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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:      
Net income $ 25,536 $ 26,645 $ 28,401
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 891 755 897
Amortization 9,005 9,662 8,102
Stock-based compensation 858 776 562
Provision (credit) for credit losses 309 995 (4,435)
Net realized losses (gains) on sales and calls of available-for-sale investment securities 907 1,730 (501)
Net gain on sale and disposal of equipment (402) (15) (8)
Net change in equity investments (91) 858 218
Appreciation in cash surrender value of bank owned life insurance (1,035) (985) (840)
Net increase in accrued interest receivable and other assets (8,798) (7,361) (2,209)
Net increase (decrease) in accrued interest payable and other liabilities 1,666 (7,148) 9,124
(Benefit) provision for deferred income taxes 110 224 1,465
Net cash provided by operating activities 27,852 24,194 42,855
Cash flows used in investing activities:      
Purchases of available-for-sale investment securities 0 (301,699) (495,879)
Proceeds from sales or calls 26,361 252,331 26,222
Proceeds from Sale of Held-to-Maturity Securities 35 0 0
Proceeds from maturity and principal repayment of available-for-sale investment securities 38,229 67,795 54,822
Net (increase) decrease in loans (35,297) (216,523) 60,738
Purchases of premises and equipment (9,806) (362) (1,049)
Payment to Acquire Life Insurance Policy, Investing Activities 0 0 10,000
Payments for (Proceeds from) Federal Home Loan Bank Stock 967 574 0
Net cash provided by (used in) investing activities 24,194 (197,596) (365,137)
Cash Flows From Financing Activities:      
Net (decrease) increase in demand, interest-bearing and savings deposits (152,178) (1,041) 399,903
Net increase (decrease) in time deposits 94,142 (22,107) 184
Proceeds from issuance of subordinated debt 0 0 34,299
Proceeds from short-term borrowings from Federal Home Loan Bank 3,411,500 2,452,826 0
Repayments of short-term borrowings to Federal Home Loan Bank (3,422,500) (2,406,826) 0
Repayments of Other Debt 71,500 0 0
Proceeds from Issuance of Senior Long-term Debt 0 30,000 0
Proceeds from Issuance of Debt 116,500 0 0
Purchase and retirement of common stock 1 6,814 13,619
Proceeds from stock issued under employee stock purchase plan 206 216 204
Proceeds from exercise of stock options 0 489 257
Cash dividend payments on common stock (5,657) (5,638) (5,757)
Net cash (used in) provided by financing activities (29,488) 41,105 415,471
Increase (decrease) in cash and cash equivalents 22,558 (132,297) 93,189
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 31,170 163,467 70,278
CASH AND CASH EQUIVALENTS AT END OF YEAR 53,728 31,170 163,467
Cash paid during the year for:      
Interest 20,005 2,831 1,166
Income taxes 7,700 8,314 8,155
Operating Lease, Payments 2,484 2,221 2,259
Non-cash investing and financing activities:      
Proceeds from Sale of Property, Plant, and Equipment 3,262 15 9
Decrease Deferred Loan Costs (786) 422 (3,483)
Accretion (Amortization) of Discounts and Premiums 1,890 1,520 1,404
Transfer Of Securities From Available-For-Sale to Held-to-Maturity 0 332,007 0
Transfer Of Unrealized Loss On Securities From Available-For-Sale To Held-To-Maturity 0 (25,328) 0
Proceeds from Maturities, Prepayments and Calls of Held-to-maturity Securities 2,377 1,421 0
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability $ 19,193 $ (127,797) $ (10,256)