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CONSOLIDATED STATEMENTS OF CASH FLOWS
$ in Thousands
 6 Months Ended
Jun. 30, 2025
USD ($)
Jun. 30, 2024
USD ($)
Cash flows from operating activities:    
Net income $ 31,965 $ 6,748
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation of premises and equipment 1,610 1,475
Amortization of right-of-use lease asset 437 282
(Accretion) amortization of deferred loan fees, net (307) 376
Amortization of debt issuance costs 31  
Amortization of CDI and other intangibles 3,419  
Amortization expense related to acquired borrowings 230  
Accretion income related to acquired loans (8,463)  
Amortization expense related to acquired deposits 528  
Amortization of low income housing partnerships 868 251
(Credit to) provision for credit losses (39) 1,304
Net unrealized (gain) loss on equity investment securities (64) 20
Net gain on sale of other real estate owned 5  
Loans originated for sale (2,050) (1,159)
Proceeds from sale of loans originated for sale 1,504 1,406
Net (gain) loss on sale of loans originated for sale (1) 3
Net (accretion) amortization of investment securities (1,936) 425
Gain on sale of premises and equipment (680) (4)
Increase in cash surrender value of life insurance (1,061) (565)
Gain from bank owned life insurance settlement (118)  
Deferred income tax expense (benefit) 2,449 (431)
Stock compensation, including tax effects and expenses (207) 348
Net change in:    
Accrued interest receivable (222) (592)
Other assets 2,170 (6,565)
Accrued interest payable (863) (258)
Other liabilities (6,241) 1,901
Net cash provided by operating activities 22,964 4,965
Proceeds from repayments of investment securities:    
Available for sale 58,794 10,887
Held to maturity 2,997 3,206
Purchases of investment securities:    
Available for sale (28,229)  
Net purchase of restricted equity securities (1,491) (2,556)
Proceeds from sale of other real estate owned 22  
Net decrease (increase) in loans 3,903 (20,136)
Purchases of premises and equipment (5,890) (614)
Proceeds from the sale of premises and equipment 3,696 44
Proceeds from bank owned life insurance 968  
Net cash provided by (used in) investing activities 34,770 (9,169)
Cash flows from financing activities:    
Net decrease in deposits (120,731) (214,078)
Proceeds from long-term debt 15,284  
Repayment of long-term borrowings (10,653)  
Net advances in short-term borrowings 60,440 86,660
Proceeds from the issuance of subordinated debt, net of issuance costs 83,133  
Repayment of subordinated debt (33,000)  
Cash dividends paid (12,319) (5,787)
Net cash used in financing activities (17,846) (133,205)
Net increase (decrease) in cash and cash equivalents 39,888 (137,409)
Cash and cash equivalents at beginning of period 135,851 187,365
Cash and cash equivalents at end of period 175,739 49,956
Supplemental disclosures:    
Interest 46,879 39,397
Income taxes 3,683 504
Noncash items:    
U.S. Treasury bond matured - receivable   5,000
Transfers of fixed assets to other real estate   1,556
Transfers of loans to other real estate   $ 27
Origination of mortgage servicing rights 19  
Initial recognition of right-of-use assets 2,786  
Initial recognition of lease liability $ 2,786