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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Operating Activities:      
Net Income $ 54,806 $ 29,319 $ 26,209
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for loan losses 4,300 2,945 4,200
Depreciation 4,283 3,316 3,204
Amortization of intangibles 2,012 1,180 1,398
Net amortization of security discounts/premiums 729 636 782
Noncash operating lease expense 1,755 1,698 1,670
Operating right of use asset abandonment 0 1,348 0
Amortization of finance lease right of use asset 180 180 180
Loss (gain) on sales of investment securities 0 (79) (467)
Earnings on cash surrender value of life insurance (1,013) (358) (301)
Mortgage loans originated for sale (138,611) (316,849) (356,158)
Proceeds from sales of mortgage loans originated for sale 149,257 341,155 348,756
Gain on sale of mortgage loans (1,607) (10,314) (9,682)
SBA loans originated for sale (5,310) (10,890) (6,487)
Proceeds from sales of SBA loans originated for sale 5,571 11,859 6,929
Gain on sale of SBA loans (262) (969) (442)
(Gain) loss on disposal or write-down of property, plant, and equipment (254) (105) 242
(Gain) loss on sale or write-down of foreclosed assets, net (133) (25) 333
Gain on sale of bank premises and equipment held for sale (797) 0 0
Write-off of bank premises and equipment held for sale 705 0 0
Accretion of subordinated debt (555) 0 0
Stock compensation expense 1,142 696 414
Deferred income tax benefit 2,262 484 (1,367)
Fair value adjustment on equity investments 70 0 0
Loss on sale of premises and equipment held for sale 1,989 0 0
(Increase) decrease accrued interest receivable (7,080) 3,562 (5,007)
Increase in other assets (13,261) (4,321) (1,971)
Increase (decrease) in accrued interest payable 510 (655) (201)
Decrease in operating lease liability (3,136) (1,781) (1,714)
Increase in other liabilities 2,439 13,867 3,549
Net Cash Provided By Operating Activities 59,991 65,899 14,069
Investing Activities:      
Proceeds from the sale of available-for-sale securities 0 5,178 101,739
Proceeds from the maturity or call of available-for-sale securities 14,574 2,856 8,538
Purchases of available-for-sale securities (213,976) (65,192) (78,542)
Proceeds from the maturity or call of held-to-maturity securities 14,942 42,416 107,583
Purchases of held-to-maturity securities (85,664) (243,987) (100,029)
Stock dividends of FHLB and other bank stock 289 345 360
Reduction (purchases) of restricted investment in bank stock 530 324 (3,052)
Net cash (paid) received from acquisition (901) 315,287 0
Net (increase) decrease in loans (411,800) 115,367 (623,153)
Purchases of bank premises and equipment (4,249) (3,497) (3,685)
Proceeds from the sale of premises and equipment 220 62 65
Proceeds from the sale of foreclosed assets 242 212 1,264
Net cash paid on branch sale (18,918) 0 0
Net Cash (Used In) Provided by Investing Activities (704,711) 169,371 (588,912)
Financing Activities:      
Net (decrease) increase in deposits (202,607) 446,045 562,186
Proceeds from long-term debt 0 0 70,000
Common stock dividends paid (12,735) (8,872) (6,504)
Proceeds from Employee and Director Stock Purchase Plan stock issuance 364 307 311
Proceeds from issuance of common stock [1] 0 70,238 0
Treasury stock purchased (2,957) (128) (1,795)
Riverview restricted stock (2) [2] 776 0 0
Net change in finance lease liability (90) (87) (83)
Net change in short-term borrowings 102,647 (125,617) 125,617
Long-term debt repayment (76,771) (258) (27,705)
Subordinated debt redemption and trust preferred securities (16,778) (6,870) (9,640)
Subordinated debt issuance 0 0 27,150
Net Cash (Used In) Provided By Financing Activities (208,151) 374,758 739,537
Net (decrease) increase in cash and cash equivalents (852,871) 610,028 164,694
Cash and cash equivalents, beginning of period 913,752 303,724 139,030
Cash and cash equivalents, end of period 60,881 913,752 303,724
Supplemental Disclosures of Cash Flow Information:      
Cash paid for interest 17,255 14,970 19,928
Cash paid for income taxes 7,552 6,950 7,740
Supplemental Noncash Disclosures:      
Recognition of operating lease right of use assets 0 1,944 385
Recognition of operating lease liabilities 1,498 1,944 370
Obsolete Riverview asset write-off 705 0 0
Loans transferred to foreclosed assets held for sale 152 53 1,535
Common Stock issued to Riverview shareholders 0 4,520 0
Dividends declared and not paid before year-end 0 0 421
Carrying value of assets sold in branch sale 2,159 0 0
Liabilities assigned in branch sale 21,076 0 0
Fair value of assets acquired in business combination, excluding cash [3] 0 905,847 0
Goodwill recorded 0 50,995 0
Goodwill measurement period adjustment 36 0 0
Liabilities assumed in business combination $ 0 $ 1,129,937 $ 0
[1] Shares issued in offering were net of expenses of $4.6 million.
[2] Additionally, 2,500 shares of restricted stock were paid out in cash resulting in $776 thousand of cash consideration relating to stock awards.
[3] This disclosure includes the impact of the acquisition of Riverview Financial Corporation on November 30, 2021. See "Note 2 - Business Combinations" to the Consolidated Financial Statements for more information.