v3.26.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Dec. 31, 2025
Cash flows from operating activities:      
Net income $ 21,583 $ 23,569  
Adjustments to reconcile income to net cash provided by operating activities:      
Provision for credit losses 8,250 3,800  
Depreciation and amortization on premises and equipment 2,137 2,035  
Amortization of net premium on securities 65 124  
Accretion of net discount on acquired loans (121) (296)  
Net change in deferred loan origination fees and costs 4,125 1,317  
Amortization of core deposits and other intangible assets 507 628  
Amortization of premium on acquired deposits 0 (28)  
Accretion of discount on subordinated debt 60 91  
Amortization of issuance costs on subordinated debt 13 37  
Increase in cash surrender value of bank-owned life insurance (548) (522)  
Impairment of other real estate owned and foreclosed assets 2 29  
Federal Home Loan Bank stock dividends (101) (217)  
Share-based compensation expense 1,255 636  
Decrease in fair value of mortgage servicing rights 1,929 3,984  
Net loss on disposal of premises and equipment 0 125  
Net loss (gain) on other real estate owned and foreclosed assets activity 93 (17)  
Net gain on sales of loans held-for-sale (3,403) (1,707)  
Origination of loans held-for-sale (429,824) (255,085)  
Proceeds from sales of loans held-for-sale 385,088 251,200  
Changes in operating assets and liabilities:      
Lease right-of-use assets 145 (57)  
Accrued interest receivable (832) (1,566)  
Prepaid expenses and other assets (5,394) 2,763  
Accrued interest payable (324) 355  
Accrued expenses and other liabilities 2,927 (4,845)  
Net cash provided by operating activities (12,368) 26,353  
Cash flows from investing activities:      
Proceeds from maturities of held-to-maturity securities 322 360  
Purchases of available-for-sale securities 0 (19,249)  
Proceeds from pay-downs, sales or maturities of available-for-sale securities 9,597 12,870  
Loan originations, net of repayments (281,383) (110,145)  
Purchases of premises and equipment (1,753) (2,010)  
Proceeds from sales of other real estate owned and foreclosed assets 537 211  
Purchases of restricted equity securities (2,709) (619)  
Proceeds from the sale or redemption of restricted equity securities 1,356 5,023  
Purchase of other investments (17,911) (2,950)  
Proceeds from the sale or redemption of other investments 13,947 270  
Net cash used in investing activities (277,997) (116,239)  
Cash flows from financing activities:      
Net change in deposits (19,842) 202,007  
Net change in securities sold under agreements to repurchase (3,490) (6,184)  
Proceeds from Federal Home Loan Bank advances 75,000 293,000  
Repayments of Federal Home Loan Bank advances 0 (393,000)  
Proceeds from issuance of common stock, net of issuance costs and taxes paid on cashless exercise of equity awards (163) (477)  
Net cash provided by financing activities 51,505 95,346  
Net increase in cash and cash equivalents (238,860) 5,460  
Cash and cash equivalents, beginning of period 652,592 615,917 $ 615,917
Cash and cash equivalents, end of period 413,732 621,377 652,592
Supplemental disclosures of cash flow information:      
Interest paid on deposits 33,500 33,858  
Interest paid on borrowed funds 528 1,552  
Cash paid for income taxes, net 90 103  
Non-cash investing and financing activities:      
Net change in unrealized (loss) gain on available-for-sale securities (695) 4,237  
Loan charge-offs 10,648 812 $ 28,986
Mortgage servicing rights resulting from sale or securitization of mortgage loans $ 4,271 $ 2,653