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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 $ 20,509 $ 9,903
Adjustments to reconcile net income to cash provided by operating activities:    
Provision for credit losses 2,300 325
Depreciation and other amortization 3,319 3,623
Accretion and amortization of securities discounts and premium, net 336 437
Net change in operating leases 69 114
Stock-based compensation expense 1,681 1,699
Gain on sale of loans held for sale (4,552) (4,354)
Loans originated and held for sale (154,847) (148,745)
Proceeds from sale of loans held for sale 157,058 151,691
Increase in cash surrender value of bank owned life insurance (1,254) (1,162)
Decrease in other assets 2,755 426
Increase in other liabilities 5,169 13,408
Net cash provided by operating activities 32,543 27,365
Investing activities    
Increase in loans, net (157,544) (18,195)
Purchase of property and equipment (309) (567)
Purchase of investment securities:    
Available for sale (3,220) (20,513)
Other investments (576) (4,301)
Payments and maturities, calls and repayments of investment securities:    
Available for sale 7,826 23,065
Other investments 4,600
Net cash used for investing activities (153,823) (15,911)
Financing activities    
Increase in deposits, net 240,652 139,261
Decrease in Federal Home Loan Bank advances and other borrowings, net (35,000)
Decrease in subordinated debentures (11,500)
Proceeds from the exercise of stock options 1,097 190
Restricted shares withheld for taxes (429)  
Net cash provided by financing activities 241,320 92,951
Net increase in cash and cash equivalents 120,040 104,405
Cash and cash equivalents at beginning of the period 162,863 156,170
Cash and cash equivalents at end of the period 282,903 260,575
Supplemental information    
Interest 79,536 87,129
Income taxes 7,255 2,235
Schedule of non-cash transactions    
Unrealized gain on securities, net of income taxes 3,046 2,279
Foreclosure of other real estate $ 275