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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:      
Net income $ 88,457 $ 88,314 $ 75,090
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for credit losses 0 9,407 6,450
Depreciation and amortization 2,937 2,491 2,428
Net (accretion) amortization of securities premiums and discounts (1,381) (109) 376
Increase in cash surrender value of BOLI (2,430) (2,027) (2,233)
Gain on BOLI death benefit (4) (4,346) 0
Decrease (Increase) in deferred income taxes, net 8,128 (5,603) 4,330
Net realized (gain) loss on sale of securities available-for-sale (743) 8,199 10,689
Net changes in:      
Other assets (6,729) (16,792) (8,262)
Other liabilities 15,500 13,814 12,910
Net cash provided by operating activities 103,735 93,348 101,778
Cash flows from investing activities:      
Net increase in loans and leases held for investment (24,344) (156,433) (275,061)
Purchase of available-for-sale securities (389,349) (84,114) (10,217)
Purchase of held-to-maturity securities (4,218) (6,850) (173,907)
Proceeds from sales, maturities, calls and pay downs of available-for-sale securities 99,908 59,557 88,504
Proceeds from maturities, calls and pay downs of held-to-maturity securities 52,675 49,063 65,493
Purchase of bank-owned life insurance 0 (7,271) 0
Purchase of premises and equipment (2,399) (4,972) (4,190)
Purchase of other investments (16,050) (7,306) (6,600)
Redemption of other investments 5,917 0 0
Proceeds from bank-owned life insurance 3,280 11,751 606
Proceeds from sale of assets 0 27 73
Net cash used in investing activities (274,580) (146,548) (315,299)
Cash flows from financing activities:      
Net increase (decrease) in deposits 31,044 (91,174) 119,117
Cash dividends paid (13,017) (12,886) (12,489)
Net cash used in share repurchase of common stock (45,261) (20,355) (20,310)
Net used in financing activities (27,234) (124,415) 86,318
Net change in cash and cash equivalents (198,079) (177,615) (127,203)
Cash and cash equivalents, beginning of year 410,642 588,257 715,460
Cash and cash equivalents, end of year 212,563 410,642 588,257
Supplemental disclosures of cash flow information:      
Cash paid for interest 65,085 29,280 5,785
Income taxes paid 8,391 12,662 12,469
Supplemental disclosures of non-cash transactions:      
Net change in unrealized gains/(losses) on securities available-for-sale $ 9,716 $ (13,445) $ 28,326