v3.26.1
Consolidated Statements Of Cash Flows (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Operating Activities    
Net income $ 31,735,000 $ 30,342,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization, net 1,011,000 2,087,000
Provision for credit losses 600,000 0
Depreciation of premises and equipment 1,119,000 1,050,000
Deferred income tax (benefit) expense (218,000) 1,645,000
Net periodic pension benefit (42,000) (24,000)
Gains on sale of investment securities, net 7,000 (5,000)
Stock-compensation expense 3,184,000 719,000
Excess tax expense from stock-compensation 126,000 345,000
Increase in value of bank-owned life insurance (980,000) (1,153,000)
Loans originated for sale (3,992,000) (2,876,000)
Proceeds from the sale of loans originated for sale 4,591,000 2,623,000
Gain on sale of loans (56,000) (37,000)
Change in accrued interest receivable (927,000) (953,000)
Change in other assets (4,339,000) (14,884,000)
Change in other liabilities 6,203,000 12,625,000
Net Cash Provided by Operating Activities 38,008,000 31,514,000
Investing Activities    
Net decrease (increase) in loans 10,548,000 (10,196,000)
Purchases 0 19,668,000
Proceeds on sales of available for sale securities 0 0
Proceeds from maturities and calls 56,694,000 45,529,000
Purchases (70,000) (25,000)
Proceeds from sales 90,000 14,000
Purchases of premises and equipment (726,000) (253,000)
Proceeds from the disposals of premises and equipment 0 46,000
Proceeds from bank-owned life insurance policies 0 (1,000)
Payments for low income housing tax credits (1,360,000) (2,788,000)
Net Cash Provided by Investing Activities 65,176,000 12,658,000
Financing Activities    
Net (decrease) increase in non-interest-bearing deposits (2,760,000) 21,421,000
Net increase in interest-bearing deposits 45,378,000 92,905,000
Net increase in customer repurchase agreements 7,151,000 22,074,000
Purchases of treasury stock (30,862,000) (9,464,000)
Lease payments (185,000) (186,000)
Dividends paid (14,808,000) (11,606,000)
Net Cash Provided by Financing Activities 3,914,000 115,144,000
Increase in Cash and Cash Equivalents 107,098,000 159,316,000
Cash and cash equivalents at beginning of period 191,919,000 225,389,000
Cash and Cash Equivalents at End of Period 299,017,000 384,705,000
Supplemental Cash Flow Information:    
Cash paid for interest 19,310,000 22,200,000
Cash paid for income taxes $ 0 $ 0