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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash Flows from Operating Activities:    
Net income $ 9,440 $ 10,465
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for (reversal of) credit losses on loans 350 (485)
Reversal of credit losses on unfunded loan commitments (174) (318)
Noncash contribution expense to employee stock ownership plan 423 417
Noncash director compensation expense 150 193
Stock-based compensation expense 161 237
Amortization of core deposit intangible 345 380
Amortization of investment security premiums, net of accretion of discounts 1,964 2,497
(Accretion of discounts) amortization of premiums on acquired loans, net (168) 115
Net change in deferred loan origination costs/fees (324) (1,591)
Depreciation and amortization 882 452
Earnings on bank-owned life insurance policies (705) (413)
Net changes in interest receivable and other assets (203) 4,648
Net changes in interest payable and other liabilities 1,303 (5,118)
Total adjustments 4,004 1,014
Net cash provided by operating activities 13,444 11,479
Cash Flows from Investing Activities:    
Purchase of held-to-maturity securities 0 (95,932)
Purchase of available-for-sale securities 0 (243,459)
Proceeds from paydowns/maturities of held-to-maturity securities 13,634 5,067
Proceeds from paydowns/maturities of available-for-sale securities 19,288 42,966
(Increase) decrease in loans receivable, net (19,072) 54,524
Proceeds from bank-owned life insurance policies 0 350
Purchase of premises and equipment (1,438) (130)
Cash paid for low income housing tax credit investment (38) (4)
Net cash provided by (used in) investing activities 12,374 (236,618)
Cash Flows from Financing Activities:    
Net (decrease) increase in deposits (322,774) 52,792
Proceeds from short-term Federal Home Loan Bank borrowings, net 293,400 0
Repayment of finance lease obligations (37) (31)
Proceeds from stock options exercised 230 739
Restricted stock surrendered for tax withholdings upon vesting (65) (29)
Cash dividends paid on common stock (4,012) (3,822)
Stock repurchased, including commissions 0 (1,250)
Proceeds from stock issued under employee and director stock purchase plans 9 0
Net cash (used in) provided by financing activities (33,249) 48,399
Net decrease in cash, cash equivalents and restricted cash (7,431) (176,740)
Cash, cash equivalents and restricted cash at beginning of period 45,424 347,641
Cash, cash equivalents and restricted cash at end of period 37,993 170,901
Supplemental disclosure of cash flow information:    
Cash paid in interest 4,290 588
Cash paid in income taxes 0 0
Supplemental disclosure of noncash investing and financing activities:    
Change in net unrealized gains or losses on available-for-sale securities 16,213 (38,228)
Securities transferred from available-for-sale to held-to-maturity, at fair value 0 357,482
Amortization of net unrealized loss on available-for-sale securities transferred to held-to-maturity 463 144
Bank-owned life insurance benefit receivable 765 0
Stock issued to employee stock ownership plan 423 417
Restricted cash [1] $ 0 $ 930
[1] Restricted cash includes reserve requirements held with the Federal Reserve Bank of San Francisco and other cash pledged. In response to the COVID-19 pandemic, the Federal Reserve reduced the reserve requirement ratios to zero percent effective March 26, 2020.