v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities:    
Net income $ 13,537 $ 10,211
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses on loans 305 (57)
Provision for credit losses on available-for-sale debt securities   636
Net (accretion) amortization of securities (411) 283
Change in unamortized net loan costs and premiums (94) 62
Premises and equipment depreciation 1,134 1,049
Stock-based compensation expense 825 507
Accretion of purchase accounting entries, net (780)  
Amortization of other intangibles 582 233
Income from cash surrender value of bank-owned life insurance policies (1,987) (614)
Loss (gain) on available-for-sale debt securities 1,008  
Decrease (increase) right-of-use lease assets 376 311
(Decrease) increase in lease liabilities (348) (313)
Loss on premises and equipment, net 134 90
Originations of loans held for sale (23,254) (10,095)
Proceeds from loans held for sale 16,494 9,815
Net change in other assets and liabilities (2,500) (2,798)
Net cash provided by operating activities 5,021 9,320
Cash flows from investing activities:    
Proceeds from maturities, calls and prepayments of available-for-sale debt securities 19,316 28,336
Purchases of available-for-sale debt securities (25,192) (18,982)
Purchase of loans held for investment (12,035)  
Net change in loans 19,921 22,721
Purchase of Federal Home Loan Bank stock (4,537) (1,495)
Proceeds from redemption of Federal Home Loan Bank stock 6,278 3,037
Purchase of premises and equipment (2,021) (1,545)
Proceeds from death benefit of bank-owned life insurance policy 8,420  
Net cash provided by (used in) investing activities 10,150 32,072
Cash flows from financing activities:    
Net change in deposits 46,433 29,123
Net change in short-term borrowings (54,537) (49,996)
Repayments of long-term borrowings   (3)
Net issuance to employee stock plans (285) 73
Cash dividends paid on common stock (5,404) (4,620)
Net cash (used in) provided by financing activities (13,793) (25,423)
Net change in cash and cash equivalents 1,378 15,969
Cash and cash equivalents at beginning of year 80,837 72,162
Cash and cash equivalents at end of period 82,215 88,131
Supplemental cash flow information:    
Interest paid 19,189 17,839
Income taxes paid, net 303 5,826
Transfer of non-cash assets   $ 1,000
Transfer from loans held for sale to held for investment 1,100  
Non-cash transfer between loans and other assets $ 14,436