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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
OPERATING ACTIVITIES:    
Net income $ 14,153 $ 7,595
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 1,170 886
Amortization of premium and accretion of discount on securities, net (49) (24)
Amortization of restricted stock 555 1,631
Amortization of intangible assets 244 272
Write-off of subordinated debt costs 938 259
Amortization of subordinated debt costs 32 64
Provision for credit losses 7,327 4,471
Deferred tax expense 7,608 1,925
Stock-based compensation and employee stock purchase plan expense 56 39
Fair value adjustment for equity security 84 (195)
Loss on securities available for sale 81  
Loans originated for sale [1] (12,596) (7,316)
Proceeds from sales of loans held for sale [1] 9,647 7,589
Gain on loans held for sale [1] (475) (365)
Decrease in cash surrender value of life insurance, net (135) (129)
Increase in accrued interest receivable (1,144) (2,070)
Decrease in other assets 505 1,154
Decrease in accrued expenses and other liabilities (3,406) (23,660)
NET CASH PROVIDED BY/(USED IN) OPERATING ACTIVITIES 24,595 (7,874)
INVESTING ACTIVITIES:    
Principal repayments, maturities and calls of securities available for sale 178,179 166,933
Principal repayments, maturities and calls of securities held to maturity 16,364 1,331
Redemptions of FHLB and FRB stock 29,310 1,412
Proceeds from sales of securities available for sale 97,019  
Purchase of securities available for sale (214,500) (198,965)
Purchase of FHLB and FRB stock (28,875) (1,350)
Net increase in loans, net of participations sold (191,973) (237,973)
Purchase of premises and equipment (1,294) (3,602)
Disposal of premises and equipment 61  
NET CASH USED IN INVESTING ACTIVITIES (115,709) (272,214)
FINANCING ACTIVITIES:    
Net increase in deposits 237,787 157,534
Net decrease in short-term borrowings (9,437)  
Dividends paid on common stock (879) (880)
Restricted stock repurchased on vesting to pay taxes (1,074) (1,241)
Repayment of subordinated debt (100,000) (35,000)
Proceeds from issuance of Preferred Stock 30,000  
Issuance of shares for employee stock purchase plan 311 225
NET CASH PROVIDED BY FINANCING ACTIVITIES 156,708 120,638
Net increase/(decrease) in cash and cash equivalents 65,594 (159,450)
Cash and cash equivalents at beginning of period 187,820 391,367
Cash and cash equivalents at end of period 253,414 231,917
Cash paid during the period for:    
Interest 35,409 40,543
Income tax, net $ 2,138 698
Right-of-use asset obtained in exchange for operating lease liabilities   $ 365
[1] Includes mortgage loans originated with the intent to sell, which are carried at fair value. In addition, this includes the guaranteed portion of Small Business Administration (“SBA”) loans, which are carried at the lower of cost or fair value.