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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net earnings $ 9,721 $ 9,597
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Provision for credit losses 800 299
Valuation allowance on real estate held for sale 1,108
Amortization of investment security premiums, net (18) 221
Accretion of purchase accounting adjustments (850) (750)
Amortization of mortgage servicing rights and other intangibles 924 1,407
Depreciation 987 936
Increase in cash surrender value of bank owned life insurance [1] (747) (671)
Stock-based compensation 324 243
Deferred income taxes (177) 7
Net loss on sales of premises and equipment and foreclosed assets 282
Net gains on sales of loans [1] (1,864) (2,014)
Proceeds from sales of loans 64,500 69,747
Origination of loans held for sale (65,328) (67,472)
Changes in assets and liabilities:    
Accrued interest and other assets (183) (625)
Accrued expenses, taxes, and other liabilities 5,849 445
Net cash provided by operating activities 15,328 11,370
Cash flows from investing activities:    
Net increase in loans (52,761) (86,015)
Net change in interest-bearing deposits at banks 555 3,166
Maturities and prepayments of investment securities 54,193 41,250
Purchases of investment securities (3,800) (18,647)
Redemption of bank stocks 11,956 8,564
Purchase of bank stocks (11,727) (11,103)
Premiums paid on bank owned life insurance (96) (96)
Proceeds from sales of premises and equipment and foreclosed assets 2,998
Purchases of premises and equipment, net (2,214) (520)
Net cash used in investing activities (896) (63,401)
Cash flows from financing activities:    
Net (decrease) increase in deposits (40,749) 7,374
Federal Home Loan Bank advance borrowings 595,463 560,546
Federal Home Loan Bank advance repayments (567,077) (494,179)
Proceeds from other borrowings 360
Repayments on other borrowings (1,358) (998)
Change in repurchase agreements (3,186) (16,812)
Proceeds from exercise of stock options 52
Payment of dividends (3,454) (3,287)
Purchase of treasury stock (321)
Net cash (used in) provided by financing activities (20,322) 52,696
Net (decrease) increase in cash and cash equivalents (5,890) 665
Cash and cash equivalents at beginning of period 27,101 23,156
Cash and cash equivalents at end of period 21,211 23,821
Supplemental disclosure of cash flow information:    
Cash payments for income taxes 628
Cash paid for interest 21,371 13,641
Cash paid for operating leases $ 128 $ 118
[1] Not within the scope of ASC 606.