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 $ 30,002 $ 22,959
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 2,605 4,317
Amortization of intangible assets 911 1,135
Provision for credit losses 5,602 3,391
Stock compensation expense 1,271 1,234
Net (gain) loss on sale of securities, net (55) 4
Deferred income tax expense (119) 66
Increase in cash surrender value of bank owned life insurance (1,828) (1,780)
Net losses from sale and write-downs of other real estate owned and other repossessed assets 399 249
Net gains from mortgage banking (1,630) (1,070)
Origination of loans held for sale (24,271) (16,582)
Proceeds from sales of loans held for sale 27,139 18,164
Net (gain) loss from sale/disposal of fixed assets (38) 14
Net change in:    
Accrued interest receivable 175 (587)
Accrued interest payable (568) 923
Other assets (853) (3,050)
Other liabilities 1,282 (1,078)
Net cash provided by operating activities 40,024 28,309
Cash flows from investing activities:    
Proceeds from sales 13,312  
Proceeds from maturities, calls and paydowns 33,387 26,175
Purchases (71,086) (38,842)
Proceeds from maturities, calls and paydowns 1,232 1,118
Proceeds from sales of other investments 4,206 1,041
Purchases of other investments (5,906) (1,666)
Net increase in loans and leases (320,873) (219,692)
Proceeds from sale of fixed assets 42 67
Purchases of premises and equipment (7,401) (1,707)
Proceeds from sale of other real estate owned and other repossessed assets 893 1,157
Net cash used in investing activities (352,194) (232,349)
Cash flows from financing activities:    
Net increase in deposits 232,765 185,659
Net decrease in securities sold under agreements to repurchase (2,406) (1,169)
Proceeds from borrowings 101,500 1,000
Repayment of borrowings (101,500) (1,000)
Cash dividends paid (2,908) (2,722)
Issuance of common stock   63
Restricted stock withheld for taxes (311) (265)
Net cash provided by financing activities 227,140 181,566
Net change in cash and cash equivalents (85,030) (22,474)
Cash and cash equivalents, beginning of period 464,417 387,570
Cash and cash equivalents, end of period 379,387 365,096
Supplemental disclosures of cash flow information:    
Cash paid during the period for interest 56,939 56,325
Net cash paid during the period for income taxes 5,680 5,118
Noncash investing and financing activities:    
Recognition of operating lease assets in exchange for lease liabilities   614
Acquisition of other repossessed assets 798 1,732
Financed sales of other repossessed assets $ 183 $ 679