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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
OPERATING ACTIVITIES:      
Net income $ 38,457 $ 36,119 $ 23,644
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for loan losses 4,159 181 7,000
Net amortization of purchase premiums and discounts on securities 13 209 241
Depreciation and amortization, net 2,756 1,609 1,909
SBA PPP deferred fees and costs (1,413) (1,464) 2,947
Deferred income tax benefit (1,205) (1,456) (3,090)
Net securities realized gains   (46) (322)
Stock compensation expense 1,681 1,617 1,411
Gain on sale of OREO     157
Gain on sale of mortgage loans, net (1,399) (4,567) (6,344)
Gain on sale of SBA loans held for sale, net (954) (741) (1,642)
BOLI income (636) (689) (613)
Net change in other assets and liabilities 1,210 1,757 (2,975)
Net cash provided by operating activities 42,669 32,529 22,323
INVESTING ACTIVITIES      
Purchases of securities held to maturity (26,748) (21,923)  
Purchase of equity securities (2,539) (6,100) 0
Purchases of securities available for sale (49,349) (30,301) (3,802)
(Purchases of) proceeds from sale of FHLB stock, at cost (15,514) 7,044 3,590
Maturities and principal payments on debt securities held to maturity 5,339 7,643  
Maturities and principal payments on debt securities available for sale 4,514 12,571 15,205
Proceeds from sales of securities available for sale 0 7,048 6,635
Proceeds from sales of equity securities 0 53 111
Proceeds from sale of OREO     1,566
Net decrease (increase) in SBA PPP loans 41,955 73,208 (121,182)
Net increase in loans (497,927) (89,104) (77,348)
Proceeds from BOLI 468 595 422
(Purchases of) proceeds from sale of premises and equipment, net (1,482) (1,249) (559)
Net cash used in investing activities (541,283) (40,515) (175,362)
FINANCING ACTIVITIES      
Net increase in deposits 28,647 200,922 307,845
Proceeds from borrowings 343,000    
Repayments of borrowings   (160,000) (83,000)
Proceeds from exercise of stock options, net of withheld taxes 1,357 379 229
Cash dividends on common stock (4,373) (3,617) (3,298)
Purchase of treasury stock (42) (4,191) (7,442)
Net cash provided by financing activities 368,589 33,493 214,334
(Decrease) increase in cash and cash equivalents (130,025) 25,507 61,295
Cash and cash equivalents, beginning of period 244,818 219,311 158,016
Cash and cash equivalents, end of period 114,793 244,818 219,311
SUPPLEMENTAL DISCLOSURES      
Interest paid 10,069 7,860 14,687
Income taxes paid 13,929 13,990 11,112
Noncash investing activities:      
Establishment of lease liability and right-of-use asset, net of terminations 1,238 3,138 28
Capitalization of servicing rights $ 152 $ 126 $ 722