v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income $ 32,094 $ 31,902
Adjustments to Reconcile Net Income to Cash Provided by Operating Activities:    
Provision for Credit Losses 1,631 1,388
Depreciation 3,649 3,676
Amortization of Premiums, Discounts and Fees, net 1,503 2,272
Amortization of Intangible Asset 0 80
Originations of Loans Held-for-Sale (222,589) (218,167)
Proceeds From Sales of Loans Held-for-Sale 221,097 232,204
Mortgage Banking Revenues (8,912) (8,010)
Net (Additions) Deletions for Capitalized Mortgage Servicing Rights (3) 44
Stock Based Compensation 916 925
Net Tax Benefit from Stock Based Compensation (132) (154)
Deferred Income Taxes 1,109 1,391
Net Change in Operating Leases (10) (33)
Net Gain on Sales and Write-Downs of Other Real Estate Owned (334) (4,514)
Gain from Insurance Claim on Premises (453) 0
Net (Increase) Decrease in Other Assets (2,334) 5,124
Net Increase in Other Liabilities 1,468 6,363
Net Cash Provided By Operating Activities 28,700 54,491
Securities Held to Maturity:    
Purchases (79,337) (47,841)
Proceeds from Payments, Maturities, and Calls 152,205 152,124
Securities Available for Sale:    
Purchases (271,711) (155,436)
Proceeds from Payments, Maturities, and Calls 56,081 32,471
Equity Securities:    
Purchases (110) (60)
Net Decrease in Equity Securities 111 94
Purchases of Loans Held for Investment (269) (304)
Proceeds from Sales of Loans 34,982 25,696
Net Decrease (Increase) in Loans Held for Investment 4,086 (4,047)
Purchase of Bank Owned Life Insurance (6,000) 0
Proceeds from Insurance Claims on Premises 453 0
Proceeds From Sales of Other Real Estate Owned 2,226 7,341
Purchases of Premises and Equipment (6,590) (4,222)
Net Cash (Used In) Provided By Investing Activities (113,873) 5,816
CASH FLOWS FROM FINANCING ACTIVITIES    
Net Increase in Deposits 58,697 32,876
Net (Decrease) Increase in Short-Term Borrowings (3,185) 6,237
Principal Payments of Subordinated Notes (9,279) (10,305)
Dividends Paid (9,246) (8,186)
Payments to Repurchase Common Stock (2,639) 0
Proceeds from Issuance of Common Stock Under Purchase Plans 587 619
Net Cash Provided By Financing Activities 34,935 21,241
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (50,238) 81,548
Cash and Cash Equivalents at Beginning of Period 529,971 391,854
Cash and Cash Equivalents at End of Period 479,733 473,402
Supplemental Cash Flow Disclosures:    
Interest Paid 16,397 16,543
Federal Income Taxes Paid 5,250 2,600
State and Local Income Taxes Paid:    
Florida 1,585 395
All Other 112 225
Supplemental Noncash Items:    
Loans and Premises Transferred to Other Real Estate Owned 3,380 2,592
Loans Transferred from Held for Investment to Held for Sale, net $ 37,161 $ 22,232