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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating activities    
Net income $ 15,067 $ 6,734
Adjustments to reconcile net income to net cash used in operating activities:    
Provision for credit losses 1,165 8,760
Depreciation and amortization of premises and equipment and equipment for operating leases 2,578 2,309
Deferred income tax expense (benefit) 755 (1,124)
Net accretion of purchase accounting adjustments on loans (715) (352)
Net amortization and accretion 1,841 1,746
SBIC investments income (254) (525)
Loss (gain) on sale of premises and equipment 9 (900)
Loss on sale or writedown of REO 0 78
Loss (gain) incurred at the end of operating leases - lessor 145 (17)
BOLI income (1,835) (522)
Gain on sale of loans held for sale (1,457) (1,811)
Origination of loans held for sale (63,087) (80,293)
Proceeds from sales of loans held for sale 37,790 62,253
New deferred loan origination costs, net (374) (184)
(Increase) decrease in accrued interest receivable and other assets (3,281) 727
Share-based compensation expense 413 434
ESOP compensation expense 348 349
Increase (decrease) in other liabilities 1,858 (1,667)
Net cash used in operating activities (9,034) (4,005)
Investing activities    
Purchase of debt securities available for sale (12,034) (7,938)
Proceeds from maturities, calls and paydowns of debt securities available for sale 17,666 12,832
Purchases of CDs in other banks (1,988) (6,221)
Proceeds from maturities of CDs in other banks 3,085 2,490
Net (purchases) redemptions of FHLB and FRB stock 4,702 (4,339)
Net capital contributions in SBIC investments, at cost (525) (681)
Net increase in loans (5,299) (97,332)
Purchase of BOLI (11) (29)
Collection of receivable representing proceeds from redemption of BOLI policies 41,319 0
Purchase of equipment for operating leases (3,401) (419)
Proceeds from sale of equipment for operating leases - lessor 5,204 0
Purchase of premises and equipment (571) (2,083)
Proceeds from sale of premises and equipment and assets held for sale 0 1,854
Net cash received in merger 0 30,601
Net cash provided by (used in) investing activities 48,147 (71,265)
Financing activities    
Net increase in deposits 138,434 56,977
Net increase (decrease) in revolving line of credit (3,250) 20,263
Net decrease in short-term borrowings (139,000) 170,000
Repayment of long-term borrowings 0 (24,728)
Cash dividends paid (1,870) (1,680)
Retired stock (233) (249)
Exercised stock options 159 4,066
Net cash provided by financing activities (5,760) 224,649
Net increase (decrease) in cash and cash equivalents 33,353 149,379
Cash and cash equivalents at beginning of period 347,140 165,034
Cash and cash equivalents at end of period 380,493 314,413
Cash paid during the period for    
Interest 20,221 7,866
Income taxes 50 4,755
Noncash transactions    
Unrealized gain (loss) in value of debt securities available for sale, net of income taxes (604) 699
Transfer of loans held for sale to loans held for investment 5,392 5,545
Establish receivable for death benefit proceeds from BOLI policies 1,734 0
ROU asset and lease liabilities for operating lease accounting 24 0
Fair value of assets acquired 0 664,840
Fair value of liabilities assumed 0 609,938
Net assets acquired $ 0 $ 54,902