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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
$ in Thousands
 6 Months Ended
Jun. 30, 2023
USD ($)
Jun. 30, 2022
USD ($)
Cash flows from operating activities:    
Net income $ 17,004 $ 18,983
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation of premises and equipment 1,401 994
Amortization of right-of-use lease asset 244 294
Amortization of deferred loan fees, net 382 965
Amortization of intangibles 57 193
Amortization of low income housing partnerships 241 241
(Credit to) provision for credit losses (937) 1,250
Net unrealized loss on equity investment securities 17 19
Net gain on sale of other real estate owned   (478)
Loans originated for sale (2,486) (3,454)
Proceeds from sale of loans originated for sale 2,496 3,200
Net gain on sale of loans originated for sale (10) (19)
Net amortization of investment securities 533 799
Net gain on sale of investment securities available-for-sale (81)  
Gain on sale of premises and equipment (14)  
Increase in cash surrender value of life insurance (520) (462)
Deferred income tax expense 607  
Stock compensation, including tax effects and expenses 369 88
Net change in:    
Accrued interest receivable 309 (777)
Other assets (2,436) (2,045)
Accrued interest payable 3,798 861
Other liabilities (3,412) (1,914)
Net cash provided by operating activities 17,562 18,738
Cash flows from investing activities:    
Proceeds from sales of investment securities available-for-sale 67,363  
Proceeds from repayments of investment securities:    
Available-for-sale 19,728 20,816
Held-to-maturity 2,911 2,546
Purchases of investment securities:    
Available-for-sale   (69,392)
Held-to-maturity   (25,872)
Net redemption (purchase of) of restricted equity securities 5,091 (4,492)
Net increase in loans (113,538) (237,630)
Investment in bank owned life insurance   (5,881)
Purchases of premises and equipment (4,476) (2,880)
Proceeds from the sale of premises and equipment 14  
Proceeds from bank owned life insurance   1,129
Proceeds from sale of other real estate owned   967
Net cash used in investing activities (22,907) (320,689)
Cash flows from financing activities:    
Net increase (decrease) in deposits 182,883 (52,114)
Proceeds from long-term debt 25,000  
Repayment of long-term debt (555) (1,065)
Net (decrease) increase in short-term borrowings (95,400) 129,170
Retirement of common stock (1,897) (646)
Cash dividends paid (5,866) (5,594)
Net cash provided by financing activities 104,165 69,751
Net increase (decrease) in cash and cash equivalents 98,820 (232,200)
Cash and cash equivalents at beginning of period 37,868 279,933
Cash and cash equivalents at end of period 136,688 47,733
Supplemental disclosures:    
Interest 22,008 3,264
Income taxes 1,722 $ 5,285
Noncash items:    
Initial recognition of right-of-use assets (785)  
Initial recognition of lease liability $ (820)