XML 19 R7.htm IDEA: XBRL DOCUMENT v3.25.1
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 $ 16,354 $ 16,203
Adjustments to reconcile net income to net cash:    
Net depreciation, amortization, and accretion (1,451) (3,193)
Provision for credit losses 4,506 528
Stock-based compensation 1,826 1,926
Other, net (112) 8
Net change in:    
Receivable from global payments, net   (6,204)
Third-party debit cardholder balances   8,507
Other assets (10,330) 4,784
Other liabilities (3,028) 2,437
Net cash provided by (used in) operating activities 7,765 24,996
Cash flows from investing activities    
Loan originations and payments, net (306,187) (90,473)
Redemptions of FRB and FHLB Stock 17,524 6,300
Purchases of FRB and FHLB Stock (13,950) (3)
Purchase of securities available-for-sale (44,274) (53,306)
Proceeds from paydowns and maturities of securities available-for-sale 12,898 12,314
Proceeds from paydowns and maturities of securities held-to-maturity 29,450 8,463
Purchase of premises and equipment (2,186) (111)
Net cash provided by (used in) investing activities (306,725) (116,816)
Cash flows from financing activities    
Proceeds from (repayments of) federal funds purchased, net (85,000) (99,000)
Proceeds from (repayments of) FHLB advances, net (80,000) (140,000)
Redemption of common stock for tax withholdings for restricted stock vesting (3,191) (4,456)
Proceeds from (repayments of) secured and other borrowings, net 9,962 99,964
Net increase (decrease) in deposits 466,319 500,250
Purchase of treasury stock (12,935)  
Net cash provided by (used in) financing activities 295,155 356,758
Increase (decrease) in cash and cash equivalents (3,805) 264,938
Cash and cash equivalents at the beginning of the period 200,268 269,465
Cash and cash equivalents at the end of the period 196,463 534,403
Cash paid for:    
Interest 50,552 51,874
Income Taxes $ 8,174 $ 11,367