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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash Flows from Operating Activities      
Net income $ 32,515 $ 23,495 $ 20,095
Adjustments to reconcile net income to net cash from operating activities:      
Depreciation 2,739 2,610 2,531
Amortization of premiums on available-for-sale securities, net 2,090 2,203 1,289
Servicing rights amortization and impairment 145 1,580 1,031
Amortization of core deposit intangible 1,011 677 720
Amortization of customer list intangible 123 123 16
Net amortization (accretion) of fair value adjustments (4,531) (1,231) 455
Amortization of subordinated note issuance costs 115 50  
Stock-based compensation expense 899 822 1,024
Director stock awards 120 73 48
Deferred income taxes 171 (1,805) (1,691)
Provision for loan loss 4,600 3,444 6,981
Gain on sale of loans held for sale (1,353) (3,897) (4,022)
Originations of loans held for sale (69,410) (121,172) (210,029)
Proceeds from sale of loans held for sale 77,650 125,095 210,559
(Gain) loss on sale of other assets owned (259) 434 7
Gain on sales of available-for-sale securities   (293) (270)
Increase in cash surrender value of bank owned life insurance (691) (636) (359)
Gain on bank owned life insurance     (430)
Change in other assets and other liabilities, net (5,265) 3,169 (573)
Net cash provided by operating activities 40,669 34,741 27,382
Activity in available-for-sale securities:      
Maturities, prepayments and calls 31,064 56,310 91,003
Sales   9,292 11,843
Purchases (38,377) (170,629) (183,563)
Activity in other securities, at cost:      
Purchases (1,615) (670) (129)
Purchase of bank owned life insurance     (10,000)
Proceeds from bank owned life insurance     816
Change in interest-bearing time deposits 6,471 20,216 (344)
Proceeds from redemption of FHLB stock 1,249 1,522  
Proceeds from sales of other assets owned 440 457 226
Additions to premises and equipment (2,600) (1,965) (3,222)
Loan originations and principal collections, net (395,610) (167,867) (84,354)
Net cash used in investing activities (389,904) (265,694) (177,724)
Cash Flows from Financing Activities      
Net change in deposits 165,861 170,785 307,648
Net change in federal funds purchased and securities sold under agreements to repurchase 24,938 (971) (17,834)
Proceeds of FHLB advances 140,000    
Repayment of FHLB advances (37,394) (157) (7,493)
Proceeds (Repayment) of other borrowings (30,000) 40,000  
Purchase of treasury stock (308) (338) (383)
Proceeds from issuance of subordinated notes   34,421  
Cash dividends paid on common stock (10,276) (7,670) (7,186)
Net cash provided by financing activities 252,821 236,070 274,752
Net Increase (Decrease) in Cash and Cash Equivalents (96,414) 5,117 124,410
Cash and Cash Equivalents - Beginning of Year 180,823 175,706 51,296
Cash and Cash Equivalents - End of Year 84,409 180,823 175,706
Supplemental cash flow information:      
Interest paid 13,748 7,048 10,093
Income taxes paid 7,702 6,150 6,473
Supplemental noncash disclosures:      
Transfer of loans to other real estate owned   287 71
Cash dividends declared not paid 2,832 2,461 1,889
Treasury stock repurchased (308) (338) (383)
Ossian Financial Services, Inc. [Member]      
Activity in other securities, at cost:      
Acquisition, net of cash received   228  
Supplemental noncash disclosures:      
Fair value of assets acquired   137,058  
Cash paid for the capital stock   20,001  
Liabilities assumed   117,057  
Perpetual Federal Savings Bank [Member]      
Activity in other securities, at cost:      
Acquisition, net of cash received   (12,588)  
Supplemental noncash disclosures:      
Fair value of assets acquired   420,162  
Less: common stock issued   41,078  
Cash paid for the capital stock   59,234  
Liabilities assumed   $ 319,850  
Peoples Federal Savings And Loan [Member]      
Activity in other securities, at cost:      
Acquisition, net of cash received 9,074    
Supplemental noncash disclosures:      
Fair value of assets acquired 141,818    
Less: common stock issued 13,446    
Treasury stock repurchased (3)    
Cash paid for the capital stock 9,806    
Liabilities assumed $ 118,569    
Adams County Financial Resources [Member]      
Supplemental noncash disclosures:      
Fair value of assets acquired     825
Less: common stock issued     $ 825