v3.25.2
Consolidated Statements Of Cash Flows (Unaudited) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Operating Activities      
Net income $ 29,115,000 $ 63,729,000 $ 58,638,000
Adjustments to reconcile net income to net cash provided by operating activities:      
Amortization, net   4,614,000 3,947,000
(Recovery of) Provision for credit losses 500,000 (2,000,000) 320,000
Depreciation of premises and equipment   2,096,000 2,114,000
Deferred income tax expense   1,437,000 1,446,000
Net periodic pension (benefit) cost   (48,000) 31,000
Gains (losses) on sale of investment securities, net   (118,000) 211,000
Stock-compensation expense   1,505,000 1,807,000
Excess tax expense from stock-compensation   473,000 273,000
Increase in value of bank-owned life insurance   (2,095,000) (1,751,000)
Loans originated for sale   (9,692,000) (7,100,000)
Proceeds from the sale of loans originated for sale   8,807,000 7,148,000
Gain on sale of loans   (157,000) (48,000)
Change in accrued interest receivable   (1,004,000) (1,536,000)
Change in other assets   (11,539,000) 3,435,000
Change in other liabilities   3,490,000 (8,023,000)
Net Cash Provided by Operating Activities   59,734,000 60,490,000
Investing Activities      
Net (increase) decrease in loans   (61,983,000) 13,569,000
Purchases   225,845,000 192,555,000
Proceeds on sales of available for sale securities 0 14,882,000 0
Proceeds from maturities and calls   98,545,000 57,744,000
Purchases   (257,000) (221,000)
Proceeds from sales   24,000 162,000
Purchases of premises and equipment   (641,000) (1,102,000)
Proceeds from the disposals of premises and equipment   46,000 93,000
Proceeds from bank-owned life insurance policies   0 223,000
Payments for low income housing tax credits   (4,164,000) (8,270,000)
Net Cash Used in Investing Activities   (179,393,000) (130,357,000)
Financing Activities      
Net increase in non-interest-bearing deposits   38,798,000 11,856,000
Net increase in interest-bearing deposits   65,882,000 121,246,000
Net increase (decrease) in short-term borrowings   14,179,000 (12,188,000)
Proceeds from long-term debt   0 50,000,000
Purchases of treasury stock   (28,893,000) (17,896,000)
Proceeds from exercise of stock options   0 292,000
Lease payments   (371,000) (379,000)
Dividends paid   (23,201,000) (21,354,000)
Net Cash Provided by Financing Activities   66,394,000 131,577,000
(Decrease) Increase in Cash and Cash Equivalents   (53,265,000) 61,710,000
Cash and cash equivalents at beginning of period   225,389,000 156,276,000
Cash and Cash Equivalents at End of Period 217,986,000 $ 172,124,000 $ 217,986,000
Supplemental Cash Flow Information:      
Cash paid for interest 38,639,000    
Cash paid for income taxes $ 14,975,000