v3.26.1
Condensed Consolidated Statements of Cash Flows - USD ($)
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operating Activities    
Net income $ 51,076,000 $ 44,587,000
Items not requiring (providing) cash    
Provision for credit losses 1,307,000 3,838,000
Depreciation and amortization 5,376,000 4,894,000
Share based compensation 1,084,000 846,000
Amortization of mortgage servicing rights 1,104,000 1,025,000
Net (accretion of discounts) or amortization of premiums on securities (1,568,000) 3,691,000
Purchases of securities held for trading (9,633,000) 0
Proceeds from maturities, calls and principal repayments of securities, held for trading 9,702,000 0
Loss on sale of investment securities 0 407,000
Gain on sale of mortgage loans (2,666,000) (2,295,000)
Net gain on sale of portfolio loans 0 (7,000,000)
Proceeds from sales of loans 88,122,000 61,462,000
Loans originated for sale (92,508,000) (61,796,000)
Gain on cash value life insurance (678,000) (681,000)
Gain on other real estate owned (95,000) (69,000)
Net change in:    
Interest receivable (644,000) 17,000
Interest payable (2,030,000) 2,870,000
Other assets 3,230,000 4,799,000
Other liabilities 2,751,000 (21,850,000)
Net cash provided by operating activities 53,930,000 34,745,000
Investing Activities    
Purchases of securities available for sale (60,937,000) 0
Proceeds from sales of securities available for sale 0 4,132,000
Proceeds from maturities, calls and principal repayments of securities available for sale 42,119,000 1,140,000
Proceeds from maturities of securities held to maturity 0 40,647,000
Net change in interest-earning time deposits 0 735,000
Redemption of FHLB stock 38,295,000 8,414,000
Proceeds from sale of portfolio loans 0 54,990,000
Net change in loans (84,072,000) (122,916,000)
Proceeds on the sale of OREO and repossessed assets 1,771,000 510,000
Premises and equipment expenditures (1,889,000) (2,504,000)
Proceeds from bank owned life insurance 0 376,000
Net cash used in investing activities (64,713,000) (14,476,000)
Financing Activities    
Net change in deposits 124,807,000 99,105,000
Proceeds from borrowings 156,242,000 370,000,000
Repayment of borrowings (156,411,000) (632,005,000)
Net change in repurchase agreements (19,189,000) 5,178,000
Net settlement of share awards 0 (3,849,000)
Exercise of stock options 283,000 0
Dividends paid on common stock (16,459,000) (14,212,000)
Net cash provided by (used in) financing activities 89,273,000 (175,783,000)
Net Change in Cash and Cash Equivalents 78,490,000 (155,514,000)
Cash and Cash Equivalents, Beginning of Period 139,459,000 293,431,000
Cash and Cash Equivalents, End of Period 217,949,000 137,917,000
Additional Supplemental Information    
Interest paid 51,458,000 70,160,000
Income taxes paid 254,000 12,300,000
Transfer of loans to other real estate and repossessed assets 4,918,000 1,912,000
Transfer of held to maturity securities to available for sale 0 4,539,000
Cash dividends declared, not paid $ 8,255,000 $ 7,090,000