v3.25.2
Condensed Consolidated Statements of Cash Flows - USD ($)
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash Flows from Operating Activities    
Interest and dividends received $ 292,810,000 $ 321,569,000
Service charges and other fees received 22,299,000 22,099,000
Interest paid (65,625,000) (82,316,000)
Net cash paid to vendors, employees and others (131,308,000) (114,270,000)
Income taxes (23,190,000) (43,462,000)
Net cash provided by operating activities 94,986,000 103,620,000
Cash Flows from Investing Activities    
Net change in interest-earning balances from depository institutions (10,524,000) 871,000
Proceeds from repayment of investment securities available-for-sale 137,449,000 170,306,000
Proceeds from maturity of investment securities available-for-sale 30,002,000 48,007,000
Purchases of investment securities available-for-sale (29,388,000) (33,435,000)
Proceeds from repayment and maturity of investment securities held-to-maturity 52,560,000 40,110,000
Purchases of investment securities held-to-maturity (6,230,000) (11,455,000)
Net increase in equity investments (18,499,000) (2,813,000)
Net decrease in loan and lease finance receivables 179,611,000 222,728,000
Purchase of premises and equipment (1,529,000) (1,946,000)
Proceeds from BOLI death benefit 2,340,000 1,559,000
Proceeds from sales of other real estate owned 21,348,000 0
Net cash provided by investing activities 357,140,000 433,931,000
Cash Flows from Financing Activities    
Net increase (decrease) in other deposits 26,045,000 (21,902,000)
Net increase in time deposits 10,397,000 378,585,000
Net decrease in other borrowings 0 (270,000,000)
Net increase (decrease) in customer repurchase agreements 142,267,000 (2,816,000)
Cash dividends on common stock (55,925,000) (55,958,000)
Repurchase of common stock (41,231,000) (2,594,000)
Proceeds from exercise of stock options 259,000 43,000
Net cash provided by financing activities 81,812,000 25,358,000
Net increase in cash and cash equivalents 533,938,000 562,909,000
Cash and cash equivalents, beginning of period 204,698,000 281,285,000
Cash and cash equivalents, end of period 738,636,000 844,194,000
Reconciliation of Net Earnings to Net Cash Provided by Operating Activities    
Net earnings 101,668,000 98,634,000
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Gain on sale of other real estate owned (2,045,000) 0
Increase in BOLI (6,059,000) (6,535,000)
Net amortization of premiums and discounts on investment securities 7,836,000 8,372,000
Accretion of discount for acquired loans, net (1,390,000) (1,793,000)
(Recapture of) provision for credit losses (2,000,000) 0
Provision for (recapture of) unfunded loan commitments (500,000) (500,000)
Valuation allowance on other real estate owned 0 28,000
Stock-based compensation 4,934,000 5,035,000
Depreciation and amortization, net 8,678,000 3,955,000
Change in other assets and liabilities (17,136,000) (3,576,000)
Total adjustments (6,682,000) 4,986,000
Net cash provided by operating activities 94,986,000 103,620,000
Supplemental Disclosure of Non-cash Investing Activities    
Transfer of loans to other real estate owned $ 661,000 $ 675,000