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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Operating activities      
Net income $ 17,780,000 $ 11,696,000 $ 40,005,000
Adjustments to reconcile net income to net cash provided by operating activities      
Deferred income taxes (3,983,000) 893,000 913,000
Provision for credit losses 18,141,000 2,057,000 0
Depreciation and amortization 9,842,000 8,525,000 8,467,000
Amortization and accretion of premiums/discounts on investment securities 1,499,000 2,047,000 3,387,000
Amortization of operating lease right-of-use assets 5,038,000 (15,000) (229,000)
Stock-based compensation cost 1,650,000 1,628,000 1,904,000
Originations of loans held for sale (305,019,000) (296,831,000) (604,763,000)
Proceeds on loans held for sale 309,905,000 302,252,000 653,302,000
Realized loss (gain) on loans sold (8,995,000) (7,323,000) (11,616,000)
Servicing rights capitalized upon sale of mortgage loans (224,000) 0 0
(Increase) in value of bank-owned life insurance (862,000) (877,000) (835,000)
Realized loss (gain) on sale of premises and equipment (3,941,000) 50,000 33,000
Realized loss (gain) on derivative instruments (126,000) 365,000 2,006,000
Realized loss (gain) on sale of foreclosed assets (1,000) (17,000) 71,000
Realized loss (gain) on sale of investment securities 0 24,643,000 0
Realized loss (gain) on BOLI mortality 0 (1,196,000) 0
Change in fair value of mortgage servicing rights (197,000) 0 0
Realized loss (gain) on servicing rights 0 (3,000) (702,000)
Realized loss (gain) on sale of ESOP trustee line of business 0 (2,775,000) 0
Net change in:      
Accrued interest receivable (1,345,000) (2,831,000) (3,241,000)
Other assets 1,288,000 (5,676,000) 5,291,000
Accrued expenses and other liabilities (11,490,000) (7,728,000) 8,973,000
Net cash provided (used) by operating activities 28,960,000 28,884,000 102,966,000
Investing activities      
Proceeds from sales of trading investment securities 9,020,000 0  
Purchases of trading investment securities (11,757,000) 0  
Proceeds from sales or calls of investment securities available-for-sale 130,415,000 171,758,000 0
Proceeds from maturities of investment securities available-for-sale 54,709,000 67,346,000 105,633,000
Purchases of investment securities available-for-sale (98,350,000) 0 (95,600,000)
Proceeds from calls of investment securities held-to-maturity 613,000 242,000 963,000
Proceeds from maturities and paydowns of investment securities held-to-maturity 22,223,000 20,623,000 27,429,000
Net (increase) decrease in loans (441,686,000) (314,620,000) (416,150,000)
Net (increase) decrease in FHLB stock 2,910,000 2,796,000 (15,556,000)
Net cash received (paid) for business combinations 8,610,000 0 101,511,000
Purchases of BOLI (1,935,000) 0  
Proceeds from BOLI mortality claim 0 2,828,000 0
Proceeds from sale of premises and equipment 7,460,000    
Purchases of premises and equipment (12,370,000) (3,173,000) (1,789,000)
Proceeds from sales of foreclosed assets 105,000 210,000 937,000
Net cash provided (used) by investing activities (330,033,000) (51,990,000) (292,622,000)
Financing activities      
Net increase (decrease) in deposits 324,950,000 180,127,000 (358,752,000)
Net increase (decrease) in short-term borrowings (76,810,000) (63,910,000) 378,080,000
Repayments of long-term debt 0 0 (203,000)
Cash dividends paid on common stock (15,445,000) (14,822,000) (12,800,000)
Repurchase of common stock (276,000) (6,638,000) (738,000)
Net cash provided (used) by financing activities 232,419,000 94,757,000 5,587,000
Net change in cash and cash equivalents (68,654,000) 71,651,000 (184,069,000)
Cash and cash equivalents at beginning of year 129,893,000 58,242,000 242,311,000
Cash and cash equivalents at end of year 61,239,000 129,893,000 58,242,000
Supplemental Cash Flow Disclosures      
Interest paid 110,016,000 72,644,000 15,095,000
Income taxes paid 448,000 10,840,000 12,531,000
Cash dividends declared, not paid 5,073,000 3,757,000 3,615,000
Cash and cash equivalents acquired 0 0 101,696,000
Supplemental Disclosures of Noncash Investing and Financing Activities      
Loan collateral transferred to foreclosed assets (73,000) (195,000) (153,000)
Loan collateral transferred to foreclosed assets 73,000 195,000 153,000
Premises and equipment transferred to other assets 2,086,000 0
Right-of-use assets obtained in exchange for new operating lease liabilities, net 9,373,000 1,868,000 4,266,000
Change in fair value hedges presented within residential real estate loans and other assets 98,000 (98,000) 0
Noncash assets acquired 1,021,762,000 0 297,745,000
Liabilities assumed (979,117,000) 0 (354,358,000)
Issuance of common stock for the acquisition (123,602) 0 (64,019)
Net noncash acquired $ (80,957,000) $ 0 $ (120,632,000)