v3.26.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Dec. 31, 2025
Jun. 30, 2025
Mar. 31, 2025
Operating Activities:        
Net income $ 13,675 $ 12,441 $ 11,778 $ 13,324
Adjustments to Reconcile Net Income to Net Cash Provided (Used) by Operating Activities:        
Depreciation and amortization of premises and equipment 855     895
Depreciation of debt issuance costs 35     0
Amortization of investment security premium, net of discount accretion (118)     50
Unrealized loss on marketable equity securities 256     50
Deferred tax (benefit) expense 1,729     0
Stock-based compensation 310     232
Deferred loan fees and amortization, net of costs (605)     502
Provision (benefit) for credit losses 960     (1,409)
Additions to home mortgage servicing rights carried at fair value (1,079)     (1,230)
Change in fair value of home mortgage servicing rights carried at fair value 127     855
Change in fair value of commercial servicing rights carried at fair value 2     73
Change in fair value of loans held for sale 0     1,161
Gain on sale of loans (2,997)     (2,740)
Proceeds from the sale of loans held for sale 145,525     110,907
Origination of loans held for sale (123,384)     (108,499)
Net changes in assets and liabilities:        
Increase in accrued interest receivable (1,663)     (1,887)
Decrease in other assets 5,763     2,836
(Decrease) increase in other liabilities (12,174)     1,420
Net Cash Provided by Operating Activities 27,217     16,540
Investment in securities:        
Purchases of investment securities available for sale (54,986)     (15,187)
Purchases of marketable equity securities (2,009)     0
Purchases of FHLB stock (421)     (7,472)
Purchases of investment securities held to maturity (15,000)     0
Proceeds from sales/calls/maturities of securities available for sale 56,693     34,631
Proceeds from sales/calls/maturities of securities held to maturity 10,000     0
Proceeds from redemption of FHLB stock 125     7,461
Increase in purchased receivables, net (3,383)     (21,457)
Increase in loans, net (63,845)     (96,010)
Sallyport Commercial Finance, LLC acquisition, net of cash received 0     144
Purchases of premises and equipment (2,891)     (208)
Net Cash (Used) by Investing Activities (75,717)     (98,098)
Financing Activities:        
Increase in deposits 60,717     97,788
Decrease in borrowings (112)     (9,909)
Proceeds from the issuance of common stock 483     0
Cash dividends paid (3,557)     (3,534)
Net Cash Provided by Financing Activities 57,531     84,345
Net Change in Cash and Cash Equivalents 9,031     2,787
Cash and Cash Equivalents at Beginning of Period 145,906   $ 65,523 62,736
Cash and Cash Equivalents at End of Period 154,937 $ 145,906   65,523
Supplemental Information:        
Income taxes paid 1     193
Interest paid 9,228     10,345
Transfer of loans to other real estate owned 1,036     0
Non-cash lease liability arising from obtaining right of use assets 6,426     0
Cash dividends declared but not paid $ 33     $ 39