XML 28 R9.htm IDEA: XBRL DOCUMENT v3.25.0.1
Consolidated Statements Of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Operating Activities      
          Net Income Available to Common Shareholders $ 117,101,000 $ 114,365,000 $ 102,071,000
Adjustments to reconcile net income to net cash provided by operating activities:      
     Amortization and (accretion), net 8,984,000 6,165,000 10,451,000
     Provision for credit losses 1,820,000 3,243,000 474,000
     Depreciation of premises and equipment 4,215,000 4,556,000 5,325,000
     Deferred income tax expense (benefit) 381,000 (2,764,000) 1,469,000
     Net periodic employee benefit cost 62,000 52,000 256,000
     Unrealized and realized securities losses 2,650,000 4,476,000 1,581,000
     Stock-based compensation expense 3,522,000 3,213,000 3,276,000
Excess tax benefit from stock-compensation expense 387,000 228,000 (292,000)
     Increase in value of bank-owned life insurance (3,992,000) (6,037,000) (5,559,000)
      Loans originated for sale (10,107,000) (11,159,000) (31,150,000)
  Proceeds from the sale of loans originated for sale 10,221,000 11,306,000 31,475,000
Gain on sale of loans (114,000) (147,000) (325,000)
     Change in accrued interest receivable (360,000) (1,136,000) (2,660,000)
     Change in other assets 5,036,000 14,422,000 (20,643,000)
     Change in other liabilities (7,910,000) (3,203,000) 20,068,000
          Net Cash Provided by Operating Activities 131,896,000 137,580,000 115,817,000
Investing Activities      
Net increase in loans (147,840,000) (223,785,000) (102,991,000)
Purchases 294,934,000 93,681,000 519,262,000
Proceeds from sales 33,394,000 205,627,000 0
Proceeds from maturities and calls 169,200,000 119,090,000 210,912,000
Purchases (268,000) (8,029,000) (302,000)
Proceeds from sales 1,599,000 536,000 449,000
Proceeds from maturities and calls 0 780,000 0
Purchases of premises and equipment (2,706,000) (2,962,000) (2,141,000)
Proceeds from the disposals of premises and equipment 98,000 283,000 190,000
Proceeds from bank-owned life insurance policies 1,541,000 10,856,000 6,045,000
Payments for low income housing tax credits (12,344,000) (8,051,000) (3,352,000)
Acquisition of Citizens Commerce Bancshares, Inc. 0 14,016,000 0
          Net Cash (Used in) Provided by Investing Activities (252,260,000) 14,680,000 (410,452,000)
Financing Activities      
Net increase (decrease) in noninterest-bearing deposits 1,645,000 (68,906,000) (21,710,000)
Net increase (decrease) in interest-bearing deposits 208,353,000 (165,414,000) (33,677,000)
Net (decrease) increase in short-term borrowings (9,201,000) 37,392,000 (21,494,000)
Proceeds from long-term debt 50,000,000 100,000,000 0
Purchases of treasury stock (17,896,000) (60,134,000) (26,449,000)
Proceeds from exercise of stock options 694,000 0 798,000
Other financing activities (636,000) 1,071,000 (762,000)
Dividends paid (43,482,000) (39,993,000) (36,702,000)
Net Cash Provided by (Used in) Financing Activities 189,477,000 (195,984,000) (139,996,000)
         Increase (Decrease) in Cash and Cash Equivalents 69,113,000 (43,724,000) (434,631,000)
Cash and cash equivalents at beginning of period 156,276,000 200,000,000 634,631,000
Cash and Cash Equivalents at End of Period 225,389,000 156,276,000 200,000,000
Supplemental Cash Flow Information [Abstract]      
Interest paid 83,804,000 49,134,000 9,467,000
Income taxes paid 28,040,000 32,813,000 22,434,000
Goodwill 149,762,000 149,902,000 108,941,000
Core deposit intangible 10,282,000 12,666,000 6,793,000
Citizens Commerce Bancshares, Inc.      
Identifiable assets acquired (net of purchase consideration) 0 320,099,000 0
Liabilities assumed 0 307,617,000 0
Goodwill 0 40,821,000 0
Citizens Commerce Bancshares, Inc. | Core Deposits      
Core deposit intangible $ 0 $ 8,278,000 $ 0