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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 31,688 $ 35,752
Adjustments to reconcile net income to net cash provided by operating activities:    
Gain on sales of loans originated for sale (56) (487)
Gain on sales of assets held for sale (337) 0
Loss on sale of premises and equipment 0 41
Earnings on investment in bank-owned life insurance (1,878) (1,532)
Loss on sales or calls of securities 5,240 234
(Gain) loss on equity securities (18) 298
Gain on sale of low-income housing partnership 0 (421)
Restricted stock compensation expense 1,004 729
Depreciation and amortization 3,362 3,796
Provision for credit losses and provision for unfunded commitments 844 0
Net amortization of investment securities premiums 690 2,156
Increase in interest receivable (1,165) (1,395)
Increase (decrease) in interest payable 743 (58)
Mortgage loans originated for sale (2,646) (36,664)
Proceeds from sales of loans originated for sale 2,545 39,221
Increase in other assets (7,449) (4,303)
Decrease in deferred tax expense 2,376 924
Increase in other liabilities 5,659 910
Net Cash Provided by Operating Activities 40,602 39,201
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from calls/maturities of investment securities held to maturity 1,097 2,903
Proceeds from calls/maturities of investment securities available for sale 32,594 58,578
Proceeds from sales of investment securities held to maturity 0 1,054
Proceeds from sales of investment securities available for sale 125,241 3,129
Proceeds from sales of equity securities 592 811
Purchase of investment securities available for sale (48,838) (284,336)
Purchase of investment securities held to maturity 0 (22,204)
Purchase of equity securities 0 (206)
(Purchase)/redemption of restricted investment in bank stocks (8,048) 674
Net increase in loans (89,589) (71,829)
Proceeds from sale of low-income housing partnerships 0 421
Purchase of bank-owned life insurance 0 (12,200)
Acquisition of insurance books of business/agency (174) (7,800)
Capital expenditures (1,168) (1,811)
Proceeds from sales of premises and equipment 0 1,093
Proceeds from sales of assets held for sale 3,730 0
Net Cash (Used in) Provided by Investing Activities 15,437 (331,723)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net decrease in noninterest-bearing deposits (94,717) (28,311)
Net decrease in interest-bearing deposits (242,445) (199,103)
Net increase in short-term borrowings 14,928 6,752
Proceeds from long-term borrowings 175,000 1,500
Repayments on long-term borrowings 0 (15,200)
Dividends paid (9,702) (9,117)
Common stock repurchased (2,027) (6,682)
Common stock issued 721 713
Net Cash Used In Financing Activities (158,242) (249,448)
Net Decrease in Cash and Cash Equivalents (102,203) (541,970)
CASH AND CASH EQUIVALENTS — BEGINNING 168,161 710,131
CASH AND CASH EQUIVALENTS — ENDING 65,958 168,161
Supplemental disclosures of cash flow information:    
Cash paid for interest 7,155 3,682
Cash paid for income taxes 10,030 7,225
Supplemental disclosures of certain noncash activities:    
Recognition of operating lease right of use assets 126 472
Recognition of operating lease liabilities 126 472
Investments transferred from available for sale to held to maturity 0 39,683
Premises and equipment transferred to fixed assets held for sale 0 3,393
Loans transferred to foreclosed assets held for resale and other foreclosed transactions $ 0 $ 474