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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 $ 22,787 $ 32,515 $ 23,495
Adjustments to reconcile net income to net cash from operating activities:      
Depreciation 3,383 2,739 2,610
Amortization of premiums on available-for-sale securities, net 1,500 2,090 2,203
Capitalized additions to servicing rights (2,710) (537) (1,417)
Servicing rights amortization and impairment 611 145 1,580
Amortization of core deposit intangible 1,657 1,011 677
Amortization of customer list intangible 123 123 123
Net accretion of fair value adjustments (3,569) (4,531) (1,231)
Amortization of subordinated note issuance costs 116 115 50
Stock-based compensation expense 1,281 899 822
Director stock awards 180 120 73
Deferred income taxes 2,228 171 (1,805)
Provision for credit losses - loans 1,698 4,600 3,444
Provision for credit losses-Off balance sheet credit exposures 46    
Gain on sale of loans held for sale (699) (1,353) (3,897)
Originations of loans held for sale (36,399) (69,410) (121,172)
Proceeds from sale of loans held for sale 36,349 77,650 125,095
Gain on derivatives (40)    
(Gain) loss on sale of other assets owned 135 (259) 434
(Gain) loss on sales of available-for-sale securities 891   (293)
Increase in cash surrender value of bank owned life insurance (834) (691) (636)
Change in other assets and other liabilities, net (6,588) (4,728) 4,586
Net cash provided by operating activities 22,146 40,669 34,741
Activity in available-for-sale securities:      
Maturities, prepayments and calls 24,021 31,064 56,310
Sales 21,963   9,292
Purchases (4,392) (38,377) (170,629)
Activity in other securities, at cost:      
Purchases (9,004) (1,615) (670)
Change in interest-bearing time deposits 1,702 6,471 20,216
Proceeds from redemption of FHLB stock 1,665 1,249 1,522
Proceeds from sales of other assets owned 219 440 457
Additions to premises and equipment (10,929) (2,600) (1,965)
Loan originations and principal collections, net (219,333) (395,610) (167,867)
Net cash used in investing activities (194,088) (389,904) (265,694)
Cash Flows from Financing Activities      
Net change in deposits 138,939 165,861 170,785
Net change in federal funds purchased and securities sold under agreements to repurchase (25,988) 24,938 (971)
Proceeds of FHLB advances 324,000 140,000  
Repayment of FHLB advances (185,664) (37,394) (157)
Proceeds (Repayment) of other borrowings (10,000) (30,000) 40,000
Purchase of treasury stock (218) (308) (338)
Proceeds from issuance of subordinated notes     34,421
Cash dividends paid on common stock (11,335) (10,276) (7,670)
Net cash provided by financing activities 229,734 252,821 236,070
Net Increase (Decrease) in Cash and Cash Equivalents 57,792 (96,414) 5,117
Cash and Cash Equivalents - Beginning of Year 84,409 180,823 175,706
Cash and Cash Equivalents - End of Year 142,201 84,409 180,823
Supplemental cash flow information:      
Interest paid 55,119 13,748 7,048
Income taxes paid 5,421 7,702 6,150
Supplemental noncash disclosures:      
Transfer of loans to other real estate owned     287
Cash dividends declared not paid 2,974 2,832 2,461
Treasury stock repurchased $ (218) (308) (338)
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