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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net income $ 29,314 $ 24,677
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 2,318 2,130
Amortization of right-of-use asset 3,335 3,317
Net gain on sale of other real estate owned (40) 0
Writedown of other real estate owned 547 0
Provision for credit losses 950 1,100
Deferred tax expense 2,315 1,094
Net amortization of securities 477 627
Stock based compensation expense 616 309
(Increase) Decrease in taxes receivable (7,252) 4,180
Increase in interest receivable (772) (966)
Increase (Decrease) in interest payable 448 (167)
Increase in other assets (1,215) (2,822)
Decrease in operating lease liabilities (3,839) (3,596)
Increase in accrued expenses and other liabilities 1,130 99
Total adjustments (982) 3,938
Net cash provided by operating activities 28,332 28,615
Cash flows from investing activities:    
Proceeds from sales, paydowns and calls of securities available for sale 24,364 20,494
Proceeds from paydowns of held to maturity securities 512 516
Purchases of securities available for sale (54,770) (20,000)
Proceeds from maturities of securities available for sale 60,050 55,000
Purchases of Federal Home Loan Bank stock (94) (304)
Net increase in loans (58,376) (37,547)
Proceeds from dispositions of other real estate owned 531 68
Purchases of bank premises and equipment (6,665) (1,611)
Net cash (used in) provided by investing activities (34,448) 16,645
Cash flows from financing activities:    
Net (decrease) increase in deposits 99,331 (73,810)
Net change in short-term borrowings (2,411) 730
Purchases of treasury stock (5,333) (374)
Dividends paid (13,692) (13,697)
Net cash provided by financing activities 77,895 (87,151)
Net decrease in cash and cash equivalents 71,779 (41,891)
Cash and cash equivalents at beginning of period 641,812 578,004
Cash and cash equivalents at end of period 713,591 536,113
Cash paid during the year for:    
Interest paid 44,722 46,139
Income taxes paid 6,598 3,559
Other non cash items:    
Transfer of loans to other real estate owned 0 2,208
Decrease in dividends payable (33) 0
Change in unrealized (loss) gain on securities available for sale-gross of deferred taxes 8,485 (1,012)
Change in deferred tax effect on unrealized loss (gain) on securities available for sale (2,201) 276
Amortization of net actuarial gain and prior service cost on pension and postretirement plans (1,027) (399)
Change in deferred tax effect of amortization of net actuarial gain postretirement benefit plans $ 267 $ 104