v3.26.1
Consolidated Statements of Cash Flows - USD ($)
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
OPERATING ACTIVITIES:    
Net income $ 28,760,000 $ 28,089,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses, loans 2,083,000 3,083,000
Release of credit losses, securities 0 (2,036,000)
Net accretion of purchase premiums and discounts on securities (160,000) (36,000)
Depreciation and amortization 915,000 977,000
Deferred income tax benefit (1,389,000) (719,000)
Net security losses (gains) 725,000 (3,551,000)
Stock compensation expense 1,136,000 1,029,000
Gain on sale of mortgage loans held for sale, net (905,000) (603,000)
Gain on sale of SBA loans held for sale, net (640,000) (302,000)
Origination of mortgage loans held for sale (31,466,000) (23,572,000)
Origination of SBA loans held for sale (3,658,000) (3,300,000)
Proceeds from sale of mortgage loans held for sale 32,371,000 24,175,000
Proceeds from sale of SBA loans held for sale 4,298,000 3,602,000
BOLI income (430,000) (334,000)
Net change in other assets and liabilities (55,466,000) (33,064,000)
Net cash used by operating activities (23,826,000) (6,562,000)
INVESTING ACTIVITIES    
Purchases of securities held to maturity (986,000)  
Purchases of equity securities (534,000) (501,000)
Purchases of AFS securities (6,000,000) (10,500,000)
Purchase of FHLB stock, at cost, net (3,087,000) (7,223,000)
Maturities, calls, and principal payments on HTM securities (0) 4,893,000
Maturities, calls, and principal payments on AFS securities 9,489,000 10,643,000
Proceeds from sales on AFS securities   998,000
Proceeds from sales of equity securities 2,191,000 6,490,000
Net increase in loans (137,904,000) (123,088,000)
Purchases of premises and equipment (519,000) (466,000)
Net cash used in investing activities (137,350,000) (118,754,000)
FINANCING ACTIVITIES    
Net increase in deposits 138,488,000 87,053,000
Proceeds from short-term borrowings, net 70,025,000 135,400,000
(Repayments of) proceeds from long-term borrowings, net (9,676,000) 21,203,000
(Shares withheld for taxes), net of proceeds from stock option exercises (415,000) (400,000)
Dividends on common stock (3,120,000) (2,707,000)
Purchase of treasury stock, including excise tax accrual (324,000) (1,938,000)
Net cash provided by financing activities 194,978,000 238,611,000
Increase in cash and cash equivalents 33,802,000 113,295,000
Cash and cash equivalents, beginning of year 216,519,000 180,438,000
Cash and cash equivalents, end of period 250,321,000 293,733,000
SUPPLEMENTAL DISCLOSURES    
Interest paid 28,637,000 27,830,000
Income taxes paid 4,690,000 8,071,000
Noncash activities:    
Capitalization of servicing rights $ 178,000 $ 106,000