v3.25.4
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash Flows From Operating Activities:      
Net income $ 35,116,000 $ 19,168,000 $ 30,059,000
Adjustments to reconcile net income to net cash provided by operating activities:      
Amortization of intangible assets 1,172,000 692,000 692,000
Net amortization of premium/discount on investment securities 974,000 3,591,000 4,472,000
Depreciation 6,029,000 5,033,000 3,954,000
Loss on sales of securities 3,534,000 45,000 173,000
Share-based compensation expense 4,186,000 3,052,000 4,007,000
Provision for (release of) credit losses 348,000 447,000 (550,000)
Investments in bank-owned life insurance 1,870,000 1,165,000 1,161,000
Increase (decrease) in current income tax liability 4,256,000 (192,000) (1,766,000)
ASC 715 pension adjustment, net of tax 0 5,191,000 806,000
Increase in accounts receivable (322,000) (3,830,000) (3,082,000)
Other operating activities, net (10,611,000) 5,322,000 (49,000)
Cash Flows From Investing Activities:      
Proceeds from sales of securities available-for-sale 129,857,000 60,126,000 111,583,000
Proceeds from maturities of securities available-for-sale 83,075,000 153,192,000 39,233,000
Purchases of securities available-for-sale (435,237,000) (119,744,000) (15,332,000)
Net decrease (increase) in loans 20,772,000 (67,671,000) 68,588,000
Decrease (increase) in payments in advance of funding 44,016,000 (9,669,000) 94,914,000
Purchases of premises and equipment, net (5,663,000) (8,512,000) (11,938,000)
Asset acquisition 0 (2,954,000) 0
Cash Flows From Financing Activities:      
Net increase (decrease) in noninterest-bearing demand deposits 262,204,000 (273,129,000) (118,398,000)
Net (decrease) increase in interest-bearing demand and savings deposits (46,025,000) 95,489,000 (34,106,000)
Net increase in time deposits 15,938,000 4,742,000 36,101,000
Net (increase) decrease in accounts and drafts receivable from customers (13,519,000) 54,746,000 (14,872,000)
Net (decrease) increase in accounts and drafts payable (4,753,000) 76,341,000 5,407,000
Cash dividends paid (16,511,000) (16,463,000) (15,959,000)
Purchase of common shares for treasury (25,988,000) (7,248,000) (5,773,000)
Other financing activities, net (1,299,000) (1,684,000) (834,000)
Net cash provided by (used in) financing activities 150,382,000 (65,640,000) (150,073,000)
Net increase (decrease) in cash and cash equivalents 42,540,000 (22,740,000) 171,526,000
Cash and cash equivalents at beginning of year 349,728,000 372,468,000 200,942,000
Cash and cash equivalents at end of year 392,268,000 349,728,000 372,468,000
Supplemental cash flow information:      
Cash paid for interest 16,386,000 20,227,000 15,697,000
Cash paid for income taxes 5,136,000 5,509,000 9,300,000
Asset Acquisition, Consideration Transferred, Contingent Consideration 0 3,500,000 0
Net cash provided by operating activities 37,437,000 38,949,000 36,937,000
Cash Provided by (Used in) Operating Activities, Discontinued Operations (1,371,000) 2,205,000 1,551,000
Net Cash Provided by (Used in) Operating Activities, Continuing Operations 38,808,000 36,744,000 35,386,000
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent 31,112,000 18,558,000 27,890,000
Net Cash Provided by (Used in) Investing Activities, Continuing Operations (145,180,000) 4,768,000 287,048,000
Cash Provided by (Used in) Investing Activities, Discontinued Operations (99,000) (817,000) (2,386,000)
Net cash (used in) provided by investing activities (145,279,000) 3,951,000 284,662,000
Proceeds from Divestiture of Businesses 18,000,000 0 0
Net Cash Provided by (Used in) Financing Activities, Continuing Operations 170,047,000 (67,206,000) (148,434,000)
Cash Provided by (Used in) Financing Activities, Discontinued Operations $ (19,665,000) $ 1,566,000 $ (1,639,000)