v3.25.4
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 77,008 $ 71,780 $ 65,842
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation expense 3,200 2,944 3,108
Provision for credit losses 3,161 3,031 7,573
Net amortization of debt securities 2,264 3,641 5,730
Deferred income tax expense 329 996 3,817
Stock-based compensation 1,943 1,752 1,953
Net accretion of discount and deferred loan fees on loans (7,117) (7,187) (7,228)
Net realized loss on sales of securities 200 3,697 1,820
Net unrealized loss (gain) on equity securities (7) 59 (160)
Net loss (gain) on disposals of bank premises and equipment 87 55 (84)
Net gain on sales of bank premises held for sale (52) 0 (81)
Impairment losses on bank premises held for sale 50 580 0
Net gain on sales of foreclosed assets (155) (112) (764)
Write-down of foreclosed assets 151 90 263
Amortization of intangibles 2,726 2,839 2,670
Decrease in fair value of mortgage servicing rights 1,883 174 1,615
Net loss (gain) on extinguishment of subordinated debt 391 0 0
Amortization of discount and issuance costs on subordinated notes and debentures 116 139 139
Amortization of discount on Federal Home Loan Bank advances 158 401 379
Amortization of premium on time deposits 0 (108) (400)
Mortgage loans originated for sale (49,176) (62,649) (69,663)
Proceeds from sale of mortgage loans 50,976 64,992 71,098
Net gain on sale of mortgage loans (1,477) (1,611) (1,526)
Increase in cash surrender value of bank owned life insurance (671) (668) (566)
Net gain on bank owned life insurance proceeds 0 (247) 0
Decrease (increase) in accrued interest receivable 991 (236) (1,915)
Decrease in other assets 645 3,053 2,174
Increase (decrease) in other liabilities (2,554) 1,967 (19,965)
Net cash provided by operating activities 85,070 89,372 65,829
CASH FLOWS FROM INVESTING ACTIVITIES      
Proceeds from maturities of interest-bearing time deposits with banks 0 520 249
Purchase of interest-bearing time deposits with banks 0 (11) (509)
Proceeds from sales of debt securities 4,125 69,174 185,280
Proceeds from sales and redemptions of equity securities 81 58 0
Proceeds from paydowns, maturities, and calls of debt securities 186,386 126,340 102,625
Purchase of debt securities (234,264) (105,147) (2,640)
Purchase of equity securities (64) (196) (397)
Purchase of loans (9,782) (14,566) (61,009)
Net decrease (increase) in loans 22,338 (42,623) (81,641)
Purchase of restricted stock 0 0 (23,832)
Proceeds from redemption of restricted stock 107 2,074 27,459
Proceeds from bank owned life insurance 0 831 0
Purchases of bank premises and equipment (10,247) (5,506) (3,134)
Proceeds from sales of bank premises and equipment 76 2 222
Proceeds from sales of bank premises held for sale 319 0 351
Proceeds from sales of foreclosed assets 1,285 1,396 4,093
Net cash paid for acquisition of Town and Country 0 0 (14,454)
Net cash provided by (used in) investing activities (39,640) 32,346 132,663
CASH FLOWS FROM FINANCING ACTIVITIES      
Net increase (decrease) in deposits 41,009 (83,075) 94,396
Net decrease in repurchase agreements (28,969) (13,473) (639)
Net decrease in short-term Federal Home Loan Bank advances 0 0 (234,195)
Proceeds from long-term Federal Home Loan Bank advances 6,800 907 0
Repayment of long-term Federal Home Loan Bank advances (7,888) (700) 0
Repayment of subordinated notes (40,000) 0 0
Taxes paid related to the vesting of restricted stock units (691) (331) (181)
Repurchase of common stock (4,505) (4,423) (8,907)
Cash dividends and dividend equivalents paid (26,609) (24,183) (21,873)
Net cash used in financing activities (60,853) (125,278) (171,399)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (15,423) (3,560) 27,093
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 137,692 141,252 114,159
CASH AND CASH EQUIVALENTS AT END OF YEAR 122,269 137,692 141,252
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION      
Cash paid for interest 58,172 64,723 32,853
Net cash paid for income taxes:      
Federal 18,425 16,425 13,795
Total 26,615 23,876 20,512
SUPPLEMENTAL DISCLOSURES OF NONCASH INVESTING ACTIVITIES      
Transfers of loans to foreclosed assets 2,040 889 1,143
Transfers of bank premises and equipment to bank premises held for sale 0 317 35
Illinois      
Net cash paid for income taxes:      
State 7,875 6,195 6,150
Other states      
Net cash paid for income taxes:      
State $ 315 $ 1,256 $ 567