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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 25,797 $ 26,726
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 2,208 2,240
Provision for credit losses 4,234 2,969
Stock-based compensation expense 1,299 124
Deferred compensation expense accrued 1,444 1,652
Gains on other real estate owned, net (31) (52)
Amortization of premiums on securities, net 719 126
Caplet amortization   121
Fair value loss on derivatives and trading securities 1,007 163
Ineffectiveness on fair value hedges 16 1
Loans originated for sale (16,211) (18,508)
Proceeds on sales of loans 16,687 20,980
Gains on sales of residential real estate loans (297) (382)
Gains on sales of government guaranteed portions of loans (61) (24)
Gains on sales and disposals of premises and equipment   (2)
Amortization of intangibles 661 690
Accretion of acquisition fair value adjustments, net (184) (363)
Increase in cash value of bank-owned life insurance (524) (868)
Increase in other assets (12,182) (9,843)
Decrease in other liabilities (28,136) (23,006)
Net cash provided by (used in) provided by operating activities (3,554) 2,744
CASH FLOWS FROM INVESTING ACTIVITIES    
Net decrease in federal funds sold 18,250 31,300
Net (increase) decrease in interest-bearing deposits at financial institutions (73,374) 32,049
Proceeds from sales of other real estate owned 400 615
Activity in securities portfolio:    
Purchases (48,301) (43,631)
Calls, maturities and redemptions 13,985 8,498
Paydowns 10,014 5,001
Sales   445
Activity in restricted investment securities:    
Purchases (64) (661)
Redemptions 6,174 10,575
Net increase in loans/leases originated and held for investment (41,464) (114,173)
Purchase of premises and equipment (9,119) (12,142)
Proceeds from sales of premises and equipment   2
Net cash used in investing activities (123,499) (82,122)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net increase in deposit accounts 276,203 292,770
Net increase in short-term borrowings 250 1,200
Activity in Federal Home Loan Bank advances:    
Net change in short-term and overnight advances (140,000) (230,000)
Payment of cash dividends on common stock (1,013) (1,004)
Proceeds from issuance of common stock, net (1,125) 277
Net cash provided by financing activities 134,315 63,243
Net increase (decrease) in cash and due from banks 7,262 (16,135)
Cash and due from banks, beginning 91,732 97,123
Cash and due from banks, ending 98,994 80,988
Supplemental disclosure of cash flow information, cash payments for:    
Interest 57,886 59,566
Income/franchise taxes 43 56
Supplemental schedule of noncash investing activities:    
Change in fair value of fair value hedges (1,556)  
Transfers of loans to other real estate owned 110  
Transfer of loans to held for sale for securitizations in preparation   274,816
Decrease in the fair value of back-to-back interest rate swap assets and liabilities (4,952) (4,816)
Dividends payable $ 1,015 $ 1,008