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Consolidated Statements of Cash Flows
$ in Thousands
 9 Months Ended
Sep. 30, 2022
USD ($)
Sep. 30, 2021
USD ($)
Cash flows from operating activities:    
Net income $ 28,951 $ 27,105
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation of premises and equipment 2,051 1,883
Amortization of right-of-use lease asset 443 320
Amortization (accretion) of deferred loan fees, net 1,314 (4,636)
Amortization of intangibles 289 375
Amortization of low income housing partnerships 362 360
Provision (credit) for loan losses 1,700  
Net unrealized loss (gain) on equity investment securities 37 (9)
Net gain on sale of other real estate owned (478) (195)
Loans originated for sale (6,139) (18,462)
Proceeds from sale of loans originated for sale 5,937 18,577
Net gain on sale of loans originated for sale (43) (275)
Net amortization of investment securities 1,146 875
Gain on sale of premises and equipment   (20)
Increase in cash surrender value of life insurance (731) (669)
Deferred income tax expense   620
Stock based compensation 311 479
Net change in:    
Accrued interest receivable (1,555) (25)
Other assets (1,911) 313
Accrued interest payable 721 136
Other liabilities (2,180) (1,108)
Net cash provided by operating activities 30,225 25,644
Proceeds from repayments of investment securities:    
Available-for-sale 35,314 40,111
Held-to-maturity 4,188 367
Purchases of investment securities:    
Available-for-sale (69,392) (214,856)
Held-to-maturity (25,872) (25,996)
Net (purchase) redemption of restricted equity securities (457) 1,481
Net increase in loans (296,108) (24,238)
Purchases of premises and equipment (5,386) (3,668)
Proceeds from the sale of premises and equipment   101
Investment in bank owned life insurance (5,881)  
Proceeds from bank owned life insurance 1,132 251
Proceeds from sale of other real estate owned 967 995
Net cash used in investing activities (361,495) (225,452)
Cash flows from financing activities:    
Net (decrease) increase in deposits 160,743 403,806
Repayment of long-term debt (1,607) (11,534)
Net increase (decrease) in short-term borrowings 14,700 (50,000)
Retirement of common stock (1,026) (2,002)
Cash dividends paid (8,463) (8,067)
Net cash provided by financing activities 164,347 332,203
Net (decrease) increase in cash and cash equivalents (166,923) 132,395
Cash and cash equivalents at beginning of period 279,933 228,192
Cash and cash equivalents at end of period 113,010 360,587
Cash paid during the period for:    
Interest 7,636 7,228
Income taxes $ 7,395 5,600
Noncash items:    
Transfers of loans to other real estate   545
Initial recognition of right-of-use assets   2,253
Initial recognition of lease liability   $ 2,253