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Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating Activities:    
Net Income $ 23,606,000 $ 18,925,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan and lease losses 2,225,000 2,150,000
Depreciation 1,993,000 1,639,000
Amortization of intangibles 1,002,000 557,000
Net amortization of security discounts/premiums 384,000 326,000
Amortization of operating lease right of use assets 844,000 857,000
Amortization of finance lease right of use asset 90,000 90,000
Earnings on cash surrender value of life insurance (508,000) (149,000)
Mortgage loans originated for sale (82,142,000) (178,492,000)
Proceeds from sales of mortgage loans originated for sale 84,916,000 185,016,000
Gain on sale of mortgage loans (834,000) (5,220,000)
SBA loans originated for sale (2,636,000) (4,894,000)
Proceeds from sales of SBA loans originated for sale 2,807,000 5,349,000
Gain on sale of SBA loans (110,000) (455,000)
Gain on disposal or write-down of property, plant, and equipment (71,000) (25,000)
Gain on sale or write-down of foreclosed assets (31,000) (19,000)
Loss on sale of bank premises and equipment held for sale 1,333,000  
Write-off of bank premises and equipment held for sale 705,000  
Accretion of subordinated debt (279,000)  
Stock compensation expense 459,000 305,000
Deferred income tax benefit (206,000) (1,597,000)
(Increase) decrease in accrued interest receivable (1,574,000) 2,333,000
(Increase) decrease in other assets (3,828,000) 3,633,000
(Decrease) increase in accrued interest payable (249,000) 115,000
Net change in operating lease liability (1,154,000) (877,000)
Decrease in other liabilities (7,301,000) (1,570,000)
Net Cash Provided By Operating Activities 19,441,000 27,997,000
Investing Activities:    
Proceeds from the maturity or call of available-for-sale securities 5,439,000 2,500,000
Purchases of available-for-sale securities (174,102,000) (4,892,000)
Proceeds from the maturity or call of held-to-maturity securities 9,620,000 22,757,000
Purchases of held-to-maturity securities (79,664,000) (47,818,000)
Reduction of restricted investment in bank stock 4,900,000 778,000
Net increase in loans and leases 75,753,000 111,987,000
Purchases of bank premises and equipment (2,549,000) (1,515,000)
Proceeds from the sale of bank premises and equipment 127,000 29,000
Proceeds from the sale of foreclosed assets 71,000 162,000
Net Cash Used In Investing Activities (311,911,000) (139,986,000)
Financing Activities:    
Net (decrease) increase in deposits (299,429,000) 307,544,000
Net increase in short-term borrowings   71,272,000
Common stock dividends paid (6,384,000) (4,301,000)
Treasury stock purchased (2,957,000) (128,000)
Riverview restricted stock adjustment 776,000  
Net change in finance lease liability (44,000) (43,000)
Long-term debt repayment (76,634,000) (115,000)
Net Cash (Used In) Provided By Financing Activities (384,496,000) 444,612,000
Net (decrease) increase in cash and cash equivalents (676,966,000) 332,623,000
Cash and cash equivalents, beginning of period 913,752,000 303,724,000
Cash and cash equivalents, end of period 236,786,000 636,347,000
Supplemental Disclosures of Cash Flow Information:    
Cash paid for interest 3,467,000 7,580,000
Cash paid for income taxes 3,500,000 5,820,000
Supplemental Noncash Disclosures:    
Recognition of operating lease right of use assets 115,000 1,064,000
Recognition of operating lease liabilities 115,000 1,064,000
Obsolete Riverview asset writeoff 705,000  
Loans transferred to foreclosed assets held for sale 109,000 20,000
Held-to-maturity securities purchased, not settled 524,000  
Employee [Member]    
Financing Activities:    
Proceeds from Stock Purchase Plan stock issuance 97,000 78,000
Director [Member]    
Financing Activities:    
Proceeds from Stock Purchase Plan stock issuance $ 79,000 67,000
Follow-on Public Offering [Member]    
Financing Activities:    
Proceeds from follow-on common stock public offering   $ 70,238,000