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CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities:    
Net income $ 20,085 $ 23,401
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation 1,479 1,534
Provision for credit losses 6,800 1,520
Amortization of loan servicing rights 106 109
Loans originated for sale, including participations (2,533) (4,535)
Net gain on sales of loans (85) (108)
Proceeds from sale of loans, including participations 2,986 4,112
Net (gain) loss on sales of premises and equipment 0 13
Net (gain) loss on sales and calls of securities available-for-sale 0 46
Net securities amortization 1,000 1,264
Stock based compensation expense 2,232 880
Earnings on life insurance (322) (1,036)
Gain on life insurance 0 (243)
Tax expense (benefit) of stock award issuances 136 (201)
Net change:    
Interest receivable and other assets (2,754) 3,298
Interest payable and other liabilities (206) (5,260)
Total adjustments 8,839 1,393
Net cash from operating activities 28,924 24,794
Cash flows from investing activities:    
Proceeds from sale of securities available-for-sale 0 7,136
Proceeds from maturities, calls and principal paydowns of securities available-for-sale 14,655 13,537
Purchases of securities available-for-sale (22,210) 0
Purchase of life insurance (211) (193)
Net (increase) decrease in total loans (105,600) (81,337)
Proceeds from sales of land, premises and equipment 0 3
Purchases of land, premises and equipment (1,787) (1,541)
Proceeds from life insurance 0 536
Net cash from investing activities (115,153) (61,859)
Cash flows from financing activities:    
Net increase (decrease) in total deposits 59,228 (102,440)
Proceeds from long-term FHLB borrowings 1,200 0
Proceeds from short-term FHLB borrowings 107,000 150,000
Common dividends paid (12,847) (12,299)
Payments related to equity incentive plans (1,493) (2,516)
Purchase of treasury stock (215) (208)
Sale of treasury stock 375 391
Net cash from financing activities 153,248 32,928
Net change in cash and cash equivalents 67,019 (4,137)
Cash and cash equivalents at beginning of the period 168,205 151,824
Cash and cash equivalents at end of the period 235,224 147,687
Cash paid during the period for:    
Interest 37,998 49,988
Supplemental non-cash disclosures:    
Right-of-use assets obtained in exchange for lease liabilities, net $ 20 $ 0