v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities    
Net income $ 15,212 $ 11,893
Adjustments to reconcile net income to net cash and cash equivalents provided by operating activities:    
Provision for credit losses 263 1,942
Deferred income tax expense 329 1,287
Depreciation, amortization and accretion, net 3,816 2,596
Gains on sale of loans (5,420) (3,460)
Stock-based compensation 373 313
Earnings on company owned life insurance (359) (347)
Origination of loans held-for-sale (97,922) (73,911)
Proceeds from sales of loans held-for-sale 88,024 60,685
Net change in:    
Accrued interest receivable and other assets (1,747) (2,466)
Accrued interest payable and other liabilities (2,163) 129
Net cash provided by (used in) operating activities 406 (1,339)
Cash flows from investing activities    
Net change in loans receivable (55,598) (100,678)
Proceeds from matured, called, or paid-down AFS debt securities 22,706 14,118
Purchase of loans (5,426) (13,778)
Purchase of AFS debt securities (34,491) 0
Purchase of FHLB stock (1,592) (540)
Purchase of premises and equipment, net (241) (2,144)
Net change in investments in low-income housing partnerships (1,851) (2,607)
Net cash used in investing activities (76,493) (105,629)
Cash flows from financing activities    
Net change in deposits 87,792 227,443
Proceeds from FHLB advances 40,000 50,000
Repayment of FHLB advances (40,000) (95,000)
Repurchase of common stock 0 (713)
Cash dividend paid on common stock (3,871) (3,560)
Payments related to tax-withholding for vested restricted stock awards (94) (757)
Net cash provided by financing activities 83,827 177,413
Net change in cash and cash equivalents 7,740 70,445
Cash and cash equivalents at beginning of period 167,311 134,943
Cash and cash equivalents at end of period 175,051 205,388
Income taxes    
Federal 3,420 1,600
Total income taxes paid 6,091 3,496
Interest 34,785 35,733
Supplemental noncash disclosure:    
Initial recognition of right-of-use assets 41 3,536
New commitments to low income housing partnership investment 0 5,000
California    
Income taxes    
State/Local 2,560 1,840
All other states    
Income taxes    
State/Local $ 111 $ 56