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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Dec. 31, 2023
Cash Flows from Operating Activities          
Net income     $ 17,557 $ 17,244  
Adjustments to reconcile net income to net cash from operating activities:          
Depreciation     3,052 2,587  
Amortization of premiums on available-for-sale securities, net     905 1,150  
Capitalized additions to servicing rights     (570) (2,567)  
Servicing rights amortization and impairment $ 219 $ 106 574 429  
Amortization of core deposit intangible     1,242 1,242  
Amortization of customer list intangible     92 92  
Net accretion of fair value adjustments     (2,063) (2,909)  
Amortization of subordinated note issuance costs     87 87  
Stock-based compensation expense     1,068 949  
Director stock award     186 180  
Provision for credit losses - loans 282 460 598 1,420 $ 1,698
Provision for credit losses - off balance sheet credit exposures (267) (76) (551) (143)  
Gain on sale of loans held for sale (215) (294) (636) (469)  
Originations of loans held for sale     (36,545) (26,337)  
Proceeds from sale of loans held for sale     37,051 26,594  
Gain on derivatives     (62) 0  
(Gain) loss on sale of other assets owned   49 (49) 49  
Loss on sales of securities available-for-sale     0 891  
Increase in cash surrender value of bank owned life insurance (265) (221) (717) (618)  
Change in other assets and other liabilities, net     8,645 (8,307)  
Net cash provided by operating activities     29,864 11,564  
Activity in available-for-sale securities:          
Maturities, prepayments and calls     21,029 16,940  
Sales       21,963  
Purchases     (56,137)    
Activity in other securities, at cost:          
Sales       1,573  
Purchases     (1,789) (8,769)  
Proceeds from redemption of FHLB stock     1,518    
Change in interest-bearing time deposits     13 1,453  
Proceeds from sale of other assets owned     89 216  
Additions to premises and equipment     (1,142) (8,995)  
Loan originations and principal collections, net     45,672 (170,471)  
Net cash provided by (used in) investing activities     9,253 (146,090)  
Cash Flows from Financing Activities          
Net change in deposits     77,350 106,820  
Net change in federal funds purchased and securities sold under agreements to repurchase     (926) (23,679)  
Proceeds from FHLB advances     15,000 345,000  
Repayment of FHLB advances     (17,650) (206,146)  
Repayment of other borrowings       (10,000)  
Purchase of treasury stock     (664) (199)  
Cash dividends paid on common stock     (8,924) (8,497)  
Net cash provided by financing activities     64,186 203,299  
Net Increase in Cash and Cash Equivalents     103,303 68,773  
Cash and Cash Equivalents - Beginning of year     142,201 84,409 84,409
Cash and Cash Equivalents - End of period $ 245,504 $ 153,182 245,504 153,182 $ 142,201
Supplemental cash flow information:          
Interest paid     57,571 37,055  
Income taxes paid     1,900 5,000  
Supplemental noncash disclosures:          
Cash dividends declared not paid     $ 2,998 $ 2,838