Cashflow Statement
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| 2026 Q YTD | 2025 Y | 2024 Y | 2023 Y | 2022 Y | |
| Net Income | 65,033 | 130,485 | 117,101 | 114,365 | 102,071 |
| Adjustments to reconcile net income to net cash provided by operating activities | |||||
|---|---|---|---|---|---|
| Amortization, net | 2,470 | 6,889 | 8,984 | 6,165 | 10,451 |
| Provision for credit losses | 1,049 | -1,400 | 1,820 | 3,243 | 474 |
| Depreciation of premises and equipment | 2,245 | 4,288 | 4,215 | 4,556 | 5,325 |
| Deferred income tax expense (benefit) | 49 | -50 | 381 | -2,764 | 1,469 |
| Net periodic employee benefit cost | -84 | -96 | 62 | -52 | 256 |
| Pension contributions | N/A | N/A | N/A | 0 | 0 |
| Unrealized and realized investment securities gains, net | -65 | 401 | 2,650 | 4,476 | 1,581 |
| Gain from the sale of VISA shares | N/A | N/A | N/A | N/A | 0 |
| Stock-compensation expense | 2,498 | 3,384 | 3,522 | 3,213 | 3,276 |
| Excess tax expense from stock-compensation | 314 | 493 | 387 | 228 | -292 |
| Increase in value of bank-owned life insurance | -1,656 | -3,878 | -3,992 | -6,037 | -5,559 |
| Loans held for sale | |||||
| Loans originated for sale | -8,510 | -17,311 | -10,107 | -11,159 | -31,150 |
| Proceeds from the sale of loans originated for sale | 9,186 | 17,599 | 10,221 | 11,306 | 31,475 |
| Gain on sale of loans | -133 | -288 | -114 | -147 | -325 |
| Change in accrued interest receivable | -582 | -68 | -360 | -1,136 | -2,660 |
| Change in other assets | -3,904 | -18,848 | 5,036 | 14,526 | -20,643 |
| Change in other liabilities | 2,742 | 9,772 | -7,910 | -3,203 | 20,068 |
| Net Cash Provided by Operating Activities | 70,652 | 131,372 | 131,896 | 137,580 | 115,817 |
| Net decrease (increase) in loans | 1,584 | -229,759 | -147,840 | -223,785 | -102,991 |
| Securities available-for-sale | |||||
| Purchases | -97,394 | -328,714 | -294,934 | -93,681 | -519,262 |
| Proceeds from sales of securities available-for-sale | 0 | 66,800 | 33,394 | 205,627 | 0 |
| Proceeds from maturities and calls | 117,849 | 234,789 | 169,200 | 119,090 | 210,912 |
| Other investments | |||||
| Purchases | -313 | -308 | -268 | -8,029 | -302 |
| Proceeds from sales | 98 | 50 | 1,599 | 536 | 449 |
| Proceeds from maturities and calls | N/A | 0 | 0 | 780 | N/A |
| Proceeds from the sale of VISA shares | N/A | N/A | N/A | N/A | 0 |
| Purchases of premises and equipment | -1,549 | -2,924 | -2,706 | -2,962 | -2,141 |
| Proceeds from the disposals of premises and equipment | 1,247 | 42 | 98 | 283 | 190 |
| Proceeds from the disposition of assets held-for-sale | N/A | N/A | N/A | N/A | N/A |
| Proceeds from bank-owned life insurance policies | N/A | 0 | 1,541 | 10,856 | 6,045 |
| Payments for low income housing tax credits | -2,519 | -9,894 | -12,344 | -8,051 | -3,352 |
| Acquisition of Citizens Commerce Bancshares, Inc. | N/A | 0 | 0 | 14,016 | N/A |
| Net Cash (Used in) Provided by Investing Activities | 19,003 | -269,918 | -252,260 | 14,680 | -410,452 |
| Net decrease in non-interest-bearing deposits | 8,072 | 69,172 | 1,645 | -68,906 | -21,710 |
| Net increase (decrease) in interest-bearing deposits | 31,094 | 87,681 | 208,353 | -165,414 | -33,677 |
| Net increase (decrease) in short-term borrowings | 9,877 | 42,019 | -9,201 | 37,392 | -21,494 |
| Repayment of long-term debt | N/A | N/A | N/A | N/A | 0 |
| Proceeds from long-term debt | N/A | 0 | 50,000 | 100,000 | N/A |
| Purchases of treasury stock | -38,137 | -45,760 | -17,896 | -60,134 | -26,449 |
| Proceeds from exercise of stock options | N/A | N/A | N/A | N/A | 798 |
| Lease payments | -353 | -742 | -636 | 1,071 | -762 |
| Dividends paid | -24,925 | -47,294 | -43,482 | -39,993 | -36,702 |
| Net Cash Provided by (Used in) Financing Activities | -14,372 | 105,076 | 189,477 | -195,984 | -139,996 |
| Increase (decrease) in Cash and Cash Equivalents | 75,283 | -33,470 | 69,113 | -43,724 | -434,631 |
| Cash and cash equivalents at beginning of period | 191,919 | 225,389 | 156,276 | 200,000 | 634,631 |
| Cash and Cash Equivalents at End of Period | 267,202 | 191,919 | 225,389 | 156,276 | 200,000 |
| Supplemental Cash Flow Information | |||||
| Cash paid for interest | N/A | 85,785 | 83,804 | 49,134 | 9,467 |
| Cash paid for income taxes | N/A | 35,817 | 28,040 | 32,813 | 22,434 |
| Acquisition | |||||
| Identifiable assets acquired (net of purchase consideration) | N/A | 0 | 0 | 319,961 | N/A |
| Liabilities assumed | N/A | 0 | 0 | 307,617 | N/A |
| Goodwill | N/A | 0 | 0 | 40,961 | N/A |
| Core deposit intangible | N/A | 0 | 0 | 8,278 | N/A |
Data shown on this page is for convenience only, extracted from SEC filings.
For access to the original filings, please click the headers to be taken directly to the filing at the SEC website.