v3.26.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Operating Activities:    
Net income $ 27,355 $ 31,037
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization/accretion 929 2,009
Reversal of Provision for Credit Losses (300) (550)
Net amortization of deferred loan fees (67) (83)
Stock option compensation expense 225 300
Bank owned life insurance gains 0 (102)
Income taxes payable (receivable) 6,123 5,538
Net changes in:    
Interest income receivable 381 2,483
Equity securities held for trading 247 0
Net deferred tax asset 4,171 5,263
Other assets (1,496) 827
Interest expense payable 130 155
Other liabilities 1,907 (4,649)
Net Cash Provided by Operating Activities 39,739 42,394
Investing Activities:    
Net repayments of loans 30,089 48,871
Proceeds from bank owned life insurance policies 0 506
Purchases of debt securities available for sale (333,409) (38,994)
Proceeds from maturity/calls of debt securities available for sale 183,592 241,235
Proceeds from maturity/calls of debt securities held to maturity 21,868 6,864
Purchases of premises and equipment (1,015) (199)
Net Cash (Used in) Provided by Investing Activities (98,875) 258,283
Financing Activities:    
Net change in deposits (56,267) (137,755)
Net change in short-term borrowings 7,158 (7,103)
Retirement of common stock (51,003) (18,225)
Common stock dividends paid (11,269) (11,752)
Net Cash Used in Financing Activities (111,381) (174,835)
Net Change in Cash and Due from Banks (170,517) 125,842
Cash and Due from Banks at Beginning of Period 567,801 601,494
Cash and Due from Banks at End of Period 397,284 727,336
Supplemental Cash Flow Disclosures:    
Right-of-use assets acquired in exchange for operating lease liabilities 335 3,494
Securities purchases pending settlement 2,217 0
Supplemental disclosure of cash flow activities:    
Cash paid for amounts included in operating lease liabilities 1,675 1,636
Interest paid for the period $ 3,165 $ 3,241