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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities      
Net income $ 22,037,000 $ 32,881,000 $ 26,463,000
Adjustments to reconcile net income to net cash provided by operating activities:      
Net premium amortization (discount accretion) 1,893,000 (436,000) (4,481,000)
Depreciation and amortization expense 4,620,000 5,305,000 6,573,000
Impairment of intangibles 0 0 153,000
Provision for loan losses 4,160,000 1,090,000 5,325,000
Share-based compensation 2,154,000 1,949,000 2,092,000
Gains on sales of loans originated for sale (1,283,000) (5,222,000) (5,631,000)
Fair value adjustment on loans held for sale 1,373,000 255,000 (436,000)
Mortgage loans originated for sale (82,708,000) (197,167,000) (207,051,000)
Proceeds from sales of loans originated for sale 77,291,000 204,102,000 208,987,000
Gains on sale of portfolio loans (306,000) 0 (2,803,000)
Net (gain) loss on disposal of OREO and premises held for sale 0 (327,000) 152,000
Writedown of premises held for sale 1,297,000 0 544,000
Net loss on disposal of premises and equipment 530,000 22,000 2,000
Deferred income tax (benefit) expense (591,000) 942,000 (1,973,000)
Investment securities losses (gains) 160,000 (638,000) 16,000
Provision for legal settlement 13,000,000 0 0
Payment of legal settlement (13,000,000) 0 0
Return on investments in limited partnerships (976,000) 0 0
Loss (gain) on derivative terminations 0 514,000 (226,000)
Income from life insurance (2,339,000) (2,273,000) (2,261,000)
(Increase) decrease in accrued interest receivable (2,793,000) 693,000 (2,887,000)
Increase in other liabilities 20,492,000 1,167,000 953,000
Other, net (8,819,000) (2,046,000) 6,660,000
Net cash provided by operating activities 36,192,000 40,811,000 30,171,000
Cash flows from investing activities      
Proceeds from sales of AFS securities 31,330,000 149,038,000 0
Maturities, repayments and calls of AFS securities 50,105,000 39,082,000 56,239,000
Purchases of AFS securities (181,529,000) (195,049,000) (26,691,000)
Net (purchases) redemptions of restricted investments in bank stocks (3,390,000) 3,311,000 5,621,000
Net distributions from investments in limited partnerships 1,410,000 0 0
Net (increase) decrease in loans (172,607,000) 1,396,000 (349,947,000)
Proceeds from sales of portfolio loans 4,443,000 385,000 22,665,000
Purchases of bank premises and equipment (895,000) (1,254,000) (1,303,000)
Proceeds from disposal of OREO and premises held for sale 0 1,078,000 4,096,000
Purchases of bank owned life insurance 0 0 (3,636,000)
Death benefit proceeds from life insurance contracts 142,000 0 391,000
Net cash used in investing activities (270,991,000) (2,013,000) (292,565,000)
Cash flows from financing activities      
Net increase in deposits 11,307,000 108,020,000 481,277,000
Net increase (decrease) in borrowings with original maturities less than 90 days 98,634,000 3,835,000 (135,402,000)
Proceeds from FHLB advances and other borrowings 0 0 126,599,000
Payments on FHLB advances and other borrowings (441,000) (56,149,000) (131,622,000)
Settlement of terminated derivatives 0 (525,000) 218,000
Dividends paid (8,264,000) (8,280,000) (7,610,000)
Acquisition of treasury stock (14,172,000) (1,869,000) (1,170,000)
Shares repurchased as treasury stock for employee taxes associated with restricted stock vesting (285,000) (514,000) (717,000)
Proceeds from issuance of employee stock purchase plan shares 133,000 136,000 116,000
Net cash provided by financing activities 86,912,000 44,654,000 331,689,000
Net (decrease) increase in cash and cash equivalents (147,887,000) 83,452,000 69,295,000
Cash and cash equivalents at beginning of year 208,710,000 125,258,000 55,963,000
Cash and cash equivalents at end of year 60,823,000 208,710,000 125,258,000
Supplemental disclosure of cash flow information:      
Cash paid for interest 8,721,000 6,805,000 16,665,000
Cash paid for income taxes 4,900,000 4,400,000 550,000
Supplemental schedule of noncash investing and financing activities:      
Loans transferred from LHFS to portfolio loans 1,510,000 0 0
Premises and equipment transferred to held for sale 2,991,000 0 0
Lease liabilities arising from obtaining ROU assets 94,000 2,865,000 400,000
Deposits held for assumption in connection with sale of bank branch $ 31,307,000 $ 0 $ 0