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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Dec. 31, 2024
Cash flows from operating activities:          
Net income     $ 35,116 $ 31,471  
Adjustments to reconcile net income to net cash provided by operating activities:          
Provision for credit losses $ 200 600 200 $ (800)
Depreciation and amortization of premises and equipment     1,182 1,122  
Amortization of intangibles 1,273 1,475 2,571 2,975  
Net accretion of securities     (2,092) (1,849)  
Amortization of stock-based compensation     1,035 1,093  
Accretion of purchase accounting valuations     (1,657) (2,357)  
Net change in deferred loan fees and costs     (362) (106)  
Change in fair value of MSR and other investments     (660) 84  
Loss from sale and disposal of premises and equipment     32 174  
Net gain on sale of OREO and valuation allowance (159) (461) (159) (508)  
Proceeds from sales of mortgage loans     60,082 43,345  
Originations of mortgage loans held for sale     (61,590) (42,111)  
Gain on sales of mortgage loans (338) (277) (672) (496)  
Realized loss on sale of securities       34  
Undistributed income of Ansay joint venture     (2,334) (2,358)  
Net earnings on life insurance     (688) (817)  
Increase in other assets     (1,210) (1,129)  
Decrease in other liabilities     (11,172) (12,504)  
Net cash provided by operating activities     18,022 16,263  
Cash flows from investing activities:          
Activity in securities available for sale and held to maturity: Sales       10,206  
Activity in securities available for sale and held to maturity: Maturities, prepayments, and calls     263,608 91,444  
Activity in securities available for sale and held to maturity: Purchases     (202,752) (93,687)  
Net increase in loans     (61,919) (82,384)  
Dividends received from Ansay     1,268 1,066  
Proceeds from sale of OREO     900 1,936  
Proceeds from life insurance     1,899 1,205  
Proceeds from sale of premises and equipment     1 2,380  
Purchases of premises and equipment     (5,774) (1,985)  
Net cash used in investing activities     (2,769) (69,819)  
Cash flows from financing activities:          
Net decrease in deposits     (65,658) (32,933)  
Net decrease in securities sold under repurchase agreements       (75,747)  
Proceeds from advances of notes payable       102,000  
Repayment of notes payable     (25,508) (47,000)  
Repayment of junior subordinated debentures       (4,124)  
Dividends paid     (43,639) (7,052)  
Proceeds from sales of common stock     591 120  
Repurchase of common stock     (22,043) (30,226)  
Net cash used in financing activities     (156,257) (94,962)  
Net decrease in cash and cash equivalents     (141,004) (148,518)  
Cash and cash equivalents at beginning of period     261,332 247,468 247,468
Cash and cash equivalents at end of period $ 120,328 $ 98,950 120,328 98,950 $ 261,332
Cash paid during the year for:          
Interest     37,256 30,608  
Income taxes     6,669 6,286  
Supplemental schedule of noncash activities:          
MSR resulting from sale of loans     706 488  
Change in unrealized gain (loss) on investment securities available for sale, net of tax     $ 1,590 $ (625)