Quarterly report [Sections 13 or 15(d)]

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income $ 49,034 $ 47,852
Adjustments to Reconcile Net Income to Cash Provided by Operating Activities:    
Provision for Credit Losses 1,551 3,269
Depreciation 5,521 5,548
Amortization of Premiums, Discounts and Fees, net 2,280 3,403
Amortization of Intangible Asset 0 107
Gain on Sale of Subsidiary 0 (773)
Originations of Loans Held-for-Sale (315,284) (332,760)
Proceeds From Sales of Loans Held-for-Sale 328,332 350,882
Mortgage Banking Revenues (12,585) (12,804)
Net Deletions for Capitalized Mortgage Servicing Rights 16 48
Stock Based Compensation 1,478 1,373
Net Tax Benefit from Stock Based Compensation (132) (154)
Deferred Income Taxes (2,532) 2,429
Net Change in Operating Leases (18) 14
Net Gain on Sales and Write-Downs of Other Real Estate Owned (796) (4,514)
Gain from Insurance Claim on Premises (453) 0
Net (Increase) Decrease in Other Assets (1,000) 3,770
Net Increase in Other Liabilities 6,425 8,364
Net Cash Provided By Operating Activities 61,837 76,054
Securities Held to Maturity:    
Purchases (113,266) (66,697)
Proceeds from Payments, Maturities, and Calls 175,326 228,784
Securities Available for Sale:    
Purchases (360,296) (225,039)
Proceeds from Payments, Maturities, and Calls 116,071 60,899
Equity Securities:    
Purchases (1,219) (60)
Net Decrease in Equity Securities 85 1,191
Purchases of Loans Held for Investment (7,013) (958)
Proceeds from Sales of Loans 53,229 39,802
Net Decrease in Loans Held for Investment 1,147 23,666
Purchase of Bank Owned Life Insurance (6,000) 0
Net Cash Received for Divestitures 0 2,375
Proceeds from Insurance Claims on Premises 453 0
Proceeds From Sales of Other Real Estate Owned 3,921 7,340
Purchases of Premises and Equipment (10,571) (5,967)
Net Cash (Used In) Provided By Investing Activities (148,133) 65,336
CASH FLOWS FROM FINANCING ACTIVITIES    
Net Increase (Decrease) in Deposits 4,256 (57,065)
Net (Decrease) Increase in Short-Term Borrowings (11,211) 11,940
Principal Payments of Subordinated Notes (9,279) (10,305)
Dividends Paid (13,866) (12,625)
Payments to Repurchase Common Stock (2,639) 0
Proceeds from Issuance of Common Stock Under Purchase Plans 696 710
Net Cash Used In Financing Activities (32,043) (67,345)
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (118,339) 74,045
Cash and Cash Equivalents at Beginning of Period 529,971 391,854
Cash and Cash Equivalents at End of Period 411,632 465,899
Supplemental Cash Flow Disclosures:    
Interest Paid 23,949 24,148
Federal Income Taxes Paid 10,975 7,700
State and Local Income Taxes Paid:    
Florida 1,975 775
All Other 112 225
Supplemental Noncash Items:    
Loans and Premises Transferred to Other Real Estate Owned 3,542 4,290
Loans Transferred from Held for Investment to Held for Sale, net $ 55,452 $ 40,652