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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Operating Activities    
Net income $ 50,491 $ 17,846
Adjustments to reconcile net income to net cash provided (used) by operating activities    
Deferred income taxes 8,011 (1,888)
Provision for credit losses 863 6,150
Depreciation and amortization 11,548 6,456
Amortization and accretion of premiums/discounts on investment securities 573 1,301
Amortization of operating lease right-of-use assets 1,211 60
Share-based compensation expense 2,027 1,202
Purchase accounting accretion, net (21,454) 0
Originations of loans held for sale (120,539) (233,656)
Proceeds on loans held for sale 127,318 238,113
Realized loss (gain) on mortgage loans sold (7,936) (6,545)
Servicing rights capitalized upon sale of mortgage loans (154) 0
(Increase) in value of bank-owned life insurance (753) (622)
Realized loss (gain) on sale of premises and equipment 0 (476)
Realized loss (gain) on derivative instruments (505) 421
Realized loss (gain) on sale of foreclosed assets 60 (1)
Change in fair value of mortgage servicing rights 1,364 0
Realized loss (gain) on servicing rights 0 (149)
Net change in:    
Accrued interest receivable (1,527) (769)
Other assets (649) 127
Accrued expenses and other liabilities 1,241 (8,129)
Net cash provided (used) by operating activities 51,190 19,441
Investing Activities    
Proceeds from sales of trading investment securities 6,233 8,684
Purchases of trading investment securities (4,257) (11,220)
Proceeds from sales or calls of investment securities available-for-sale 19,800 0
Proceeds from maturities of investment securities available-for-sale 63,536 35,011
Proceeds from calls of investment securities held-to-maturity 346 611
Proceeds from maturities and paydowns of investment securities held-to-maturity 15,314 16,180
Proceeds from sale of non-mortgage loans held for sale 62,491 0
Net (increase) decrease in loans (154,466) (275,760)
Net (increase) decrease in FHLB stock 636 2,809
Purchases of BOLI (2,211) (1,935)
Proceeds from sale of premises and equipment 0 2,799
Purchases of premises and equipment (7,651) (7,331)
Proceeds from sales of foreclosed assets 824 37
Net cash provided (used) by investing activities 595 (230,115)
Financing Activities    
Net increase (decrease) in deposits 34,243 227,939
Net increase (decrease) in short-term borrowings with maturities of three months or less (38,960) (69,470)
Cash dividends paid on common stock (15,746) (11,481)
Repurchase of common stock (518) (232)
Net cash provided (used) by financing activities (20,981) 146,756
Net change in cash and cash equivalents 30,804 (63,918)
Cash and cash equivalents at beginning of period 61,239 129,893
Cash and cash equivalents at end of period 92,043 65,975
Supplemental Cash Flow Disclosures    
Interest paid 83,247 84,700
Income taxes paid 2,212 260
Cash dividends declared, not paid 5,338 3,963
Supplemental Disclosures of Noncash Investing and Financing Activities    
Loan collateral transferred to foreclosed assets (1,351) (5)
Premises and equipment transferred to other assets 0 2,086
Right-of-use assets obtained in exchange for new operating lease liabilities, net 19,816 5,244
Change in fair value hedges presented within residential real estate loans and other assets 0 98
Loans transferred to non-mortgage loans held for sale $ 62,491 $ 0