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Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities:    
Net income $ 22,171 $ 20,503
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision (release) for credit losses 1,652 (357)
Depreciation, amortization and accretion, net 4,996 5,338
Change in cash surrender value of bank owned life insurance (1,200) (1,121)
Gain on death benefit paid from bank owned life insurance (487) 0
Stock-based compensation expense 688 606
Operating lease payments (822) (836)
Loss on investment securities, net 181 0
Loss (gain) on sales and write-downs of other real estate owned, net 80 (70)
Loss on sale of premises and equipment 14 0
Gain on sale of loans held for sale, net (641) (233)
Loss on repayment of subordinated debentures 289 0
Gain on repayment of FHLB advances (85) 0
Decrease (increase) in accrued interest receivable 1,186 (2,585)
Increase in accrued interest payable 1,486 910
Origination of loans held for sale (25,500) (10,448)
Proceeds from sale of loans held for sale 29,111 10,844
Decrease in other assets 21,118 10,537
Decrease in other liabilities (6,353) (4,040)
Net cash provided by operating activities 47,884 29,048
Cash flows from investing activities:    
Proceeds from maturities of certificates of deposit 980 0
Purchases of certificates of deposit 0 (2,275)
Proceeds from sales of securities available-for-sale 8,291 0
Proceeds from maturities of securities available-for-sale 23,927 21,621
Purchases of securities available-for-sale (500) (994)
Purchase of securities held-to-maturity (21) (11)
Net decrease (increase) in loans (31,149) 80,542
Purchases of premises and equipment (1,930) (1,480)
Proceeds from sale of premises and equipment 3,500 0
Proceeds from sales of other real property owned 33 0
Proceeds from bank owned life insurance death benefit 1,414 0
Net cash provided by investing activities 4,545 97,403
Cash flows from financing activities:    
Net increase in deposits 73,284 119,277
Increase (decrease) in repurchase agreements 15,650 (3,002)
Proceeds from FHLB advances 50,000 0
Repayment of FHLB advances (97,435) (25,000)
Proceeds from short-term debt 4,000 0
Repayment of short-term debt (4,000) 0
Repayment of subordinated debenture (8,381) 0
Proceeds from issuance of common stock 434 382
Dividends paid on common stock (5,727) (5,471)
Net cash provided by financing activities 27,825 86,186
Increase in cash and cash equivalents 80,254 212,637
Cash and cash equivalents at beginning of period 121,216 143,064
Cash and cash equivalents at end of period 201,470 355,701
Cash paid during the period for:    
Interest 26,805 31,321
Income taxes, net of refunds (1,191) (823)
Supplemental disclosures of noncash investing and financing activities    
Loans transferred to other real estate 0 183
Initial recognition of right-of-use assets 668 729
Initial recognition of lease liabilities $ 668 $ 729