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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Operating activities    
Net income $ 27,485 $ 21,747
Adjustments to reconcile net income to net cash used in operating activities:    
Provision for credit losses 5,425 9,165
Depreciation and amortization of premises and equipment and equipment for operating leases 5,562 4,703
Deferred income tax expense (benefit) 1,528 (998)
Net accretion of purchase accounting adjustments on loans (1,393) (1,325)
Net amortization and accretion 3,207 2,879
SBIC investments income (604) (875)
Loss (gain) on sale of premises and equipment 9 (982)
Loss on sale or writedown of REO 0 89
Loss incurred at the end of operating leases - lessor 787 262
BOLI income (2,642) (1,095)
Gain on sale of loans held for sale (3,285) (2,920)
Origination of loans held for sale (139,054) (194,796)
Proceeds from sales of loans held for sale 106,824 97,728
New deferred loan origination (costs) fees, net (1,302) 31
Increase in accrued interest receivable and other assets (4,517) (5,201)
Share-based compensation expense 822 823
ESOP compensation expense 704 635
Increase (decrease) in other liabilities (2,668) 4,214
Net cash used in operating activities (3,112) (65,916)
Investing activities    
Purchase of debt securities available for sale (27,475) (22,631)
Proceeds from maturities, calls and paydowns of debt securities available for sale 19,778 29,196
Purchases of CDs in other banks (2,485) (8,711)
Proceeds from maturities of CDs in other banks 5,076 4,930
Net purchases of FHLB and FRB stock (1,244) (5,422)
Net capital contributions in SBIC investments, at cost (1,069) (1,638)
Net increase in loans (54,713) (105,659)
Purchase of BOLI (11) (76)
Collection of receivable representing proceeds from redemption of BOLI policies 43,584 0
Death benefit proceeds from BOLI policies 2,363 0
Purchase of equipment for operating leases (10,441) (6,415)
Proceeds from sale of equipment for operating leases - lessor 4,912 4,487
Purchase of premises and equipment (811) (2,263)
Proceeds from sale of premises and equipment and assets held for sale 0 2,332
Proceeds from sale of REO 0 108
Net cash received in merger 0 30,601
Net cash used in investing activities (22,536) (81,161)
Financing activities    
Net increase in deposits 46,406 (17,454)
Net increase (decrease) in revolving line of credit (6,250) 20,263
Net decrease in short-term borrowings (63,000) 307,000
Repayment of long-term borrowings 0 (24,728)
Common stock repurchased (645) 0
Cash dividends paid (3,739) (3,367)
Retired stock (233) (249)
Exercised stock options 159 4,075
Net cash provided by financing activities (27,302) 285,540
Net increase (decrease) in cash and cash equivalents (52,950) 138,463
Cash and cash equivalents at beginning of period 347,140 165,034
Cash and cash equivalents at end of period 294,190 303,497
Cash paid during the period for    
Interest 43,014 21,224
Income taxes 10,291 6,523
Noncash transactions    
Unrealized loss in value of debt securities available for sale, net of income taxes (818) (367)
Transfer of loans held for sale to loans held for investment 11,283 9,584
ROU asset and lease liabilities for operating lease accounting 0 3,071
Fair value of assets acquired 0 665,090
Fair value of liabilities assumed 0 610,188
Net assets acquired $ 0 $ 54,902