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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Operating Activities:    
Net Income $ 18,504 $ 23,904
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 2,570 667
Depreciation 2,305 2,433
Amortization of intangibles 1,172 853
Net amortization of security discounts/premiums 132 201
Noncash operating lease expense 1,335 1,028
Amortization of finance lease right of use asset 90 89
Loss on sales of investment securities 243 0
Earnings on cash surrender value of life insurance (765) (585)
Mortgage loans originated for sale (31,868) (50,023)
Proceeds from sales of mortgage loans originated for sale 34,098 46,510
Gain on sale of mortgage loans (1,267) (1,052)
SBA loans originated for sale (1,783) (2,437)
Proceeds from sales of SBA loans originated for sale 1,903 2,618
Gain on sale of SBA loans (120) (181)
Gain on sale of property, plant, and equipment (10) (43)
(Gain)/loss on sale or write-down of foreclosed assets (28) 42
Discount on subordinated debt (307) (307)
Stock compensation expense 544 590
Change in deferred income taxes 1,451 (178)
Decrease/(Increase) in accrued interest receivable 571 (1,561)
Decrease/(Increase) in other assets 4,586 (2,263)
(Decrease)/Increase in accrued interest payable (92) 3,882
Increase/(Decrease) in operating lease liability 4,928 (941)
Increase in other liabilities 2,310 7,196
Net Cash Provided By Operating Activities 40,502 30,442
Investing Activities:    
Proceeds from the maturity or call of available-for-sale securities 19,430 13,164
Purchases of available-for-sale securities (155,899) 0
Proceeds from the maturity or call of held-to-maturity securities 18,295 5,642
Stock dividends received on FHLB and other bank stock 218 682
Reduction of restricted investment in bank stock 133 2,156
Net cash received from acquisitions 218,112 0
Net decrease/(increase) in loans 5,158 (111,525)
Purchases of bank premises and equipment (4,483) (646)
Proceeds from the sale of premises and equipment 120 821
Proceeds from the sale of foreclosed assets 72 0
Proceeds from bank-owned life insurance 444 1,784
Net change in investments in tax credits and other partnerships 1,202 (976)
Net Cash Provided by (Used in) Investing Activities 102,802 (88,898)
Financing Activities:    
Net increase in deposits 139,977 150,799
Common stock dividends paid (8,527) (6,630)
Proceeds from Employee and Director Stock Purchase Plan stock issuance 308 281
Treasury stock purchased (1,778) (323)
Net change in finance lease liability (72) (63)
Net change in short-term borrowings (2,000) (41,532)
Long-term debt repayment (157) (35,113)
Subordinated debt redemption (8,131) 0
Cash paid in lieu of fractional shares (7) 0
Exercise of stock options 3,364 0
Net Cash Provided by Financing Activities 122,977 67,419
Net increase in cash and cash equivalents 266,281 8,963
Cash and cash equivalents, beginning of period 70,564 96,763
Cash and cash equivalents, end of period 336,845 105,726
Supplemental Disclosures of Cash Flow Information:    
Cash paid for interest 61,112 60,326
Cash paid for income taxes 399 0
Supplemental Noncash Disclosures:    
Recognition of operating lease right of use assets 2,322 0
Recognition of operating lease liabilities 2,322 0
Loans transferred to foreclosed assets held for sale 9,816 164
Fair value of assets acquired in business combinations, excluding cash [1] 688,669 0
Goodwill recorded [1] 7,313 0
Fair value of liabilities assumed in business combination [1] $ 630,181 $ 0
Stock issued in business combination (in shares) [2] 103,213,000 0
[1] Includes the impact of the William Penn acquisition on April 30, 2025 and the Charis Insurance Group acquisition on May 12, 2025. See "Note 2 - Business Combinations" to the Consolidated Financial Statements for more information.
[2] Includes the impact of the William Penn acquisition on April 30, 2025.