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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 64,443,000 $ 66,555,000 $ 47,700,000
Adjustments to reconcile net income to net cash provided by operating activities:      
Amortization of premiums and accretion of discounts on securities (4,822,000) (953,000) 3,649,000
Gain on sale of SBA loans (482,000) (491,000) (1,718,000)
Proceeds from sale of SBA loans originated for sale 8,035,000 7,689,000 18,324,000
SBA loans originated for sale (7,302,000) (7,767,000) (17,274,000)
Provision for credit losses on loans 749,000 766,000 (3,134,000)
Increase in cash surrender value of life insurance (2,031,000) (1,925,000) (1,838,000)
Depreciation and amortization 1,115,000 1,121,000 1,072,000
Amortization of other intangible assets 2,406,000 2,635,000 2,996,000
Stock option expense, net 600,000 595,000 579,000
RSUs and PRSUs expense 392,000    
Amortization of restricted stock awards, net 1,404,000 2,583,000 1,940,000
Amortization of subordinated debt issuance costs 152,000 172,000 185,000
Gain on proceeds from company-owned life insurance (125,000) (27,000) (675,000)
Effect of changes in:      
Accrued interest receivable and other assets 2,411,000 978,000 6,127,000
Accrued interest payable and other liabilities 6,065,000 (2,078,000) (1,084,000)
Net cash provided by operating activities 73,010,000 69,853,000 56,849,000
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchase of securities available-for-sale   (425,721,000)  
Purchase of securities held-to-maturity   (146,548,000) (474,017,000)
Maturities/paydowns/calls of securities available-for-sale 59,014,000 21,881,000 129,191,000
Maturities/paydowns/calls of securities held-to-maturity 63,376,000 88,394,000 110,823,000
Purchase of mortgage loans   (185,426,000) (405,752,000)
Net change in loans (52,131,000) (21,862,000) (60,289,000)
Changes in FHLB stock and other investments (18,000) (18,000) 1,018,000
Proceeds from redemption of company-owned life insurance 1,612,000 596,000 2,447,000
Purchase of premises and equipment (1,671,000) (783,000) (252,000)
Net cash provided by (used in) investing activities 70,182,000 (669,487,000) (696,831,000)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Net change in deposits (11,146,000) (369,808,000) 844,926,000
Exercise of stock options 1,220,000 2,050,000 1,469,000
Payment of cash dividends (31,740,000) (31,495,000) (31,270,000)
Redemption of subordinated debt   (40,000,000)  
Issuance of subordinated debt, net of issuance costs   39,274,000  
Net cash (used in) provided by financing activities (41,666,000) (399,979,000) 815,125,000
Net increase (decrease) in cash and cash equivalents 101,526,000 (999,613,000) 175,143,000
Cash and cash equivalents, beginning of period 306,603,000 1,306,216,000 1,131,073,000
Cash and cash equivalents, end of period 408,129,000 306,603,000 1,306,216,000
Supplemental disclosures of cash flow information:      
Interest paid 46,834,000 8,654,000 7,014,000
Income taxes paid, net 28,340,000 25,175,000 15,372,000
Supplemental schedule of non-cash activity:      
Recording of right of use assets in exchange for lease obligations $ 541,000 2,736,000 $ 2,977,000
Transfer of loans held-for-sale to loan portfolio   $ 480,000