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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash Flow from Operating Activities:    
Net income $ 55,339 $ 47,941
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 4,200 2,000
Depreciation and amortization 7,840 3,194
Change in deferred taxes (652) (2,260)
Share-based compensation 1,595 1,402
Loans originated for sale (95,744) (182,793)
Proceeds from sales of loans held for sale 95,159 188,347
Gains on sales of loans held for sale (3,756) (1,738)
Net losses on sales and redemptions of securities available for sale 7 2
Increase in cash surrender value of life insurance (1,540) (1,449)
Gains on life insurance benefits (639) (143)
Change in interest receivable 3,477 5,114
Change in interest payable (2,798) 350
Other adjustments (788) (1,119)
Net cash provided by operating activities 61,700 58,848
Cash Flows from Investing Activities:    
Net change in interest-bearing deposits (32,643) 25,583
Purchases of:    
Securities available for sale (5,906) (32,231)
Proceeds from maturities and redemptions of:    
Securities available for sale 10,535 9,415
Securities held to maturity 24,729 20,006
Change in Federal Home Loan Bank stock (3,316) 11
Payment of capital calls to qualified affordable housing investments (12,213) (7,975)
Net change in loans (139,975) 56,511
Proceeds from the sale of other real estate owned 228 78
Proceeds from life insurance benefits 2,167 1,865
Proceeds from commercial portfolio loan sale 0 3,273
Other adjustments (4,024) 6,344
Net cash provided (used) by investing activities (160,418) 82,880
Net change in:    
Demand and savings deposits 75,609 (30,726)
Certificates of deposit and other time deposits (135,257) 93,857
Borrowings 455,834 60
Repayment of borrowings (270,975) (167,182)
Cash dividends on preferred stock (469) (469)
Cash dividends on common stock (20,487) (20,157)
Stock issued under employee benefit plans 173 186
Stock issued under dividend reinvestment and stock purchase plans 566 542
Stock options exercised 126 0
Repurchase of common stock (7,905) (29,974)
Net cash provided (used) by financing activities 97,215 (153,863)
Net Change in Cash and Cash Equivalents (1,503) (12,135)
Cash and Cash Equivalents, January 1 87,616 112,649
Cash and Cash Equivalents, March 31 86,113 100,514
Additional cash flow information:    
Interest paid 95,046 108,487
Income tax paid (refunded) (1,296) (1)
Loans transferred to other real estate owned 246 127
Non-cash investing activities using trade date accounting 15,743 41,719
ROU assets obtained in exchange for new operating lease liabilities $ 161 $ 3,343