v3.25.2
Consolidated Condensed Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 27,488,000 $ 23,023,000
Adjustments to reconcile net income to net cash from operating activities:    
Provision for credit losses 3,608,000 1,125,000
Credit for unfunded loans (264,000) (462,000)
Depreciation and amortization 3,349,000 3,103,000
Net amortization (accretion) of securities (181,000) 330,000
Available for sale security losses 1,334,000 2,259,000
Realized gains on equity securities (56,000) (15,000)
Gains on premises and equipment sales and disposals, net (113,000) 0
Stock compensation expense 1,287,000 1,288,000
Earnings on bank owned life insurance (1,531,000) (1,275,000)
Income recognized from death benefit on bank owned life insurance (111,000) (84,000)
Origination of loans held for sale (38,327,000) (35,222,000)
Proceeds from loans held for sale 40,213,000 35,476,000
Net gains on sale of loans (655,000) (714,000)
Net change in other assets and liabilities (6,353,000) 1,474,000
NET CASH FROM OPERATING ACTIVITIES 29,688,000 30,306,000
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from maturities and repayments of securities available for sale 33,680,000 26,308,000
Proceeds from sales of securities available for sale 23,901,000 44,756,000
Purchases of securities available for sale (45,983,000) (45,883,000)
Proceeds from sales of equity securities 55,000 41,000
Purchase of equity securities (57,000) (42,000)
Proceeds from redemption of regulatory stock 11,945,000 5,224,000
Purchase of regulatory stock (7,337,000) (7,527,000)
Loan originations and payments, net (29,458,000) (32,285,000)
Purchase of portfolio loans (8,044,000) (8,069,000)
Proceeds from loans held for sale previously classified as portfolio loans 3,445,000 1,594,000
Proceeds from BOLI death benefit 460,000 551,000
Purchase of company owned life insurance (15,000,000) 0
Proceeds from land, building and equipment sales 298,000 0
Additions to premises and equipment (5,092,000) (3,778,000)
NET CASH FROM INVESTING ACTIVITIES (38,742,000) (19,074,000)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net change in deposits 129,638,000 28,449,000
Net change in short-term borrowings (102,000,000) 51,000,000
Cash dividends paid (12,727,000) (12,688,000)
Cash paid for withholding taxes on share-based awards (855,000) (664,000)
NET CASH FROM FINANCING ACTIVITIES 14,056,000 66,097,000
NET CHANGE IN CASH AND CASH EQUIVALENTS 5,002,000 77,329,000
Beginning cash and cash equivalents 85,738,000 103,658,000
Ending cash and cash equivalents 90,740,000 180,987,000
Supplemental cash flow information:    
Interest paid 46,658,000 55,188,000
Supplemental noncash disclosures:    
Issuance of stock awards 1,556,000 2,049,000
Transfer of loans to loans held for sale 1,845,000 0
Lease liabilities arising from obtaining right-of-use assets 273,000 0
SBIC Funds [Member]    
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from sales of equity securities 910,000 556,000
Purchase of equity securities $ (2,465,000) $ (520,000)