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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Dec. 31, 2021
Cash Flows from Operating Activities:          
Net income $ 9,256 $ 10,178 $ 26,395 $ 32,233  
Adjustments to reconcile net income to net cash provided by operating activities:          
Provision for (recovery of) loan losses (615) (482) (438) 870 $ 2,825
Depreciation     1,687 1,694  
Net accretion of acquisition accounting adjustments     (1,345) (3,148)  
Core deposit intangible amortization 310 361 960 1,113  
Net amortization of securities     1,304 1,275  
Gain on sale of loans held for sale     (1,490) (3,449)  
Proceeds from sales of loans held for sale     62,910 123,193  
Originations of loans held for sale     (55,791) (113,671)  
Net loss on other real estate owned     0 111  
Net loss on sale or disposal of premises and equipment 2 107 82 588  
Equity based compensation expense     1,114 1,065  
Net change in bank owned life insurance     (373) (468)  
Deferred income tax expense (benefit)     720 (63)  
Net change in other assets     (5,051) (2,536)  
Net change in other liabilities     331 793  
Net cash provided by operating activities     31,891 37,860  
Cash Flows from Investing Activities:          
Proceeds from maturities, calls and paydowns of securities available for sale     83,015 137,511  
Purchases of securities available for sale     (105,117) (323,302)  
Net change in restricted stock     (327) 669  
Net (increase) decrease in loans     (171,381) 77,984  
Net change in collateral with other financial institutions     3,200 1,700  
Proceeds from sale of premises and equipment     4 1,316  
Purchases of premises and equipment (894) (454) (894) (833)  
Proceeds from sales of other real estate owned     0 634  
Net cash used in investing activities     (191,500) (104,321)  
Cash Flows from Financing Activities:          
Net change in noninterest-bearing deposits     35,722 150,891  
Net change in interest-bearing deposits     (235,165) 99,921  
Net change in customer repurchase agreements     (40,503) (15,956)  
Net change in long-term borrowings     0 (7,500)  
Common stock dividends paid     (8,961) (8,807)  
Repurchase of common stock     (7,386) (8,143)  
Proceeds from exercise of stock options     12 86  
Net cash (used in) provided by financing activities     (256,281) 210,492  
Net (Decrease) Increase in Cash and Cash Equivalents     (415,890) 144,031  
Cash and Cash Equivalents at Beginning of Period     510,868 370,320 370,320
Cash and Cash Equivalents at End of Period $ 94,978 $ 514,351 $ 94,978 $ 514,351 $ 510,868