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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities, net of effects of acquisitions:      
Net Income $ 46,062 $ 36,427 $ 40,240
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for loan losses 1,134 2,415 2,341
(Reversal) provision for unfunded commitments (1,075) 106 501
Depreciation 3,311 3,498 3,571
Amortization and accretion of purchase accounting valuations and intangibles 2,395 3,073 3,682
Losses on equity investments 182 0 0
Federal Home Loan Bank stock dividends (370) (497) (607)
Net amortization of premium on investments 184 281 374
Amortization of subordinated debt issuance cost 216 218 228
Loss on sale of securities, net 0 0 249
Gain on sale of loans, net (860) (470) (816)
(Gain) loss on sale of assets, net (3) (33) 27
Proceeds, including principal payments, from loans held for sale 72,572 48,373 16,540
Originations of loans held for sale (72,747) (48,488) (16,638)
Non-cash compensation 3,377 2,764 2,375
Deferred income tax benefit (123) (44) (33)
Decrease (increase) in accrued interest receivable and other assets 4,627 527 (8,023)
Increase in cash surrender value of bank-owned life insurance (1,136) (1,100) (1,045)
(Decrease) increase in accrued interest payable and other liabilities (3,238) 1,681 (1,610)
Net cash provided by operating activities 54,508 48,731 41,356
Cash flows from investing activities, net of effects of acquisitions:      
Purchases of securities available for sale (26,039) (10,507) 0
Proceeds from maturities, prepayments and calls on securities available for sale 54,775 43,779 49,554
Proceeds from sales on securities available for sale 0 0 13,762
Increase in loans, net (30,659) (141,753) (154,666)
Decrease in interest-bearing deposits in banks 0 99 250
Proceeds from sale of foreclosed assets 2,620 2,159 809
Purchases of office properties and equipment (10,166) (4,057) (2,022)
Proceeds from sale of office properties and equipment 187 248 4
Purchase of Federal Home Loan Bank stock (1,582) (4,409) (5,215)
Proceeds from redemption of Federal Home Loan Bank stock 7,987 7,335 3,269
Net cash used in investing activities (2,877) (107,106) (94,255)
Cash flows from financing activities, net of effects of acquisitions:      
Increase in deposits, net 192,103 110,208 37,883
Borrowings on Federal Home Loan Bank advances 3,598,901 1,072,850 17,420,575
Repayments of Federal Home Loan Bank advances (3,771,423) (1,090,019) (17,404,079)
Repayments of other borrowings (5,539) 0 0
Proceeds from exercise of stock options 87 130 102
Issuance of stock under incentive plans 640 886 329
Dividends paid to shareholders (8,988) (8,189) (8,222)
Purchase of Company’s common stock (14,355) (4,774) (5,259)
Net cash (used in) provided by financing activities (8,574) 81,092 41,329
Net change in cash and cash equivalents 43,057 22,717 (11,570)
Cash and cash equivalents at beginning of year 98,548 75,831 87,401
Cash and cash equivalents at end of year 141,605 98,548 75,831
Supplementary cash flow information:      
Interest paid on deposits and borrowed funds 61,640 62,099 41,884
Income taxes paid 13,370 6,491 12,630
Noncash investing and financing activities:      
Loans transferred to ORE, net of charge offs 2,922 2,396 1,793
Recognition of new operating leases $ 0 $ 177 $ 3,321