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 $ 39,044 $ 38,305
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation expense 2,072 1,535
Provision for credit losses 520 1,102
Net amortization of debt securities 47 1,409
Deferred income tax expense 8,755 1,091
Stock-based compensation 952 874
Net accretion of discount and deferred loan fees on loans (4,971) (3,801)
Net unrealized gain on equity securities (79) (31)
Net loss on disposals of bank premises and equipment 2 83
Net gain on sales of bank premises held for sale 0 (59)
Impairment losses on bank premises held for sale 210 50
Net gain on sales of foreclosed assets (52) (41)
Write-down of foreclosed assets 141 14
Amortization of intangibles 2,342 1,389
Decrease in fair value of mortgage servicing rights 554 1,059
Amortization of discount and issuance costs on subordinated notes and debentures 59 70
Amortization of discount on Federal Home Loan Bank advances 62 97
Amortization of premium on time deposits (856) 0
Mortgage loans originated for sale (31,720) (23,453)
Proceeds from sale of mortgage loans 30,156 23,434
Net gain on sale of mortgage loans (743) (711)
Increase in cash surrender value of bank owned life insurance (394) (331)
Decrease in accrued interest receivable 2,492 4,146
Decrease (increase) in other assets (245) 424
Decrease in other liabilities (2,611) (2,662)
Net cash provided by operating activities 45,737 43,993
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from sales of debt securities 313,077 0
Proceeds from sales and redemptions of equity securities 60 54
Proceeds from paydowns, maturities, and calls of debt securities 80,359 86,079
Purchase of debt securities (293,511) (125,579)
Purchase of equity securities (163) (34)
Purchase of loans 0 (9,782)
Net decrease in loans 3,903 129,077
Proceeds from redemption of restricted stock 4,230 107
Purchases of bank premises and equipment (4,271) (3,383)
Proceeds from sales of bank premises held for sale 0 186
Proceeds from sales of foreclosed assets 812 469
Net cash received in acquisition of CNB Bank Shares, Inc. 15,036 0
Proceeds from sale of brokerage operations acquired from CNB Bank Shares, Inc. 649 0
Net cash provided by investing activities 120,181 77,194
CASH FLOWS FROM FINANCING ACTIVITIES    
Net decrease in deposits (117,259) (11,723)
Net decrease in repurchase agreements (18,354) (28,413)
Proceeds from long-term Federal Home Loan Bank advances 0 1,800
Repayment of long-term Federal Home Loan Bank advances (71,839) (7,888)
Issuance of subordinated notes, net of issuance costs 83,997 0
Taxes paid related to the vesting of restricted stock units (644) (691)
Repurchase of common stock (16,159) (2,903)
Cash dividends and dividend equivalents paid (15,679) (13,319)
Net cash used in financing activities (155,937) (63,137)
NET INCREASE IN CASH AND CASH EQUIVALENTS 9,981 58,050
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 122,269 137,692
CASH AND CASH EQUIVALENTS AT END OF PERIOD 132,250 195,742
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Cash paid for interest 34,107 29,168
Net cash paid for income taxes:    
Federal 5,998 9,150
Total 9,333 14,145
SUPPLEMENTAL DISCLOSURES OF NONCASH INVESTING ACTIVITIES    
Transfers of loans to foreclosed assets 541 965
Transfers of bank premises and equipment to bank premises held for sale 337 0
Illinois    
Net cash paid for income taxes:    
State 2,900 4,650
Other states    
Net cash paid for income taxes:    
State $ 435 $ 345