Quarterly report [Sections 13 or 15(d)]

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income Attributable to Common Shareowners $ 16,858 $ 12,557
Adjustments to Reconcile Net Income to Cash Provided by Operating Activities:    
Provision for Credit Losses 768 920
Depreciation 1,810 2,051
Amortization of Premiums, Discounts and Fees, net 1,144 953
Amortization of Intangible Asset 40 53
Originations of Loans Held-for-Sale (96,737) (105,717)
Proceeds From Sales of Loans Held-for-Sale 105,196 106,941
Mortgage Banking Revenues (3,820) (2,878)
Net (Deletions) Additions for Capitalized Mortgage Servicing Rights 25 (88)
Stock Compensation 399 392
Net Tax Benefit from Stock-Based Compensation (154) (5)
Deferred Income Tax Benefit (121) (1,799)
Net Change in Operating Leases 49 166
Net Gain on Sales and Write-Downs of Other Real Estate Owned (4,508) 0
Loss on Disposal of Premises and Equipment 46 0
Net Decrease in Other Assets 2,388 2,598
Net Decrease in Other Liabilities (1,516) (1,497)
Net Cash Provided By Operating Activities 21,867 14,647
Securities Held to Maturity:    
Purchases (20,438) (1,277)
Proceeds from Payments, Maturities, and Calls 70,308 22,827
Securities Available for Sale:    
Purchases (64,870) (1,100)
Proceeds from Payments, Maturities, and Calls 11,683 10,012
Equity Securities:    
Net Decrease in Equity Securities 84 5
Purchases of Loans Held for Investment (304) (302)
Proceeds from Sales of Loans 13,641 13,116
Net Increase in Loans Held for Investment (21,101) (6,830)
Proceeds From Sales of Other Real Estate Owned 7,309 0
Purchases of Premises and Equipment (2,382) (2,237)
Net Cash (Used In) Provided by Investing Activities (6,070) 34,214
CASH FLOWS FROM FINANCING ACTIVITIES    
Net Increase (Decrease) in Deposits 111,913 (47,021)
Net Increase (Decrease) in Short-Term Borrowings 8,896 (3,455)
Repayments of Other Long-Term Borrowings 0 (50)
Dividends Paid (4,092) (3,555)
Payments to Repurchase Common Stock 0 (2,330)
Proceeds from Issuance of Common Stock Under Purchase Plans 195 172
Net Cash Provided By (Used In) Financing Activities 116,912 (56,239)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 132,709 (7,378)
Cash and Cash Equivalents at Beginning of Period 391,854 312,067
Cash and Cash Equivalents at End of Period 524,563 304,689
Supplemental Cash Flow Disclosures:    
Interest Paid 8,356 7,875
Supplemental Noncash Items:    
Loans and Premises Transferred to Other Real Estate Owned 2,566 0
Loans Transferred from Held for Investment to Held for Sale, net $ 11,049 $ 7,956