XML 20 R7.htm IDEA: XBRL DOCUMENT v3.25.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Statement of Cash Flows [Abstract]    
Net income $ 74,849 $ 66,267
Total provision for credit losses 10,955 7,163
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation of premises and equipment 2,438 2,100
Depreciation of equipment owned and leased to others 1,337 2,287
Stock-based compensation 2,755 2,525
(Accretion) amortization of investment securities premiums and discounts, net (1,551) 1,529
Amortization of mortgage servicing rights 350 369
Amortization of right of use assets 1,489 1,524
Deferred income taxes (9,496) 201
Losses on investment securities available-for-sale 997 0
Originations of loans held for sale, net of principal collected (27,577) (29,233)
Proceeds from the sales of loans held for sale 25,895 28,989
Net gain on sale of loans held for sale (83) (1,077)
Net gain on sale of other real estate and repossessions (57) (108)
Change in interest receivable 422 (1,683)
Change in interest payable (10,381) 6,457
Change in other assets 9,284 813
Change in other liabilities 36,025 4,304
Other (1,006) (481)
Net change in operating activities 116,645 91,946
Investing activities:    
Proceeds from sales of investment securities available-for-sale 25,709 0
Proceeds from maturities and paydowns of investment securities available-for-sale 173,793 129,303
Purchases of investment securities available-for-sale (79,110) (30,659)
Net change in partnership investments (6,961) (16,117)
Net change in other investments 1,715 490
Loans sold or participated to others 25,985 71,900
Proceeds from principal payments on direct finance leases 39,686 34,071
Net change in loans and leases (319,700) (245,744)
Net change in equipment owned under operating leases 1,493 4,193
Purchases of premises and equipment (4,333) (4,155)
Proceeds from disposal of premises and equipment 15 13
Proceeds from sales of other real estate and repossessions 1,439 1,164
Net Cash Provided by (Used in) Investing Activities (140,269) (55,541)
Financing activities:    
Net change in demand deposits and savings accounts 104,505 77,745
Net change in time deposits 108,129 79,598
Net change in short-term borrowings (139,140) (24,142)
Payments on long-term debt (1,915) (11,540)
Stock issued under stock purchase plans 133 153
Acquisition of treasury stock (3,295) 0
Net (distributions to) contributions from noncontrolling interests (1,768) (1,454)
Cash dividends paid on common stock (18,743) (17,190)
Net change in financing activities 47,906 103,170
Net change in cash and cash equivalents 24,282 139,575
Cash and cash equivalents, beginning of year 124,826 129,668
Cash and cash equivalents, end of period 149,108 269,243
Non-cash transactions:    
Loans transferred to other real estate and repossessed assets 4,315 723
Common stock matching contribution to Employee Stock Ownership and Profit Sharing Plan 1,227 1,153
Right of use assets obtained in exchange for lease obligations 692 888
Liquidation of noncontrolling interests 9,845 5,920
Purchases of mandatorily redeemable securities with common stock 0 586
Cash paid (received) for:    
Interest 94,770 85,215
Income Taxes $ (11,663) $ 5,405