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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net income $ 4,437 $ 6,905
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation 7,899 7,604
Net accretion on loans (778) (1,598)
Amortization of subordinated notes issuance costs 118 261
Amortization of junior subordinated debentures 314 302
Net (accretion) amortization on securities (216) (593)
Amortization of intangible assets 5,800 5,593
Software amortization 4,857 2,531
Deferred taxes, net 4,164 2,243
Credit loss expense (benefit) 628 10,051
Stock based compensation 6,261 7,066
Net (gains) losses on equity securities (81) (468)
Net OREO (gains) losses and valuation adjustments 0 16
Net (gains) losses on disposal of premises and equipment (443) 0
Origination of loans held for sale (8,627) (3,495)
Proceeds from sale of loans originated or purchased for sale 8,101 1,368
Net (gains) losses on sale of loans (324) 69
Net change in operating leases (217) 312
Change in estimated fair value of indemnification asset 409 409
Change in estimated fair value of revenue share asset (274) (879)
(Increase) decrease in other assets (36,001) (11,556)
Increase (decrease) in other liabilities 10,152 (15,015)
Net cash provided by (used in) operating activities 6,179 11,126
Cash flows from investing activities:    
Purchases of securities available for sale (105,000) (83,261)
Proceeds from maturities, calls, and pay downs of securities available for sale 95,028 43,194
Proceeds from maturities, calls, and pay downs of securities held to maturity 135 307
Purchases of loans held for investment (21,742) (2,503)
Proceeds from sale of loans 13,795 18,016
Net change in loans (406,345) (141,637)
Purchases of premises and equipment (7,294) (53,735)
Proceeds from sales of premises and equipment 11,455 0
Net proceeds from sale of OREO 0 64
Expenditures for capitalized software (9,897) (10,748)
(Purchases) redemptions of FHLB and other restricted stock, net 715 238
Net cash paid for acquisitions (137,517) 0
Acquired intangible assets (124) (2,920)
Net cash provided by (used in) investing activities (566,791) (232,985)
Cash flows from financing activities:    
Net increase (decrease) in deposits 365,278 414,540
Increase (decrease) in Federal Home Loan Bank advances 150,000 25,000
Preferred stock dividends (1,603) (1,603)
Stock option exercises, net 25 144
Proceeds from employee stock purchase plan common stock issuance 1,368 1,099
Purchase of treasury stock, net (2,227) (3,293)
Net cash provided by (used in) financing activities 512,841 435,887
Net increase (decrease) in cash and cash equivalents (47,771) 214,028
Cash and cash equivalents at beginning of period 330,117 286,635
Cash and cash equivalents at end of period 282,346 500,663
Supplemental cash flow information:    
Interest paid 37,472 33,824
Income taxes paid, net 1,642 646
Cash paid for operating lease liabilities 2,952 2,425
Supplemental noncash disclosures:    
Loans transferred to OREO 1,995 43
Loans held for investment transferred to loans held for sale 18,075 16,388
Lease liabilities arising from obtaining right-of-use assets $ 548 $ 2,382