v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operating activities:    
Net income $ 15,420 $ 13,162
Adjustments to reconcile net income to net cash provided by (used by) operating activities:    
Provision for credit losses 6,250 5,100
Accretion of certain acquisition-related discounts, net (112) (199)
Share-based compensation 1,061 916
Depreciation and amortization 1,890 1,984
Accretion of discounts on securities, net (469) (88)
Deferred income taxes (4)  
Reversal of provision for indemnifications (60) (60)
Income from bank-owned life insurance (192) (212)
Pension expense 276 359
Proceeds from sales of loans held for sale 412,582 306,756
Origination of loans held for sale (414,688) (326,348)
Gains on sales of loans held for sale (4,981) (4,305)
Gain on sale of Bearing equity interest (8,282)  
Loss on sale of securities available for sale 7,129  
Other gains, net 1 48
Change in other assets and liabilities:    
Accrued interest receivable (43) (342)
Other assets 95 2,308
Accrued interest payable 203 (331)
Other liabilities 1,046 75
Net cash provided by (used by) operating activities 17,122 (1,177)
Investing activities:    
Proceeds from sales, maturities and calls of securities available for sale and payments on mortgage-backed securities 101,219 31,333
Purchases of securities available for sale (103,525) (42,331)
Purchases of time deposits, net (994) (254)
Repayments on loans held for investment by non-bank affiliates 90,279 82,921
Purchases of loans held for investment by non-bank affiliates (88,441) (83,286)
Net increase in community banking loans held for investment (63,763) (76,490)
Purchases of corporate premises and equipment (2,730) (833)
Proceeds from sale of Bearing equity interest 12,662  
Other investing activities, net 922 (672)
Net cash used in investing activities (54,371) (89,612)
Financing activities:    
Net (decrease) increase in demand, savings and money market deposits (3,612) 60,841
Net increase in time deposits 23,247 24,613
Proceeds from borrowings 15,000 52,000
Repayments of borrowings (10,000) (28,352)
Repurchases of common stock (981) (436)
Cash dividends paid (3,122) (2,977)
Other financing activities, net (305) (291)
Net cash provided by financing activities 20,227 105,398
Net (decrease) increase in cash and cash equivalents (17,022) 14,609
Cash and cash equivalents at beginning of period 79,132 65,586
Cash and cash equivalents at end of period 62,110 80,195
Supplemental cash flow disclosures:    
Interest paid 22,477 22,190
Income taxes paid 2,193 2,113
Supplemental disclosure of noncash investing and financing activities:    
Liabilities assumed to acquire right of use assets at lease commencement 134 $ 190
Transfers from loans held for sale to loans held for investment $ 2,104