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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 $ 19,418 $ 10,475
Adjustments to reconcile net income to net cash provided by operating activities:    
Net accretion of acquisition accounting estimates (7,618) (847)
Provision for credit losses 2,488 1,880
Depreciation and amortization 8,217 2,744
Net amortization of securities (643) 660
Amortization of debt issuance costs 60 61
Gain on mortgage banking activities (2,446) (1,518)
Proceeds from sale of mortgage loans held for sale 64,563 47,815
Originations of loans held for sale (81,712) (49,191)
Stock-based compensation expense 764 325
Deferred income tax expense (benefit) 4,916 (743)
Loss on sales of repossessed assets 45 0
Loss on valuation adjustments on mortgage servicing rights 129 40
Valuation adjustments on premises transferred to held for sale 2 271
Gain on sales and valuation adjustments on other real estate owned 0 (3)
Fair value adjustments on loans held for investments, at fair value 318 (48)
Fair value adjustment on equity securities 84 3
Bank owned life insurance income (1,344) (758)
Net changes in:    
Accrued interest receivable (424) 731
Other assets 1,241 (2,510)
Accrued interest payable (630) 1,721
Other liabilities (2,010) (458)
Net cash provided by operating activities 5,418 10,650
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from maturities and principal payments of investment securities available for sale 60,673 6,019
Proceeds from maturities and principal payments of investment securities held to maturity 19,291 21,795
Proceeds from life insurance death benefits 150 0
Purchases of investment securities available for sale (81,904) 0
Purchases of investment securities available for sale (5,800) 0
Purchases of equity securities (80) (15)
Purchase of restricted securities (22,186) (23,979)
Net change in loans (59,472) (196,213)
Purchases of premises and equipment (3,359) (1,768)
Proceeds from sales of other real estate owned 0 21
Proceeds from sales of repossessed assets 240 0
Redemption of restricted securities 18,361 13,940
Purchases of bank owned life insurance (71) (174)
Proceeds from disposal of premises held for sale 0 721
Net cash (used in) investing activities (74,157) (179,653)
Net changes in:    
Noninterest-bearing deposits 329,215 (83,052)
Interest-bearing deposits (567,238) 10,970
Short-term borrowings 31,000 236,000
Long-term borrowings 50,000 0
Common stock dividends paid (7,992) (4,776)
Issuance of common stock 224 189
Net cash (used in) provided by financing activities (164,791) 159,331
Net decrease in cash and cash equivalents (233,530) (9,672)
Cash and cash equivalents at beginning of period 372,413 55,499
Cash and cash equivalents at end of period 138,883 45,827
Supplemental cash flows information:    
Interest paid 60,289 21,836
Income taxes paid 0 6,372
Recognition (remeasurement of) lease liabilities arising from right-of-use assets 76 (5)
Transfers from loans to repossessed properties 1,845 0
Unrealized (losses) gains on securities available for sale (1,054) 634
Transfer of premises to held for sale (included in other assets) $ 1,387 $ 750