XML 18 R7.htm IDEA: XBRL DOCUMENT v3.25.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Operating Activities    
Net Income $ 66,098 $ 74,637
Redemption Premium 0 369
Provision for credit losses 18,393 12,065
Deferred tax expense 518 3,180
Depreciation and amortization 2,941 2,229
Net gains on securities and other assets (6,345) (6,201)
Net amortization of premiums and discounts on securities 18 439
Income from increase in cash surrender value of bank owned life insurance (3,274) (2,583)
Increase in interest receivable (211) (64)
Mortgage loans originated for sale (125,825) (113,778)
Proceeds from sale of mortgage loans 130,480 89,278
(Decrease) increase in interest payable (1,221) 10,396
Increase (decrease) in income taxes payable 854 (53)
Increase (Decrease) in Other Operating Assets and Liabilities, Net (3,865) 7,576
Net cash provided by operating activities 86,291 62,338
Investing Activities    
Payments to Acquire Held-to-maturity Securities (127,860) (55,276)
Proceeds from maturities and redemptions of available-for-sale securities 69,862 69,598
Proceeds from maturities and redemptions of available-for-sale securities 120,778 79,606
Payments to Acquire Debt Securities, Available-for-Sale (111,514) (211,341)
Net cash received from business acquisition 4,672 0
Proceeds from Sale of Equity Securities, FV-NI 5,146 0
Proceeds from sale and maturity of held-to-maturity securities 35,183 20,195
Purchases of FHLB stock (30,615) (18,707)
Proceeds from the redemption of FHLB stock 23,099 45,143
Proceeds from Life Insurance Policy 2,485 1,617
Proceeds from Sale of Loans Receivable 38,073 43,046
Proceeds from sale of other assets 3,459 2,905
Net increase in loans and leases (323,303) (67,251)
Payments for Purchase of Other Assets (10,399) (8,395)
Net cash used in investing activities (300,934) (98,860)
Financing Activities    
Net increase (decrease) in other short-term borrowings 143,235 (60,222)
Net increase in deposits 148,613 216,636
Repayments of other long-term debt (20,680) (380)
Repayments of Long-term Capital Lease Obligations (300) (281)
Payments of Dividends (27,390) (26,063)
Purchase of treasury stock (2,315) (2,072)
Net cash provided by financing activities 241,400 77,822
Net increase in cash and cash equivalents 26,757 41,300
Cash and cash equivalents at January 1 133,409 146,993
Cash and cash equivalents at June 30 160,166 188,293
Repayments of Subordinated Debt 0 (50,000)
Proceeds from reissuance of treasury stock $ 237 $ 204