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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash Flows from Operating Activities:      
Net income $ 32,560 $ 24,050 $ 24,137
Adjustments to reconcile net income to net cash provided by operating activities:      
Credit loss expense (benefit) 0 1,000 700
Net amortization and accretion 3,075 3,200 3,293
Securities (gains)losses, net 3,959 1,172 431
Stock-based compensation 2,744 2,509 3,111
Increase in cash value of bank-owned life insurance (1,202) (1,126) (1,044)
Gain from bank-owned life insurance 0 0 691
Depreciation 4,516 3,723 1,856
Provision for deferred income taxes 352 2,982 447
Change in assets and liabilities:      
(Increase) decrease in accrued interest receivable 843 756 (1,593)
(Increase) decrease in other assets 1,091 (1,450) (2,794)
Increase (decrease) in accrued expenses and other liabilities (1,459) 2,992 (2,604)
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation 46,479 39,808 25,249
Cash Flows from Investing Activities:      
Proceeds from sales of securities available for sale 63,690 11,841 11,285
Proceeds from principal paydowns, maturities and calls of securities available for sale 41,198 56,361 42,370
Purchases of Federal Home Loan Bank stock (324) (57,683) (115,480)
Proceeds from redemption of Federal Home Loan Bank stock 286 65,511 111,859
Net increase in loans (8,223) (77,235) (184,788)
Proceeds of principal and earnings from bank-owned life insurance 0 0 2,458
Purchases of premises and equipment (3,326) (26,136) (36,387)
Net Cash Provided by (Used in) Investing Activities, Total 93,301 (27,341) (168,683)
Cash Flows from Financing Activities:      
Net increase in deposits 110,874 383,817 93,371
Net decrease in federal funds purchased and other short-term borrowings 0 (150,270) (49,730)
Net increase (decrease) in Federal Home Loan Bank advances 0 (45,000) 160,000
Principal payments on long-term debt (5,000) (5,000) (3,750)
Common stock dividends paid (16,914) (16,806) (16,704)
Restricted stock units withheld for payroll taxes (1,132) (1,087) (935)
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation 87,828 165,654 182,252
Net increase (decrease) in cash and cash equivalents 227,608 178,121 38,818
Cash and Cash Equivalents:      
Beginning 243,478 65,357 26,539
Ending 471,086 243,478 65,357
Supplemental Disclosure of Cash Flow Information:      
Cash payments for interest 106,321 116,996 87,846
US federal income taxes paid 4,290 370 3,900
Iowa income taxes paid 440 630 1,230
Minnesota income taxes paid $ 820 $ 480 $ 590