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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 66,131 $ 54,575 $ 58,020
Adjustments to reconcile net income to net cash provided by operations:      
Provision for credit loss expense 8,855 9,222 5,993
Depreciation and amortization of premises and equipment, operating leases assets, core deposit intangible, and mortgage servicing rights 10,906 8,269 7,739
Net accretion of securities, deferred loan fees and costs, net yield and credit mark on acquired loans, and unearned income (12,927) (4,585) (3,158)
Net amortization of deferred costs on borrowings 304 303 303
Deferred tax (benefit) expense 5,068 (1,183) 1,111
Net realized gains on sales of available-for-sale securities (1,168) (74) (52)
Net realized and unrealized losses (gains) on equity securities (1,262) (754) 387
Losses (gains) on sale of loans held for sale 1,254 (770) (447)
Net (gains) losses on dispositions of premises and equipment and foreclosed assets (160) 53 27
Proceeds from sale of loans receivable 29,875 27,934 16,263
Origination of loans held for sale (31,015) (28,451) (17,874)
Income on bank owned life insurance (4,770) (3,110) (2,945)
Gain on bank owned life insurance (death benefit proceeds in excess of cash surrender value) 1,211 0 0
Restricted stock compensation expense 2,669 2,225 1,688
Stock-based contribution expense 0 0 55
Changes in:      
Accrued interest receivable and other assets 1,806 389 (5,894)
Accrued interest payable, lease liabilities, and other liabilities (11,794) 7,469 (14,193)
NET CASH PROVIDED BY OPERATING ACTIVITIES 64,983 71,512 47,023
CASH FLOWS FROM INVESTING ACTIVITIES:      
Proceeds from maturities, prepayments and calls of available-for-sale securities 126,236 65,457 42,726
Proceeds from sales of available-for-sale securities 340,966 806 13,151
Proceeds from sale of equity securities 1,164 0 296
Purchase of available-for-sale securities (335,820) (190,849) (19,253)
Proceeds from maturities, prepayments and calls of held-to-maturity securities 64,877 83,883 16,806
Purchase of equity securities (311) (401) (369)
Proceeds from loans held for sale previously classified as portfolio loans 71,000 11,182 4,994
Net increase in loans receivable (275,994) (155,115) (197,594)
Proceeds from death benefit of bank owned life insurance policies 2,471 0 0
Net cash from business combinations 27,403 0 0
Redemption (purchase) of FHLB, other equity, and restricted equity interests 6,373 (10,691) 704
Purchase of premises and equipment (6,332) (16,284) (10,847)
Proceeds from the sale of premises and equipment and foreclosed assets 5,611 8,732 52
Purchase of other intangibles 0 0 (125)
NET CASH USED BY INVESTING ACTIVITIES 27,644 (203,280) (149,459)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Net increase in checking, money market and savings accounts 317,629 156,248 316,280
Net (decrease) increase in certificates of deposit (29,570) 216,366 60,033
Purchase of treasury stock (333) (643) (6,724)
Cash dividends paid, common stock (18,190) (14,912) (14,694)
Cash dividends paid, preferred stock (4,302) (4,302) (4,302)
Net decrease in short-term borrowings (273,000) 0 (132,396)
NET CASH PROVIDED BY FINANCING ACTIVITIES (7,766) 352,757 218,197
NET INCREASE IN CASH AND CASH EQUIVALENTS 84,861 220,989 115,761
CASH AND CASH EQUIVALENTS, Beginning 443,035 222,046 106,285
CASH AND CASH EQUIVALENTS, Ending 527,896 443,035 222,046
Cash paid during the period for:      
Interest 150,137 134,399 102,156
Income taxes 10,649 12,908 12,006
SUPPLEMENTAL NONCASH DISCLOSURES:      
Transfers to other real estate owned 505 1,453 874
Transfers from loans held for sale to loans held for investment 317 1,394 1,666
Transfers from loans held for investment to loans held for sale 385 438 166
Grant of restricted stock awards from treasury stock 2,683 3,025 2,743
Grant of performance based restricted stock awards from treasury stock 167 179 111
Restricted stock forfeiture 409 360 134
Contribution of stock from treasury stock 0 0 81
Lease liabilities arising from obtaining operating right-of-use assets 1,198 4,084 5,001
Lease liabilities arising from obtaining finance right-of-use assets $ 2,970 $ 14,951 $ 0