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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities    
Net earnings $ 8,623 $ 6,681
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation 1,121 1,025
Amortization 173 177
Deferred taxes 29 0
Premium amortization, net of discount accretion 31 435
Gain on sale of loans (140) (272)
Reversal of provision for credit losses (300) (250)
Origination of loans held for sale (5,178) (7,798)
Proceeds from loans held for sale 5,311 8,172
Net loss (gain) on sale of premises, equipment, other real estate owned and other assets 203 (11)
Stock based compensation 112 138
Net change in accrued interest receivable and other assets 785 (8,627)
Net change in accrued interest payable and other liabilities 1,946 1,450
Net cash provided by operating activities 12,716 1,120
Securities available for sale:    
Purchases (30,928) (439,214)
Proceeds from maturities and principal repayments 14,841 404,493
Securities held to maturity:    
Proceeds from maturities and principal repayments 29,258 39,806
Net repayments of loans 23,001 42,173
Purchases of premises and equipment (209) (997)
Proceeds from sale of premises, equipment, other real estate owned and other assets 971 124
Net cash provided by investing activities 36,934 46,385
Cash flows from financing activities    
Net change in deposits 12,173 (5,402)
Net change in securities sold under agreements to repurchase 16,627 13,886
Proceeds from FHLB advances 0 590,000
Repayment of FHLB advances 0 (655,000)
Proceeds from line of credit 2,000 0
Repayment of line of credit (2,000) (4,500)
Purchase of treasury stock (5,173) (335)
Exercise of stock options 1,316 69
Cash dividends paid (2,744) (2,654)
Net cash provided by (used in) financing activities 22,199 (63,936)
Net change in cash and cash equivalents 71,849 (16,431)
Cash and cash equivalents at beginning of period 145,964 89,524
Cash and cash equivalents at end of period 217,813 73,093
Supplemental disclosures of cash flow information    
Interest paid 13,619 16,849
Supplemental schedule of noncash investing and financing activities    
Cash dividends accrued 2,840 2,769
Transfer of loans to other real estate owned and repossessed assets $ 0 $ 14,946