766,000 | 11,019,000 | 10,133,000 | 9,953,000 | 10,008,000 | 9,578,000 | 9,565,000 | 9,435,000 | 9,035,000 | 9,280,000 | 9,199,000 | 8,986,000 | 19,255,000 | 5,240,000 | 5,051,000 | 4,959,000 | 4,625,000 | 4,714,000 | ||||||||||
net occupancy expense | 754,750 | 3,019,000 | 2,692,000 | 2,488,000 | 738,500 | 2,954,000 | 2,603,000 | 2,738,000 | 1,917,500 | 2,327,000 | 2,507,000 | 2,836,000 | 2,534,000 | 2,372,000 | 2,341,000 | 2,688,000 | 2,068,000 | 2,067,000 | 2,273,000 | 2,548,000 | 2,190,000 | 2,017,000 | 2,041,000 | 2,617,000 | 2,153,000 | 2,060,000 | 1,887,000 | 1,974,000 | 1,958,000 | 1,807,000 | 1,636,000 | 1,688,000 | 1,680,000 | 1,692,000 | 1,602,000 | 1,911,000 | 3,949,000 | 912,000 | 851,000 | 925,000 | 838,000 | 864,000 | ||||||||||
furniture and equipment | 824,750 | 3,299,000 | 2,890,000 | 2,783,000 | 529,000 | 2,116,000 | 2,011,000 | 2,206,000 | 1,541,500 | 2,073,000 | 1,996,000 | 2,097,000 | 2,113,000 | 1,876,000 | 2,082,000 | 1,946,000 | 1,764,000 | 1,881,000 | 1,629,000 | 1,656,000 | 1,647,000 | 1,605,000 | 1,660,000 | 1,693,000 | 1,689,000 | 1,582,000 | 1,505,000 | 1,405,000 | 1,324,000 | 1,205,000 | 1,139,000 | 1,083,000 | 1,165,000 | 1,172,000 | 1,225,000 | 1,164,000 | 2,586,000 | 877,000 | 761,000 | 814,000 | 841,000 | 790,000 | ||||||||||
stationery, supplies and postage | 94,500 | 378,000 | 488,000 | 381,000 | 111,750 | 447,000 | 443,000 | 416,000 | 354,750 | 404,000 | 572,000 | 443,000 | 456,000 | 412,000 | 416,000 | 443,000 | 392,000 | 395,000 | 377,000 | 365,000 | 347,000 | 368,000 | 334,000 | 354,000 | 396,000 | 348,000 | 368,000 | 370,000 | 336,000 | 388,000 | 355,000 | 336,000 | 338,000 | 298,000 | 395,000 | 365,000 | 598,000 | 341,000 | 336,000 | 330,000 | 303,000 | 336,000 | ||||||||||
marketing expense | 79,500 | 318,000 | 381,000 | 232,000 | 117,250 | 469,000 | 456,000 | 361,000 | 337,750 | 442,000 | 508,000 | 401,000 | 549,000 | 429,000 | 385,000 | 309,000 | 534,000 | 396,000 | 416,000 | 240,000 | 534,000 | 629,000 | 476,000 | 386,000 | 650,000 | 715,000 | 435,000 | 288,000 | 388,000 | 718,000 | 458,000 | 470,000 | 563,000 | 612,000 | 619,000 | 615,000 | ||||||||||||||||
telecommunications expense | 130,500 | 522,000 | 501,000 | 454,000 | 123,250 | 493,000 | 462,000 | 421,000 | 289,000 | 380,000 | 372,000 | 404,000 | 342,000 | 479,000 | 386,000 | 424,000 | ||||||||||||||||||||||||||||||||||||
atm and debit card expense | 151,000 | 604,000 | 615,000 | 536,000 | 150,500 | 602,000 | 558,000 | 510,000 | 376,000 | 546,000 | 517,000 | 441,000 | 433,000 | 420,000 | 383,000 | 346,000 | ||||||||||||||||||||||||||||||||||||
core deposit intangible amortization | 56,500 | 226,000 | 250,000 | 261,000 | 76,000 | 304,000 | 153,000 | 157,000 | 122,250 | 104,000 | 190,000 | 195,000 | 202,000 | 201,000 | 164,000 | 167,000 | 99,000 | 98,000 | 107,000 | 111,000 | 111,000 | 111,000 | 119,000 | 123,000 | 124,000 | 123,000 | 41,000 | 46,000 | 266,000 | 265,000 | ||||||||||||||||||||||
other real estate and repossessed asset expense | -2,000 | 43,000 | 21,500 | 86,000 | 21,000 | 46,000 | 272,000 | |||||||||||||||||||||||||||||||||||||||||||||
long-term debt prepayment fee | 2,828,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
dividends | 0.031 | 0.125 | 0.125 | 0.125 | 0.029 | 0.115 | 0.115 | 0.1 | 0.074 | 0.1 | 0.1 | 0.095 | 0.069 | 0.095 | 0.095 | 0.085 | 0.061 | 0.085 | 0.085 | 0.075 | 0.055 | 0.075 | 0.07 | 0.075 | 0.053 | 0.07 | 0.07 | 0.07 | 0.045 | 0.06 | 0.06 | 0.06 | 0.045 | 0.06 | 0.06 | 0.06 | ||||||||||||||||
benefit from loan losses | 8,000,000 | 9,000,000 | 1,622,000 | 508,000 | 8,250,000 | |||||||||||||||||||||||||||||||||||||||||||||||
net interest income after benefit from loan losses | 44,134,000 | 41,519,000 | 12,024,500 | 48,098,000 | 3,758,000 | |||||||||||||||||||||||||||||||||||||||||||||||
loans, leases and fees | 47,659,000 | 45,544,000 | 31,863,250 | 44,302,000 | 42,740,000 | 40,411,000 | 40,090,000 | 39,766,000 | 35,800,000 | 34,121,000 | 30,065,000 | 29,123,000 | 28,211,000 | 27,896,000 | 28,182,000 | 27,949,000 | 27,558,000 | 26,898,000 | 27,207,000 | 27,350,000 | 25,365,000 | 24,407,000 | 24,854,000 | 24,929,000 | 25,272,000 | 25,458,000 | 25,801,000 | 25,999,000 | 26,120,000 | 26,665,000 | ||||||||||||||||||||||
benefit from loan and lease losses | 1,492,000 | 1,284,000 | 1,218,000 | 1,827,000 | 1,827,000 | 1,218,000 | 375,000 | 1,763,000 | 1,010,000 | 1,075,000 | 332,000 | 740,000 | 870,000 | 1,589,000 | 1,194,000 | 1,593,000 | 1,489,000 | 1,687,000 | 1,879,000 | 2,594,000 | 3,183,000 | 3,124,000 | 3,350,000 | 3,877,000 | 4,556,000 | 4,425,000 | 4,058,000 | 5,406,000 | 4,927,000 | 49,365,000 | 750,000 | 750,000 | 750,000 | |||||||||||||||||||
net interest income after benefit from loan and lease losses | 42,001,000 | 40,952,000 | 29,496,750 | 40,288,000 | 39,594,000 | 37,804,000 | 36,755,000 | 27,929,000 | 26,826,000 | 19,871,000 | 14,741,250 | 20,293,000 | 19,015,000 | 19,657,000 | 7,079,000 | 11,420,000 | 11,560,000 | |||||||||||||||||||||||||||||||||||
expenses (income) on other real estate owned and other repossessed assets | 27,000 | 67,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
income before income tax expense | 14,740,250 | 20,893,000 | 20,339,000 | 17,729,000 | 11,161,500 | 17,166,000 | ||||||||||||||||||||||||||||||||||||||||||||||
income tax expense | 4,889,000 | 7,170,000 | 6,969,000 | 5,417,000 | 3,770,250 | 5,839,000 | 5,132,000 | 4,110,000 | 2,969,000 | 4,032,000 | 3,830,000 | 4,014,000 | 2,886,500 | 4,136,000 | 3,886,000 | 3,524,000 | 2,186,750 | 3,229,000 | 3,049,000 | 2,469,000 | 1,852,000 | 2,488,000 | 2,719,000 | 2,201,000 | 1,616,750 | 2,242,000 | 2,135,000 | 2,090,000 | ||||||||||||||||||||||||
expenses on other real estate owned and other repossessed assets | 4,000 | 37,000 | 8,250 | -32,000 | 26,000 | 39,000 | 11,500 | 27,000 | 27,000 | -8,000 | 41,250 | 50,000 | 100,000 | 15,000 | 3,750 | -2,000 | -2,000 | 19,000 | 22,250 | 13,000 | 38,000 | 38,000 | 202,000 | 336,000 | 200,000 | |||||||||||||||||||||||||||
net interest income after | ||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on debt extinguishment | 1,197,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
gains on sales and calls of investment securities | 47,500 | 173,000 | 17,000 | 500 | 2,000 | |||||||||||||||||||||||||||||||||||||||||||||||
gain on debt redemption and extinguishment | 457,500 | 1,830,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
legal expense | 185,500 | 301,000 | 325,000 | 116,000 | 309,000 | 144,000 | 219,000 | 273,000 | 98,000 | 406,000 | 286,000 | 242,000 | 356,000 | 135,000 | 346,000 | 399,000 | 529,000 | 457,000 | 411,000 | 295,000 | ||||||||||||||||||||||||||||||||
long term debt prepayment penalty | 601,750 | 2,407,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
long term debt prepayment fee | 131,500 | 526,000 | 200,000 | 800,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
dividends on preferred stock and accretion | 620,000 | 294,000 | 293,000 | 294,000 | 1,286,000 | |||||||||||||||||||||||||||||||||||||||||||||||
net income available to common stockholders | 7,341,000 | 6,617,000 | 5,903,000 | 5,108,000 | 5,829,000 | 5,489,000 | 5,453,000 | 4,351,000 | 4,822,000 | 4,813,000 | 4,564,000 | 3,485,000 | ||||||||||||||||||||||||||||||||||||||||
gains on investment securities | 505,000 | 68,250 | 241,000 | 32,000 | 307,250 | 785,000 | 444,000 | |||||||||||||||||||||||||||||||||||||||||||||
gains on leasing related assets | 72,000 | 100,000 | 119,000 | 184,000 | 164,000 | 117,000 | 230,000 | 463,000 | ||||||||||||||||||||||||||||||||||||||||||||
collection expense | -15,000 | 58,000 | 34,000 | 139,000 | 148,000 | 70,000 | 60,000 | 65,000 | ||||||||||||||||||||||||||||||||||||||||||||
the accompanying notes are an integral part of these consolidated financial statements | ||||||||||||||||||||||||||||||||||||||||||||||||||||
taxable investment securities | 2,434,000 | 2,773,000 | 2,962,000 | 2,713,000 | 3,502,000 | 3,710,000 | 3,507,000 | 3,632,000 | 3,948,000 | 4,124,000 | ||||||||||||||||||||||||||||||||||||||||||
federal funds sold | 48,250 | 67,000 | 58,000 | 68,000 | 117,000 | 57,000 | ||||||||||||||||||||||||||||||||||||||||||||||
tax exempt investment securities | 536,000 | 774,000 | 712,000 | 658,000 | 585,000 | 566,000 | ||||||||||||||||||||||||||||||||||||||||||||||
short-term borrowings | 40,000 | 50,000 | 47,000 | 63,000 | 76,000 | 70,000 | ||||||||||||||||||||||||||||||||||||||||||||||
long-term debt | 11,762,000 | 877,000 | 470,000 | 402,000 | 411,000 | 408,000 | ||||||||||||||||||||||||||||||||||||||||||||||
gains on the sales of securities | 421,500 | 934,000 | 487,000 | -11,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
benefit for income taxes | -12,989,000 | 1,815,000 | -887,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
earnings per common share | ||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | 185 | 250 | 260 | 250 | -50 | 260 | ||||||||||||||||||||||||||||||||||||||||||||||
diluted | 182.5 | 250 | 260 | 250 | -50 | 250 | ||||||||||||||||||||||||||||||||||||||||||||||
net interest income after benefit from | ||||||||||||||||||||||||||||||||||||||||||||||||||||
loan and lease losses | 11,705,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
consolidated statements of comprehensive income | ||||||||||||||||||||||||||||||||||||||||||||||||||||
other comprehensive income net of tax: | ||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized securities gains arising during period | 1,296,000 | 1,433,000 | 3,305,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
less: reclassification for gains included in net income | 333,000 | 558,000 | -7,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
other: comprehensive income | 963,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
total comprehensive income | 4,709,000 | 164,000 | 6,823,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
see accompanying notes to consolidated financial statements | ||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on the sales of securities | 265,000 | 812,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
gains on sales of leases | 42,000 | 45,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
other comprehensive income | 875,000 | 3,312,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
benefit from possible loan losses | 750,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
net interest income after benefit from possible loan losses | 11,338,000 |
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