v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 19,804 $ 18,406
Adjustments to reconcile net income to net cash provided by operating activities:    
Net amortization of premiums and discounts on investments 790 1,050
Provision for credit losses 2,550 1,950
Depreciation and amortization 2,833 3,257
Bargain purchase gain (716)  
Restricted stock compensation 201 233
Gain on sale of mortgage loans (294) (225)
(Gain) Loss on sale of other real estate   (2)
Other, net (2,548) (3,612)
NET CASH FROM OPERATING ACTIVITIES 22,620 21,057
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from sales of securities available-for-sale 47,691  
Calls, maturities and principal reductions on securities available-for-sale 34,149 26,968
Purchases of securities available-for-sale (61,532)  
Loans made to customers, net of repayment (79,792) (16,795)
Net change in federal funds sold 475 393
Redemption of restricted stock 1,220 48
Purchase of restricted stock (22) (21)
Cash received (disbursed ) from acquisitions, net (11,779)  
Proceeds from sales of other real estate owned   2
Additions to premises and equipment (687) (566)
NET CASH FROM INVESTING ACTIVITIES (70,277) 10,029
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net change in deposits (22,246) (78,863)
Net change in short-term borrowings 51,827 (49,448)
Dividends paid (6,650) (6,032)
Purchase of treasury shares (332) (795)
Proceeds from other borrowings 1,200,000 350,000
Maturities of other borrowings (1,208,424) (253,263)
NET CASH FROM FINANCING ACTIVITIES 14,175 (38,401)
NET CHANGE IN CASH AND CASH EQUIVALENTS (33,482) (7,315)
CASH AND DUE FROM BANKS, BEGINNING OF PERIOD 130,369 93,526
CASH AND DUE FROM BANKS, END OF PERIOD $ 96,887 $ 86,211