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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash flows from operating activities:    
Net income $ 54,887 $ 41,165
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 5,699 5,719
Net (accretion) amortization of (discounts) premiums on securities (4,109) 2,014
Provision (benefit) for credit losses 8,222 (311)
Share-based compensation 2,216 1,809
Deferred income tax expense 5,776 1,094
Proceeds from sale of loans held for sale 33,488 34,491
Originations of loans held for sale (32,918) (35,184)
Income on company owned life insurance (8,591) (4,062)
Net gain on sale of loans held for sale (542) (432)
Net gain on sale or call of investment securities (706) 0
Net gain on sale of assets of subsidiary 0 (13,658)
Net loss on sale and disposal of other assets 281 25
Decrease in other assets 15,800 31,113
Decrease in other liabilities (82,105) (13,672)
Net cash (used in) provided by operating activities (2,602) 50,111
Cash flows from investing activities:    
Purchases of available for sale securities (137,957) (131,401)
Purchases of held to maturity securities (2,359) (1,059)
Proceeds from principal payments, maturities and calls on available for sale securities 58,971 155,734
Proceeds from principal payments, maturities and calls on held to maturity securities 30,692 27,772
Proceeds from sales of available for sale securities 94,142 0
Proceeds from sales of securities-held to maturity 0 0
Net increase in loans (119,699) 53,242
Purchase of company owned life insurance, net of benefits received (72,086) 1
Proceeds received from surrender of company owned life insurance 73,958 0
Proceeds from sale of assets of subsidiary 0 27,000
Purchases of premises and equipment (3,427) (4,571)
Net cash (used in) provided by investing activities (77,765) 126,718
Cash flows from financing activities:    
Net increase in deposits 253,078 93,689
More than three months - repayments 0 (63,000)
Three months or less, net (44,000) (67,000)
Repayment of long-term borrowings (10,000) 0
Purchases of common stock for treasury (515) (422)
Cash dividends paid to common and preferred shareholders (19,572) (14,969)
Net cash provided by (used in) financing activities 178,991 (51,702)
Net increase in cash and cash equivalents 98,624 125,127
Cash and cash equivalents, beginning of period 87,321 124,442
Cash and cash equivalents, end of period $ 185,945 $ 249,569