v3.25.3
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash Flows From Operating Activities:    
Net income $ 26,927 $ 14,574
Amortization of intangible assets 879 519
Adjustments to reconcile net income to net cash provided by operating activities:    
Accretion (Amortization) of Discounts and Premiums, Investments 981 (2,916)
Depreciation 4,474 3,486
Loss on sale of investment securities 3,572 13
Share-based compensation expense 3,177 2,508
(Release of) provision for credit losses 737 355
Increase in current income tax liability 2,190 56
Increase in accounts receivable (349) (4,033)
Other operating activities, net (4,624) (1,638)
Net Cash Provided by (Used in) Operating Activities, Continuing Operations 33,959 18,582
Cash Provided by (Used in) Operating Activities, Discontinued Operations (1,370) 1,737
Net cash provided by operating activities 32,589 20,319
Cash Flows From Investing Activities:    
Proceeds from sales of investment securities available-for-sale 125,815 24,985
Proceeds from maturities of investment securities available-for-sale 55,814 130,518
Purchase of investment securities available-for-sale (354,813) (71,121)
Net increase in loans (6,358) (64,069)
Proceeds from Divestiture of Businesses 18,000 0
Decrease (increase) in payments in advance of funding 20,490 (8,341)
Purchases of premises and equipment, net (4,946) (8,321)
Net Cash Provided by (Used in) Investing Activities, Continuing Operations (145,998) 3,651
Cash Provided by (Used in) Investing Activities, Discontinued Operations (99) 472
Net cash (used in) provided by investing activities (146,097) 4,123
Net increase (decrease) in noninterest-bearing demand deposits 155,939 (131,786)
Cash Flows From Financing Activities:    
Net (Increase) Decrease In Accounts and Drafts Receivable From Customers 6,108 79,760
Net increase (decrease) in noninterest-bearing demand deposits 155,939 (131,786)
Net (decrease) increase in interest-bearing demand and savings deposits (101,037) 33,640
Net increase in time deposits 11,842 4,655
Net decrease in accounts and drafts receivable from customers 760 (130,806)
Cash dividends paid (12,376) (12,264)
Purchase of common shares for treasury (17,728) (3,705)
Other financing activities, net (1,429) (1,749)
Net Cash Provided by (Used in) Financing Activities, Continuing Operations 42,079 (162,255)
Cash Provided by (Used in) Financing Activities, Discontinued Operations (19,665) (4,099)
Net cash provided by (used in) financing activities 22,414 (166,354)
Net decrease in cash and cash equivalents (91,094) (141,912)
Cash and cash equivalents at beginning of period 349,728 372,468
Cash and cash equivalents at end of period 258,634 230,556
Supplemental information:    
Cash paid for interest 12,126 15,653
Cash paid for income taxes 4,890 4,095
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent 4,005 174
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent $ 22,922 $ 14,400