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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net Income $ 47,275 $ 60,672 $ 71,109
Adjustments to reconcile net income to net cash provided by operating activities:      
Net amortization (accretion) of premiums and discounts on investments 4,560 5,057 6,551
Provision for credit losses 16,166 7,295 (2,025)
Securities (gains)/losses (103) 1 (3)
Depreciation and amortization 9,946 6,530 6,111
Provision for deferred income taxes 3,280 (472) (3,150)
Net change in accrued interest receivable (2,057) (3,589) (4,342)
Contribution of shares to ESOP 1,665 1,518 1,451
Restricted stock compensation 1,334 895 825
Gain on sale of mortgage loans (1,153) (966) (1,994)
(Gain) Loss on sale of other real estate (55) 31 55
Origination of loans held for sale (42,148) (31,498) (65,412)
Proceeds from loans held for sale 43,108 31,611 69,946
Other, net (21,452) 9,005 (335)
NET CASH FROM OPERATING ACTIVITIES 60,366 86,090 78,787
CASH FLOWS FROM INVESTING ACTIVITIES:      
Proceeds from sales of securities available-for-sale 50,662    
Calls, maturities and principal reductions on securities available-for-sale 113,030 111,541 179,597
Purchases of securities available-for-sale (40,098) (30,460) (345,201)
Proceeds from loans sold previously classified as portfolio loans     12,802
Loans made to customers, net of repayment (210,144) (106,031) (271,503)
Net change in federal funds sold (538) 9,092 (9,066)
Redemption of restricted stock 763 40 1,871
Purchase of restricted stock (2,228) (26) (1,049)
Cash received (disbursed) from acquisitions, net 28,152    
Proceeds from sales of other real estate owned 390 287 286
Additions to premises and equipment (6,108) (6,541) (1,426)
NET CASH FROM INVESTING ACTIVITIES (66,119) (22,098) (433,689)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Net change in deposits 6,562 (278,199) (39,547)
Net change in short-term borrowings 119,836 (3,654) (22,499)
Dividends paid (21,248) (15,383) (14,459)
Purchase of treasury stock (376) (11,514) (27,701)
Proceeds from other borrowings 1,525,000 2,080,000  
Maturities of other borrowings (1,607,254) (1,981,000) (6,402)
NET CASH FROM FINANCING ACTIVITIES 22,520 (209,750) (110,608)
NET CHANGE IN CASH AND CASH EQUIVALENTS 16,767 (145,758) (465,510)
CASH AND DUE FROM BANKS, BEGINNING OF PERIOD 76,759 222,517 688,027
CASH AND DUE FROM BANKS, END OF PERIOD 93,526 76,759 222,517
SUPPLEMENTAL DISCLOSURES OF CASH FLOW AND NONCASH INFORMATION:      
Interest 88,545 59,031 18,463
Income Taxes $ 10,480 $ 11,350 $ 13,525