XML 19 R8.htm IDEA: XBRL DOCUMENT v3.25.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating Activities:    
Net income $ 31,037 $ 36,417
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization/accretion 2,009 2,962
(Reversal of) Provision for Credit Losses (550) 300
Net amortization of deferred net loan cost (fees) 83 (150)
Interest income receivable 2,483 568
Income taxes payable 5,538 9,742
Deferred tax asset 5,263 3,285
Other assets 827 596
Interest expense payable 155 1,009
Other liabilities (4,649) (2,881)
Net Cash Provided by Operating Activities 42,394 52,212
Stock option compensation expense 300 364
Life insurance gains (102) 0
us-gaap_AmortizationOfDeferredLoanOriginationFeesNet (83) 150
Interest income receivable 2,483 568
Income taxes payable 5,538 9,742
Deferred tax asset 5,263 3,285
Other assets 827 596
Interest expense payable 155 1,009
Other liabilities (4,649) (2,881)
Net Cash Provided by Operating Activities 42,394 52,212
Investing Activities:    
Net repayments of loans 48,871 20,787
Proceeds from life insurance policies 506 0
Purchases of debt securities available for sale (38,994) 0
Proceeds from maturity/calls of debt securities available for sale 241,235 98,966
Proceeds from maturity/calls of debt securities held to maturity 6,864 11,208
Purchases of premises and equipment (199) (122)
Net Cash Provided by Investing Activities 258,283 130,839
Financing Activities:    
Net change in deposits (137,755) (119,342)
Net change in borrowings (7,103) 192,172
Retirement of common stock (18,225) (210)
Common stock dividends paid (11,752) (11,735)
Net Cash (Used in) Provided by Financing Activities (174,835) 60,885
Net Change In Cash and Due from Banks 125,842 243,936
Cash and Due from Banks at Beginning of Period 601,494 190,314
Cash and Due from Banks at End of Period 727,336 434,250
Supplemental Cash Flow Disclosures:    
Right-of-use assets acquired in exchange for operating lease liabilities 3,494 2,641
Supplemental disclosure of cash flow activities:    
Cash paid for amounts included in operating lease liabilities 1,636 1,632
Interest paid for the period $ 3,241 $ 1,992