XML 20 R8.htm IDEA: XBRL DOCUMENT v3.25.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income $ 10,517 $ 19,022
Adjustments to Reconcile Net Income to Net Cash from Operating Activities:    
Net Amortization on Securities (426) 1,403
Depreciation and Amortization 3,748 2,339
Loans Originated for Sale (29,096) (29,017)
Proceeds from Sales of Loans Held-for-Sale 32,134 24,575
Provision for Credit Losses 15,300 900
Gain on Sale of Loans, Net (832) (751)
(Gain) Loss on Securities, Net 0 (35)
Loss (Gain) on Disposition and Donation of Premises and Equipment (4) 2
Increase in Cash Surrender Value of Company Owned Life Insurance (579) (454)
Equity Based Compensation 481 524
Change in Assets and Liabilities:    
Interest Receivable and Other Assets (490) 445
Interest Payable and Other Liabilities 7,175 4,900
Net Cash from Operating Activities 37,928 23,853
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from Maturities, Calls, and Redemptions of Securities Available-for-Sale 125,188 39,122
Proceeds from Sales of Securities Available-for-Sale 205,376 62,162
Purchase of Securities Available-for-Sale (141,489) (70,303)
Proceeds from Redemption of Federal Home Loan Bank Stock 3,310 57
Loans Made to Customers, Net of Payments Received (2,971) (1,739)
Property and Equipment Expenditures (1,253) (1,238)
Acquisition of Heartland Bancorp. 22,665 0
Net Cash from Investing Activities 210,826 28,061
CASH FLOWS FROM FINANCING ACTIVITIES    
Change in Deposits 38,126 (33,578)
Change in Short-term Borrowings (22,532) (2,204)
Advances in Long-term Debt 0 25,000
Repayments of Long-term Debt (36) (25,037)
Dividends Paid (10,813) (7,955)
Net Cash from Financing Activities 4,745 (43,774)
Net Change in Cash and Cash Equivalents 253,499 8,140
Cash and Cash Equivalents at Beginning of Year 188,792 115,330
Cash and Cash Equivalents at End of Period 442,291 123,470
Cash Paid During the Period for    
Interest 21,176 21,101
Income Taxes 0 0
Supplemental Non Cash Disclosures    
Interest Rate Swap Fair Value Adjustment $ (731) $ 827