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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 35,752,000 $ 27,834,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Gain on sales of loans originated for sale (487,000) (3,393,000)
Gain on sales of foreclosed assets held for resale, including writedowns 0 (88,000)
Loss on sale of premises and equipment 41,000 26,000
Earnings on investment in bank-owned life insurance (1,532,000) (1,408,000)
Loss on sales or calls of securities 234,000 0
Loss (gain) on equity securities 298,000 (439,000)
Gain on sale of low-income housing partnership (421,000) 0
Gain on life insurance proceeds 0 (101,000)
Restricted stock compensation expense 729,000 362,000
Depreciation and amortization 3,796,000 3,441,000
Provision for loan losses 0 50,000
Net amortization of investment securities premiums 2,156,000 1,626,000
(Increase) decrease in accrued interest receivable (1,395,000) 1,430,000
Decrease in accrued interest payable (58,000) (1,325,000)
Mortgage loans originated for sale (36,664,000) (104,633,000)
Proceeds from sales of loans originated for sale 39,221,000 116,867,000
Increase in other assets (4,303,000) (4,324,000)
Decrease in deferred tax expense 924,000 236,000
Increase in other liabilities 910,000 5,965,000
Net Cash Provided by Operating Activities 39,201,000 42,126,000
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from maturities of investment securities held to maturity 2,903,000 3,840,000
Proceeds from maturities of investment securities available for sale 58,578,000 105,340,000
Proceeds from sales of investment securities held to maturity 1,054,000 0
Proceeds from sales of investment securities available for sale 3,129,000 0
Proceeds from sales of equity securities 811,000 0
Purchase of investment securities available for sale (284,336,000) (216,786,000)
Purchase of investment securities held to maturity (22,204,000) 0
Purchase of equity securities (206,000) 0
Redemption of restricted investment in bank stocks 674,000 639,000
Net (increase) decrease in loans (71,829,000) 168,013,000
Purchase of bank-owned life insurance (12,200,000) 0
Proceeds from sale of low-income housing partnerships 421,000 0
Acquisition of insurance agency (7,800,000) 0
Proceeds from life insurance death benefits 0 649,000
Capital expenditures (1,811,000) (1,576,000)
Proceeds from sale of premises and equipment 1,093,000 213,000
Proceeds from sale of foreclosed real estate 0 189,000
Net Cash (Used in) Provided by Investing Activities (331,723,000) 60,521,000
CASH FLOWS FROM FINANCING ACTIVITIES    
Net (decrease) increase in demand deposits (28,311,000) 66,694,000
Net (decrease) increase in time certificates of deposits and interest bearing deposits (199,103,000) 174,170,000
Net increase (decrease) in short-term borrowings 6,752,000 (3,262,000)
Proceeds from long-term borrowings 1,500,000 15,000,000
Repayments on long-term borrowings (15,200,000) (34,045,000)
Dividends paid (9,117,000) (8,968,000)
Common stock repurchased (6,682,000) (1,517,000)
Common stock issued 713,000 60,000
Net Cash (Used in) Provided by Financing Activities (249,448,000) 208,132,000
Net (Decrease) Increase in Cash and Cash Equivalents (541,970,000) 310,779,000
CASH AND CASH EQUIVALENTS — BEGINNING 710,131,000 399,352,000
CASH AND CASH EQUIVALENTS — ENDING 168,161,000 710,131,000
Supplemental disclosures of cash flow information    
Interest paid 3,682,000 8,240,000
Income taxes paid 7,225,000 7,400,000
Loans transferred to foreclosed assets held for resale and other foreclosed transactions 474,000 101,000
Non-cash investing activities    
Investments transferred from available for sale to held to maturity 39,683,000 0
Premises and equipment transferred to assets held for sale $ 3,393,000 $ 0