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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Operating Activities: $ 6,098 $ 8,237
Net income 88,366 106,936
Adjustments to reconcile net income to net cash provided by operating activities:    
Operating Activities: 6,098 8,237
Net income 88,366 106,936
(Reversal of) Provision for Credit Losses (550) 300
Net amortization of deferred loan cost (fees) 240 (354)
Stock option compensation expense 800 1,144
Bank owned life insurance gains (208) (202)
Net gain on sale of other assets 0 (1,367)
Income taxes payable (receivable) 3,744 (6,027)
us-gaap_IncreaseDecreaseInAccruedInterestReceivableNet (5,222) (6,441)
Equity securities held for trading 90 0
Other assets (644) (711)
Net deferred tax asset 4,212 1,679
Interest expense payable 138 141
Other liabilities (12,179) (4,418)
Net Cash Provided by Operating Activities 95,329 111,799
Investing Activities:    
Net repayments of loans 75,611 31,140
Purchases of debt securities available for sale (393,826) (13,636)
Proceeds from maturity/calls of debt securities available for sale 579,372 515,196
Proceeds from maturity/calls of debt securities held to maturity 22,894 32,792
Proceeds from bank owned life insurance policies 904 1,059
Proceeds from sale of other assets 0 5,378
Purchases of premises and equipment (1,620) (1,077)
Net Cash Provided by Investing Activities 283,335 570,852
Financing Activities:    
Net change in deposits (218,671) (409,217)
Net change in borrowings 13,329 74,325
Exercise of stock options 376 298
Retirement of common stock (80,451) (210)
Common stock dividends paid (35,473) (35,216)
Net Cash Used in Financing Activities (320,890) (370,020)
Net Change in Cash and Due from Banks 57,774 312,631
Cash and Due from Banks at Beginning of Period 601,494 190,314
Cash and Due from Banks at End of Period 659,268 502,945
Supplemental Cash Flow Disclosures:    
Right-of-use assets acquired in exchange for operating lease liabilities 8,895 4,553
Securities purchases pending settlement 4,298 0
Supplemental disclosure of cash flow activities:    
Cash paid for amounts included in operating lease liabilities 4,899 4,888
Interest paid for the period 10,092 13,812
Income tax payments for the period $ 22,520 $ 42,755