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Unaudited Consolidated Statements of Cash Flows - USD ($)
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash Flows From Operating Activities:    
Net income $ 22,106,000 $ 18,624,000
Adjustments to reconcile net income to net cash from operating activities:    
Provision for credit losses 3,961,000 3,933,000
Provision for losses on foreclosed assets 60,000 91,000
Amortization of securities 1,890,000 2,210,000
Accretion of securities (351,000) (358,000)
Realized net loss (gain) on sales of securities available-for-sale 1,359,000 (5,000)
Accretion of discount on acquired loans (7,000) (7,000)
Accretion of deferred loan fees / costs (3,634,000) (3,115,000)
Amortization of core deposit intangible asset 394,000 522,000
Amortization of debt issuance costs 53,000 55,000
Stock-based compensation expense 393,000 373,000
Bank owned life insurance income (1,091,000) (957,000)
Depreciation and amortization of premises and equipment 2,421,000 2,056,000
Loss (gain) on sales of foreclosed assets 36,000 (51,000)
Deferred income tax benefit (1,210,000) (1,394,000)
(Increase) decrease in operating assets and (decrease) increase in operating liabilities:    
Loans held-for-sale (5,268,000) (3,510,000)
Accrued interest receivable (530,000) (1,931,000)
Other assets 2,300,000 (5,753,000)
Accrued interest payable and other liabilities (37,000) 751,000
Net cash from operating activities 22,845,000 11,534,000
Cash Flows (Used For) Investing Activities:    
Maturity of certificate of deposit   722,000
Activity in securities available-for-sale:    
Sales of securities available-for-sale 81,705,000 15,252,000
Maturities, payments, calls of securities available-for-sale 32,556,000 32,704,000
Purchases of securities available-for-sale (106,052,000) (4,861,000)
Activity in securities held-to-maturity:    
Maturities, payments, calls of securities held-to-maturity 3,609,000 3,772,000
Loan principal originations, net (182,865,000) (317,130,000)
Proceeds from sale of foreclosed assets 906,000 497,000
Purchases of premises and equipment (1,998,000) (7,603,000)
Redemption (purchase) of restricted equity securities, net 3,395,000 (4,111,000)
Purchase of bank owned life insurance (1,278,000)  
Net cash used for investing activities (170,022,000) (280,758,000)
Cash Flows From Financing Activities:    
Net increase in deposits 308,167,000 262,551,000
Net (decrease) increase in securities sold under agreements to repurchase (2,796,000) 11,634,000
Proceeds from Federal Home Loan Bank advances 50,000,000 250,000,000
Repayment of Federal Home Loan Bank advances (130,000,000) (190,000,000)
Proceeds from issuance of line of credit   12,000,000
Repayment of line of credit   (12,000,000)
Proceeds from Federal Reserve Bank discount window borrowings   26,500,000
Repayment of Federal Reserve Bank discount window borrowings   (51,500,000)
Proceeds from issuance of common stock   32,943,000
Proceeds from exercise of common stock options 217,000 343,000
Purchase of treasury stock (1,321,000) (605,000)
Sale of treasury stock 1,297,000 840,000
Cash dividends (3,833,000) (3,208,000)
Net cash from financing activities 221,731,000 339,498,000
Net Change In Cash And Cash Equivalents 74,554,000 70,274,000
Cash and Cash Equivalents At Beginning Of Period 72,547,000 74,826,000
Cash and Cash Equivalents At End Of Period 147,101,000 145,100,000
Cash Payments For:    
Interest paid to depositors 48,225,000 29,471,000
Interest paid on borrowings 7,543,000 6,872,000
Income taxes 4,770,000 5,680,000
Non-cash investing and financing activities:    
Transfer of loans to foreclosed assets 954,000 444,000
Restricted stock (forfeiture) grant $ (33,000) $ 391,000