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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 33,328 $ 27,681
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation expense 1,462 1,609
Provision for credit losses 1,703 5,980
Net amortization of debt securities 1,998 2,999
Deferred income tax expense 722 802
Stock-based compensation 885 951
Net accretion of discount and deferred loan fees on loans (3,572) (3,378)
Net realized loss on sales of securities 3,382 1,007
Net unrealized loss on equity securities 112 15
Net loss (gain) on disposals of bank premises and equipment 55 (32)
Net gain on sales of bank premises held for sale 0 (75)
Impairment losses on bank premises held for sale 580 0
Net gain on sales of foreclosed assets (95) (68)
Write-down of foreclosed assets 36 175
Amortization of intangibles 1,420 1,230
Decrease in mortgage servicing rights 17 483
Amortization of discount and issuance costs on subordinated notes and debentures 70 71
Amortization of discount on Federal Home Loan Bank advances 204 172
Amortization of premium on time deposits (57) (239)
Mortgage loans originated for sale (28,101) (35,682)
Proceeds from sale of mortgage loans 30,302 29,729
Net gain on sale of mortgage loans (741) (649)
Increase in cash surrender value of bank owned life insurance (330) (255)
Decrease in accrued interest receivable 2,109 2,719
Decrease (increase) in other assets (4,937) 4,864
Increase (decrease) in other liabilities 6,017 (3,978)
Net cash provided by operating activities 46,569 36,131
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from maturities of interest-bearing time deposits with banks 0 249
Purchase of interest-bearing time deposits with banks (11) 0
Proceeds from sales of debt securities 66,812 145,844
Proceeds from sales and redemptions of equity securities 58 0
Proceeds from paydowns, maturities, and calls of debt securities 58,497 50,540
Purchase of debt securities (27,753) (2,640)
Purchase of equity securities (146) (345)
Purchase of loans (4,448) (36,964)
Net decrease in loans 26,101 51,609
Purchase of restricted stock 0 (11,622)
Proceeds from redemption of restricted stock 2,074 11,064
Purchases of bank premises and equipment (2,975) (1,495)
Proceeds from sales of bank premises and equipment 0 151
Proceeds from sales of bank premises held for sale 0 310
Proceeds from sales of foreclosed assets 965 284
Net cash paid for acquisition of Town and Country 0 (14,454)
Net cash provided by investing activities 119,174 192,531
CASH FLOWS FROM FINANCING ACTIVITIES    
Net decrease in deposits (82,687) (142,679)
Net decrease in repurchase agreements (13,112) (4,352)
Net increase (decrease) in Federal Home Loan Bank advances 907  
Net increase (decrease) in Federal Home Loan Bank advances   (69,039)
Taxes paid related to the vesting of restricted stock units (331) (181)
Repurchase of common stock (4,423) (5,776)
Cash dividends and dividend equivalents paid (12,109) (10,986)
Net cash used in financing activities (111,755) (233,013)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 53,988 (4,351)
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 141,252 114,159
CASH AND CASH EQUIVALENTS AT END OF PERIOD 195,240 109,808
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Cash paid for interest 31,206 11,815
Net cash paid for income taxes 9,801 8,997
SUPPLEMENTAL DISCLOSURES OF NONCASH INVESTING ACTIVITIES    
Transfers of loans to foreclosed assets 374 170
Transfers of bank premises and equipment to bank premises held for sale $ 317 $ 35