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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 19,642 $ 19,012
Adjustments to reconcile net income to net cash provided by operating activities:    
Net decrease (increase) in deferred loan fees 158 (419)
Depreciation 454 586
Accretion (1,435) (892)
Amortization 6,816 7,201
Stock-based compensation 689 603
Provision for credit losses 476 495
Net realized losses on sales and calls of available-for-sale investment securities 296 777
Net gain on disposal of premises and equipment 30 0
Net change in equity securities 204 872
Increase in bank-owned life insurance, net of expenses (763) (736)
Net increase in accrued interest receivable and other assets (4,760) (6,033)
Net increase (decrease) in accrued interest payable and other liabilities 1,934 (6,860)
Provision for deferred income taxes (244) (662)
Net cash provided by operating activities 23,437 13,944
CASH FLOWS FROM INVESTING ACTIVITIES:    
Payments to Acquire Debt Securities, Available-for-sale 0 (301,699)
Proceeds from sales or calls 12,580 235,645
Proceeds from Sale of Held-to-Maturity Securities 20 0
Proceeds from maturity and principal repayments of available-for-sale investment securities 28,849 54,691
Proceeds from Maturities, Prepayments and Calls of Held-to-maturity Securities 1,964 738
Net increase in loans (19,455) (185,474)
Purchases of premises and equipment (4,609) (115)
FHLB stock purchased 967 574
Proceeds from sale of premises and equipment 2,469 0
Net cash provided by (used in) investing activities 20,851 (196,788)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net (decrease) increase in demand, interest bearing and savings deposits (46,131) 30,257
Net increase (decrease) in time deposits 95,324 (13,910)
Proceeds from short-term borrowings from Federal Home Loan Bank 3,346,500 2,090,326
Repayments of short-term borrowings to Federal Home Loan Bank 3,392,500 2,065,326
Proceeds of issuance of senior debt 0 30,000
Repurchase and retirement of common stock 1 6,814
Proceeds from stock issued under employee stock purchase plan 163 164
Proceeds from exercise of stock options 0 489
Cash dividend payments on common stock (4,238) (4,231)
Net cash (used in) provided by financing activities (883) 60,955
Increase (decrease) in cash and cash equivalents 43,405 (121,889)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 31,170 163,467
CASH AND CASH EQUIVALENTS AT END OF PERIOD 74,575 41,578
Cash paid during the period for:    
Interest 14,180 1,525
Income taxes 6,700 5,614
Operating cash flows from operating leases 1,874 1,653
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)