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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
OPERATING ACTIVITIES:    
Net income $ 30,125 $ 15,536
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 2,346 1,921
Amortization of premium and accretion of discount on securities, net (36) (59)
Amortization of restricted stock 2,041 2,846
Amortization of intangible assets 487 543
Write-off of subordinated debt costs 938  
Amortization of subordinated debt costs 32 372
Provision for credit losses 15,415 11,057
Deferred tax expense (3,211) (2,691)
Stock-based compensation and employee stock purchase plan expense 110 95
Fair value adjustment for equity security 139 (237)
Loss/(gain) on securities available for sale 81 (7)
Loans originated for sale [1] (15,748) (13,423)
Proceeds from sales of loans held for sale [1] 18,238 17,435
Gain on loans held for sale [1] (981) (913)
Loss on disposal of fixed assets   6
Increase in cash surrender value of life insurance, net (310) (258)
Increase in accrued interest receivable (2,089) (3,311)
Decrease in other assets 13,654 3,117
Increase/(decrease) in accrued expenses and other liabilities 14,587 (23,959)
NET CASH PROVIDED BY OPERATING ACTIVITIES 75,818 8,070
INVESTING ACTIVITIES:    
Principal repayments, maturities and calls of securities available for sale 353,067 348,176
Principal repayments, maturities and calls of securities held to maturity 17,265 2,971
Redemptions of FHLB and FRB stock 36,139 22,212
Proceeds from sales of securities available for sale 97,019 53,182
Purchase of securities available for sale (433,032) (364,303)
Purchase of FHLB and FRB stock (34,465) (21,306)
Net increase in loans, net of participations sold (439,710) (308,990)
Purchase of premises and equipment (3,926) (9,610)
Disposal of premises and equipment 79 16
NET CASH USED IN INVESTING ACTIVITIES (407,564) (277,652)
FINANCING ACTIVITIES:    
Net increase in deposits 468,620 234,101
Net increase in short-term borrowings 1,587  
Dividends paid on preferred stock (195)  
Dividends paid on common stock (1,765) (1,767)
Restricted stock repurchased on vesting to pay taxes (1,085) (1,249)
Repayment of subordinated debt (100,000) (35,000)
Proceeds from issuance of preferred stock 30,000  
Issuance of shares for employee stock purchase plan 658 510
Shares repurchased   (2,778)
NET CASH PROVIDED BY FINANCING ACTIVITIES 397,820 193,817
Net increase/(decrease) in cash and cash equivalents 66,074 (75,765)
Cash and cash equivalents at beginning of period 187,820 391,367
Cash and cash equivalents at end of period 253,894 315,602
Cash paid during the period for:    
Interest 71,946 83,295
Income tax, net 2,138 8,412
Transfer of loans to other real estate owned 908  
Right-of-use asset obtained in exchange for operating lease liabilities $ 1,304 $ 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.