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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Dec. 31, 2024
Cash flows from operating activities:          
Net income     $ 17,073,000 $ 17,494,000  
Adjustments to reconcile net income to net cash provided by operating activities:          
Provision for credit losses $ 2,973,000 $ 1,245,000 3,818,000 1,668,000  
Deferred tax expense     1,495,000 3,409,000  
Amortization (accretion) on acquired loans     180,000 (95,000)  
Gain on sale of loans     (251,000) (287,000)  
Proceeds from sale of loans originated for sale     4,496,000 4,749,000  
Loans originated for sale     (3,372,000) (3,562,000)  
Accretion on junior subordinated debentures     61,000 60,000  
Gain on repayment of subordinated debt, net       (34,000)  
Increase in cash surrender value of life insurance policies     (571,000) (542,000)  
Amortization/accretion of premiums/discounts on investment securities, net     95,000 18,000  
Gain on equity securities (771,000) (1,420,000) (523,000) (1,672,000)  
Depreciation and amortization     2,460,000 1,537,000  
Core deposit intangible amortization 242,000 305,000 748,000 916,000  
Stock based compensation expense     475,000 483,000  
Decrease in deferred loan origination fees, net     (505,000) (128,000)  
Net change in interest receivable and other assets     1,011,000 (7,000)  
Increase in salary continuation plan, net     254,000 145,000  
Net change in interest payable and other liabilities     (3,951,000) (1,783,000)  
Net cash provided by operating activities     22,993,000 22,369,000  
Cash flows from investing activities:          
Proceeds from maturities of interest bearing deposits in banks     249,000 747,000  
Purchase of investment securities AFS     (11,569,000) (39,020,000)  
Proceeds from maturities, repayments and calls of investment securities AFS     24,692,000 13,140,000  
Purchase of FHLB stock     (211,000)    
Purchase of FRB stock     (12,000) (14,000)  
Proceeds from sale of loans       6,837,000  
Purchase of loans     (24,633,000) (64,432,000)  
(Increase) decrease in loans, net     (64,479,000) 65,032,000  
Purchase of equipment and leasehold improvements, net     (2,008,000) (1,643,000)  
Net cash used in investing activities     (77,971,000) (19,353,000)  
Cash flows from financing activities:          
Decrease in noninterest and interest bearing deposits in banks, net     (16,767,000) (8,900,000)  
Increase in time deposits, net     10,810,000 12,591,000  
Repayment of subordinated debt, net     (64,685,000) (315,000)  
Repurchase of common stock     (6,096,000) (9,213,000)  
Dividends paid on common stock     (3,870,000) (3,434,000)  
Net cash used in financing activities     (80,608,000) (9,271,000)  
Decrease in cash and cash equivalents     (135,586,000) (6,255,000)  
Cash and cash equivalents at beginning of period     364,032,000 307,539,000 $ 307,539,000
Cash and cash equivalents at end of period $ 228,446,000 $ 301,284,000 228,446,000 301,284,000 $ 364,032,000
Cash paid during the year for:          
Interest expense     32,287,000 30,096,000  
Cash paid during the year for:          
Income taxes paid, net     6,473,000 5,317,000  
Non-cash investing and financing activities:          
Change in unrealized gain on AFS securities, net of tax     5,044,000 3,424,000  
Transfer of loans to held-for-sale     697,000 2,252,000  
Recognition of ROU assets in exchange for lease obligations     2,701,000 1,629,000  
Cash dividends declared on common stock not yet paid     $ (2,724,000) $ (1,110,000)