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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash Flows From Operating Activities:      
Net income $ 38,168 $ 7,666 $ 25,536
Adjustments to reconcile net income to net cash provided by operating activities:      
Net decrease (increase) in deferred loan costs 1,404 (200) 786
Depreciation 3,279 2,206 891
Accretion of discounts on investment securities (1,848) (1,813) (1,890)
Amortization of premiums on investment securities 8,040 8,782 8,860
Amortization of debt issuance costs 145 145 145
Accretion of premiums and discounts on acquired loans, net (11,435) (9,694) (325)
Amortization of core deposit intangibles 1,002 751 68
Amortization of fair value marks on liabilities assumed 2,661 5,385 0
Stock-based compensation 1,158 879 858
Provision for credit losses 3,754 11,113 309
Net realized losses on sales and calls of AFS securities 41 4,199 907
Net loss (gain) on sale and disposal of equipment 40 (7) (402)
Net gain on sale of foreclosed assets (39) 0 0
Net change in equity investments (211) 63 (91)
Increase in bank-owned life insurance, net of expenses (1,497) (1,325) (1,035)
Gain on proceeds from death benefits 198 0 0
Net decrease (increase) in accrued interest receivable and other assets 4,919 982 (8,866)
Net (decrease) increase in accrued interest payable and other liabilities (5,722) (6,063) 1,666
Provision (benefit) for deferred income taxes 2,459 (867) 110
Net cash provided by operating activities 46,120 22,202 27,527
Cash Flows From Investing Activities:      
Net cash and cash equivalents acquired in acquisition 0 58,521 0
Purchases of available-for-sale investment securities (7,183) 0 0
Proceeds from sales or calls of AFS securities 500 64,230 26,361
Proceeds from calls of HTM securities 13,981 20 35
Proceeds from maturity and principal repayment of AFS securities 29,412 59,947 38,229
Proceeds from principal repayments of HTM securities 1,709 1,650 2,377
Net increase in loans (196,739) (113,078) (34,972)
Proceeds from sale of foreclosed assets 206 0 0
Purchases of premises and equipment (2,509) (5,039) (9,806)
Purchases of bank owned life insurance 0 (1,450) 0
FHLB stock purchased 0 (350) (967)
Proceeds from sale of premises and equipment 117 22 3,262
Net cash (used in) provided by investing activities (160,506) 64,473 24,519
Cash Flows From Financing Activities:      
Net increase (decrease) in demand, interest-bearing and savings deposits 124,330 37,000 (152,178)
Net increase (decrease) in time deposits 59,064 (14,450) 94,142
Proceeds from borrowings from Federal Home Loan Bank 1,467,000 972,000 3,411,500
Repayments of borrowings to Federal Home Loan Bank (1,529,000) (962,000) (3,422,500)
Proceeds from borrowings from other financial institutions 0 0 116,500
Repayments of borrowings from other financial institutions 0 (45,000) (71,500)
Repayments of senior debt (508) 0 0
Purchase and retirement of common stock (151) (38) (1)
Proceeds from stock issued under employee stock purchase plan 306 248 206
Proceeds from exercise of stock options 1,093 465 0
Cash dividend payments on common stock (9,162) (8,230) (5,657)
Net cash provided by (used in) financing activities 112,972 (20,005) (29,488)
(Decrease) increase in cash and cash equivalents (1,414) 66,670 22,558
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 120,398 53,728 31,170
CASH AND CASH EQUIVALENTS AT END OF YEAR 118,984 120,398 53,728
Cash paid during the year for:      
Interest 46,255 48,773 20,005
Income taxes, net of refunds 8,005 2,572 7,700
Operating cash flows from operating leases 3,783 3,120 2,484
Non-cash investing and financing activities:      
Unrealized gain on securities available for sale 19,548 13,227 19,193
Loans transferred to foreclosed assets 201 0 0
Right-of-use assets obtained in exchange for lease liabilities 3,718 5,216 0
Acquisition:      
Assets acquired 0 1,040,939 0
Liabilities assumed $ 0 $ (940,276) $ 0