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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating activities    
Net income $ 8,848 $ 8,979
Adjustments to reconcile net income to net cash provided by operating activities:    
Deferred income taxes, net 2,268 312
Provision for credit losses 2,326 1,561
Depreciation, amortization and accretion, net 791 912
Share-based compensation 665 634
Net loss on disposal of fixed assets 10 0
Gain on disposal of lease equipment 0 1
Net loss on sale of securities (8) 0
Amortization of tax credit investments 1,296 436
Bank-owned life insurance policy income (412) (366)
Originations of loans for sale (37,213) (27,639)
Sale of loans originated for sale 37,142 28,049
Gain on sale of loans originated for sale (195) (476)
Net loss on repossessed assets 86 6
Return on investment in limited partnerships 644 1,690
Excess tax benefit expense from share-based compensation 90 137
Payments on operating lease liabilities (385) (355)
Net increase in accrued interest receivable and other assets 977 (5,738)
Net (decrease) increase in accrued interest payable and other liabilities (8,263) 1,766
Net cash provided by operating activities 8,683 9,909
Investing activities    
Proceeds from maturities, redemptions, and paydowns of available-for-sale securities 11,814 4,574
Proceeds from maturities, redemptions, and paydowns of held-to-maturity securities 369 1,169
Proceeds from sale of available-for-sale securities 7,533 0
Purchases of available-for-sale securities (39,332) (25,924)
Net increase in loans and leases (61,454) (96,356)
Investments in limited partnerships (600) (650)
Returns of investments in limited partnerships 0 4
Investment in tax credit investments (195) (3,090)
Distribution from tax credit investments 57 0
Proceeds from Sale of Tax Credit 731 0
Investment in Federal Home Loan Bank stock (1,284) (11,644)
Proceeds from the sale of Federal Home Loan Bank stock 0 16,369
Purchases of leasehold improvements and equipment, net (397) (798)
Proceeds from sale of leasehold improvements and equipment 30 0
Net cash used in investing activities (82,728) (116,346)
Financing activities    
Net (decrease) increase in deposits (41,373) 308,635
Repayment of Federal Home Loan Bank advances (95,450) (810,350)
Proceeds from Federal Home Loan Bank advances 146,200 701,470
Net increase (decrease) in long-term borrowed funds 52 (6,069)
Cash dividends paid (2,087) (1,906)
Preferred stock dividend (219) (219)
Proceeds from issuance of common stock under ESPP 31 27
Purchase of treasury stock (579) (1,860)
Net cash provided by financing activities 6,575 189,728
Net (decrease) increase in cash and cash equivalents (67,470) 83,291
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 72,040 185,973
Cash paid during the period for:    
Interest paid on deposits and borrowings 26,323 13,010
Income taxes paid 7 (7)
Transfer of loans to repossessed assets $ 157 $ 0