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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 $ 34,410 $ 27,699
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 3,825 3,894
Net (accretion) amortization of (discounts) premiums on securities (2,235) 1,456
Provision (benefit) for credit losses 5,490 (3,415)
Share-based compensation 1,460 1,315
Deferred income tax expense 843 2,384
Proceeds from sale of loans held for sale 16,049 19,920
Originations of loans held for sale (15,868) (20,437)
Income on company owned life insurance (5,742) (2,658)
Net gain on sale of loans held for sale (257) (212)
Net gain on sale or call of investment securities (3) 0
Net gain on sale of assets of subsidiary 0 (13,520)
Net loss on sale of other assets 0 25
Decrease in other assets 15,854 10,134
(Decrease) increase in other liabilities (49,546) 21,379
Net cash provided by operating activities 4,280 47,964
Cash flows from investing activities:    
Purchases of available for sale securities (93,434) (124,748)
Purchases of held to maturity securities (2,045) (762)
Proceeds from principal payments, maturities and calls on available for sale securities 40,833 130,587
Proceeds from principal payments, maturities and calls on held to maturity securities 25,868 20,527
Proceeds from sales of available for sale securities 64,955 0
Net increase in loans (63,217) (3,572)
Purchase of company owned life insurance, net (72,905) (12)
Proceeds received from surrender of company owned life insurance 73,958 0
Proceeds from sale of assets of subsidiary 0 27,000
Purchases of premises and equipment (2,412) (2,125)
Net cash (used in) provided by investing activities (28,399) 46,895
Cash flows from financing activities:    
Net increase (decrease) in deposits 51,283 (79,591)
Net increase in short-term borrowings 2,000 17,000
Repayment of long-term borrowings (10,000) 0
Purchases of common stock for treasury (481) (396)
Cash dividends paid to common and preferred shareholders (12,970) (9,967)
Net cash provided by (used in) financing activities 29,832 (72,954)
Net increase in cash and cash equivalents 5,713 21,905
Cash and cash equivalents, beginning of period 87,321 124,442
Cash and cash equivalents, end of period $ 93,034 $ 146,347