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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating activities    
Net income $ 51,293 $ 50,689
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for (recapture of) credit losses on loans 8,700 11,160
Depreciation and amortization 7,330 7,395
Stock-based compensation expense 5,648 5,866
Pension expense (income) 2,275 1,475
Net amortization (accretion) on investment securities (321) 1,297
Net (gain) loss on investment securities 9,949 5,187
Originations of loans held for sale (88,012) (80,504)
Net gains from sales of loans held for sale (4,322) (3,784)
Proceeds from sales of loans held for sale 87,588 81,967
Deferred income taxes 31,863 12,828
Operating Lease, Right-of-Use Asset, Amortization Expense 2,013 2,044
Payments for operating leases (2,096) (2,121)
Decrease (increase) cash surrender value of life insurance 1,305 1,055
Decrease (increase) in interest receivable (1,438) (2,668)
(Decrease) increase in interest payable 1,511 (3,284)
Decrease (increase) in other assets 71,669 (25,049)
(Decrease) increase in other liabilities (126,228) (29,512)
Net cash provided by (used in) operating activities 56,117 31,931
Investing activities    
Proceeds from Sale of Debt Securities, Available-for-sale 164,535 211,959
Proceeds from calls, paydowns and maturities of securities available-for-sale 139,550 123,893
Payments to Acquire Debt Securities, Available-for-sale 342,248 127,529
Proceeds from calls, paydowns and maturities of securities held-to-maturity 554 849
Proceeds from Sale of Other Investments 0 11,559
Proceeds from Maturities, Prepayments and Calls of Other Investments 13,277 4,873
Payments to Acquire Other Investments 19,541 9,704
Net decrease (increase) in interest-bearing deposits with other banks 96,879 41,670
Net decrease (increase) in loans and leases 27,049 (189,224)
Purchases of premises and equipment (3,750) (7,122)
Net change in operating leases (4,529) (8,259)
Cash consideration 0 (96,887)
Payment to Acquire Life Insurance Policy, Investing Activities (72) 0
Proceeds from Life Insurance Policy 915 592
Net cash provided by (used in) investing activities 72,619 (43,330)
Financing activities    
Net (decrease) increase in total deposits (132,182) 96,351
Net (decrease) increase in short-term borrowings 44,340 (75,669)
Payments of long-term debt 1,546 1,067
Cash dividends paid on common stock (22,996) (21,868)
Net cash provided by (used in) financing activities (112,384) (2,253)
Cash and due from banks:    
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 16,352 (13,652)
Cash and due from bank at beginning of period 174,258 213,059
Cash and due from bank at end of period 190,610 199,407
Supplemental Disclosures    
Interest Paid 89,612 95,230
Income Taxes Paid 109 14
Noncash or Part Noncash Acquisition, Investments Acquired 17,259 55,965
Supplemental schedule for investing activities    
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Assets, Net Of Purchase Consideration 0 914
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities 0 2,702
Goodwill $ 0 $ 1,788