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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities      
Net income $ 85,264,000 $ 91,729,000 $ 67,405,000
Adjustments to reconcile net income to net cash provided by operating activities:      
Net premium / discount amortization on securities 2,651,000 3,317,000 5,217,000
Securities losses, net   4,148,000 944,000
Provision for credit losses 12,750,000 16,501,000 6,550,000
Originations of loans held-for-sale (58,011,000) (52,091,000) (76,607,000)
Proceeds from sales of loans held-for-sale 58,818,000 52,186,000 81,776,000
Net gains on sales of mortgage loans (1,805,000) (1,477,000) (2,022,000)
Mortgage servicing rights mark to market loss 723,000 1,425,000 (3,177,000)
Net accretion of discount on loans and unfunded commitments (422,000) (3,067,000) (6,339,000)
Net change in cash surrender value of BOLI (3,619,000) (2,120,000) (718,000)
Net gains on sale of other real estate owned (390,000) (256,000) (163,000)
Provision for other real estate owned valuation losses 1,744,000 269,000 104,000
Depreciation of fixed assets and amortization of leasehold improvements 5,591,000 4,485,000 4,085,000
Amortization of operating lease right-of-use asset 1,129,000 758,000 174,000
Net gains on disposal and transfer of fixed assets (31,311) (623,000) (2,017,000)
Loss on lease termination 46,500    
Amortization of core deposit intangibles 2,440,000 2,461,000 2,626,000
Change in current income taxes receivable 5,991,000 (4,872,000) 12,048,000
Deferred tax expense (benefit) (1,367,000) 1,857,000 969,000
Change in accrued interest receivable and other assets 4,135,000 (6,639,000) (1,114,000)
Accretion of purchase accounting adjustment on time deposits (235,000) (1,226,000) (1,582,000)
Change in accrued interest payable and other liabilities 13,486,000 6,511,000 6,416,000
Payments on operating lease payable (1,270,000) (478,000) (191,000)
Stock based compensation 3,914,000 3,603,000 2,960,000
Net cash provided by operating activities 131,533,000 116,401,000 97,344,000
Cash flows from investing activities      
Proceeds from maturities and calls, including pay down of securities available-for-sale 304,167,000 186,049,000 279,848,000
Proceeds from sales of securities available-for-sale 5,331,000 205,738,000 30,981,000
Purchases of securities available-for-sale (265,496,000) (13,414,000) (301,649,000)
Net redemptions (purchases) of FHLBC/FRBC stock 13,914,000 (12,825,000) (7,273,000)
Net change in loans 34,710,000 (197,574,000) (443,904,000)
Purchases of BOLI policies (1,050,000) (590,000) (590,000)
Proceeds from claims on BOLI, net of claims receivable 1,236,000    
Proceeds from sales of other real estate owned, net of participations and improvements 3,235,000 2,005,000 941,000
Proceeds from disposition of premises and equipment   4,542,000 13,346,000
Net purchases of premises and equipment (10,787,000) (12,376,000) (4,332,000)
Cash received from (paid for) acquisition, net 237,441,000   (146,000)
Net cash provided by (used in) investing activities 322,701,000 161,555,000 (432,778,000)
Cash flows from financing activities      
Net change in deposits (69,776,000) (538,751,000) (353,927,000)
Net change in securities sold under repurchase agreements 10,187,000 (5,686,000) (18,181,000)
Net change in other short-term borrowings (385,000,000) 315,000,000 90,000,000
Repayment of term note   (9,000,000) (4,000,000)
Net change in notes payable and other borrowings, excluding term note     (6,056,000)
Repayment of senior notes   (45,000,000)  
Dividends paid on common stock (9,413,000) (8,946,000) (8,877,000)
Purchase of treasury stock (1,048,000) (605,000) (455,000)
Net cash used in financing activities (455,050,000) (292,988,000) (301,496,000)
Net change in cash and cash equivalents (816,000) (15,032,000) (636,930,000)
Cash and cash equivalents at beginning of period 100,145,000 115,177,000 752,107,000
Cash and cash equivalents at end of period 99,329,000 100,145,000 115,177,000
Supplemental cash flow information      
Income taxes paid, net 23,034,000 35,670,000 11,232,000
Interest paid for deposits 36,915,000 14,210,000 3,418,000
Interest paid for borrowings 18,360,000 24,238,000 6,777,000
Non-cash transfer of loans to other real estate owned 21,083,000 5,580,000 87,000
Non-cash transfer of fixed assets to other assets 1,129,000 582,000 $ 4,568,000
Operating leases recognized $ 1,250,000 $ 6,745,000