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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 $ 22,839 $ 29,793
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation 1,563 1,495
Change in deferred taxes (1,283) 19
Provision for credit losses 501 1,300
Loans originated for resale (3,082) (20,152)
Proceeds from sales and transfers of loans 3,157 21,372
Net gain on sales of loans (68) (385)
Net gain on sale or call of securities 0 (7)
Net amortization of premiums on investments 423 763
Net (gain) loss on sale of other real estate owned (42) 1
Equity compensation expense 607 610
Net increase in other assets and accrued interest (6,858) (11,362)
Net increase in other liabilities 8,156 8,720
Net (gain) loss on disposal of premises and equipment 33 (15)
Amortization of investment in limited partnership 227 229
Net acquisition amortization 20 52
     Net cash provided by operating activities 26,193 32,433
Cash flows from investing activities    
(Increase) decrease in interest-bearing deposits in other banks (34,673) 892
Proceeds from sales of securities available for sale 0 1,301
Proceeds from maturities, payments and calls of securities available for sale 17,037 35,633
Proceeds from maturities, payments, calls and sales of securities to be held to maturity 6,023 15,073
Proceeds from sales of other real estate owned 106 50
Purchases of securities available for sale (29,409) (58,324)
Purchases of securities to be held to maturity 0 (27,138)
Redemption of restricted equity securities 23 851
Net increase in loans (165,280) (210,811)
Capital expenditures (2,253) (1,165)
Proceeds from disposal of premises and equipment 3 38
     Net cash used by investing activities (208,423) (243,600)
Cash flows from financing activities    
Net increase in demand, savings, and money market accounts 79,565 26,681
Net increase in certificates of deposit 141,495 219,971
Net (decrease) increase in short-term borrowings (20,490) 37,006
Repayment on long-term borrowings 0 (55,005)
Payment to repurchase common stock (248) (276)
Proceeds from sale of common stock 608 588
Dividends paid (11,534) (11,024)
Net cash provided by financing activities 189,396 217,941
Net increase in cash and cash equivalents 7,166 6,774
Cash and cash equivalents at beginning of period 22,728 20,634
     Cash and cash equivalents at end of period 29,894 27,408
Interest paid 43,643 9,061
Income taxes paid 4,500 5,745
Non-cash transactions    
Change in net unrealized loss on available for sale securities, net of tax $ 9,134 $ 45,943