v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net income $ 36,493 $ 26,126
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization and accretion, net (2,413) 637
(Reversal of) provision for credit losses (1,951) 1,007
Stock-based compensation expense 2,865 2,533
Amortization of intangible assets 5,015 605
Tax Credit, Investment, Amortization Cash Flow 11,793 11,894
Bank owned life insurance income (2,604) (2,198)
Deferred Income Tax Expense (Benefit) (11,104) 895
Loss on sale of investment securities available for sale, net 217 10,741
Other (1,254) (10,473)
Net cash provided by operating activities 37,057 41,767
Cash flows from investing activities:    
Loan originations and purchases, net of payments 6,529 (28,359)
Maturities and repayments of investment securities available for sale 68,399 64,534
Maturities and repayments of investment securities held to maturity 11,974 13,068
Purchase of investment securities available for sale (359,931) (84,669)
Purchase of premises and equipment (3,296) (2,770)
Purchase of bank owned life insurance (39) (39)
Proceeds from bank owned life insurance death benefit 759 502
Purchases of Federal Home Loan Bank stock (28,610) (13,795)
Proceeds from surrender of bank owned life insurance 0 5,091
Proceeds from sales of investment securities available for sale 231,633 141,682
Proceeds from redemption of Federal Home Loan Bank stock 22,119 19,226
Proceeds from sales of premises and equipment 0 52
Capital contributions to tax credit partnerships (4,062) (34,213)
Cash Acquired from Acquisition 155,167 0
Net cash provided by investing activities 87,584 137,028
Cash flows from financing activities:    
Net (decrease) increase in deposits (270,489) 99,800
Proceeds from borrowings 635,750 306,500
Repayment of borrowings 489,500 426,300
Common stock cash dividends paid (18,044) (16,350)
Repurchase of common stock (11,072) (5,449)
Net cash used by financing activities (153,355) (41,799)
Net increase (decrease) in cash and cash equivalents (28,714) 136,996
Cash and cash equivalents at beginning of period 233,089 117,100
Cash and cash equivalents at end of period 204,375 254,096
Supplemental disclosures of cash flow information:    
Cash paid for interest 43,025 47,540
Cash paid for income taxes, net of refunds 3,400 800
Supplemental non-cash disclosures of cash flow information:    
Transfers of loans receivable to other real estate owned 755 0
Investment in LIHTC partnership and related funding commitment 35 142
Right of use assets obtained in exchange for new operating lease liabilities 1,034 2,653
Transfers of premises and equipment classified as held for sale to prepaid expenses and other assets from premises and equipment, net 1,790 93
Transfer of Bank Owned Life Insurance to Prepaid Expenses and Other Assets Due to Surrender 0 8,463
Business Combination, Recognized Asset Acquired, Asset 1,552,469 0
Business Combination, Recognized Liability Assumed, Liability (1,405,563) 0
Business Combination, Recognized Asset Acquired to Liability Assumed, Excess (Less) $ 146,906 $ 0