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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities:    
Net Income (Loss) $ 24,231 $ 31,391
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit loss expense 10,200  
Depreciation and amortization 6,328 6,021
Change in current income tax receivable 4,281 7,485
Change in deferred income taxes 4,560 (1,277)
Discount accretion, net of premium amortization on securities (483) (202)
Gain on sale of mortgages, net (2,338) (2,162)
Origination of loans held for sale, net of repayments (72,646) (62,542)
Proceeds from sales of loans held for sale 87,571 69,160
Originations of mortgage servicing rights (62) (115)
Proceeds from sales of mortgage servicing rights 2,360  
Gain on sale of mortgage servicing rights (646)  
Gain on sale of fixed assets (5) (637)
Stock-based compensation 1,704 1,576
Operating lease payments (1,625) (1,637)
Change in other assets (11,600) (24,527)
Change in other liabilities (12,205) 7,423
Net cash provided by operating activities 39,625 29,957
Cash flows from investing activities:    
Proceeds from non-marketable securities 15,700 27,114
Proceeds from maturities and paydowns of investment securities available-for-sale 48,436 45,662
Proceeds from maturities and paydowns of investment securities held-to-maturity 17,027 14,367
Proceeds from sales of other real estate owned   21
Purchases of non-marketable securities (15,904) (10,302)
Purchases of investment securities available-for-sale (142,245) (106,554)
Purchases of investment securities held-to-maturity (190,624) 0
Purchases of premises and equipment, net (10,166) (5,482)
Net decrease in loans 138,351 128,793
Proceeds from the sale of loans 11,941  
Net cash (used in) provided by investing activities (127,484) 93,619
Cash flows from financing activities:    
Net increase in deposits 186,312 327,260
Net increase (decrease) in repurchase agreements and other short-term borrowings 1,854 (50)
Net advances from (payments to) the Federal Home Loan Bank 30,000 (340,000)
Issuance of stock under purchase and equity compensation plans (583) 131
Proceeds from exercise of stock options 10  
Payment of dividends (11,284) (10,312)
Net cash provided by (used in) financing activities 206,309 (22,971)
Increase in cash and cash equivalents 118,450 100,605
Cash and cash equivalents at beginning of the year 127,848 192,326
Cash and cash equivalents at end of period 246,298 292,931
Supplemental disclosure of cash flow information during the period:    
Cash paid for interest 42,858 45,172
Net tax (refunds) payments (95) 76
Supplemental schedule of non-cash activities:    
Increase in loans purchased but not settled 60,350  
Loans transferred from loans held for sale to loans $ 23 $ 333