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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 16,125 $ (2,614)
Adjustments to reconcile net income to net cash provided by operating activities:    
Net decrease (increase) in deferred loan costs 316 (299)
Depreciation 1,610 937
Accretion of discounts on investments (880) (942)
Amortization of premiums on investments 2,283 2,081
Amortization of debt issuance costs 73 73
Accretion of premiums and discounts on acquired loans, net (6,297) (3,298)
Amortization of core deposit intangibles 501 250
Amortization of fair value marks on liabilities assumed 2,184 2,237
Stock-based compensation 600 368
Provision for credit losses 2,572 10,407
Net realized losses on sales and calls of available-for-sale investment securities 15 2,346
Net loss on disposal of premises and equipment 40 14
Net change in equity securities (119) 98
Increase in bank-owned life insurance, net of expenses (738) (623)
Net decrease in accrued interest receivable and other assets 1,665 2,256
Net increase (decrease) in accrued interest payable and other liabilities 814 (1,284)
Net change for deferred income taxes 1,832 (2,762)
Net cash provided by operating activities 22,596 9,245
CASH FLOWS FROM INVESTING ACTIVITIES:    
Net cash and cash equivalents acquired in acquisition 0 58,523
Purchases of available-for-sale investment securities (5,737) 0
Proceeds from sales or calls of available-for-sale investment securities 275 38,289
Proceeds from calls of held-to-maturity investment securities 9,956 0
Proceeds from maturity and principal repayments of available-for-sale investment securities 15,761 29,144
Proceeds from maturity and principal repayments of held-to-maturity investment securities 717 875
Net increase in loans (59,241) (41,829)
Purchases of premises and equipment (1,272) (880)
FHLB stock purchased 0 (350)
Proceeds from sale of premises and equipment 117 0
Net cash (used in) provided by investing activities (39,424) 83,772
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase (decrease) in demand, interest bearing and savings deposits 48,593 (38,089)
Net increase in time deposits 34,925 20,441
Proceeds from short-term borrowings from Federal Home Loan Bank 451,000 714,500
Repayments of short-term borrowings to Federal Home Loan Bank (500,000) (729,500)
Repayments of borrowings from FRB Bank Term Funding Program 0 (935)
Repurchase and retirement of common stock (151) (19)
Proceeds from stock issued under employee stock purchase plan 183 147
Proceeds from exercise of stock options 820 63
Cash dividend payments on common stock (4,567) (3,684)
Net cash provided by (used in) financing activities 30,803 (37,076)
Increase in cash and cash equivalents 13,975 55,941
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 120,398 53,728
CASH AND CASH EQUIVALENTS AT END OF PERIOD 134,373 109,669
Cash paid during the period for:    
Interest 26,117 18,366
Income taxes 2,806 2,380
Operating cash flows from operating leases 1,646 1,157
Non-cash investing and financing activities:    
Unrealized gain on securities available for sale $ 4,896 $ 6,248