XML 18 R7.htm IDEA: XBRL DOCUMENT v3.24.1.u1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Dec. 31, 2023
Statement of Cash Flows [Abstract]      
Net cash provided by operating activities $ 37,009 $ 47,997  
Available-for-sale investment securities:      
Purchases (105,652) (22,873)  
Proceeds from sales 0 95,362  
Proceeds from principal payments, calls and prepayments 26,976 27,922  
Held-to-maturity investment securities:      
Purchases (5,114) (167,169)  
Proceeds from principal payments 9,268 33,324  
Other investment securities:      
Purchases (7,302) (4,792)  
Proceeds from sales 8,028 3,746  
Net increase in loans held for investment (43,339) (52,386)  
Net expenditures for premises and equipment (3,870) (2,757)  
Proceeds from sales of other real estate owned 0 107  
Business acquisitions, net of cash received 0 (200)  
Proceeds from bank owned life insurance contracts 486 0  
Investment in limited partnership and tax credit funds (2,566) (267)  
Net cash used in investing activities (123,085) (89,983)  
Financing activities:      
Net decrease in non-interest-bearing deposits (99,286) (34,338)  
Net increase in interest-bearing deposits 273,573 105,991  
Net decrease in short-term borrowings (87,625) (9,468)  
Proceeds from long-term borrowings 26,770 2,899  
Payments on long-term borrowings (7,047) (8,450)  
Cash dividends paid (13,893) (10,993)  
Purchase of treasury stock under share repurchase program (3,000) 0  
Purchase of treasury stock in connection with employee incentive program and compensation plan for Boards of Directors to be held as treasury stock (869) (920)  
Proceeds from issuance of common shares 451 397  
Net cash provided by financing activities 89,074 45,118  
Net increase in cash and cash equivalents 2,998 3,132  
Cash and cash equivalents at beginning of period 426,722 154,022 $ 154,022
Cash and cash equivalents at end of period 429,720 157,154 426,722
Supplemental cash flow information:      
Interest paid 37,614 9,675  
Income taxes paid 70 105  
Supplemental noncash disclosures:      
Transfers from total loans to other real estate owned 64 0  
Noncash recognition of new leases $ 509 $ 336 $ 4,428