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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net income $ 21,413 $ 25,890
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 2,900 2,150
Depreciation and amortization 938 824
Amortization of deferred loan fees and costs 9 270
Amortization of premiums and discounts on securities 478 612
Amortization of subordinated note issuance costs 73 71
Stock compensation expense 593 478
Earnings on BOLI (300) (228)
Deferred tax provision 15 70
Loans originated for sale (17,414) (32,126)
Gain on sale of loans (818) (1,239)
Gross proceeds from sale of loans 12,909 24,806
Gain on partial sale of equity investment (300) (1,274)
Net changes in:    
Interest receivable and other assets 4,067 (3,478)
Interest payable and other liabilities (7,808) 9,277
Operating lease liability (484) (482)
Net cash provided by operating activities 16,271 25,621
Cash flows from investing activities:    
Maturities, prepayments, and calls of securities available-for-sale 3,844 5,512
Capital call for equity investment (1,269) 0
Proceeds received from equity investment 300 0
Low income housing tax credits (1,160) 0
Net change in time deposits in banks 1,761 2,506
Loan originations, net of repayments (174,992) (128,757)
Purchase of premises and equipment (312) (335)
Purchase of FHLB stock 0 (4,110)
Purchase of BOLI (1,550) (2,000)
Net cash used in investing activities (173,378) (127,184)
Cash flows from financing activities:    
Net change in deposits 122,735 147,735
Proceeds from issuance of stock, net of issuance costs 80,870 0
Payments on other borrowings (170,000) 0
Cash dividends paid (7,715) (6,040)
Net cash provided by financing activities 25,890 141,695
Net change in cash and cash equivalents (131,217) 40,132
Cash and cash equivalents at beginning of period 321,576 259,991
Cash and cash equivalents at end of period 190,359 300,123
Supplemental disclosure of cash flow information:    
Interest paid 41,904 2,716
Income taxes paid 9,391 686
Supplemental disclosure of noncash items:    
Transfer from loans held for sale to loans held for investment 11,464 9,416
Unrealized (loss) gain on securities (660) 679
Operating lease liabilities exchanged for ROUA 1,958 1,513
ROUA acquired $ (1,958) $ (1,534)