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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Dec. 31, 2023
Cash Flows From Operating Activities:          
Consolidated Net Income $ 17,843 $ 20,455 $ 48,619 $ 55,219  
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:          
Provision for Credit Losses 1,665 604 4,161 4,364  
Depreciation and Amortization     3,693 3,546  
Net Accretion of Purchase Accounting Adjustments     (1,788) (6,159)  
Stock Based Compensation Cost     989 2,665  
Net Amortization of Securities     1,738 3,241  
Loss on Sales of Securities     14 62  
Gain on Sale of Loans     (2,299) (375)  
Income on Other Equity Securities     (1,723) (3,826)  
Gain on Sale of Other Real Estate Owned, Net of Writedowns     (49) (308)  
Increase in Cash Value of Life Insurance     (1,884) (1,675)  
Deferred Income Tax Expense     996 2,121  
Gain on Sale of Branch     0 (932)  
Changes in Assets and Liabilities:          
Increase in Accrued Interest Receivable     (2,631) (2,394)  
Increase in Other Assets     (4,339) (3,313)  
Increase (Decrease) in Accrued Interest Payable     (11,089) 9,096  
Increase in Other Liabilities     9,664 9,816  
Net Cash Provided by Operating Activities     44,072 71,148  
Cash Flows From Investing Activities:          
Purchases of Securities Available for Sale     (92,345) (46,211)  
Proceeds from Maturities / Sales of Securities Available for Sale     27,964 17,320  
Proceeds from Paydowns of Securities Available for Sale     52,011 42,688  
Net Cash Paid in Acquisition     (3,279) 0  
Net Cash Paid in Sale of Branch     0 (14,506)  
Purchases of Other Equity Securities     (4,539) (13,961)  
Redemption of Other Equity Securities     663 21,212  
Purchase of Life Insurance     (3,000) (2,273)  
Net Increase in Loans     (224,512) (307,487)  
Net Purchases of Premises and Equipment     (1,837) (5,718)  
Loss on Disposal of Premises and Equipment     7 0  
Proceeds from Sales of Other Real Estate     589 1,240  
Net Increase in Securities Purchased Under Agreements to Resell     (25,879) 0  
Net Increase in Federal Funds Sold     (18,846) (181,010)  
Net Cash Used in Investing Activities     (293,003) (488,706)  
Cash Flows From Financing Activities:          
Net Increase in Deposits     392,156 386,713  
Net Increase in Securities Sold Under Agreements to Repurchase     2,644 3,037  
Net Decrease in Federal Funds Purchased     0 (14,057)  
Net Advances (Repayments) on Federal Home Loan Bank Borrowings     156,004 (195,916)  
Net Proceeds (Repayments) on Bank Term Funding Program     (300,000) 300,000  
Repayment of Subordinated Debt     0 (8,900)  
Gain on Extinguishment of Debt     0 (1,458)  
Costs from Issuance of Common Stock     (31) 0  
Payment of Dividends on Preferred Stock     (4,051) (4,051)  
Payment of Dividends on Common Stock     (10,702) (9,089)  
Net Cash Provided by Financing Activities     236,020 456,279  
Net Increase (Decrease) in Cash and Cash Equivalents     (12,911) 38,721  
Cash and Cash Equivalents at Beginning of Period     226,110 152,740 $ 152,740
Cash and Cash Equivalents at End of Period 213,199 191,461 213,199 191,461 $ 226,110
Supplemental Disclosures for Cash Flow Information:          
Interest on Deposits     121,562 71,039  
Interest on Borrowings     26,495 17,158  
Income Tax Payments     11,101 9,489  
Supplemental Schedule for Noncash Investing and Financing Activities:          
Change in the Unrealized Gain (Loss) on Securities Available for Sale     25,902 (23,947)  
Change in the Unrealized Gain (Loss) on Equity Securities $ 0 $ (8) 14 (1,451)  
Change in Deferred Tax Effect on the Unrealized (Gain) Loss on Securities Available for Sale     (5,475) 5,366  
Transfer of Loans to Other Real Estate     $ 642 $ 1,118