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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 42,596 $ 26,537
Adjustments to reconcile net income to net cash from operating activities:    
Net accretion of available-for-sale securities (215) (257)
Loss on sale of available-for-sale securities   1,868
Amortization of core deposit intangible 112 112
Provision for credit losses 5,715 10,719
Loan hedge fair value adjustments, net (115) 87
Change in net deferred loan origination fees 506 785
Mortgage loans originated for sale (4,983) (13,010)
Proceeds from sale of mortgage loans held for sale 8,043 22,707
Gain on sale of mortgage loans (217) (672)
Depreciation and amortization expense 2,173 2,109
Gain from BOLI death benefit (25)  
Increase in cash surrender values of BOLI (2,424) (1,219)
Establishment of solar income tax credit investment basis reduction deferred tax liability   2,503
Deferred income tax benefit (29) (2,533)
ESOP expense 2,291 1,972
Stock-based compensation 1,848  
Changes in operating assets and liabilities:    
Accrued interest receivable (1,389) (1,387)
Prepaid expenses and other assets 6,636 (21,390)
Accrued expenses and other liabilities 3,978 (9,838)
Accrued retirement liabilities (3,269) 2,818
NET CASH PROVIDED BY OPERATING ACTIVITIES 61,232 21,911
CASH FLOWS FROM INVESTING ACTIVITIES    
Loan originations and purchases, net of repayments (389,776) (377,883)
Purchases of available-for-sale securities (45,558) (98,661)
Proceeds from sales of available-for-sale securities 0 27,444
Proceeds from maturities, calls and paydowns of available-for-sale securities 48,032 62,971
Recoveries of loans previously charged off 1,517 258
Net change in non-public investments (20,167) 4,946
Proceeds from BOLI death benefit 128  
Proceeds from surrender of BOLI policies 48,764 (50,001)
Purchases of banking premises and equipment (1,361) (1,380)
NET CASH USED IN INVESTING ACTIVITIES (358,421) (432,306)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net change in deposits 388,012 655,306
Net costs from stock offering and issuance of common shares   (225)
Purchase of common shares held by ESOP   (33,397)
Repurchase of common shares under share repurchase plan (77,125)  
Dividends paid (2,788)  
Net change in mortgagors' escrow accounts (6) 172
Increase (decrease) in FHLB borrowings, net (79,382) (167,003)
NET CASH PROVIDED BY FINANCING ACTIVITIES 228,711 454,853
NET CHANGE IN CASH AND CASH EQUIVALENTS (68,478) 44,458
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 363,855 272,591
CASH AND CASH EQUIVALENTS AT END OF PERIOD 295,377 317,049
Supplemental disclosure of cash paid during the period for:    
Interest 104,974 95,259
Income taxes 5,325 11,902
Supplemental disclosure of non-cash transactions:    
Cumulative effect adjustment of adoption of ASU 2023-02, net of income taxes   10,150
Unrealized gains on available-for-sale securities 5,077 (8,309)
Unrealized gains on cash flow hedges 1,653  
Mortgage loans transferred to loans held for sale 2,967 9,415
Restricted stock awards granted 12  
Initial recognition of operating lease liabilities under ASC 842 1,238 $ 634
Increase in operating lease right of use assets and lease liabilities resulting from lease modifications $ 2,732