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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Operating activities    
Net Income (Loss) $ 36,986 $ 29,830
Adjustments to reconcile net income to net cash provided by operating activities:    
Deferred income taxes, net 225 565
Provision for credit losses 6,800 6,126
Depreciation, amortization and accretion, net 2,824 2,723
Share-based compensation 2,161 1,938
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 60 0
Amortization of tax credit investments 4,104 3,888
Bank-owned life insurance policy income (2,016) (1,231)
Origination of loans for sale (113,272) (103,865)
Sale of loans originated for sale 115,030 101,285
Gain on sale of loans originated for sale (1,742) (1,004)
Net loss on repossessed assets 27 162
Return on investment in limited partnerships 1,334 1,481
Excess tax benefit from share-based compensation 233 172
Net payments on operating lease liabilities (1,184) (1,099)
Net increase (decrease) in accrued interest receivable and other assets 17,263 (10,465)
Net (increase) decrease in accrued interest payable and other liabilities (23,279) 5,003
Net cash provided by operating activities 45,554 35,527
Investing activities    
Proceeds from maturities, redemptions, and paydowns of available-for-sale securities 42,416 60,688
Proceeds from maturities, redemptions, and paydowns of held-to-maturity securities 1,151 1,586
Proceeds from sale of available-for-sale securities 0 7,533
Purchases of available-for-sale securities (102,813) (79,066)
Proceeds from sale of repossessed assets 24 18
Net increase in loans and leases (227,513) (203,422)
Investments in limited partnerships (3,029) (1,200)
Returns of investments in limited partnerships 229 22
Investment in tax credit investments (12,673) (13,417)
Distributions from tax credit investments 26 130
Proceeds from sale of tax credit investments 2,483 1,645
Investment in Federal Home Loan Bank stock (20,634) (20,555)
Proceeds from the sale of Federal Home Loan Bank stock 22,645 19,822
Purchases of leasehold improvements and equipment, net (556) (181)
Proceeds from sale of leasehold improvements and equipment 0 30
Purchases of bank owned life insurance policies (24,500) 0
Proceeds from bank owned life insurance claim 471 0
Net cash used in investing activities (322,273) (226,367)
Financing activities    
Net increase in deposits 225,931 173,168
Repayment of Federal Home Loan Bank advances (1,040,261) (908,205)
Proceeds from Federal Home Loan Bank advances 986,812 921,155
Repayment of subordinated notes and debentures 0 (15,000)
Proceeds from issuance of subordinated notes and debentures 0 20,000
Net increase in long-term borrowed funds 77 243
Cash dividends paid (7,271) (6,242)
Preferred stock dividends paid (656) (656)
Proceeds from issuance of common stock under ESPP 108 96
Purchase of treasury stock (1,374) (1,257)
Net cash provided by financing activities 163,366 183,302
Net decrease in cash and cash equivalents (113,353) (7,538)
Cash and cash equivalents at the beginning of the period 157,702 139,510
Cash and cash equivalents at the end of the period 44,349 131,972
Cash paid during the period for:    
Interest paid on deposits and borrowings 82,646 82,002
Net income taxes paid 1,613 853
Non-cash investing and financing activities:    
Right-of-use assets obtained in exchange for lease liabilities 712 0
Transfer of repossessed assets to loans $ 0 $ 10