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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:      
Net income $ 43,544 $ 44,852 $ 43,557
Adjustments to reconcile net income to net cash provided by operating activities:      
Net change in loans held for sale 954 (2,189) 5,523
Provision for credit losses on loans 955 2,908 2,904
Provision for credit losses on securities available for sale 1,171    
Net amortization of securities 1,655 2,429 2,869
Deferred tax (benefit) expense (366) (686) (707)
Change in unamortized net loan costs and premiums (1,057) (145) 170
Premises and equipment depreciation 4,196 4,198 4,292
Stock-based compensation expense 3,292 2,650 1,938
Amortization of other intangibles 932 932 932
Income from cash surrender value of bank-owned life insurance policies (2,304) (2,699) (2,000)
Gain on sales of securities, net (50) (34) (53)
Amortization of right-of-use lease assets (1,712) 1,204 1,196
Decrease in lease liabilities 1,918 (1,179) (1,142)
Gain on premises and equipment, net (192) 182 10
Net change in other assets and liabilities (565) (5,020) (3,580)
Net cash provided by operating activities 52,371 47,403 55,909
Cash flows from investing activities:      
Proceeds from sales, maturities, calls and prepayments of securities available for sale 64,391 42,184 80,870
Purchases of securities available for sale (53,496) (7,521) (109,019)
Net change in loans (147,343) (96,840) (370,712)
Purchase of Federal Home Loan Bank stock (21,375) (18,370) (11,016)
Proceeds from sale of Federal Home Loan Bank stock 21,926 20,473 3,507
Purchase of premises and equipment, net (7,396) (6,533) (2,518)
Proceeds from sale of premises held for sale 1,408 413  
Proceeds from death benefit of bank-owned life insurance policy   3,904  
Net cash used in investing activities (141,885) (62,290) (408,888)
Cash flows from financing activities:      
Net change in deposits 126,531 97,726 (5,113)
Net change in short-term borrowings (21,053) (60,604) 235,567
Repayments of long-term borrowings (10) (2,317) (20,020)
Net change in subordinated debt 159    
Repayments of subordinated debt (20,000)    
Net issuance to employee stock plans (1,005) (805) (215)
Cash dividends paid on common stock (17,788) (16,566) (15,334)
Net cash provided by financing activities 66,834 17,434 194,885
Net change in cash and cash equivalents (22,680) 2,547 (158,094)
Cash and cash equivalents at beginning of year 94,842 92,295 250,389
Cash and cash equivalents at end of period 72,162 94,842 92,295
Supplemental cash flow information:      
Interest paid 73,399 51,973 12,451
Income taxes paid, net $ 9,863 $ 15,026 $ 10,598