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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 29,271 $ 19,418
Adjustments to reconcile net income to net cash provided by operating activities:    
Net accretion of acquisition accounting estimates (6,737) (7,618)
Provision for credit losses 2,556 2,488
Depreciation and amortization 8,126 8,217
Net amortization of securities 64 (643)
Amortization of debt issuance costs 61 60
Gain on mortgage loans held for sale (2,291) (1,838)
Gain on other mortgage loan activity (938) (608)
Proceeds from sale of mortgage loans held for sale 82,070 64,563
Originations of loans held for sale (94,125) (81,712)
Stock-based compensation expense 970 764
Deferred income tax (benefit) expense 156 4,916
Loss on sales of repossessed assets 123 45
Loss on valuation adjustments on mortgage servicing rights 330 129
Loss on disposal of fixed assets 48 0
Loss on disposal of premises held for sale 61 0
Valuation adjustments on premises transferred to held for sale 0 2
Fair value adjustment on equity securities (106) 84
Bank owned life insurance income (1,287) (1,344)
Net changes in:    
Accrued interest receivable (253) (424)
Other assets (1,490) 1,559
Accrued interest payable 88 (630)
Other liabilities (5,251) (2,010)
Net cash provided by operating activities 11,446 5,418
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from maturities and principal payments of available for sale securities 12,573 60,673
Proceeds from maturities and principal payments of held to maturity securities 23,899 19,291
Proceeds from life insurance death benefits 0 150
Purchases of available for sale securities (48,171) (81,904)
Purchases of held to maturity securities (2,326) (5,800)
Purchases of equity securities (90) (80)
Purchase of restricted securities (158) (22,186)
Net change in loans (49,173) (59,472)
Purchases of premises and equipment (1,905) (3,359)
Proceeds from sales of repossessed assets 1,531 240
Redemption of restricted securities 0 18,361
Purchases of bank owned life insurance (152) (71)
Proceeds from disposal of premises held for sale 843 0
Net cash used in investing activities (63,129) (74,157)
Net changes in:    
Noninterest-bearing deposits 12,314 329,215
Interest-bearing deposits (227,461) (567,238)
Short-term borrowings 0 31,000
Long-term borrowings 0 50,000
Common stock dividends paid (8,037) (7,992)
Issuance of common stock 0 224
Net cash used in financing activities (223,184) (164,791)
Net decrease in cash and cash equivalents (274,867) (233,530)
Cash and cash equivalents at beginning of period 459,851 372,413
Cash and cash equivalents at end of period 184,984 138,883
Supplemental cash flows information:    
Interest paid 58,022 60,289
Income taxes paid 7,985 0
Recognition of lease liabilities arising from right-of-use assets 912 76
Transfers from loans to repossessed assets 947 1,845
Transfer from loans held for sale to loans held for investment 649 0
Unrealized gains (losses) on available for sale securities 2,671 (1,054)
Transfer of premises to held for sale (included in other assets) $ 0 $ 1,387