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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Operating Activities:      
Net Income $ 49,437 $ 37,397 $ 54,806
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for credit losses 1,516 3,699 4,300
Depreciation 4,866 4,900 4,283
Amortization of intangibles 1,784 1,780 2,012
Net amortization of security discounts/premiums 397 472 729
Noncash operating lease expense 2,184 1,945 1,755
Amortization of finance lease right of use asset 179 180 180
Earnings on cash surrender value of life insurance (1,141) (1,112) (1,013)
Mortgage loans originated for sale (113,741) (82,714) (138,611)
Proceeds from sales of mortgage loans originated for sale 113,008 82,687 149,257
Gain on sale of mortgage loans (2,476) (1,353) (1,607)
SBA loans originated for sale (4,603) (11,211) (5,310)
Proceeds from sales of SBA loans originated for sale 4,951 10,640 5,571
Gain on sale of SBA loans (347) (571) (262)
(Loss)/Gain on sale of property, plant, and equipment (10) 0 938
Loss (Gain) on sale of foreclosed assets, net 80 (144) (133)
Write-off of bank premises and equipment held for sale 0 0 705
Accretion of subordinated debt (613) (587) (555)
Stock compensation expense 1,047 1,103 1,142
Change in deferred income tax cost/(benefit) 1,516 (1,551) 2,262
Fair value adjustment on equity investments 0 0 70
Increase accrued interest receivable (1,026) (6,244) (7,080)
(Increase)/Decrease in other assets (4,988) 9,736 (13,261)
(Decrease)/Increase in accrued interest payable (773) 10,043 510
Decrease in operating lease liability (2,123) (2,540) (3,136)
Increase/(Decrease) in other liabilities 2,264 (4,214) 2,439
Net Cash Provided By Operating Activities 51,388 52,341 59,991
Investing Activities:      
Proceeds from the sale of available-for-sale securities 0 1,751 0
Proceeds from the maturity or call of available-for-sale securities 33,756 16,611 14,574
Purchases of available-for-sale securities (72,712) 0 (213,976)
Proceeds from the maturity or call of held-to-maturity securities 16,356 10,490 14,942
Purchases of held-to-maturity securities 0 0 (85,664)
Stock dividends of FHLB and other bank stock 1,288 864 289
Reduction (Purchases) of restricted investment in bank stock 8,019 (9,317) 530
Net cash (paid)/received from acquisition (2,676) 1,068 (901)
Net increase in loans (190,658) (424,939) (411,800)
Purchases of bank premises and equipment (6,916) (2,770) (4,249)
Proceeds from the sale of premises and equipment 163 0 220
Proceeds from the sale of foreclosed assets 359 1,256 242
Proceeds from bank-owned life insurance 6,683 774 0
Gain on bank-owned life insurance (2,566) (125) 0
Net change in investments in tax credits and other partnerships 162 (4,588) 0
Net cash paid on branch sale 0 0 (18,918)
Net Cash Used in Investing Activities (208,742) (408,925) (704,711)
Financing Activities:      
Net increase/(Decrease) in deposits 343,715 286,498 (202,607)
Proceeds from long-term debt 0 25,000 0
Common stock dividends paid (13,822) (12,981) (12,735)
Proceeds from Employee and Director Stock Purchase Plan stock issuance 561 482 364
Proceeds from public offering of common stock [1] 75,956 0 0
Treasury stock purchased (323) (4,876) (2,957)
Riverview restricted stock [2] 0 0 776
Net change in finance lease liability (134) (93) (90)
Net change in short-term borrowings (239,532) 138,885 102,647
Long-term debt repayment (35,266) (30,449) (76,771)
Subordinated debt redemption and trust preferred securities 0 (10,000) (16,778)
Net Cash Provided by Financing Activities 131,155 392,466 (208,151)
Net increase/(decrease) in cash and cash equivalents (26,199) 35,882 (852,871)
Cash and cash equivalents, beginning of period 96,763 60,881 913,752
Cash and cash equivalents, end of period 70,564 96,763 60,881
Supplemental Disclosures of Cash Flow Information:      
Cash paid for interest 130,685 77,413 17,255
Cash paid for income taxes 853 7,965 7,552
Supplemental Noncash Disclosures:      
Recognition of operating lease right of use assets 930 2,100 0
Recognition of operating lease liabilities 930 2,100 1,498
Obsolete Riverview asset write-off 0 0 705
Loans transferred to foreclosed assets held for sale 164 1,362 152
Carrying value of assets sold in branch sale 0 0 2,159
Liabilities assigned in branch sale 0 0 21,076
Fair value of assets acquired in business combination, excluding cash [2],[3] 1,547 362,070 0
Goodwill recorded [2],[3] 1,129 12,800 0
Liabilities assumed in business combination [3] 0 345,043 0
Fair value of common stock issued [1] $ 0 $ 18,095 $ 0
[1] Additionally, 2,500 shares of restricted stock were paid out in cash resulting in $776 thousand of cash consideration relating to stock awards.
[2] Includes the impact of the Insurance Acquisition on July 31, 2024. See "Note 2 - Business Combinations" to the Consolidated Financial Statement for additional information.
[3] This disclosure includes the impact of the Brunswick Acquisition on May 19, 2023. See "Note 2 - Business Combinations" to the Consolidated Financial Statements for more information.