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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net income $ 46,871 $ 38,178
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,983 1,897
Amortization of operating lease right-of-use assets 835 523
Deferred tax expense (benefit) (754) 251
Stock-based compensation 947 687
Provision for credit losses 5,662 5,628
Write-downs of other real estate owned and other repossessed assets 36 49
Gains on sale of mortgage loans held for sale (124) (164)
Securities gains (1) (1)
Fair value adjustments in equity securities (629) 104
Gains on sale of assets, net (111) (68)
Proceeds from sale of mortgage loans held for sale 4,582 6,160
Funding of mortgage loans held for sale (4,669) (6,260)
Amortization of securities premiums and discounts, net 1,219 1,257
Change in cash surrender value of bank owned life insurance (1,454) (2,492)
Payment of operating lease liabilities (824) (517)
Interest expense on finance lease liabilities 81 81
Fair value adjustments in mortgage servicing rights 311 (18)
Changes in:    
Accrued interest receivable 303 (867)
Other assets (1,567) (4,862)
Accrued interest payable 6,753 4,871
Other liabilities (6,937) 1,718
Net cash provided by operating activities 52,513 46,155
Securities available-for-sale (AFS):    
Purchase of AFS securities (52,375) (13,109)
Proceeds from sales of AFS securities 0 1,084
Proceeds from prepayments, calls, and maturities of AFS securities 135,548 79,134
Change in loans, net (219,569) (213,641)
Purchase of premises and equipment (4,437) (3,705)
Purchase of Federal Home Loan Bank stock (4,491) (4,423)
Proceeds from sale of other real estate owned and repossessed assets 375 298
Additional investment in other real estate owned and repossessed assets 0 (12)
Additional investment in bank owned life insurance (13,548) 0
Liquidation of cash surrender value of bank owned life insurance 438 1,806
Proceeds from settlement of bank owned life insurance 0 1,308
Net cash used in investing activities (158,059) (151,260)
Cash flows from financing activities:    
Change in deposits, net 162,819 9,176
Change in repurchase agreements and federal funds purchased, net (15,091) 2,331
Proceeds from Federal Home Loan Bank advances 100,000 100,000
Payments on advances from Federal Home Loan Bank (100,010) (100,010)
Payment of finance lease liabilities (79) (77)
Repayment of long-term debt/other borrowings (115) (111)
Issuance of common stock 732 572
Dividends paid (16,925) (16,515)
Net cash provided by (used in) financing activities 131,331 (4,634)
Net increase (decrease) in cash and cash equivalents 25,785 (109,739)
Cash and cash equivalents at beginning of period 369,505 271,400
Cash and cash equivalents at end of period 395,290 161,661
Supplemental disclosures:    
Income taxes paid 14,425 10,891
Interest paid 55,565 57,510
Non-cash activities:    
Loans to facilitate the sale of other real estate owned and repossessed assets 2,248 197
Common stock dividends accrued, paid in subsequent quarter 278 277
Real estate acquired in settlement of loans 3,733 474
Right-of-use assets obtained in exchange for new operating lease liabilities $ 1,719 $ 0