v3.26.1
Consolidated Condensed Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 16,264 $ 13,578
Adjustments to reconcile net income to net cash from operating activities:    
(Credit) Provision for credit losses (1,013) 22
(Credit) for unfunded commitments (21) (226)
Depreciation and amortization 2,001 1,613
Net (accretion) amortization of securities (479) 37
Available for sale security losses 0 1,334
Realized losses (gains) on equity securities 18 (21)
Loss on premises and equipment sales and disposals, net 10 24
Stock compensation expense 662 642
Earnings on bank owned life insurance (966) (699)
Income recognized from death benefit on bank owned life insurance (526) (111)
Origination of loans held for sale (19,872) (16,486)
Proceeds from loans held for sale 19,849 19,089
Net (gains) on sale of loans (380) (326)
Net change in other assets and liabilities (7,974) (2,800)
NET CASH FROM OPERATING ACTIVITIES 7,573 15,670
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from maturities and repayments of securities available for sale 20,495 14,850
Proceeds from sales of securities available for sale 0 23,901
Purchases of securities available for sale (15,927) (34,539)
Proceeds from redemption of restricted stock 18,785 6,946
Purchase of restricted stock (16,886) (604)
Loan originations and payments, net 14,399 23,044
Purchase of portfolio loans 0 (8,044)
Proceeds from loans held for sale previously classified as portfolio loans 0 1,600
Proceeds from BOLI death benefit 562 0
Purchase of company owned life insurance 0 (15,000)
Proceeds from land, building and equipment sales 25 11
Additions to premises and equipment (507) (3,498)
Net cash paid in business combinations 64,757 0
NET CASH FROM INVESTING ACTIVITIES 85,374 7,417
CASH FLOWS FROM FINANCING ACTIVITIES    
Net change in deposits 92,815 214,509
Net change in short-term borrowings (85,000) (203,000)
Cash dividends paid (6,371) (6,361)
Cash paid for withholding taxes on share-based awards (665) (717)
NET CASH FROM FINANCING ACTIVITIES 779 4,431
NET CHANGE IN CASH AND CASH EQUIVALENTS 93,726 27,518
Beginning cash and cash equivalents 92,357 85,738
Ending cash and cash equivalents 186,083 113,256
Supplemental cash flow information:    
Interest paid 26,535 24,793
Supplemental noncash disclosures:    
Issuance of stock awards 1,827 1,056
Issuance of stock for business combination 277,363 0
Transfer of loans to loans held for sale 0 1,845
Lease liabilities arising from obtaining right-of-use assets 3,486 149
Equity Securities, Excluding SBIC Fund [Member]    
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from sales of equity securities 53 28
Purchase of equity securities (53) (30)
SBIC Funds [Member]    
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from sales of equity securities 61 216
Purchase of equity securities $ (390) $ (1,464)