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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating activities    
Net Income (Loss) $ 11,171 $ 8,848
Adjustments to reconcile net income to net cash provided by operating activities:    
Deferred income taxes, net 153 2,268
Provision for credit losses 2,659 2,326
Depreciation, amortization and accretion, net 871 791
Share-based compensation 651 665
Net loss on disposal of fixed assets 0 10
Net loss on sale of securities 0 8
Net loss on sale of tax credit investments 110 0
Amortization of tax credit investments 1,592 1,296
Bank-owned life insurance policy income (437) (412)
Origination of loans for sale (51,542) (37,213)
Sale of loans originated for sale 55,479 37,142
Gain on sale of loans originated for sale (963) (195)
Net (gain) loss on repossessed assets (8) 86
Return on investment in limited partnerships 0 644
Excess tax benefit from share-based compensation 379 90
Net payments on operating lease liabilities (398) (385)
Net (decrease) increase in accrued interest receivable and other assets (6,098) 977
Net decrease in accrued interest payable and other liabilities (2,318) (8,263)
Net cash provided by operating activities 11,301 8,683
Investing activities    
Proceeds from maturities, redemptions, and paydowns of available-for-sale securities 11,433 11,814
Proceeds from maturities, redemptions, and paydowns of held-to-maturity securities 148 369
Proceeds from sale of available-for-sale securities 0 7,533
Purchases of available-for-sale securities (24,789) (39,332)
Proceeds from sale of repossessed assets 23 0
Net increase in loans and leases (74,683) (61,454)
Investments in limited partnerships (1,212) (600)
Returns of investments in limited partnerships 14 0
Investment in tax credit investments (9,783) (195)
Distributions from tax credit investments 0 57
Proceeds from sale of tax credit investments 319 731
Investment in Federal Home Loan Bank stock (9,782) (1,284)
Proceeds from the sale of Federal Home Loan Bank stock 10,964 0
Purchases of leasehold improvements and equipment, net (80) (397)
Proceeds from sale of leasehold improvements and equipment 0 30
Net cash used in investing activities (97,428) (82,728)
Financing activities    
Net increase (decrease) in deposits 135,903 (41,373)
Repayment of Federal Home Loan Bank advances (578,724) (95,450)
Proceeds from Federal Home Loan Bank advances 545,238 146,200
Repayment of subordinated notes and debentures 0 0
Proceeds from issuance of subordinated notes and debentures 0 0
Net increase in long-term borrowed funds 27 52
Cash dividends paid (2,442) (2,087)
Preferred stock dividends paid (219) (219)
Proceeds from issuance of common stock under ESPP 36 31
Purchase of treasury stock (777) (579)
Net cash provided by financing activities 99,042 6,575
Net increase (decrease) in cash and cash equivalents 12,915 (67,470)
Cash and cash equivalents at the beginning of the period 157,702 139,510
Cash and cash equivalents at the end of the period 170,617 72,040
Cash paid during the period for:    
Interest paid on deposits and borrowings 26,432 26,323
Net income taxes (received) paid (20) 7
Non-cash investing and financing activities:    
Transfer of repossessed assets to loans $ 0 $ 157