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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Operating activities    
Net income $ 16,772 $ 14,539
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 370 1,540
Depreciation and amortization of premises and equipment and equipment for operating leases 2,527 2,818
Deferred income tax expense 1,594 1,122
Net accretion of purchase accounting adjustments on loans (867) (322)
Net amortization and accretion 153 1,330
SBIC investments income (405) (1,288)
Gain on sale of premises and equipment (377) 0
Loss on repossessed assets 38 122
Loss on previously leased equipment 15 835
BOLI income (892) (842)
Gain on sale of loans held for sale (2,654) (1,908)
Origination of loans held for sale (51,925) (64,529)
Proceeds from sales of loans held for sale 145,598 114,846
New deferred loan origination fees, net 853 218
Amortization of tax credit equity investments 2,055 94
Decrease (increase) in accrued interest receivable and other assets 1,649 (91)
Share-based compensation expense 767 490
ESOP compensation expense 569 465
(Decrease) increase in accrued interest payable and other liabilities (5,006) 2,216
Net cash provided by operating activities 110,834 71,655
Investing activities    
Purchase of debt securities available for sale (12,963) (2,955)
Proceeds from maturities, calls and paydowns of debt securities available for sale 5,182 6,175
Purchases of CDs in other banks 0 (1,244)
Proceeds from maturities of CDs in other banks 5,222 3,976
Net redemption of FHLB and FRB stock 22 28
Net capital contributions in SBIC investments (238) (1,341)
Net redemptions of tax credit equity investments 526 34
Net decrease in loans 36,242 1,522
Purchase of BOLI (1) (5)
Proceeds from redemption of BOLI policies 0 2,174
Death benefit proceeds from BOLI policies 268 0
Purchase of equipment for operating leases - lessor 0 (2,087)
Proceeds from sale of equipment for operating leases - lessor 1,633 233
Purchase of premises and equipment (818) (1,024)
Proceeds from sale of premises and equipment and assets held for sale 1,016 0
Proceeds from sale of repossessed assets 300 196
Net cash provided by investing activities 36,391 5,682
Financing activities    
Net decrease in deposits (70,455) (42,843)
Net decrease in short-term borrowings (75,000) (11,000)
Common stock repurchased (23,081) (503)
Granted restricted stock 1 0
Cash dividends paid (2,169) (2,054)
Retired stock (579) (427)
Exercised stock options 59 96
Net cash provided by financing activities (171,224) (56,731)
Net increase (decrease) in cash and cash equivalents (23,999) 20,606
Cash and cash equivalents at beginning of period 324,692 279,219
Cash and cash equivalents at end of period 300,693 299,825
Cash paid during the period for    
Interest 18,387 23,356
Income taxes 68 11
Noncash transactions    
Unrealized (loss) gain in value of debt securities available for sale, net of income taxes (622) 1,085
Transfers of loans held for sale to loans held for investment 5,868 4,158
Transfers of loans held for investment to repossessed assets 0 273
Transfer of premises and equipment to assets held for sale 0 7,624
ROU asset and lease liabilities for operating lease accounting $ 0 $ 448