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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:      
Net income $ 39,427 $ 40,546 $ 32,192
Adjustments to reconcile net income to net cash from operating activities      
Time deposits amortization 8 8 2
Security amortization, net 1,607 1,376 1,119
Depreciation 4,456 1,976 2,253
Amortization of core deposit intangible 1,296 890 913
Amortization of net deferred loan fees (2,859) (10,738) (5,066)
Net gain on sale of securities (10) (1,786) (94)
Net (gain) loss on equity securities (118) (186) 57
Provision for loan losses 1,752 830 10,112
Loans originated for sale (126,507) (255,265) (308,742)
Proceeds from sale of loans 131,193 268,336 312,589
Net gain on sale of loans (3,397) (8,042) (8,563)
Increase in cash surrender value of bank owned life insurance (984) (1,200) (977)
Share-based compensation 819 702 617
Deferred taxes 483 1,319 (2,277)
Change in Accrued interest payable 302 111 (73)
Accrued interest receivable (2,049) 2,036 (2,328)
Other, net (20,236) (152) 920
Net cash from operating activities 25,183 40,761 32,654
Cash flows used for investing activities:      
Maturities 1,312 980 735
Purchases (245) (245) (1,250)
Maturities, prepayments and calls of securities, available for sale 49,276 61,927 58,246
Sales of securities, available for sale 57,332 1,810 1,455
Purchases of securities, available for sale (128,860) (268,309) (54,850)
Purchases of other securities (16,646)   (257)
Redemption of other securities 1,625 3,526  
Purchase of equity securities (1,000)    
Redemption of equity securities     247
Proceeds from bank owned life insurance   535  
Net change in loans (315,190) 71,072 (343,348)
Proceeds from sale of OREO properties   122  
Acquisitions, net of cash (51,643)    
Premises and equipment purchases (6,508) (1,927) (1,972)
Disposal of premises and equipment 183 13 12
Net cash used for investing activities (410,364) (130,496) (340,982)
Cash flows from financing activities:      
Increase (decrease) in deposits (67,911) 227,303 510,634
Net change in short-term FHLB advances 393,700   (101,500)
Repayment of long-term FHLB advances (93,128) (50,000)  
Repayment of other borrowings (42,626)   (183,695)
Proceeds from other borrowings     183,695
Proceeds from subordinated debentures   73,386  
Increase (decrease) in securities sold under repurchase agreements (352) (3,419) 10,240
Repurchase of common stock (16,887) (22,309) (13,454)
Cash dividends paid (8,493) (8,036) (7,118)
Net cash from financing activities 164,303 216,925 398,802
Increase (decrease) in cash and due from financial institutions (220,878) 127,190 90,474
Cash and cash equivalents at beginning of year 264,239 137,049 46,575
Cash and cash equivalents at end of year 43,361 264,239 137,049
Supplemental disclosures of cash flow information:      
Interest paid 10,696 6,206 10,211
Income taxes paid 3,145 6,180 7,095
Transfer of loans from portfolio to other real estate owned   72 $ 31
Securities purchased not settled 1,338 $ 3,524  
Comunbanc Corp [Member]      
The Company purchased all of the capital stock. In conjunction with the acquisitions, liabilities were assumed as follows:      
Fair value of assets acquired 340,649    
Less: common stock issued 21,122    
Less: cash paid for the capital 24,968    
Liabilities assumed 294,559    
Vision Financial Group [Member]      
The Company purchased all of the capital stock. In conjunction with the acquisitions, liabilities were assumed as follows:      
Fair value of assets acquired 126,852    
Less: common stock issued 10,500    
Less: cash paid for the capital 36,044    
Liabilities assumed $ 80,308