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CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net income $ 45,950 $ 38,889
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation 3,011 3,069
Provision for credit losses 10,000 5,150
Amortization of loan servicing rights 241 286
Loans originated for sale, including participations (8,177) (4,266)
Net gain on sales of loans (253) (127)
Proceeds from sale of loans, including participations 9,116 3,421
Net gain on Visa shares (9,011) 0
Net (gain) loss on sales of premises and equipment 55 (1)
Net (gain) loss on sales and calls of securities available-for-sale 46 (19)
Net securities amortization 2,393 2,369
Stock based compensation expense 1,875 (393)
Losses (earnings) on life insurance (1,926) (1,384)
Gain on life insurance (243) 0
Tax benefit of stock award issuances (208) (720)
Net change:    
Interest receivable and other assets 3,786 (1,411)
Interest payable and other liabilities (10,859) (7,958)
Total adjustments (154) (1,984)
Net cash from operating activities 45,796 36,905
Cash flows from investing activities:    
Proceeds from sale of securities available-for-sale 7,136 99,951
Proceeds from sale of Visa shares 7,358 0
Proceeds from maturities, calls and principal paydowns of securities available-for-sale 28,917 38,886
Proceeds from maturities, calls and principal paydowns of securities held-to-maturity 0 6
Purchases of securities available-for-sale 0 (4,314)
Purchase of life insurance (241) (191)
Net (increase) decrease in total loans (137,068) (157,846)
Proceeds from sales of land, premises and equipment 6 13
Purchases of land, premises and equipment (3,966) (3,823)
Purchase of Federal Home Loan Bank stock 0 (5,625)
Proceeds from life insurance 536 0
Net cash from investing activities (97,322) (32,943)
Cash flows from financing activities:    
Net increase (decrease) in total deposits 43,012 (37,561)
Net increase (decrease) in short-term borrowings 55,000 (22,000)
Proceeds from short-term FHLB borrowings 0 125,000
Net payments on short-term FHLB borrowings (50,000) 0
Common dividends paid (24,624) (23,529)
Preferred dividends paid (13) (13)
Payments related to equity incentive plans (2,596) (3,124)
Purchase of treasury stock (291) (285)
Sale of treasury stock 391 405
Net cash from financing activities 20,879 38,893
Net change in cash and cash equivalents (30,647) 42,855
Cash and cash equivalents at beginning of the period 151,824 130,282
Cash and cash equivalents at end of the period 121,177 173,137
Cash paid during the period for:    
Interest 94,597 57,011
Income taxes 11,680 7,125
Supplemental Cash Flow Elements [Abstract]    
Loans transferred to other real estate owned $ 0 $ 284