XML 174 R156.htm IDEA: XBRL DOCUMENT v3.25.0.1
PARENT COMPANY CONDENSED FINANCIAL INFORMATION - CASH FLOWS (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
STATEMENTS OF CASH FLOWS      
Net income $ 101,371 $ 90,374 $ 91,106
Adjustments to reconcile net income to net cash provided by operating activities:      
Accretion of investment securities 5,717 4,947 4,798
Change in other assets (12,952) (24,763) (3,863)
Change in other liabilities 614 (4,488) 3,919
Net cash provided by operating activities 148,999 108,531 154,789
Investing activities:      
Proceeds from maturities of available-for-sale debt securities 316,120 106,123 161,561
Net cash used in investing activities (181,026) (516,951) (254,509)
Financing activities:      
Common Stock repurchases   (20,279) (12,577)
Net proceeds from Class A Common Stock purchased through employee stock purchase plan 672 627 590
Net proceeds from option exercises and equity awards vested - Class A Common Stock (638) (2) 52
Cash dividends paid (30,506) (28,350) (26,145)
Net cash (used in) provided by financing activities 147,611 411,298 (343,562)
NET CHANGE IN CASH AND CASH EQUIVALENTS 115,584 2,878 (443,282)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 316,567 313,689 756,971
CASH AND CASH EQUIVALENTS AT END OF PERIOD 432,151 316,567 313,689
Reportable Legal Entities | Parent      
STATEMENTS OF CASH FLOWS      
Net income 101,371 90,374 91,106
Adjustments to reconcile net income to net cash provided by operating activities:      
Accretion of investment securities (71) (59) (56)
Equity in undistributed net income of subsidiaries (53,699) (42,913) (32,058)
Director deferred compensation 297 769 427
Change in other assets 477 (1,639) 4,571
Change in other liabilities (1,196) 3,973 (5,428)
Net cash provided by operating activities 47,179 50,505 58,562
Investing activities:      
Proceeds from maturities of available-for-sale debt securities 1,000    
Investment in venture capital fund (681) (532) (337)
Investment in subsidiary bank (672) (627) (590)
Net cash used in investing activities (353) (1,159) (927)
Financing activities:      
Common Stock repurchases   (20,279) (12,577)
Net proceeds from Class A Common Stock purchased through employee stock purchase plan 672 627 590
Net proceeds from option exercises and equity awards vested - Class A Common Stock (638) (2) 52
Cash dividends paid (30,506) (28,350) (26,145)
Net cash (used in) provided by financing activities (30,472) (48,004) (38,080)
NET CHANGE IN CASH AND CASH EQUIVALENTS 16,354 1,342 19,555
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 37,778 36,436 16,881
CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 54,132 $ 37,778 $ 36,436