v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net income $ 28,758 $ 16,303
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses on loans 1,555 471
Provision for credit losses on available-for-sale debt securities   636
Net (accretion) amortization of securities (841) 406
Change in unamortized net loan costs and premiums (67) 167
Premises and equipment depreciation 2,222 2,072
Stock-based compensation expense 2,108 1,206
Accretion of purchase accounting entries, net (2,126)  
Amortization of other intangibles 1,164 466
Income from cash surrender value of bank-owned life insurance policies (3,404) (1,216)
Loss (gain) on available-for-sale debt securities 1,033 4,942
Decrease (increase) right-of-use lease assets 733 (819)
(Decrease) increase in lease liabilities (683) 858
(Gain) loss and other expenses on other real estate owned 273  
Loss on premises and equipment, net 134 93
Originations of loans held for sale (47,338) (22,880)
Proceeds from loans held for sale 42,828 21,366
Net change in other assets and liabilities 4,056 (9,483)
Net cash provided by operating activities 30,405 14,588
Cash flows from investing activities:    
Proceeds from maturities, calls and prepayments of available-for-sale debt securities 44,341 41,656
Proceeds from sales of available-for-sale debt securities 970  
Purchases of available-for-sale debt securities (52,594) (52,559)
Purchase of loans held for investment (12,035)  
Net change in loans (19,378) (6,065)
Purchase of Federal Home Loan Bank stock (14,262) (8,583)
Proceeds from redemption of Federal Home Loan Bank stock 12,147 8,125
Purchase of premises and equipment (5,639) (3,533)
Proceeds from death benefit of bank-owned life insurance policy 8,420  
Net cash used in investing activities (38,030) (20,959)
Cash flows from financing activities:    
Net change in deposits 32,667 24,300
Net change in short-term borrowings 10,717 6,465
Repayments of long-term borrowings   (5)
Net issuance to employee stock plans (1,075) 144
Cash dividends paid on common stock (11,133) (9,660)
Net cash provided by financing activities 31,176 21,244
Net change in cash and cash equivalents 23,551 14,873
Cash and cash equivalents at beginning of year 80,837 72,162
Cash and cash equivalents at end of period 104,388 87,035
Supplemental cash flow information:    
Interest paid 38,682 37,915
Income taxes paid, net 9,473 7,054
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  
Non-cash transfer between other assets and cash surrender value of bank-owned life insurance 1,773  
Transfer from loans to other real estate owned $ 8,170