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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 13,252 $ 12,628
Adjustments to reconcile net income to net cash provided by operating activities:    
Net decrease in deferred loan fees 94 405
Depreciation 311 403
Accretion (971) (770)
Amortization 4,562 4,915
Stock-based compensation 519 460
Provision for credit losses 290 0
Debt Securities, Available-for-sale, Realized Gain (Loss) 257 763
Net change in equity securities 0 584
Increase in bank-owned life insurance, net of expenses (503) (487)
Net increase in accrued interest receivable and other assets (2,069) (1,263)
Net decrease in accrued interest payable and other liabilities (649) (11,550)
Benefit (provision) for deferred income taxes 381 (564)
Net cash provided by operating activities 15,474 5,524
CASH FLOWS FROM INVESTING ACTIVITIES:    
Payments to Acquire Debt Securities, Available-for-sale 0 (301,699)
Proceeds from sales or calls 12,376 235,370
Proceeds from Sale of Held-to-Maturity Securities 20 0
Proceeds from maturity and principal repayments of available-for-sale investment securities 20,166 37,974
Proceeds from Maturities, Prepayments and Calls of Held-to-maturity Securities 1,180 845
Net decrease (increase) in loans 556 (96,985)
Purchases of premises and equipment (3,263) (84)
FHLB stock purchased 967 574
Net cash provided by (used in) investing activities 30,068 (125,153)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net decrease in demand, interest bearing and savings deposits (40,296) (14,300)
Net increase (decrease) in time deposits 140,941 (2,500)
Proceeds from short-term borrowings from Federal Home Loan Bank 3,346,500 1,158,602
Payments of FHLBank Borrowings, Financing Activities 3,392,500 1,149,278
Repurchase and retirement of common stock 1 6,814
Proceeds from stock issued under employee stock purchase plan 123 110
Proceeds from exercise of stock options 0 399
Cash dividend payments on common stock (2,821) (2,824)
Net cash provided by (used in) financing activities 51,946 (16,605)
Increase (decrease) in cash and cash equivalents 97,488 (136,234)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 31,170 163,467
CASH AND CASH EQUIVALENTS AT END OF PERIOD 128,658 27,233
Cash paid during the period for:    
Interest 8,621 1,159
Income taxes 5,400 4,914
Operating cash flows from operating leases 1,231 1,108
Transfer of securities from available-for-sale to held-to-maturity 0 331,230
Transfer of unrealized loss on securities from available-for-sale to held-to-maturity $ 0 $ (25,328)