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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)
$ in Thousands
6 Months Ended
Jun. 30, 2026
USD ($)
Jun. 30, 2025
USD ($)
Cash flows from operating activities:    
Net income $ 28,581 $ 25,424
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 5,600 1,800
Net gain on sale of bank-owned property 0 (6,994)
Depreciation of premises and equipment 1,622 1,770
Net amortization of premiums and discounts on securities and loans 243 364
Amortization of intangibles 311 407
Amortization of terminated cash flow hedge loss 2,845 4,255
Pension plan settlement charge 0 6,436
Share-based compensation 1,498 1,653
Tax benefit (expense) from stock option exercises and other equity awards (12) (174)
Income from bank-owned life insurance (1,789) [1] (1,595) [1]
Net gains on loan sales, including changes in fair value (5,494) (4,187)
Proceeds from sales of loans, net 244,765 189,449
Loans originated for sale (237,754) (199,134)
(Increase) decrease in operating lease right-of-use assets 1,742 1,783
Increase (decrease) in operating lease liabilities (1,657) (1,697)
(Increase) decrease in other assets 2,936 8,949
Increase (decrease) in other liabilities (4,195) (8,717)
Net cash provided by (used in) operating activities 39,242 19,792
Cash flows from investing activities:    
Purchases of mortgage-backed securities available for sale 0 (73,303)
Maturities, calls and principal payments of mortgage-backed securities available for sale 50,734 34,271
Maturities, calls and principal payments of other debt securities available for sale 2,000 3,250
Net redemption (purchases) of Federal Home Loan Bank stock 5,664 4,544
Net (increase) decrease in loans 32,697 (6,367)
Net proceeds from sale of portfolio loans 0 283,182
Purchases of loans (501) (453)
Purchases of premises and equipment (2,391) (489)
Net proceeds from the sale of bank-owned property 0 11,780
Purchases of bank-owned life insurance 0 (5,000)
Equity investments in real estate limited partnership (494) (74)
Purchases of other equity investments, net (125) (375)
Net cash provided by (used in) investing activities 87,584 250,966
Cash flows from financing activities:    
Net increase (decrease) in deposits 88,883 (70,552)
Proceeds from Federal Home Loan Bank advances 1,015,000 1,022,000
Repayments of Federal Home Loan Bank advances (1,185,000) (1,146,000)
Purchases of treasury stock 0 (296)
Net proceeds from stock option exercises and issuance of other equity awards, net of awards surrendered (417) (294)
Cash dividends paid (21,631) (21,781)
Net cash provided by (used in) financing activities (103,165) (216,923)
Net increase (decrease) in cash and cash equivalents 23,661 53,835
Cash and cash equivalents at beginning of period 103,734 113,889
Cash and cash equivalents at end of period 127,395 167,724
Noncash Activities:    
Loans charged off 162 3,189
Commitment for equity investment in real estate limited partnerships 14,098 0
Supplemental Disclosures:    
Interest payments 69,108 92,695
Income taxes paid 5,515 $ 23
Total loans 5,103,069 [2]  
Asset Pledged as Collateral    
Supplemental Disclosures:    
Total loans $ 2,800,000  
[1] As reported in the Unaudited Consolidated Statements of Income.
[2] Includes net unamortized loan origination costs of $11.3 million and $11.0 million, respectively, at June 30, 2026 and December 31, 2025 and net unamortized premiums on loans purchased from and serviced by other financial institutions of $185 thousand and $198 thousand, respectively, at June 30, 2026 and December 31, 2025.