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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Operating Activities:      
Net income $ 64,608 $ 36,971 $ 25,394
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:      
Gain on sale of securities, net (1) (112) 0
Depreciation and amortization of premises 3,534 3,610 3,294
Amortization of debt issuance costs 14 0 0
Intangible asset amortization 0 0 17
Amortization of investment security premium, net of discount accretion (37) 368 483
Unrealized (gain) on marketable equity securities (169) (465) (120)
Deferred tax (income) expense (1,506) (152) 580
Stock-based compensation 1,734 913 937
Deferral of loan fees and amortization, net of costs 977 631 (54)
Provision for credit losses 3,910 3,293 3,842
Origination of home mortgage servicing rights carried at fair value (4,817) (4,748) (3,616)
Purchases of home mortgage servicing rights carried at fair value 0 (2,328) 0
Change in fair value of home mortgage servicing rights carried at fair value 3,782 201 2,687
Change in fair value of commercial servicing rights carried at fair value 334 52 62
Gain on sale of loans (16,777) (13,994) (7,828)
Proceeds from the sale of loans held for sale 851,911 595,164 379,546
Origination of loans held for sale (776,032) (609,153) (376,154)
Gain on sale of other real estate owned 0 (392) (929)
Impairment on other real estate owned 0 0 123
Gain on sale of Pacific Wealth Advisors (14,486) 0 0
Net changes in assets and liabilities:      
Decrease (increase) in accrued interest receivable (1,040) 456 (2,021)
Decrease (increase) in other assets 23,462 (13,503) 5,347
(Decrease) increase in other liabilities (64) (5,539) 7,185
Net Cash Provided (Used) by Operating Activities 139,337 (8,727) 38,775
Investment in securities:      
Purchases of investment securities available for sale (96,439) (49,464) (26,030)
Purchases of marketable equity securities 0 (1,964) (2,297)
Purchases of FHLB stock (22,584) (32,353) (5,703)
Proceeds from sales/calls/maturities of securities available for sale 165,367 221,159 82,398
Proceeds from sales of marketable equity securities 481 6,973 0
Proceeds from calls/maturities of securities held to maturity 10,000 0 0
Proceeds from redemption of FHLB stock 21,151 30,002 6,539
(Increase) decrease in purchased receivables, net (27,606) 10,672 (16,848)
Increase in loans, net (268,474) (341,764) (287,893)
Proceeds from sale of other real estate owned 0 392 1,079
Sallyport Commercial Finance, LLC acquisition, net of cash received 144 (40,658) 0
Purchases of premises and equipment (5,469) (620) (6,166)
Net Cash Used by Investing Activities (223,429) (197,625) (254,921)
Financing Activities:      
Increase (decrease) in deposits 132,840 195,134 97,844
Proceeds from borrowings 562,910 697,553 194,500
Repayments of borrowings (573,150) (728,390) (194,920)
Proceeds from the issuance of subordinated debt 60,000 0 0
Payment of debt issuance costs (1,400) 0 0
Proceeds from the issuance of common stock 609 801 555
Repurchase of common stock 0 (789) (9,044)
Cash dividends paid (14,547) (13,751) (13,609)
Net Cash Provided by Financing Activities 167,262 150,558 75,326
Net Change in Cash and Cash Equivalents 83,170 (55,794) (140,820)
Cash and Cash Equivalents at Beginning of Year 62,736 118,530 259,350
Cash and Cash Equivalents at End of Year 145,906 62,736 118,530
Supplemental Information:      
Income taxes paid 17,591 6,720 2,031
Interest paid 42,555 40,482 28,547
Noncash commitments to invest in Low Income Housing Tax Credit Partnerships 13,407 0 14,273
Transfer of loans to other real estate owned 0 0 273
Non-cash lease liability arising from obtaining right of use assets 0 250 423
Cash dividends declared but not paid 203 101 110
Acquisitions:      
Assets acquired 0 66,129 0
Liabilities assumed 0 (41,275) 0
Pre-existing debt settlement $ 0 $ 12,000 $ 0