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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Operating Activities:    
Net Income $ 23,904 $ 16,063
Adjustments to reconcile net income to net cash provided by operating activities:    
(Benefit)/Provision for credit losses - CCL 667 2,276
Depreciation 2,433 2,393
Amortization of intangibles 853 805
Net amortization of security discounts/premiums 201 247
Noncash operating lease expense 1,028 1,028
Amortization of finance lease right of use asset 89 90
Earnings on cash surrender value of life insurance (585) (546)
Mortgage loans originated for sale (50,023) (53,679)
Proceeds from sales of mortgage loans originated for sale 46,510 49,567
Gain on sale of mortgage loans (1,052) (671)
SBA loans originated for sale (2,437) (2,080)
Proceeds from sales of SBA loans originated for sale 2,618 2,208
Gain on sale of SBA loans (181) (128)
Gain on sale of property, plant, and equipment (43) (59)
Loss/(Gain) on sale or write-down of foreclosed assets 42 (126)
Accretion of subordinated debt (307) (293)
Stock compensation expense 590 500
Change in deferred income tax benefit (178) (1,148)
Increase accrued interest receivable (1,561) (50)
Decrease (Increase) in other assets (2,263) 490
Increase in accrued interest payable 3,882 6,901
Decrease in operating lease liability (941) (1,167)
Increase in other liabilities 7,196 1,879
Net Cash Provided By Operating Activities 30,442 24,500
Investing Activities:    
Proceeds from the sale of available-for-sale securities 0 1,751
Proceeds from the maturity or call of available-for-sale securities 13,164 7,927
Proceeds from the maturity or call of held-to-maturity securities 5,642 4,968
Stock dividends of FHLB and other bank stock 682 289
Reduction (Purchases) of restricted investment in bank stock 2,156 (3,620)
Net cash received from acquisition 0 1,068
Net increase in loans (111,525) (207,306)
Purchases of bank premises and equipment (646) (1,837)
Proceeds from the sale of premises and equipment 821 59
Proceeds from the sale of foreclosed assets 0 374
Proceeds from bank-owned life insurance 1,784 774
Gain on bank-owned life insurance 0 (125)
Net change in investments in tax credits and other partnerships (976) (4,854)
Net Cash Used in Investing Activities (88,898) (200,532)
Financing Activities:    
Net increase in deposits 150,799 225,736
Proceeds from long-term debt 0 25,000
Common stock dividends paid (6,630) (6,358)
Proceeds from Employee and Director Stock Purchase Plan stock issuance 281 206
Treasury stock purchased (323) (4,580)
Net change in finance lease liability (63) (46)
Net change in short-term borrowings (41,532) 9,795
Long-term debt repayment (35,113) (30,727)
Subordinated debt redemption and trust preferred securities 0 (10,000)
Net Cash Provided by Financing Activities 67,419 209,026
Net increase in cash and cash equivalents 8,963 32,994
Cash and cash equivalents, beginning of period 96,763 60,881
Cash and cash equivalents, end of period 105,726 93,875
Supplemental Disclosures of Cash Flow Information:    
Cash paid for interest 60,326 25,500
Cash paid for income taxes 0 3,970
Supplemental Noncash Disclosures:    
Recognition of operating lease right of use assets 0 1,336
Recognition of operating lease liabilities 0 1,336
Loans transferred to foreclosed assets held for sale 164 693
Fair value of assets acquired in business combinations, excluding cash [1] 0 362,070
Goodwill recorded [1] 0 12,800
Liabilities assumed in business combination [1] 0 345,043
Stock issued in business combination [1] $ 0 $ 18,095
[1] Additionally, 2,500 shares of restricted stock were paid out in cash resulting in $776 thousand of cash consideration relating to stock awards