v3.26.3
Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Cash flows from operating activities    
Net income $ 39,390 $ 42,133
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 11,502 10,977
Provision for credit losses on unfunded commitments 216 217
Provision for mortgage put-back reserve, net 57 53
Net amortization (accretion) on investment securities available-for-sale (251) (39)
Premises and equipment depreciation 2,241 900
Lease asset amortization 1,297 1,274
Amortization of intangible assets 782 784
Purchase accounting accretion, net (1,177) (8,108)
Increase in cash surrender value of BOLI (1,166) (1,149)
Net decrease (increase) in loan servicing assets (178) 1,334
Executive long-term incentive plan expense 556 682
Stock-based compensation expense 2,108 1,230
Director and employee compensation paid in Company stock 850 1,029
Deferred income tax expense (benefit) (2,131) 1,547
Fair value changes in derivative assets and liabilities (1,312) (1,331)
Decrease (increase) in valuation of loans held for sale carried at fair value 30 (45)
Proceeds from sales of loans held for sale 283,826 268,901
Originations of loans held for sale (268,499) (261,717)
Government lending revenue (3,604) (4,222)
Changes in assets and liabilities:    
Accrued interest receivable (6,494) (2,347)
Taxes payable 799 (4,985)
Other assets 9,118 321
Accrued interest payable (1,902) (1,348)
Other liabilities (13,894) (2,931)
Net cash provided by operating activities 52,164 43,160
Cash flows from investing activities    
Purchases of securities available-for-sale (50,945) (35,160)
Proceeds from calls and maturities of securities available-for-sale 62,256 32,359
Net proceeds from (purchases of) restricted investments 2,037 (2,578)
Net increase in portfolio loans receivable (224,828) (201,237)
Net purchases of premises and equipment (2,154) (1,953)
Net cash used in investing activities (213,634) (208,569)
Net increase (decrease) in:    
Noninterest-bearing deposits (8,205) 46,615
Interest-bearing deposits 234,493 110,728
Federal Home Loan Bank advances (50,000) 0
Dividends paid (6,195) (5,315)
Repurchase of common stock (3,593) (3,175)
Net proceeds from exercise of stock 1,437 85
Net cash provided by financing activities 167,937 148,938
Net increase (decrease) in cash and cash equivalents 6,467 (16,471)
Cash and cash equivalents, beginning of year 255,565 205,332
Cash and cash equivalents, end of period 262,032 188,861
Noncash investing and financing activities:    
Reclassification of loans to loans held for sale in conjunction with branch sale 60,176 0
Recognition of right-of-use lease asset and lease liability 3,843 0
Change in unrealized gains (losses) on investments (4,537) 6,170
Goodwill measurement period adjustment 0 4,657
Cash paid during the period for:    
Taxes 12,912 15,940
Interest $ 58,718 $ 47,872