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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Operating activities    
Net income $ 24,064 $ 25,531
Adjustments to reconcile net income to net cash provided by operating activities    
(Recovery of) provision for credit losses 36 1,155
Depreciation and amortization of premises and equipment 1,998 2,224
Accretion of discounts on investments (473) (329)
Amortization of intangible assets 1,050 1,060
Accretion on acquired loans (986) (1,443)
Equity-based compensation expense 1,326 403
Issuance of common stock to 401(k) plan 0 3
Loss on sale of premises and equipment, net 4 8
Loss on sale of other real estate owned 93 32
Decrease in accrued interest receivable 420 897
(Decrease) increase in other operating activities (4,100) 1,843
Net cash provided by operating activities 23,432 31,384
Investing activities    
Proceeds from maturities, prepayments, and calls of securities available-for-sale 90,453 155,005
Payments to acquire securities available-for-sale (50,105) (5,252)
Net decrease in loans 61,744 97,437
Proceeds from the sale of FHLB stock, net 29 265
Proceeds from bank owned life insurance 0 585
Proceeds from sale of premises and equipment 0 13
Payments to acquire premises and equipment (1,364) (2,150)
Proceeds from sale of other real estate owned 164 332
Net cash provided by investing activities 100,921 246,235
Financing activities    
Decrease in noninterest-bearing deposits, net (9,822) (42,458)
Decrease in interest-bearing deposits, net (46,061) (2,595)
Increase (decrease) in securities sold under agreements to repurchase, net 110 (225)
Proceeds from stock options exercised 120 42
Payments for repurchase of common stock (1,851) (8,249)
Payments of common dividends (49,246) (10,677)
Net cash used in financing activities (106,750) (64,162)
Net increase in cash and cash equivalents 17,603 213,457
Cash and cash equivalents at beginning of period 377,454 116,420
Cash and cash equivalents at end of period 395,057 329,877
Supplemental disclosure -- cash flow information    
Cash paid for interest 7,976 9,021
Cash paid for income taxes 7,520 6,056
Supplemental transactions -- noncash items    
Transfer of loans to other real estate owned 191 272
Increase (decrease) in other comprehensive income (loss), net of taxes $ 2,024 $ (1,463)