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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net income $ 16,611 $ 22,786
Adjustments to reconcile net income to net cash provided by operating activities:    
Gain on sales of securities (1,032)  
Loss on disposal of fixed assets 6 4
Gain on sale on foreclosed assets (5) (116)
Writedowns on foreclosed assets 91 176
Stock based compensation expense 676 469
Provision (benefit) for credit losses on loans and leases 3,148 (1,850)
Provision for credit losses on held-to-maturity securities 18  
Depreciation and amortization 1,284 1,924
Net amortization on securities premiums and discounts 2,271 2,386
Amortization (accretion) of premiums (discounts) for loans acquired (73) (253)
Decrease (increase) in cash surrender value of life insurance policies 1,228 (1,397)
Amortization of core deposit intangible 505 527
(Increase) decrease in interest receivable and other assets (16,029) 602
Increase (decrease) in other liabilities 7,511 (1,310)
Deferred income tax benefit (2,414) (2,057)
Decrease (increase) in value of restricted bank equity securities 332 (857)
Net amortization of partnership investment 225 267
Net cash provided by operating activities 14,353 21,301
Cash flows from investing activities:    
Maturities and calls of securities available for sale 4,123 4,000
Proceeds from sales of securities available for sale 26,408  
Purchases of securities available for sale (215,269) (130,696)
Principal pay downs on securities available for sale 43,748 56,540
Net purchases of FHLB stock (336) (1,666)
Loan originations and payments, net (37,703) 319,697
Purchases of premises and equipment (566) (283)
Proceeds from sales of foreclosed assets 5 229
Purchase of bank-owned life insurance (14) (28)
Liquidation of bank-owned life insurance 11  
Proceeds from BOLI death benefit 859  
Amortization of debt issuance costs 32  
Net cash (used in) provided by investing activities (178,702) 247,793
Cash flows from financing activities:    
Increase in deposits 69,427 151,308
Decrease in borrowed funds   (142,900)
Increase in customer repurchase agreements 11,077 31,397
Cash dividends paid (6,978) (6,468)
Repurchases of common stock (4,883)  
Stock options exercised 53 54
Net cash provided by financing activities 68,696 33,391
(Decrease) increase in cash and cash equivalents (95,653) 302,485
Cash and cash equivalents, Beginning of period 257,528 71,417
Cash and cash equivalents, End of period 161,875 373,902
Cash paid during the year for:    
Interest paid 3,459 1,800
Income taxes paid $ 6,005 3,803
Supplemental noncash disclosures:    
Real estate acquired through foreclosure   $ 93