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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:      
Net income $ 42,964 $ 39,427 $ 40,546
Adjustments to reconcile net income to net cash from operating activities      
Time deposits amortization 7 8 8
Security amortization, net 468 1,607 1,376
Depreciation 10,760 4,456 1,976
Amortization of core deposit intangible 1,579 1,296 890
Amortization of net deferred loan fees (1,299) (2,859) (10,738)
Loss on sale of fixed assets (82) 0 0
Net gain on sale of securities 0 (10) (1,786)
Net (gain) loss on equity securities 21 (118) (186)
Provision for loan losses 4,435 1,752 830
Loans and leases originated for sale (101,170) (126,507) (255,265)
Proceeds from sale of loans and leases 103,036 131,193 268,336
Net gain on sale of loans (2,908) (3,397) (8,042)
Increase in cash surrender value of bank owned life insurance (1,112) (984) (1,200)
Share-based compensation 984 819 702
Deferred taxes (675) 483 1,319
Change in Accrued interest payable 8,858 302 111
Accrued interest receivable (1,641) (2,049) 2,036
Other, net (1,527) (20,236) (152)
Net cash provided by operating activities 62,698 25,183 40,761
Cash flows used for investing activities:      
Maturities 245 1,312 980
Purchases   (245) (245)
Maturities, prepayments and calls of securities, available for sale 23,138 49,276 61,927
Sales of securities, available for sale 0 57,332 1,810
Purchases of securities, available for sale (14,146) (128,860) (268,309)
Purchases of other securities (32,311) (16,646)  
Redemption of other securities 35,898 1,625 3,526
Purchase of equity securities   (1,000)  
Purchases of bank owned life insurance (7,000)    
Proceeds from bank owned life insurance 320   535
Net change in loans (314,499) (315,190) 71,072
Proceeds from sale of OREO properties     122
Acquisitions, net of cash   (51,643)  
Premises and equipment purchases (3,429) (6,508) (1,927)
Disposal of premises and equipment 0 183 13
Net cash used in investing activities (311,784) (410,364) (130,496)
Cash flows from financing activities:      
Increase (decrease) in deposits 365,044 (67,911) 227,303
Net change in short-term FHLB advances (1,186) 393,700  
Repayment of long-term FHLB advances (55,700) (93,128) (50,000)
Change in other borrowings (5,657) (42,626)  
Proceeds from subordinated debentures     73,386
Increase (decrease) in securities sold under repurchase agreements (25,143) (352) (3,419)
Repurchase of common stock (1,628) (16,887) (22,309)
Cash dividends paid (9,599) (8,493) (8,036)
Net cash provided by financing activities 266,131 164,303 216,925
Increase (decrease) in cash and due from financial institutions 17,045 (220,878) 127,190
Cash and cash equivalents at beginning of year 43,361 264,239 137,049
Cash and cash equivalents at end of year 60,406 43,361 264,239
Supplemental disclosures of cash flow information:      
Interest paid 48,380 10,696 6,206
Income taxes paid $ 9,510 3,145 6,180
Transfer of loans from portfolio to other real estate owned     72
Securities purchased not settled   1,338 $ 3,524
Comunibanc 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