v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
OPERATING ACTIVITIES    
Net Income $ 55,378 $ 41,150
Adjustments to reconcile net income to cash provided by (used in) operating activities:    
Provision for credit loss expense 3,004 8,067
Depreciation and amortization of premises, equipment, and software 4,627 4,253
Amortization of intangible assets 0 168
Earnings from corporate owned life insurance (1,187) (1,393)
Net amortization on securities (5,846) (1,071)
Amortization/accretion related to purchase accounting (119) (127)
Current year tax liability (36,843) (986)
Net (gain) loss on securities transactions 9 (15)
Net gain on sale of loans originated for sale (1,457) (1,045)
Proceeds from sale of loans originated for sale 44,691 35,630
(Increase)/decrease in loans originated for sale (42,005) (35,225)
(Increase)/decrease in loans held for sale 43,569 0
Net gain on sale of bank premises and equipment (66) 15
Stock-based compensation expense 1,889 1,915
Increase in accrued interest receivable (1,743) (1,781)
Increase in accrued interest payable 361 387
Other, net (5,933) (9,756)
Net Cash Provided by Operating Activities 58,329 40,186
INVESTING ACTIVITIES    
Proceeds from maturities, calls and principal paydowns of available-for-sale debt securities 95,366 119,492
Purchases of available-for-sale debt securities (118,063) (131,408)
Net increase in loans (153,951) (170,255)
Proceeds from sale/redemptions of Federal Home Loan Bank stock 61,840 63,342
Purchases of Federal Home Loan Bank and other stock (61,575) (58,216)
Proceeds from sale of bank premises and equipment 99 31
Purchases of bank premises, equipment and software (4,345) (2,022)
Purchase of corporate owned life insurance (2) 0
Proceeds from redemption of corporate owned life insurance 0 1,006
Proceeds from sale of other real estate owned 0 16,130
Net Cash (Used in) Provided by Investing Activities (180,631) (161,900)
FINANCING ACTIVITIES    
Net increase in demand, money market, and savings deposits 84,211 86,424
Net (decrease) increase in time deposits 7,254 157,689
Net increase in Federal funds purchased and securities sold under agreements to repurchase 86,141 90,075
Increase in other borrowings 206,112 276,776
Repayment of other borrowings (224,200) (394,327)
Cash dividends (19,159) (17,690)
Treasury stock issued 85 58
Repurchase of common stock (2,780) 0
Net shares issued related to restricted stock awards (405) (121)
Net proceeds from exercise of stock options (9) (3)
Net Cash Provided by (Used in) Financing Activities 137,250 198,881
Net Increase in Cash and Cash Equivalents 14,948 77,167
Cash and cash equivalents, beginning of the period 132,817 134,398
Total Cash and Cash Equivalents at End of Period 147,765 212,551
Supplemental Information:    
Cash paid during the year for - Interest 62,521 66,051
Cash paid during the year for - Taxes 54,350 13,755
Transfer of loans to other real estate owned 154 0
Transfer of loans to other assets 0 12,674
Right-of-use assets obtained in exchange for new lease liabilities $ 16 $ 1,724