XML 18 R6.htm IDEA: XBRL DOCUMENT v3.25.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities    
Net income $ 41,652 $ 43,203
Adjustments to reconcile net income to net cash provided by operating activities:    
Net premium / discount amortization on securities 916 1,544
Securities gains, net   (1)
Provision for credit losses 4,900 7,250
Originations of loans held-for-sale (36,371) (22,114)
Proceeds from sales of loans held-for-sale 35,369 21,650
Net gains on sales of mortgage loans (1,014) (782)
Mortgage servicing rights mark to market loss 1,101 144
Net accretion of discount on loans and unfunded commitments (508) (258)
Net change in cash surrender value of BOLI (1,188) (1,992)
Net losses (gains) on sale of other real estate owned 160 (259)
Provision for other real estate owned valuation losses 611  
Depreciation of fixed assets and amortization of leasehold improvements 2,843 2,721
Amortization of operating lease right-of-use asset 524 671
Amortization of core deposit intangibles 2,059 1,154
Change in current income taxes receivable (2,695) (17)
Deferred tax expense 6,224 2,368
Change in accrued interest receivable and other assets (648) 225
Accretion of purchase accounting adjustment on time deposits (367) (106)
Amortization of junior subordinated debentures issuance costs 1  
Change in accrued interest payable and other liabilities (13,136) 1,998
Payments on operating lease payable (881) (468)
Stock based compensation 2,531 2,107
Net cash provided by operating activities 42,083 59,038
Cash flows from investing activities    
Proceeds from maturities and calls, including pay down of securities available-for-sale 159,559 171,708
Proceeds from sales of securities available-for-sale   5,331
Purchases of securities available-for-sale (162,517) (157,886)
Net redemptions of FHLBC/FRBC stock 354 1,350
Net change in loans (27,341) 53,983
Purchases of BOLI policies (460) (460)
Proceeds from claims on BOLI, net of claims receivable   1,235
Proceeds from sales of other real estate owned, net of participations 19,349 1,850
Net purchases of premises and equipment (2,398) (6,293)
Cash received from acquisition, net 28  
Net cash (used in) provided by investing activities (13,426) 70,818
Cash flows from financing activities    
Net change in deposits 30,075 (48,912)
Net change in securities sold under repurchase agreements 10,595 20,072
Net change in other short-term borrowings (20,000) (75,000)
Dividends paid on common stock (5,397) (4,478)
Purchase of treasury stock (1,492) (791)
Net cash provided by (used in) financing activities 13,781 (109,109)
Net change in cash and cash equivalents 42,438 20,747
Cash and cash equivalents at beginning of period 99,329 100,145
Cash and cash equivalents at end of period $ 141,767 $ 120,892