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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating Activities    
Net Income $ 13,272 $ 12,727
Adjustments to reconcile net income to net cash provided by operating activities:    
Originations of mortgage loans held for sale (40,732) (34,397)
Proceeds from the sale of mortgage loans 41,913 35,501
Gain on sale of mortgage loans, net of origination costs (470) (384)
(Credit) provision for credit losses (2,102) 2,002
Depreciation and amortization expense 815 815
Investment securities amortization and accretion, net 442 605
Stock-based compensation expense 782 459
Amortization of core deposit intangible assets 139 148
Purchase accounting accretion, net (26) (34)
Increase (Decrease) In Derivative Collateral Received From Counterparties 6,460 (1,370)
Decrease (increase) in other assets 1,429 (189)
Decrease in other liabilities (4,163) (1,367)
Net cash provided by operating activities 17,759 14,516
Investing Activities    
Proceeds from sales of available-for-sale debt securities 0 18,888
Proceeds from maturities of available-for-sale debt securities 17,392 0
Proceeds from maturities and recoveries of held-to-maturity securities 6,860 6,216
Net increase in loans (27,493) (62,948)
Purchase of Federal Home Loan Bank stock (4,639) (13,591)
Proceeds from sale of Federal Home Loan Bank stock 3,641 6,890
Purchase of premises and equipment 545 495
Net cash used in investing activities (4,784) (45,040)
Financing Activities    
Net decrease in deposits (45,836) (184,195)
Net proceeds from borrowings less than 90 days 25,892 221,142
Proceeds from the Bank Term Funding Program 90,000 0
Issuance of restricted stock, net of repurchase for tax withholdings 65 62
Cash dividends paid on common stock 6,137 6,135
Finance lease payments (44) (36)
Net cash provided by financing activities 63,940 30,838
Net increase in cash, cash equivalents and restricted cash 76,915 314
Cash, cash equivalents, and restricted cash at beginning of period 99,804 75,427
Cash, cash equivalents and restricted cash at end of period 176,719 75,741
Supplemental information    
Interest paid 28,528 17,840
Income taxes paid 103 146
Cash dividends declared, not paid 6,136 6,135
Change in fair value hedges presented within residential real estate loans and other assets $ 4,416 $ 0