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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash Flows from Operating Activities      
Net income $ 23,495 $ 20,095 $ 18,402
Adjustments to reconcile net income to net cash from operating activities:      
Depreciation 2,610 2,531 2,307
Amortization of premiums on available-for-sale securities, net 2,203 1,289 822
Servicing rights amortization and impairment 1,580 1,031 487
Amortization of core deposit intangible 677 720 727
Amortization of customer list intangible 123 16  
Net amortization (accretion) of fair value adjustments (1,231) 455 (1,379)
Amortization of subordinated note issuance costs 50    
Stock-based compensation expense 822 1,024 1,088
Director stock awards 73 48  
Deferred income taxes (1,805) (1,691) 292
Provision for loan losses 3,444 6,981 1,138
Gain on sale of loans held for sale (3,897) (4,022) (677)
Originations of loans held for sale (121,172) (210,029) (73,562)
Proceeds from sale of loans held for sale 125,095 210,559 68,579
Loss on sale of other assets owned 434 7 81
(Gain) loss on sales of available-for-sale securities (293) (270) 26
Increase in cash surrender value of bank owned life insurance (636) (359) (351)
Gain on bank owned life insurance   (430)  
Change in other assets and other liabilities, net 3,169 (573) 5,951
Net cash provided by operating activities 34,741 27,382 23,931
Activity in available-for-sale securities:      
Maturities, prepayments and calls 56,310 91,003 67,071
Sales 9,292 11,843 11,100
Purchases (170,629) (183,563) (110,166)
Activity in other securities, at cost:      
Sales     237
Purchases (670) (129) (21)
Purchase of bank owned life insurance   (10,000)  
Proceeds from bank owned life insurance   816  
Change in interest-bearing time deposits 20,216 (344) (290)
Proceeds from redemption of FHLB stock 1,522    
Proceeds from sales of other assets owned 457 226 564
Additions to premises and equipment (1,965) (3,222) (3,510)
Loan originations and principal collections, net (167,867) (84,354) (112,212)
Net cash used in investing activities (265,694) (177,724) (149,316)
Cash Flows from Financing Activities      
Net change in deposits 170,785 307,648 153,088
Net change in federal funds purchased and securities sold under agreements to repurchase (971) (17,834) 15,892
Repayment of FHLB advances (157) (7,493) (23,938)
Proceeds of other borrowings 40,000    
Purchase of treasury stock (338) (383) (381)
Proceeds from issuance of subordinated notes 34,421    
Cash dividends paid on common stock (7,670) (7,186) (6,345)
Net cash provided by financing activities 236,070 274,752 138,316
Net Increase in Cash and Cash Equivalents 5,117 124,410 12,931
Cash and Cash Equivalents - Beginning of Year 175,706 51,296 38,365
Cash and Cash Equivalents - End of Year 180,823 175,706 51,296
Supplemental cash flow information:      
Interest paid 7,048 10,093 13,540
Income taxes paid 6,150 6,473 3,954
Supplemental noncash disclosures:      
Transfer of loans to other real estate owned 287 71 287
Cash dividends declared not paid 2,461 1,889 1,768
Limberlost Bancshares, Inc. [Member]      
Activity in other securities, at cost:      
Acquisition, net of cash received     (2,089)
Supplemental noncash disclosures:      
Fair value of assets acquired     336,380
Less: common stock issued     70,437
Cash paid for the capital stock     8,465
Liabilities assumed     $ 257,478
Ossian Financial Services, Inc. [Member]      
Activity in other securities, at cost:      
Acquisition, net of cash received 228    
Supplemental noncash disclosures:      
Fair value of assets acquired 137,058    
Cash paid for the capital stock 20,001    
Liabilities assumed 117,057    
Perpetual Federal Savings Bank [Member]      
Activity in other securities, at cost:      
Acquisition, net of cash received (12,588)    
Supplemental noncash disclosures:      
Fair value of assets acquired 420,162    
Less: common stock issued 41,078    
Cash paid for the capital stock 59,234    
Liabilities assumed $ 319,850    
Adams County Financial Resources [Member]      
Supplemental noncash disclosures:      
Fair value of assets acquired   825  
Less: common stock issued   $ 825