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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:      
Net income $ 44,852 $ 43,557 $ 39,299
Adjustments to reconcile net income to net cash provided by operating activities:      
Net change in loans held for sale (2,189) 5,523 18,579
Provision for credit losses 2,908 2,904 (1,302)
Net amortization of securities 2,429 2,869 4,471
Deferred tax (benefit) expense (686) (707) 427
Change in unamortized net loan costs and premiums (145) 170 (1,354)
Premises and equipment depreciation 4,177 4,243 4,596
Stock-based compensation expense 2,650 1,938 2,149
Accretion of purchase accounting entries, net     (2,274)
Amortization of other intangibles 932 932 940
Income from cash surrender value of bank-owned life insurance policies (2,699) (2,000) (2,179)
Gain on sales of securities, net (34) (53) (2,870)
Amortization of right-of-use lease assets 1,204 1,196 1,064
Decrease in lease liabilities (1,179) (1,142) (984)
Gain on premises and equipment, net 182 10 378
Net change in other assets and liabilities (4,999) (3,531) (1,772)
Net cash provided by operating activities 47,403 55,909 59,168
Cash flows from investing activities:      
Proceeds from sales, maturities, calls and prepayments of securities available for sale 42,184 80,870 204,275
Purchases of securities available for sale (7,521) (109,019) (249,595)
Net change in loans (96,840) (370,712) 34,315
Purchase of Federal Home Loan Bank stock (18,370) (11,016) (2,565)
Proceeds from sale of Federal Home Loan Bank stock 20,473 3,507 9,217
Purchase of premises and equipment, net (6,533) (2,518) (1,716)
Proceeds from sale of premises and equipment 413    
Proceeds from premises held for sale     288
Proceeds from death benefit of bank-owned life insurance policy 3,904   1,029
Net cash used in investing activities (62,290) (408,888) (4,752)
Cash flows from financing activities:      
Net change in deposits 97,726 (5,113) 142,329
Net change in short-term borrowings (60,604) 235,567 1,347
Repayments of long-term borrowings (2,317) (20,020) (159,023)
Net issuance to employee stock plans (805) (215) (615)
Cash dividends paid on common stock (16,566) (15,334) (14,072)
Net cash provided by financing activities 17,434 194,885 (30,034)
Net change in cash and cash equivalents 2,547 (158,094) 24,382
Cash and cash equivalents at beginning of year 92,295 250,389 226,007
Cash and cash equivalents at end of period 94,842 92,295 250,389
Supplemental cash flow information:      
Interest paid 51,973 12,451 16,354
Income taxes paid, net $ 15,026 $ 10,598 $ 8,859