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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash flows from operating activities    
Net income $ 65,913 $ 59,967
Adjustments to reconcile net income to net cash from operating activities    
Depreciation and amortization/accretion 4,408 8,147
Provision for credit losses 3,900 5,900
Stock-based compensation expense 2,652 2,531
Stock grants to directors for retainer fees 444 423
Proceeds from sales of mortgage loans held for sale 313,224 269,166
Origination of mortgage loans held for sale (305,622) (271,789)
Net gain from sales of mortgage loans held for sale (9,211) (8,030)
Net gain from sales and valuation write-downs of foreclosed assets 0 (290)
Net gain from sale and write-down of former bank premises 0 (83)
Earnings on bank owned life insurance (1,961) (2,058)
Net loss on instruments designated at fair value and related derivatives 155 148
Net change in:    
Accrued interest receivable (1,445) (2,608)
Other assets (41,402) (24,233)
Accrued interest payable and other liabilities (18,731) 4,069
Net cash from operating activities 12,324 41,260
Cash flows from investing activities    
Loan originations and payments, net (13,604) (248,484)
Purchases of securities available for sale (143,155) (104,523)
Proceeds from maturities, calls and repayments of securities available for sale 48,574 36,542
Proceeds from sales of foreclosed assets 0 290
Proceeds from sales of fomer bank premises 0 283
Proceeds from bank owned life insurance claims 1,062 1,357
Net purchases of premises and equipment and lease activity (6,537) (7,940)
Net cash for investing activities (113,660) (322,475)
Cash flows from financing activities    
Net increase in time deposits 29,341 93,620
Net increase in all other deposits 84,106 461,360
Net increase (decrease) in securities sold under agreements to repurchase 129,978 (8,798)
Payoffs and paydowns of Federal Home Loan Bank advances (60,862) (60,827)
Proceeds from Federal Home Loan Bank advances 20,000 10,000
Employee stock purchase plan 73 35
Dividend reinvestment plan 589 609
Payment of cash dividends to common shareholders (17,880) (16,771)
Net cash from financing activities 185,345 479,228
Net change in cash and cash equivalents 84,009 198,013
Cash and cash equivalents at beginning of period 393,010 130,533
Cash and cash equivalents at end of period 477,019 328,546
Supplemental disclosures of cash flows information    
Interest 98,010 95,035
Federal income tax $ 0 $ 16,650