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, 2026
Mar. 31, 2025
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income Attributable to Common Shareowners $ 15,817 $ 16,858
Adjustments to Reconcile Net Income to Cash Provided by Operating Activities:    
Provision for Credit Losses 712 768
Depreciation 1,816 1,810
Amortization of Premiums, Discounts and Fees, net 792 1,144
Amortization of Intangible Asset 0 40
Originations of Loans Held-for-Sale (95,869) (96,737)
Proceeds From Sales of Loans Held-for-Sale 100,722 105,196
Mortgage Banking Revenues (4,252) (3,820)
Net Additions for Capitalized Mortgage Servicing Rights 21 25
Stock Based Compensation 501 399
Net Tax Benefit from Stock-Based Compensation (132) (154)
Deferred Income Taxes (Benefit) 593 (121)
Net Change in Operating Leases (6) 49
Net Gain on Sales and Write-Downs of Other Real Estate Owned (334) (4,508)
Loss on Disposal of Premises and Equipment 0 46
Net (Increase) Decrease in Other Assets (2,480) 2,388
Net Increase in Other Liabilities (1,966) (1,516)
Net Cash Provided By Operating Activities 15,935 21,867
Securities Held to Maturity:    
Purchases (61,632) (20,438)
Proceeds from Payments, Maturities, and Calls 85,722 70,308
Securities Available for Sale:    
Purchases (192,707) (64,870)
Proceeds from Payments, Maturities, and Calls 33,102 11,683
Equity Securities:    
Purchases (60) 0
Net Decrease in Equity Securities 46 84
Purchases of Loans Held for Investment (269) (304)
Proceeds from Sales of Loans 12,254 13,641
Net Decrease (Increase) in Loans Held for Investment 9,793 (21,101)
Proceeds From Sales of Other Real Estate Owned 2,139 7,309
Purchases of Premises and Equipment (1,279) (2,382)
Net Cash Used In Investing Activities (112,891) (6,070)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net Increase in Deposits 89,305 111,913
Net (Decrease) Increase in Short-Term Borrowings (16,816) 8,896
Principal Payments of Subordinated Notes (9,279) 0
Dividends Paid (4,628) (4,092)
Payments to Repurchase Common Stock (2,639) 0
Proceeds from Issuance of Common Stock Under Purchase Plans 12 195
Net Cash Provided By Financing Activities 55,955 116,912
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (41,001) 132,709
Cash and Cash Equivalents at Beginning of Period 529,971 391,854
Cash and Cash Equivalents at End of Period 488,970 524,563
Supplemental Cash Flow Disclosures:    
Interest Paid 8,443 8,356
Income Taxes Paid 0 0
Supplemental Noncash Items:    
Loans and Premises Transferred to Other Real Estate Owned 1,691 2,566
Loans Transferred from Held for Investment to Held for Sale, net $ 16,248 $ 11,049