v3.26.3
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Cash flows from operating activities:    
Net income $ 44,847 $ 25,158
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses on loans 1,388 4,220
Provision (benefit) for unfunded commitments (696) 71
Provision for credit losses on available-for-sale debt securities   636
Net (accretion) amortization of securities (1,260) 73
Change in unamortized net loan costs and premiums (516) 61
Premises and equipment depreciation 3,416 3,150
Stock-based compensation expense 2,806 2,138
Accretion of purchase accounting entries, net (3,679) (1,526)
Amortization of other intangibles 1,746 932
Income from cash surrender value of bank-owned life insurance policies (4,097) (1,881)
Loss on available-for-sale debt securities 964 4,901
Decrease (increase) right-of-use lease assets 1,067 (145)
(Decrease) increase in lease liabilities (998) 208
Loss and other expenses on other real estate owned 1,540  
Loss (gain) on premises and equipment, net 181 (113)
Originations of loans held for sale (83,974) (38,015)
Proceeds from loans held for sale 81,384 33,705
Net change in other assets and liabilities 5,061 (2,452)
Net cash provided by operating activities 49,180 31,121
Cash flows from investing activities:    
Proceeds from maturities, calls and prepayments of available-for-sale debt securities 67,112 73,216
Proceeds from sales of available-for-sale debt securities 970 40,987
Purchases of available-for-sale debt securities (83,851) (67,687)
Purchase of loans held for investment (12,035)  
Net change in loans (18,539) (21,277)
Purchase of Federal Home Loan Bank stock (14,614) (8,977)
Proceeds from redemption of Federal Home Loan Bank stock 17,954 17,024
Purchase of premises and equipment (7,145) (4,633)
Proceeds from sale of premises and equipment   597
Proceeds from death benefit of bank-owned life insurance policy 9,285  
Cash received from acquisitions, net   77,521
Net cash (used in) provided by investing activities (40,863) 106,771
Cash flows from financing activities:    
Net change in deposits 116,667 149,219
Net change in short-term borrowings (85,528) (192,097)
Repayments of long-term borrowings (7,500) (14,964)
Repayments of subordinated debt (20,000)  
Net issuance to employee stock plans (1,095) (469)
Cash dividends paid on common stock (16,881) (15,029)
Net cash provided by financing activities (14,337) (73,340)
Net change in cash and cash equivalents (6,020) 64,552
Cash and cash equivalents at beginning of year 80,837 72,162
Cash and cash equivalents at end of period 74,817 136,714
Supplemental cash flow information:    
Interest paid 56,650 55,805
Income taxes paid, net 11,593 6,842
Transfer of non-cash assets   1,000
Transfer from loans held for sale to held for investment 1,100  
Non-cash transfer between loans and other assets 14,436  
Non-cash transfer between other assets and cash surrender value of bank-owned life insurance 908  
Transfer from loans to other real estate owned $ 8,170  
Assets acquired in acquisition of Guaranty Bancorp, Inc., excluding cash received   580,531
Liabilities assumed in acquisition of Guaranty Bancorp, Inc.   641,177
Common stock issued for acquisition of Guaranty Bancorp, Inc.   $ 39,217