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, 2025
Sep. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income Attributable to Common Shareowners $ 47,852 $ 39,825
Adjustments to Reconcile Net Income to Cash Provided by Operating Activities:    
Provision for Credit Losses 3,269 3,330
Depreciation 5,548 5,798
Amortization of Premiums, Discounts and Fees, net 3,403 3,130
Amortization of Intangible Asset 107 120
Gain on sale of Subsidiary (773) 0
Originations of Loans Held-for-Sale (332,760) (366,700)
Proceeds From Sales of Loans Held-for-Sale 350,882 369,063
Mortgage Banking Revenues (12,804) (11,225)
Net Additions for Capitalized Mortgage Servicing Rights 48 (138)
Stock Compensation 1,373 1,139
Net Tax Benefit from Stock-Based Compensation (154) 0
Deferred Income Taxes 2,429 1,400
Net Change in Operating Leases 14 208
Net (Gain) Loss on Sales and Write-Downs of Other Real Estate Owned (4,514) 1
Net Decrease in Other Assets 3,770 1,738
Net Increase in Other Liabilities 8,364 4,645
Net Cash Provided By Operating Activities 76,054 52,334
Securities Held to Maturity:    
Purchases (66,697) (20,287)
Proceeds from Payments, Maturities, and Calls 228,784 83,657
Securities Available for Sale:    
Purchases (225,039) (49,436)
Proceeds from Payments, Maturities, and Calls 60,899 55,229
Equity Securities:    
Purchases (60) 0
Net Decrease in Equity Securities 1,191 158
Purchases of Loans Held for Investment (958) (302)
Proceeds from Sales of Loans 39,802 31,462
Net Decrease in Loans Held for Investment 23,666 19,779
Net Cash Received for Divestitures 2,375 0
Proceeds From Sales of Other Real Estate Owned 7,340 33
Purchases of Premises and Equipment (5,967) (6,442)
Net Cash Provided by Investing Activities 65,336 113,851
CASH FLOWS FROM FINANCING ACTIVITIES    
Net Decrease in Deposits (57,065) (122,745)
Net Increase in Short-Term Borrowings 11,940 1,729
Redemption of Subordinated Notes (10,305) 0
Net Increase in Other Long-Term Borrowings 0 677
Dividends Paid (12,625) (11,007)
Payments to Repurchase Common Stock 0 (2,330)
Proceeds from Issuance of Common Stock Under Purchase Plans 710 634
Net Cash Used In Financing Activities (67,345) (133,042)
NET INCREASE IN CASH AND CASH EQUIVALENTS 74,045 33,143
Cash and Cash Equivalents at Beginning of Period 391,854 312,067
Cash and Cash Equivalents at End of Period 465,899 345,210
Supplemental Cash Flow Disclosures:    
Interest Paid 24,148 26,143
Income Taxes Paid 8,700 5,741
Supplemental Noncash Items:    
Loans and Premises Transferred to Other Real Estate Owned 4,290 683
Loans Transferred from Held for Investment to Held for Sale, net $ 40,652 $ 25,640