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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 19,263 $ 23,438
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 734 106
Net accretion of certain acquisition-related adjustments (6,191) (2,340)
Amortization of intangible assets 1,493 1,746
Net amortization and (accretion) of securities (2,444) (364)
Net losses on sale of AFS 206  
Net gains on sales other assets (112) (1,084)
Bank owned life insurance income (1,764) (963)
Depreciation and other amortization 3,276 3,339
Gain on sale of business line   (404)
Decrease in goodwill and other intangibles resulting from sale of business line   584
Impairment charge on assets held for sale   242
Deferred tax (benefit) (473) (138)
Stock option expense 142 167
Stock grant expense 585 520
Net change in:    
Accrued interest receivable and other assets 52 (828)
Accrued interest payable and other liabilities (863) (1,336)
Net cash provided by operating activities 13,904 22,685
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of available for sale securities (83,164) (316,350)
Net increase in restricted investments (3,248) (188)
Proceeds from maturities, calls and principal payments of available for sale securities 214,394 22,723
Net (increase) decrease in loans (150,348) 126,598
Proceeds from sale of premises and equipment 2,358 6,311
Proceeds from sale of other real estate owned   610
Proceeds from settlement of bank owned life insurance 1,412  
Purchase of bank owned life insurance   (6,355)
Purchase of bank premises and equipment, net (1,171) (546)
Net cash (used in) provided by investing activities (19,767) (167,197)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net (decrease) in demand deposits, NOW accounts, and money market accounts (272,715) (270,892)
Net increase (decrease) in certificates of deposit and other time deposits 203,466 (46,931)
Net increase in Federal funds purchased 3,462  
Net increase in other borrowings 66,500  
Proceeds from termination of interest swap 460  
Proceeds from stock options exercised 18 23
Cash dividends paid (7,074) (6,392)
Net cash (used in) provided by financing activities (5,883) (324,192)
NET (DECREASE) IN CASH AND CASH EQUIVALENTS (11,746) (468,704)
CASH AND CASH EQUIVALENTS:    
Beginning of period 40,136 508,840
End of period 28,390 40,136
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Interest 19,214 3,202
Taxes 3,809 4,450
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES    
Unrealized gains (losses) on available for sale securities $ 11,367 (59,347)
Unrealized gains on interest rate swaps   695
Change in goodwill   $ (372)