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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Operating activities    
Net income $ 35,755 $ 16,978
Adjustments to reconcile net income to net cash provided by operating activities:    
Deferred income taxes, net 1,223 (2,007)
Impairment of Tax Credit Investments 0 2,395
Provision for loan and lease losses (5,803) 16,808
SBA recourse benefit (76) (278)
Derivative credit valuation adjustment (270) 461
Depreciation, amortization and accretion, net 3,554 3,465
Share-based compensation 2,513 1,871
Net loss on disposal of fixed assets 78 0
Net (gain) loss on sale of securities (29) 4
Gain on sale of historic development entity state tax credit 0 (275)
Increase in value of bank-owned life insurance policies (1,413) (1,402)
Origination of loans held-for-sale (99,266) (81,609)
Sale of SBA loans originated for sale 108,435 81,018
Gain on sale of loans originated for sale (4,044) (2,899)
Net loss on foreclosed properties, including impairment valuation 15 383
Gain on sale of community development entity 1 0
Loan servicing asset impairment valuation recovery (63) (16)
Return on investment in limited partnerships 371 0
Excess tax benefit (expense) from share-based compensation 48 (32)
Payments on operating lease liabilities (1,601) (1,557)
Payments received on operating leases 170 113
Net increase in accrued interest receivable and other assets (6,607) (10,837)
Net increase in accrued interest payable and other liabilities 3,001 4,051
Net cash provided by operating activities 35,992 26,635
Investing activities    
Proceeds from maturities, redemptions and paydowns of available-for-sale securities 51,166 58,290
Proceeds from maturities, redemptions and paydowns of held-to-maturity securities 6,586 6,268
Proceeds from sale of available-for-sale securities 14,955 839
Purchases of available-for-sale securities (93,019) (66,879)
Proceeds from sale of foreclosed properties 0 2,582
Net increase in loans and leases (86,660) (439,223)
Investments in limited partnerships (1,059) (1,986)
Returns of investments in limited partnerships 32 211
Investment in low-income housing (2,964) 0
Investment in historic development entities 0 (3,254)
Distribution from historic development entities 57 30
Proceeds from sale of historic development entity state tax credit 0 2,529
Investment in Federal Home Loan Bank and Federal Reserve Bank Stock (7,439) (20,509)
Proceeds from the sale of Federal Home Loan Bank Stock 7,680 14,884
Purchases of leasehold improvements and equipment, net (391) (264)
Proceeds from sale of leasehold improvements and equipment, net 44 0
Purchases of bank owned life insurance policies 0 (8,000)
Premium payment on bank owned life insurance policies 0 (25)
Net cash used in investing activities (111,012) (454,507)
Financing activities    
Net increase in deposits 102,407 325,137
Repayment of Federal Home Loan Bank advances (814,000) (1,219,944)
Proceeds from Federal Home Loan Bank advances 788,300 1,318,700
Loss on early extinguishment of debt 0 744
Repayment of the Federal Reserve Paycheck Protection Program Lending Facility 0 (29,605)
Proceeds from the Federal Paycheck Protection Program Lending Facility, Investing Activities 0 29,605
Net increase in long-term borrowed funds 9,998 300
Cash dividends paid (6,166) (5,652)
Proceeds from issuance of common stock under the Employee Stock Purchase Plan 160 66
Purchase of treasury stock (5,478) (1,672)
Net cash provided by financing activities 75,221 417,679
Net decrease in cash and cash equivalents 201 (10,193)
Cash and cash equivalents at the beginning of the period 56,909 67,102
Cash and cash equivalents at the end of the period 57,110 56,909
Supplementary cash flow information    
Interest paid on deposits and borrowings 13,206 18,412
Income Taxes Paid 14,519 3,451
Transfer of loans to foreclosed properties 146 80
Remeasurement of lease liability $ 316 $ 190