XML 19 R8.htm IDEA: XBRL DOCUMENT v3.25.3
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 $ 31,349 $ 24,929
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation 2,057 1,846
Amortization 590 482
Share-based compensation earned 328 275
Share-based board compensation earned 47 51
Net (accretion) amortization on securities AFS 801 909
Net (accretion) amortization on securities HTM (980) (1,022)
(Gain) Loss on equity securities (82) (63)
(Gain) Loss on other assets owned 36 (9)
Provision for credit losses 1,550 900
Deferred income tax (benefit) expense (460) 400
Net (increase) decrease in loans HFS (713) (499)
Net (increase) decrease in accrued interest receivable (233) 480
Net (increase) decrease in BOLI (661) (635)
Net increase (decrease) in accrued interest payable (902) 3,751
Net increase (decrease) in accrued income taxes payable (23) 216
Other operating activities, net 1,497 2,205
Net cash provided by (used in) operating activities 34,201 34,216
Activity in securities AFS:    
Maturities, principal repayments, and calls 75,580 109,137
Purchases (146,693) (87,796)
Activity in securities HTM:    
Maturities, principal repayments, and calls 7,923 8,113
Capital contribution in partnerships (125) (90)
Return of capital in partnerships 908 0
Net (increase) decrease in loans HFI (99,027) (63,609)
Proceeds from sales of foreclosed assets 470 69
Proceeds from sales of premises and equipment 12 11
Purchases of premises and equipment (1,189) (2,419)
Net cash provided by (used in) investing activities (162,141) (36,584)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net increase (decrease) in deposits 33,677 (54,763)
Repurchase of common stock, excluding excise tax (11,056) (13,775)
Cash dividends (2,601) (1,873)
Net cash provided by (used in) financing activities 20,020 (70,411)
Net change in cash and cash equivalents (107,920) (72,779)
Cash and cash equivalents - beginning of period 268,975 305,426
Cash and cash equivalents - end of period 161,055 232,647
Cash paid during the period for:    
Interest 34,274 32,242
Income taxes 8,079 5,230
SUPPLEMENTAL INFORMATION FOR NON-CASH INVESTING AND FINANCING ACTIVITIES    
Assets acquired in settlement of loans $ 487 $ 38