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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Operating Activities    
Net income $ 44,587 $ 28,131
Items not requiring (providing) cash    
Provision for credit losses 3,838 3,174
Depreciation and amortization 4,894 5,170
Share based compensation 846 2,041
Amortization of mortgage servicing rights 1,025 942
Net amortization of premiums and discounts on securities 3,691 4,355
Loss on sale of investment securities 407 0
Gain on sale of mortgage loans (2,295) (1,522)
Gain on sale of portfolio loans (7,000) 0
Proceeds from sales of loans 61,462 52,329
Loans originated for sale (61,796) (52,396)
Gain on cash value life insurance (681) (616)
Gain on other real estate owned (69) (74)
Net change in:    
Interest receivable 17 (4,530)
Interest payable 2,870 (11,009)
Other assets 4,799 (8,855)
Other liabilities (21,850) 5,323
Net cash provided by operating activities 34,745 22,463
Investing Activities    
Proceeds from sales of securities available for sale 4,132 0
Proceeds from maturities, calls and principal repayments of securities available for sale 1,140 8,704
Purchases of securities held to maturity 0 (312)
Proceeds from maturities of securities held to maturity 40,647 38,317
Net change in interest-earning time deposits 735 490
Purchase of FHLB stock 0 (19,317)
Redemption of FHLB stock 8,414 0
Purchase of loans 0 (240,020)
Proceeds from sale of portfolio loans 54,990 0
Net change in loans (122,916) (166,999)
Proceeds on the sale of OREO and repossessed assets 510 748
Premises and equipment expenditures (2,504) (2,007)
Proceeds from bank owned life insurance 376 22,917
Net cash used in investing activities (14,476) (357,479)
Financing Activities    
Net change in deposits 99,105 (34,738)
Proceeds from borrowings 370,000 512,759
Repayment of borrowings (632,005) (500,615)
Net change in repurchase agreements 5,178 (7,860)
Net settlement of share awards (3,849) (768)
Dividends paid on common stock (14,212) (14,176)
Net cash used in financing activities (175,783) (45,398)
Net Change in Cash and Cash Equivalents (155,514) (380,414)
Cash and Cash Equivalents, Beginning of Period 293,431 526,515
Cash and Cash Equivalents, End of Period 137,917 146,101
Additional Supplemental Information    
Interest paid 70,160 94,687
Income taxes paid 12,300 8,000
Transfer of loans to other real estate and repossessed assets 1,912 915
Transfer of held to maturity securities to available for sale 4,539 0
Cash dividends declared, not paid $ 7,090 $ 0