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CONSOLIDATED STATEMENT OF CASH FLOWS
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2023
USD ($)
Sep. 30, 2024
USD ($)
Sep. 30, 2023
USD ($)
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 7,548 $ 19,835 $ 10,271
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for credit losses   2,587 5,328
Depreciation and amortization   1,381 1,022
Amortization and accretion of loans and other assets   (3,157) (2,392)
Amortization and accretion of investment securities   1,111 1,197
Deferred income taxes   1,296 355
Investment securities (gains) losses, net   (127) 274
Earnings on bank owned life insurance (489) (1,334) (941)
Vesting of restricted stock   208 184
Originations of loans held for sale   (120,486) (53,510)
Proceeds from sales of loans held for sale   117,904 51,428
Realized gains on loans sold (460) (1,648) (674)
Realized gains on sale of Braavo 0 (1,102) 0
Decrease (increase) in accrued interest receivable   240 (769)
Gain on sale of foreclosed assets held for sale   (93) (98)
Increase in accrued interest payable   1,251 609
Other, net   4,833 (1,955)
Net cash provided by operating activities   22,699 10,329
Available-for-sale securities:      
Proceeds from sales 0 0 86,504
Proceeds from maturity and principal repayments   42,699 18,847
Purchase of securities   (36,222) (10,246)
Proceeds from sale of equity securities   335 127
Purchase of interest bearing time deposits with other banks   (100) 0
Proceeds from matured interest bearing time deposits with other banks   350 1,489
Proceeds from life insurance   1,147 1,097
Proceeds from redemption of regulatory stock   23,870 19,936
Purchase of regulatory stock   (19,552) (22,105)
Net increase in loans   (88,325) (42,162)
Purchase of premises and equipment   (852) (2,308)
Investments in low income housing partnerships   0 (616)
Proceeds from sale of foreclosed assets held for sale   567 314
Proceeds from sale of Braavo assets   7,185 0
Acquisition, net of cash paid   0 4,905
Net cash (used in) provided by investing activities   (68,898) 55,782
CASH FLOWS FROM FINANCING ACTIVITIES:      
Net increase (decrease) in deposits   128,669 (42,438)
Proceeds from long-term borrowings   0 20,000
Repayments of long-term borrowings   (10,000) 0
Net decrease in short-term borrowed funds   (81,351) (20,115)
Purchase of treasury and restricted stock   (204) (264)
Sale of treasury stock to employees   0 28
Dividends paid   (6,970) (6,197)
Net cash provided by (used in) financing activities   30,144 (48,986)
Net (decrease) increase in cash and cash equivalents   (16,055) 17,125
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD   52,818 26,211
CASH AND CASH EQUIVALENTS AT END OF PERIOD 43,336 36,763 43,336
Supplemental Disclosures of Cash Flow Information:      
Interest paid   49,690 28,707
Income taxes paid   1,500 4,600
Loans transferred to foreclosed property   2,486 147
Right of use asset and liability   306 5
Stock Dividend   2,047 3,021
CECL adjustment   0 3,300
Non-cash assets acquired      
Goodwill   $ 85,758 [1]  
HV Bancorp, Inc. [Member]      
Non-cash assets acquired      
Available-for-sale securities 79,248   79,248
Interest bearing time deposits with other banks 0   0
Loans held for sale 10,750   10,750
Loans 475,338   475,338
Premises and equipment 2,310   2,310
Accrued interest receivable 2,226   2,226
Bank owned life insurance 10,387   10,387
Intangibles 2,972   2,972
Deferred tax asset 8,392   8,392
Other assets 18,213   18,213
Goodwill 53,382   53,382
Total non-cash assets acquired 663,218   663,218
Liabilities assumed      
Noninterest-bearing deposits 197,549   197,549
Interest-bearing deposits 335,816   335,816
Accrued interest payable 885   885
Borrowed funds 58,647   58,647
Other liabilities 11,674   11,674
Total liabilities assumed 604,571   604,571
Net non-cash assets acquired 58,647   58,647
Cash and cash equivalents acquired $ 18,017   $ 18,017
[1] Excludes fully amortized intangible assets