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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 $ 20,242 $ 17,205
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of premises and equipment 1,098 1,102
Provision for credit losses 3,500 4,000
Loss on bank owned life insurance policy exchange 327 0
Amortization of intangibles 279 321
Net accretion of loans (175) (247)
Accretion on bank premises (12) (12)
Accretion on deposits 0 (39)
Amortization on borrowings, net 6 5
Stock-based compensation 1,287 1,008
Gains on equity securities, net (529) (86)
Gains on sale of loans held-for-sale, net (332) (506)
Loans originated for resale (6,215) (6,617)
Proceeds from sale of loans held-for-sale 7,088 7,123
Increase in cash surrender value of bank owned life insurance (1,584) (1,664)
Amortization of premium and accretion of discounts on securities available-for-sale 185 185
Amortization of subordinated debentures issuance costs 127 127
Increase in accrued interest receivable (1,242) (623)
Net change in operating leases (27) (46)
Increase in other assets (5,699) (2,946)
(Decrease) increase in other liabilities (3,433) 2,232
Net cash provided by operating activities 14,891 20,522
Cash flows from investing activities    
Purchases (33,453) (25,947)
Maturities, calls and principal repayments 16,982 13,166
Purchase of equity securities (612) (807)
Proceeds from equity securities sold 2,374 0
Net redemptions of restricted investment in bank stocks 3,418 2,526
Net decrease in loans 70,451 44,273
Proceeds from bank owned life insurance 278 0
Purchases of premises and equipment (263) (138)
Net cash provided by investing activities 59,175 33,073
Cash flows from financing activities    
Net (decrease) increase in deposits (52,884) 52,491
Advances of Federal Home Loan Bank (“FHLB”) borrowings 365,000 445,000
Repayments of FHLB borrowings (440,017) (501,016)
Cash dividends on preferred stock (1,509) (1,509)
Cash dividends paid on common stock (6,914) (6,548)
Repurchase of treasury stock 0 (5,820)
Share redemption for tax withholdings on performance units and deferred stock units earned (1,627) (1,324)
Net cash used in financing activities (137,951) (18,726)
Net change in cash and cash equivalents (63,885) 34,869
Cash and cash equivalents at beginning of period 356,488 242,714
Cash and cash equivalents at end of period 292,603 277,583
Supplemental disclosures of cash flow information    
Interest paid on deposits and borrowings 58,696 67,063
Income taxes $ 1,513 $ 10,861