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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:      
Net income $ 34,844 $ 33,659 $ 43,012
Adjustments to reconcile net income to net cash provided by operating activities:      
Gain on sales of securities (396) (1,487) (11)
Realized losses on available-for-sale securities 14,500    
Loss (gain) on disposal of fixed assets (15,270) 8 (180)
Gain on sale on foreclosed assets   (8) (153)
Writedowns on foreclosed assets   91 174
Stock based compensation expense 1,749 1,284 995
Provision (benefit) for credit losses on loans 4,058 10,898 (3,650)
(Benefit) provision for credit losses on held-to-maturity securities (47) 63  
Depreciation and amortization 2,356 2,536 3,237
Net amortization on securities premiums and discounts 2,872 3,519 4,914
Accretion of discounts for loans acquired and net deferred loan fees (311) (279) (411)
(Increase) decrease in cash surrender value of life insurance policies (1,905) 996 (2,648)
Amortization of core deposit intangible 876 1,000 1,032
(Increase) decrease in interest receivable and other assets (20,525) (29,283) 6,435
Increase in other liabilities 31,835 9,481 1,602
Deferred income tax (benefit) provision (2,343) 311 85
Decrease (increase) in equity securities 291 332 (2,523)
Net amortization of partnership investment 661 451 746
Net cash provided by operating activities 53,245 33,572 52,656
Cash flows from investing activities:      
Maturities and calls of securities available for sale 71,065 11,003 10,390
Proceeds from sales of securities available for sale 25,676 45,903 148
Purchases of securities available for sale (197,153) (526,498) (568,174)
Principal pay downs on securities available for sale 45,269 72,831 113,117
Net purchases of FHLB stock (1,929) (336)  
Loan (payments) and originations, net (60,025) (76,225) 472,589
Purchases of premises and equipment, net (1,415) (1,272) (371)
Proceeds from sales of fixed assets 20,079   1,426
Proceeds from sales of foreclosed assets 19,151 10 950
Purchase of bank owned life insurance (125) (24) (39)
Liquidation of bank-owned life insurance 165 23  
Proceeds from BOLI death benefit 2,462 1,078 984
Amortization of debt issuance costs 90 73  
Net increase in partnership investment (7,000) (7,562) (10,400)
Net cash used in investing activities (83,690) (480,996) 20,620
Cash flows from financing activities:      
(Decrease) increase in deposits (84,941) 64,592 156,966
Increase (decrease) in borrowed funds 56,500 94,000 (42,900)
(Decrease) increase in repurchase agreements (2,048) 2,232 67,799
Increase (decrease) in fed funds purchased 5,000 125,000 (100,000)
Cash dividends paid (13,714) (13,919) (13,232)
Repurchases of common stock (8,881) (5,192) (5,220)
Stock options exercised   314 281
Proceeds from issuance of subordinated debt     49,141
Net cash provided by financing activities 31,916 267,027 112,835
Proceeds from long-term Federal Home Loan Bank advances and other debt 80,000    
(Decrease) increase in cash and due from banks 1,471 (180,397) 186,111
Cash and cash equivalents, beginning of year 77,131 257,528 71,417
Cash and cash equivalents, end of year 78,602 77,131 257,528
Cash paid during the year for:      
Interest 48,545 10,777 3,649
Income taxes 10,355 13,165 13,554
Supplemental disclosure of noncash investing and financing activities:      
Real estate acquired through foreclosure 15,406 0 $ 93
Operating right-of-use asset from branch facilities sale leaseback transaction 17,859 0  
Operating lease liability from branch facilities sale leaseback transaction $ 13,755 $ 0