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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities    
Net income $ 17,239 $ 18,983
Adjustments to reconcile net income to net cash provided by operating activities:    
Net premium amortization (discount accretion) 542 (812)
Depreciation and amortization expense 2,374 2,692
Provision for loan losses 2,075 (375)
Share-based compensation 867 945
Gains on sales of loans originated for sale (395) (2,791)
Mortgage loans originated for sale (56,420) (104,190)
Proceeds from sales of loans originated for sale 55,482 109,877
Gains on sale of portfolio loans (306) 0
Net loss on disposal of premises and equipment 15 0
Deferred income tax expense (benefit) 1,517 (2,371)
Investment securities losses (gains) 149 (156)
Income from life insurance (1,159) (1,121)
(Increase) decrease in accrued interest receivable (191) 997
Increase in other liabilities 9,279 1,449
Other, net (5,777) (3,292)
Net cash provided by operating activities 25,291 19,835
Cash flows from investing activities    
Proceeds from sales of AFS securities 3,075 75,719
Maturities, repayments and calls of AFS securities 33,480 21,227
Purchases of AFS securities (121,487) (76,858)
Net redemptions of restricted investments in bank stocks 752 872
Distributions from investments in limited partnerships 1,146 0
Net (increase) decrease in loans (39,208) 35,337
Proceeds from sales of portfolio loans 4,443 0
Purchases of bank premises and equipment (472) (556)
Death benefit proceeds from life insurance contracts 142 0
Net cash (used in) provided by investing activities (118,129) 55,741
Cash flows from financing activities    
Net increase in deposits 13,681 137,200
Net increase in borrowings with original maturities less than 90 days 986 3,406
Payments on FHLB advances and other borrowings (218) (208)
Dividends paid (4,216) (4,030)
Acquisition of treasury stock (14,056) 0
Shares repurchased as treasury stock for employee taxes associated with restricted stock vesting (232) (514)
Proceeds from issuance of employee stock purchase plan shares 89 74
Net cash (used in) provided by financing activities (3,966) 135,928
Net (decrease) increase in cash and cash equivalents (96,804) 211,504
Cash and cash equivalents at beginning of period 208,710 125,258
Cash and cash equivalents at end of period 111,906 336,762
Cash paid during the period for:    
Interest 2,400 3,900
Income taxes 1,725 2,100
Supplemental schedule of noncash activities:    
Loans transferred from LHFS to portfolio loans $ 1,510 $ 0