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CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash flows from operating activities:    
Net income $ 73,455 $ 69,288
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation 4,449 4,475
Provision for credit losses 11,800 13,059
Amortization of loan servicing rights 337 373
Loans originated for sale, including participations (14,891) (14,399)
Net gain on sales of loans (425) (342)
Proceeds from sale of loans, including participations 16,165 12,657
Net gain on Visa shares 0 (8,996)
Net (gain) loss on sales of premises and equipment 29 74
Net (gain) loss on sales and calls of securities available-for-sale 0 46
Net securities amortization 3,043 3,638
Stock based compensation expense 6,114 3,135
Earnings on life insurance (2,929) (2,994)
Gain on life insurance (219) (243)
Tax expense (benefit) of stock award issuances 136 (208)
Net change:    
Interest receivable and other assets 1,497 4,749
Interest payable and other liabilities (17,397) (20,515)
Total adjustments 7,709 (5,491)
Net cash from operating activities 81,164 63,797
Cash flows from investing activities:    
Proceeds from sale of securities available-for-sale 0 7,136
Proceeds from sale of Visa shares 0 8,996
Proceeds from maturities, calls and principal paydowns of securities available-for-sale 48,135 44,569
Purchases of securities available-for-sale (60,304) 0
Purchase of life insurance (12,813) (282)
Net (increase) decrease in total loans (160,263) (166,860)
Proceeds from sales of land, premises and equipment 1 8
Purchases of land, premises and equipment (8,918) (6,645)
Proceeds from life insurance 0 536
Net cash from investing activities (194,162) (112,542)
Cash flows from financing activities:    
Net increase (decrease) in total deposits 123,352 116,788
Net increase (decrease) in short-term borrowings 0 30,000
Proceeds from short-term FHLB borrowings 55,000 0
Proceeds from long-term FHLB borrowings 1,200 0
Net payments on short-term FHLB borrowings 0 (50,000)
Common dividends paid (38,563) (36,953)
Preferred dividends paid (13) (13)
Payments related to equity incentive plans (1,493) (2,596)
Purchase of treasury stock (2,229) (506)
Sale of treasury stock 375 391
Net cash from financing activities 137,629 57,111
Net change in cash and cash equivalents 24,631 8,366
Cash and cash equivalents at beginning of the period 168,205 151,824
Cash and cash equivalents at end of the period 192,836 160,190
Cash paid during the period for:    
Interest 122,392 140,912
Income taxes 13,986 17,100
Supplemental non-cash disclosures:    
Right-of-use assets obtained in exchange for lease liabilities $ 926 $ 2,699