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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Operating activities:    
Net income $ 18,658 $ 19,063
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 5,800 1,402
Accretion of certain acquisition-related discounts, net (632) (1,190)
Share-based compensation 1,508 1,532
Depreciation and amortization 2,919 3,305
Amortization of premiums and accretion of discounts on securities, net 1,041 1,960
(Reversal of) provision for indemnifications (435) (858)
Income from bank-owned life insurance (299) (295)
Pension expense 692 480
Proceeds from sales of loans held for sale 394,106 644,514
Origination of loans held for sale (400,559) (587,245)
Gains on sales of loans held for sale (4,930) (6,763)
Other gains, net 184 (13)
Change in other assets and liabilities:    
Accrued interest receivable (1,057) (1,036)
Other assets 1,713 (2,555)
Accrued interest payable 2,238 (244)
Other liabilities 890 (3,032)
Net cash provided by operating activities 21,837 69,025
Investing activities:    
Proceeds from sales, maturities and calls of securities available for sale and payments on mortgage-backed securities 75,560 43,681
Purchases of securities available for sale (30,075) (223,034)
Purchases of time deposits, net (253) 494
Repayments on loans held for investment by non-bank affiliates 121,257 136,624
Purchases of loans held for investment by non-bank affiliates (124,340) (234,828)
Net increase in community banking loans held for investment (84,113) (61,516)
Purchases of corporate premises and equipment (1,019) (2,360)
Proceeds from sales of other real estate owned   915
Changes in collateral posted with other financial institutions, net   3,880
Other investing activities, net (3,675) (1,061)
Net cash used in investing activities (46,658) (337,205)
Financing activities:    
Net (decrease) increase in demand and savings deposits (191,426) 143,467
Net increase (decrease) in time deposits 215,995 (38,384)
Net increase in short-term borrowings 59,068 2,898
Repayments of long-term borrowings (4,000)  
Repurchases of common stock (6,363) (3,539)
Cash dividends paid (4,510) (4,299)
Other financing activities, net (92) (260)
Net cash provided by financing activities 68,672 99,883
Net increase (decrease) in cash and cash equivalents 43,851 (168,297)
Cash and cash equivalents at beginning of period 26,661 267,745
Cash and cash equivalents at end of period 70,512 99,448
Supplemental cash flow disclosures:    
Interest paid 15,707 5,738
Income taxes paid 3,545 6,623
Supplemental disclosure of noncash investing and financing activities:    
Transfers from corporate premises and equipment to other real estate owned   423
Adoption of new accounting standard (Note 1) 1,072  
Liabilities assumed to acquire right of use assets under operating leases $ 181 888
Transfers from loans held for sale to loans held for investment   $ 2,971