v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net income $ 54,918 $ 47,051
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation 2,980 2,946
Provision for credit losses 3,708 9,800
Amortization of loan servicing rights 209 210
Loans originated for sale, including participations (10,098) (8,456)
Net gain on sales of loans (348) (246)
Proceeds from sale of loans, including participations 9,418 8,688
Net (gain) loss on sales of premises and equipment 17 1
Net securities amortization 1,769 2,013
Stock based compensation expense 4,430 2,568
Earnings on life insurance (2,593) (1,362)
Gain on life insurance (172) 0
Tax expense of stock award issuances 73 136
Net change:    
Interest receivable and other assets (3,893) (4,215)
Interest payable and other liabilities (1,375) (14,038)
Total adjustments 4,125 (1,955)
Net cash from operating activities 59,043 45,096
Cash flows from investing activities:    
Proceeds from maturities, calls and principal paydowns of securities available-for-sale 38,130 31,253
Purchases of securities available-for-sale (20,463) (32,835)
Purchase of life insurance (195) (12,765)
Net (increase) decrease in total loans (206,381) (138,087)
Proceeds from sales of land, premises and equipment 2 0
Purchases of land, premises and equipment (9,961) (3,907)
Proceeds from life insurance 524 0
Net cash from investing activities (198,344) (156,341)
Cash flows from financing activities:    
Net increase (decrease) in total deposits 356,218 275,867
Net increase (decrease) in other borrowings (13,000) 5,000
Net proceeds from (payments on) short-term FHLB borrowings (100,000) 0
Proceeds from long-term FHLB borrowings 0 1,200
Common dividends paid (26,248) (25,711)
Preferred dividends paid (13) (13)
Payments related to equity incentive plans (1,344) (1,493)
Purchase of treasury stock (23,862) (2,005)
Sale of treasury stock 358 375
Net cash from financing activities 192,109 253,220
Net change in cash and cash equivalents 52,808 141,975
Cash and cash equivalents at beginning of the period 141,318 168,205
Cash and cash equivalents at end of the period 194,126 310,180
Cash paid during the period for:    
Interest 71,968 82,210
Income taxes 14,165 11,986
Supplemental non-cash disclosures:    
Right-of-use assets obtained in exchange for lease liabilities $ 0 $ 20