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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net income $ 46,064 $ 44,490
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 1,700 0
Depreciation and amortization 1,530 1,443
Net accretion of securities premiums and discounts (560) (780)
Stock based compensation expense 5,192 0
(Increase)/decrease in cash surrender value of BOLI (1,230) 1,276
Decrease in deferred income taxes, net 1,125 7,854
Net changes in:    
Other assets 2,943 (6,714)
Other liabilities 4,246 7,526
Net cash provided by operating activities 61,010 55,095
Cash flows from investing activities:    
Net decrease (increase) in loans and leases held for investment 54,064 (27,594)
Purchase of available-for-sale securities (123,285) (83,361)
Purchase of held-to-maturity securities (6,351) (2,028)
Proceeds from sales, maturities, calls and pay downs of available-for-sale securities 24,099 11,667
Proceeds from maturities, calls and pay downs of held-to-maturity securities 26,867 25,054
Purchase of premises and equipment (3,266) (844)
Purchase of other investments (3,441) (11,227)
Redemption of other investments 0 5,000
Proceeds from sale of assets 60 0
Net cash used in investing activities (31,253) (83,333)
Cash flows from financing activities:    
Net increase/(decrease) in deposits 61,225 (71,040)
Cash dividends paid (6,481) (6,507)
Net cash used in share repurchase program (2,934) (8,921)
Purchase of treasury stock (2,378) 0
Net cash provided by (used in) financing activities 49,432 (86,468)
Net change in cash and cash equivalents 79,189 (114,706)
Cash and cash equivalents, beginning of period 212,563 410,642
Cash and cash equivalents, end of period 291,752 295,936
Supplemental disclosures of cash flow information:    
Cash paid for interest 32,930 34,423
Income taxes paid 10,002 7,349
Supplemental disclosures of non-cash transactions:    
Accrued cash dividend on restricted stock (287) 0
Net change in unrealized (losses)/gains on securities available-for-sale $ (8,935) $ 3,695