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 $ 33,271 $ 36,946
Proceeds from sales of loans held for sale 70,114 70,978
Originations of loans held for sale (68,968) (67,720)
Items not requiring (providing) cash:    
Depreciation 4,344 3,950
Amortization 224 267
Compensation expense for stock option grants 988 912
Provision (credit) for unfunded commitments (923) (458)
Net gain on loan sales (1,514) (1,494)
Net gain on sale of premises and equipment (37) (29)
Impairment on premises and equipment 1,389  
Net (gain) loss on sale/write-down of other real estate owned and repossessions (57) 5
Accretion of deferred income, premiums, discounts and other (2,604) (7,478)
Loss (gain) on derivative interest rate products (3) 52
Deferred income taxes (2,672) (277)
Changes in:    
Interest receivable (399) (214)
Prepaid expenses and other assets 4,363 1,142
Accrued expenses and other liabilities (12,603) 18,021
Income taxes refundable/payable 2,413 (295)
Net cash provided by operating activities 27,326 54,308
CASH FLOWS FROM INVESTING ACTIVITIES    
Net change in loans 47,353 157,762
Purchase of premises and equipment (4,734) (6,329)
Proceeds from sale of premises and equipment 105 33
Proceeds from sale of other real estate owned and repossessions 789 37
Capitalized costs on real estate owned (582)  
Proceeds from maturities and calls of available-for-sale securities 18 1,617
Principal reductions on mortgage-backed securities 21,555 28,100
Purchase of available-for-sale securities   (5,951)
Investment in tax credit partnerships (596) (9,003)
Redemption (purchase) of Federal Home Loan Bank stock and change in other interest-earning assets (7,335) 4,678
Net cash provided by investing activities 56,573 170,944
CASH FLOWS FROM FINANCING ACTIVITIES    
Net decrease in certificates of deposit (36,934) (18,141)
Net increase (decrease) in checking and savings deposits (55,983) 35,459
Net increase (decrease) in brokered deposits (87,790) 61,259
Net increase in short-term borrowings 106,078 26,018
Repayment of borrowing under Federal Reserve Bank Term Funding Program   (180,000)
Redemption of subordinated notes   (75,000)
Advances from borrowers for taxes and insurance 4,502 3,550
Repurchases of the Company's common stock (24,771) (20,007)
Dividends paid (9,441) (9,318)
Stock options exercised 10,867 1,085
Net cash used in financing activities (93,472) (175,095)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (9,573) 50,157
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 189,554 195,756
CASH AND CASH EQUIVALENTS, END OF PERIOD $ 179,981 $ 245,913