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 $ 13,680 $ 11,254
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,297 2,168
Amortization of intangibles 457 569
Provision for credit losses 4,139 979
Stock compensation expense 714 761
Net (gain) loss on sale of securities, net (1)  
Deferred income tax expense 565 988
Increase in cash surrender value of bank-owned life insurance (913) (888)
Net losses from sale and write-downs of other real estate owned and other repossessed assets 155 84
Net gains from mortgage banking (736) (464)
Origination of loans held for sale (8,986) (4,758)
Proceeds from sales of loans held for sale 13,311 7,374
Net loss (gain) from sale/disposal of fixed assets   26
Net change in:    
Accrued interest receivable (292) (106)
Accrued interest payable (2,889) 1,188
Other assets (1,073) (1,696)
Other liabilities (3,068) (3,192)
Net cash provided by operating activities 16,360 14,287
Cash flows from investing activities:    
Proceeds from sales 13,312  
Proceeds from maturities, calls and paydowns 14,277 11,144
Purchases (43,761) (23,639)
Proceeds from maturities, calls and paydowns 630 570
Proceeds from sales of other investments   1,041
Purchases of other investments (218) (797)
Net increase in loans and leases (155,016) (87,115)
Proceeds from sale of fixed assets   17
Purchases of premises and equipment (6,204) (929)
Proceeds from sale of other real estate owned and other repossessed assets 333 730
Net cash used in investing activities (176,647) (98,978)
Cash flows from financing activities:    
Net increase in deposits 43,450 122,188
Net increase (decrease) in securities sold under agreements to repurchase 169 (524)
Cash dividends paid (1,367) (1,357)
Issuance of common stock   63
Restricted shares withheld for taxes (311) (265)
Net cash provided by financing activities 41,941 120,105
Net change in cash and cash equivalents (118,346) 35,414
Cash and cash equivalents, beginning of period 464,417 387,570
Cash and cash equivalents, end of period 346,071 422,984
Supplemental disclosures of cash flow information:    
Cash paid during the period for interest 31,283 26,950
Net cash (received) paid during the period for income taxes   23
Cash received from income tax refunds (327)  
Noncash investing and financing activities:    
Recognition of operating lease assets in exchange for lease liabilities   55
Acquisition of other repossessed assets 38 1,156
Financed sales of other repossessed assets $ 197 $ 562