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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 8,293 $ 3,676
Adjustments to reconcile net income to net cash provided by operating activities:    
Net (decrease) increase in deferred loan fees 25 (378)
Depreciation 805 381
Accretion of discounts on investments (444) (443)
Amortization of premiums on investments 1,046 1,266
Amortization of debt issuance costs 36 36
Accretion of premiums and discounts on acquired loans, net (3,370) (41)
Amortization of fair value marks on liabilities assumed 1,287 0
Stock-based compensation 291 181
(Credit) provision for credit losses (41) 575
Net realized losses on sales and calls of available-for-sale investment securities 0 373
Net loss on disposal of premises and equipment 36 0
Net change in equity securities (98) 70
Appreciation in cash surrender value of bank owned life insurance (366) (275)
Net increase in accrued interest receivable and other assets (565) (2,900)
Net increase in accrued interest payable and other liabilities 2,958 670
Provision for deferred income taxes 1,174 832
Net cash provided by operating activities 11,067 4,023
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from sales or calls of available-for-sale investment securities 0 5,700
Proceeds from maturity and principal repayments of available-for-sale investment securities 9,659 18,731
Proceeds from maturity and principal repayments of held-to-maturity investment securities 555 268
Net (increase) decrease in loans (9,210) 3,661
Purchases of premises and equipment (317) (441)
Proceeds from sale of premises and equipment 117 0
Net cash provided by investing activities 804 27,919
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase (decrease) in demand, interest bearing and savings deposits 7,725 (22,424)
Net increase in time deposits 9,825 12,062
Proceeds from short-term borrowings from Federal Home Loan Bank 178,000 331,000
Repayments of short-term borrowings to Federal Home Loan Bank (178,000) (344,000)
Repurchase and retirement of common stock (80) 0
Proceeds from stock issued under employee stock purchase plan 123 70
Proceeds from exercise of stock options 808 0
Cash dividend payments on common stock (2,278) (1,419)
Net cash used in by financing activities 16,123 (24,711)
Increase in cash and cash equivalents 27,994 7,231
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 120,398 53,728
CASH AND CASH EQUIVALENTS AT END OF PERIOD 148,392 60,959
Cash paid during the period for:    
Interest 13,100 5,788
Income taxes 0 0
Operating cash flows from operating leases 820 577
Non-cash investing and financing activities:    
Unrealized gain on securities available for sale $ 2,755 $ 2,459