v3.26.3
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Cash flows from operating activities:    
Net income $ 50,568 $ 45,572
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 3,775 3,544
Amortization of right-of-use asset 4,944 4,992
Net gain on sale of other real estate owned (17) (40)
Writedown of other real estate owned 60 547
Net gain on sale of building 0 0
Provision for credit losses 2,450 1,200
Deferred tax expense 737 2,812
Net amortization of securities 550 680
Stock based compensation expense 1,425 925
Net gain on sale of bank premises and equipment (20) 0
Net gain on securities transactions (900)  
Decrease (Increase) in taxes receivable 2,406 (5,732)
Increase in interest receivable (1,705) (1,362)
Decrease in interest payable (148) (301)
Increase in other assets (1,798) (2,159)
Decrease in operating lease liabilities (5,337) (5,635)
Increase (decrease) in accrued expenses and other liabilities 3,358 (3,910)
Total adjustments 9,780 (4,439)
Net cash provided by operating activities 60,348 41,133
Cash flows from investing activities:    
Proceeds from sales, paydowns and calls of securities available for sale 39,427 54,469
Proceeds from paydowns of held to maturity securities 680 746
Purchases of securities available for sale (59,847) (76,113)
Proceeds from maturities of securities available for sale 25,000 70,050
Purchases of Federal Home Loan Bank stock (155) (94)
Net increase in loans (201,746) (93,367)
Proceeds from sale of securities transactions 900  
Proceeds from dispositions of other real estate owned 245 531
Proceeds from dispositions of bank premises and equipment 74 0
Purchases of bank premises and equipment (5,388) (9,480)
Net cash used in investing activities (200,810) (53,258)
Cash flows from financing activities:    
Net increase in deposits 126,801 90,290
Net change in short-term borrowings (21,946) 12,968
Stock based award tax withholding payments 0 (11)
Purchases of treasury stock (77,429) (16,871)
Dividends paid (20,075) (20,507)
Net cash provided by financing activities 7,351 65,869
Net (decrease) increase in cash and cash equivalents (133,111) 53,744
Cash and cash equivalents at beginning of period 730,427 641,812
Cash and cash equivalents at end of period 597,316 695,556
Cash paid during the year for:    
Interest paid 66,351 68,385
Income taxes paid 14,137 14,368
Other non cash items:    
Transfer of loans to other real estate owned 77 98
(Decrease) increase in dividends payable (195) 254
Change in unrealized (loss) gain on securities available for sale-gross of deferred taxes (11,284) 10,747
Change in deferred tax effect on unrealized loss (gain) on securities available for sale 2,922 (2,790)
Amortization of net actuarial gain and prior service cost on pension and postretirement plans (2,142) (1,542)
Change in deferred tax effect of amortization of net actuarial gain postretirement benefit plans $ 556 $ 401