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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:      
Net income $ 39,299 $ 33,244 $ 22,620
Adjustments to reconcile net income to net cash provided by operating activities:      
Originations of loans held for sale (170,758) (240,858) (69,070)
Proceeds from loan sales 193,468 228,626 63,232
Gain on sale of loans (4,131) (5,257) (493)
Provision for credit losses (1,302) 5,625 2,317
Net amortization of securities 4,471 3,367 3,341
Deferred tax expense (benefit) 427 (38) 1,020
Change in unamortized net loan costs and premiums (1,354) (122) (555)
Premises and equipment depreciation 4,596 4,771 4,136
Stock-based compensation expense 2,149 1,570 1,373
Accretion of purchase accounting entries, net (2,274) (749) (3,806)
Amortization of other intangibles 940 1,025 861
Income from cash surrender value of bank-owned life insurance policies (2,179) (2,007) (2,053)
Gain on sales of securities, net (2,870) (5,445) (237)
Decrease (increase) in right-of-use lease assets 1,064 (715) (632)
(Decrease) increase in lease liabilities (984) 976 660
(Gain) loss on other real estate owned   (355) 166
Loss (gain) on premises and equipment, net 378 (32) 18
Net change in other assets and liabilities (462) (2,942) 7,174
Net cash provided by operating activities 60,478 20,684 30,072
Cash flows from investing activities:      
Proceeds from sales of securities available for sale 92,723 153,200 92,315
Proceeds from maturities, calls and prepayments of securities available for sale 111,552 151,829 115,334
Purchases of securities available for sale (249,595) (215,567) (129,189)
Net change in loans 33,707 70,617 (144,821)
Recoveries of previously charged off loans 608 272 321
Purchase of FHLB stock (2,565) (4,105) (11,687)
Proceeds from sale of FHLB stock 9,217 10,748 26,667
Purchase of premises and equipment, net (1,716) (6,776) (9,185)
Proceeds from premises held for sale 288 903  
Net investment in community limited partnerships (1,310) (2,750) (22)
Proceeds from death benefit of bank-owned life insurance policy 1,029    
Acquisitions, net of cash acquired   (340) (18,383)
Proceeds from sale of other real estate owned   2,205  
Net cash (used in) provided by investing activities (6,062) 160,236 (78,650)
Cash flows from financing activities:      
Net change in deposits 142,329 210,464 212,693
Net change in short-term senior borrowings 9,324 (248,262) (308,380)
Proceeds from long-term senior borrowings   148,199 328,097
Repayments of long-term senior borrowings (159,023) (78,186) (237,719)
Net change in short-term other borrowings (7,977) (17,053) 8,621
Proceeds from subordinated debt issuance     40,000
Repayments of subordinated debt     (22,000)
Payment of subordinated debt issuance costs     (700)
Exercise of stock options (615)   (273)
Exercise of stock options   620  
Purchase of treasury and common stock   (14,188) (239)
Cash dividends paid on common stock (14,072) (13,417) (13,366)
Net cash (used in) provided by financing activities (30,034) (11,823) 6,734
Net change in cash and cash equivalents 24,382 169,097 (41,844)
Cash and cash equivalents at beginning of year 226,007 56,910 98,754
Cash and cash equivalents at end of period 250,389 226,007 56,910
Supplemental cash flow information:      
Interest paid 16,354 27,423 45,755
Income taxes paid, net $ 8,859 10,045 2,371
Acquisition of non-cash assets and liabilities:      
Assets acquired   1,171 243,676
Liabilities acquired   $ (343) 261,814
Other non-cash changes:      
Real estate owned acquired in settlement of loans     250
Initial recognition of operating lease right-of-use assets     8,991
Initial recognition of operating lease liabilities     $ 8,991