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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 19,012 $ 21,563
Adjustments to reconcile net income to net cash provided by operating activities:    
Net (increase) decrease in deferred loan fees (419) 2,203
Depreciation 586 688
Accretion (892) (1,050)
Amortization 7,201 5,752
Stock-based compensation 324 310
Provision for (reversal of) credit losses 500 (3,800)
Net gain on disposal of premises and equipment 0 (8)
Net change in equity securities 872 148
Increase in bank-owned life insurance, net of expenses (736) (596)
Net increase in accrued interest receivable and other assets (6,033) (1,878)
Net (decrease) increase in accrued interest payable and other liabilities (6,586) 7,529
(Provision) benefit for deferred income taxes (662) 1,256
Net cash provided by operating activities 13,944 32,079
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from sales or calls 235,645 10,760
Proceeds from maturity and principal repayments of available-for-sale investment securities 54,691 38,727
Proceeds from Maturities, Prepayments and Calls of Held-to-maturity Securities 738 0
Net (increase) decrease in loans (185,474) 17,593
Purchases of premises and equipment (115) (889)
Proceeds from sale of premises and equipment 0 9
Net cash used in investing activities (196,788) (354,108)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase in demand, interest bearing and savings deposits 30,257 335,370
Net (decrease) increase in time deposits (13,910) 12
Purchase and retirement of common stock 6,814 12,000
Proceeds from stock issued under employee stock purchase plan 164 159
Proceeds from exercise of stock options 489 222
Cash dividend payments on common stock (4,231) (4,319)
Net cash provided by financing activities 60,955 319,444
Decrease in cash and cash equivalents (121,889) (2,585)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 163,467 70,278
CASH AND CASH EQUIVALENTS AT END OF PERIOD 41,578 67,693
Cash paid during the period for:    
Interest 1,525 866
Operating cash flows from operating leases 1,653 1,688
Payments to Acquire Debt Securities, Available-for-sale (301,699) (410,308)
Debt Securities, Available-for-sale, Realized Gain (Loss) 777 (38)
Proceeds from short-term borrowings from Federal Home Loan Bank 2,090,326 0
Purchases of bank-owned life insurance 0 10,000
FHLB stock purchased 574 0
Payments of FHLBank Borrowings, Financing Activities 2,065,326 0
Income taxes 5,614 6,755
Proceeds of issuance of senior debt $ 30,000 $ 0