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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 18,406 $ 10,924
Adjustments to reconcile net income to net cash provided by operating activities:    
Net amortization of premiums and discounts on investments 1,050 1,204
Provision for credit losses 1,950 1,800
Depreciation and amortization 3,257 1,655
Restricted stock compensation 233 240
Gain on sale of mortgage loans (225) (176)
(Gain) Loss on sale of other real estate (2) (7)
Other, net (3,612) (3,204)
NET CASH FROM OPERATING ACTIVITIES 21,057 12,436
CASH FLOWS FROM INVESTING ACTIVITIES:    
Calls, maturities and principal reductions on securities available-for-sale 26,968 25,187
Purchases of securities available-for-sale   (4)
Loans made to customers, net of repayment (16,795) (25,567)
Net change in federal funds sold 393 282
Redemption of restricted stock 48  
Purchase of restricted stock (21) (7)
Proceeds from sales of other real estate owned 2 70
Additions to premises and equipment (566) (964)
NET CASH FROM INVESTING ACTIVITIES 10,029 (1,003)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net change in deposits (78,863) 15,067
Net change in short-term borrowings (49,448) 21,652
Dividends paid (6,032) (5,304)
Purchase of treasury stock (795) (376)
Proceeds from other borrowings 350,000 750,000
Maturities of other borrowings (253,263) (800,000)
NET CASH FROM FINANCING ACTIVITIES (38,401) (18,961)
NET CHANGE IN CASH AND CASH EQUIVALENTS (7,315) (7,528)
CASH AND DUE FROM BANKS, BEGINNING OF PERIOD 93,526 76,759
CASH AND DUE FROM BANKS, END OF PERIOD $ 86,211 $ 69,231