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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Operating Activities:    
Net income $ 52,167 $ 26,044
Adjustments to Reconcile Net Income to Net Cash Provided (Used) by Operating Activities:    
Depreciation and amortization of premises and equipment 2,660 2,712
Amortization of investment security premium, net of discount accretion 43 309
Unrealized gain on marketable equity securities (108) (830)
Stock-based compensation 922 692
Deferred loan fees and amortization, net of costs 671 190
Provision for credit losses 2,283 2,092
Additions to home mortgage servicing rights carried at fair value (4,280) (3,080)
Change in fair value of home mortgage servicing rights carried at fair value 2,923 1,074
Change in fair value of commercial servicing rights carried at fair value 257 155
Change in fair value of loans held for sale 35 0
Gain on sale of loans (11,481) (10,247)
Proceeds from the sale of loans held for sale 635,967 390,907
Origination of loans held for sale (576,413) (446,623)
Gain on sale of other real estate owned 0 (392)
Gain on sale by Pacific Wealth Advisors (14,211) 0
Net changes in assets and liabilities:    
Increase in accrued interest receivable (1,349) (951)
Decrease in other assets 16,391 511
Decrease in other liabilities (1,682) (6,808)
Net Cash Provided (Used) by Operating Activities 104,795 (44,245)
Investment in securities:    
Purchases of investment securities available for sale (54,660) (19,517)
Purchases of marketable equity securities 0 (1,964)
Purchases of FHLB stock (22,031) (24,872)
Proceeds from sales/calls/maturities of securities available for sale 123,176 125,625
Proceeds from calls of marketable equity securities 481 2,989
Proceeds from redemption of FHLB stock 20,925 23,534
(Increase) decrease in purchased receivables, net (34,021) 13,278
Increase in loans, net (191,145) (241,563)
Proceeds from the sale of loans 0 23,469
Proceeds from sale of other real estate owned 0 392
Sallyport Commercial Finance, LLC acquisition, net of cash received 144 0
Purchases of premises and equipment (3,249) (2,063)
Net Cash (Used) by Investing Activities (160,380) (100,692)
Financing Activities:    
Increase in deposits 226,274 140,512
Increase in borrowings (10,129) (321)
Repurchase of common stock 0 (788)
Cash dividends paid (10,604) (10,120)
Net Cash Provided by Financing Activities 205,541 129,283
Net Change in Cash and Cash Equivalents 149,956 (15,654)
Cash and Cash Equivalents at Beginning of Period 62,736 118,530
Cash and Cash Equivalents at End of Period 212,692 102,876
Supplemental Information:    
Income taxes paid 9,695 3,488
Interest paid 32,207 29,286
Noncash commitments to invest in Low Income Housing Tax Credit Partnerships 13,407 0
Non-cash lease liability arising from obtaining right of use assets 0 265
Cash dividends declared but not paid $ 145 $ 119