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Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
OPERATING ACTIVITIES    
Net income $ 33,511 $ 26,209
Adjustments to reconcile net income to net cash provided by operating activities:    
Gain on sale of branches (11,093) 0
Provision for credit losses 8,169 257
Depreciation 1,648 1,892
Amortization of intangible assets 4,291 4,778
Accretion of discounts, net (10,496) (11,747)
Origination of loans to be sold (22,096) (10,093)
Proceeds from loan sales 22,815 10,363
Gain on sale of loans (719) (270)
Share-based and deferred compensation 2,301 1,864
Bank-owned life insurance income (1,772) (1,633)
Gain on sale of debt securities, available for sale 0 (4)
Change in accrued interest receivable and other assets (1,097) 5,939
Change in accrued interest payable and other liabilities 281 (1,977)
Other, net (477) (136)
Net cash provided by operating activities 25,266 25,442
Investment securities available for sale:    
Proceeds from sales 0 1,691
Proceeds from calls and maturities 3,245 10,230
Proceeds from principal repayments 22,464 13,255
Purchases (137,564) (57,322)
Investment securities held to maturity    
Proceeds from principal repayments 6,134 5,055
Purchases 0 (250)
Purchase of restricted investment in bank stocks (12,363) (16,530)
Redemption of restricted investment in bank stocks 9,837 15,286
Increase in loans, net (298,085) (91,433)
Purchase of bank-owned life insurance 0 (1,599)
Payment of death benefit under bank owned life insurance 143 0
Cash paid to buy-out minority interest 0 (483)
Proceeds from disposal of premises and equipment 1,358 2,967
Purchase of premises and equipment (1,461) (2,885)
Proceeds from sale of branches, net 26,194 0
Net cash provided by (used in) investing activities (380,098) (122,018)
FINANCING ACTIVITIES    
Increase in deposits, net 186,895 153,425
Change in short-term borrowings, net 65,000 0
Proceeds from long-term borrowings 0 40,000
Issuance of shares from exercise of stock options 79 14
Dividends paid (11,158) (11,105)
Net proceeds from issuance of common stock 209 152
Net cash provided by (used in) financing activities 241,025 182,486
(Decrease) increase in cash and cash equivalents (113,807) 85,910
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 166,100 80,190
CASH AND CASH EQUIVALENTS AT END OF PERIOD 52,293 166,100
SUPPLEMENTAL CASH FLOW DISCLOSURES    
Interest 60,258 58,431
Federal income taxes 11,807 9,009
State income taxes 1,462 1,175
Reclassification of New Jersey branch loans from portfolio loans to assets held-for-sale, net 0 (21,528)
Reclassification of New Jersey branch assets to assets held-for-sale, net 0 175
Reclassification of New Jersey branch deposits to liabilities held-for-sale, net 0 6,124
Reclassification of New Jersey branch liabilities to liabilities held-for-sale, net $ 0 $ (124)