CNB Financial Corporation
(NASDAQ:CCNE)

CNB Financial Corporation operates as the bank holding company for CNB Bank that provides a range of banking products and services for individual, business, governmental, and institutional customers. The company accepts checking, savings, and time deposit accounts; and offers real estate, commercial...

Website: http://www.cnbbank.bank

Full Time Employees: 509

Sector: Financial Services

Industry: Banks-Regional

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At a glance:

Bull Thesis:

Bear Thesis:

Main Competitors:

Moat:

Income Statements:

Quarterly

Annual

Unit: USD	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-09-30	2019-06-30

interest and dividend income:
loans including fees	42,020,000	40,534,000	41,139,000	43,581,000	39,034,000	34,562,000	35,510,000	36,165,000	34,295,000
securities:
taxable	3,125,000	2,679,000	2,661,000	2,635,000	2,857,000	2,990,000	3,880,000	3,093,000	3,155,000
tax-exempt	268,000	270,000	351,000	298,000	303,000	359,000	481,000	562,000	584,000
dividends	35,000	45,000	144,000	134,000	162,000	162,000	219,000	265,000	248,000
total interest and dividend income	45,448,000	43,528,000	44,295,000	46,648,000	42,356,000	38,073,000	40,090,000	40,085,000	38,282,000
interest expense:
deposits	3,433,000	4,072,000	4,280,000	4,724,000	5,578,000	5,935,000	7,905,000	7,798,000	7,201,000
borrowed funds and finance lease liabilities	6,000	6,000	6,000
subordinated notes and debentures	1,714,000	1,145,000
total interest expense	5,153,000	5,223,000	5,174,000	6,533,000	7,692,000	8,135,000	10,096,000	10,184,000	9,488,000
net interest income	40,295,000	38,305,000	39,121,000	40,115,000	34,664,000	29,938,000	29,994,000	29,901,000	28,794,000
benefit from credit loss expense	1,100,000
net interest income after benefit from credit loss expense	39,195,000
non-interest income:
service charges on deposit accounts	1,595,000	1,446,000	1,348,000	1,443,000	1,201,000	924,000	1,527,000	1,676,000	1,569,000
other service charges and fees	614,000	601,000	490,000	700,000	652,000	606,000	590,000	761,000	748,000
wealth and asset management fees	1,734,000	1,765,000	1,522,000	1,416,000	1,414,000	1,374,000	1,293,000	1,238,000	1,202,000
net realized gains on available-for-sale securities						2,190,000
net realized and unrealized gains on trading securities	7,000	350,000	120,000	-20,000	202,000	306,000	-588,000	197,000	654,000
mortgage banking	844,000	536,000	1,235,000	1,264,000	1,089,000	664,000	337,000	408,000	370,000
bank owned life insurance	558,000	504,000	940,000	457,000	425,000	386,000	479,000	315,000	326,000
card processing and interchange income	1,958,000	2,079,000	1,834,000	1,668,000	1,606,000	1,325,000	1,128,000	1,195,000	1,221,000
other	1,104,000	576,000	750,000	612,000	189,000	174,000	598,000	486,000	702,000
total non-interest income	8,414,000	7,857,000	8,239,000	7,968,000	6,778,000	7,949,000	5,364,000	6,276,000	6,792,000
non-interest expenses:
salaries and benefits	15,351,000	13,518,000	14,573,000	8,644,500	12,508,000	10,673,000	11,397,000	11,633,000	11,507,000
net occupancy expense	2,950,000	2,935,000	3,269,000	3,391,000	2,870,000	3,059,000	3,027,000	2,683,000	2,695,000
amortization of core deposit intangible	26,000	28,000	28,000	28,000	26,000	69,000	83,000	139,000	166,000
technology expense	2,894,000	2,888,000	2,670,000
state and local taxes	1,050,000	1,029,000	1,017,000	931,000	925,000	903,000	581,000	956,000	954,000
legal, professional, and examination fees	735,000	897,000	1,153,000	481,750	602,000	680,000	645,000	702,000	570,000
advertising	488,000	549,000	281,000	583,000	600,000	411,000	405,000	626,000	473,000
fdic insurance premiums	647,000	557,000	616,000	491,500	726,000	621,000	619,000	107,000	373,000
card processing and interchange expenses	728,000	1,408,000	680,000	943,000	804,000	592,000	796,000	749,000	684,000
merger costs, prepayment penalties and branch closure costs				7,435,000	4,673,000
total non-interest expenses	29,199,000	26,965,000	27,804,000	35,017,000	28,368,000	22,199,000	21,742,000	21,444,000	21,984,000
income before income taxes	18,410,000	17,230,000	17,434,000	9,777,000	9,768,000	10,008,000	10,537,000	12,615,000	11,814,000
income tax expense	3,503,000	3,240,000	3,253,000	1,878,000	1,983,000	1,762,000	1,724,000	2,258,000	2,047,000
net income	14,907,000	13,990,000	14,181,000	7,899,000	7,785,000	8,246,000	8,813,000	10,357,000	9,767,000
yoy	91.48%	69.66%	60.91%	-23.73%	-20.29%
qoq	6.55%	-1.35%	79.53%	1.46%	-5.59%	-6.43%	-14.91%	6.04%
preferred stock dividends	1,076,000	1,075,000	1,075,000
net income available to common stockholders	13,831,000	12,915,000	13,106,000
earnings per common share:
basic	820	760	780	392.5	470
diluted	820	760	780	392.5	470
dividends per common share:
cash dividends per share	0.17	0.17	0.17	0.128	0.17	0.17	0.17	0.17	0.17
other comprehensive income, net of tax:
net change in fair value of interest rate swap agreements designated as cash flow hedges:
unrealized gain on interest rate swaps, net of tax 1, , and 105, respectively	-5
reclassification adjustment for losses recognized in earnings, net of tax (15), (14), (43) and (32), respectively	58
net change in unrealized gains on securities available for sale:
unrealized holding gains arising during the period, net of tax of 970, 272, 2,903 and (2,843), respectively	-3,660
reclassification adjustment for realized gains included in net income, net of tax of 0, 0, 0 and 460, respectively
other comprehensive income	-3,607	2,000	-9,130	2,175	-959	-404	10,063	2,432	5,238
comprehensive income	11,300	15,990	5,051	7,334	6,826	7,842	18,876	12,789	15,005
provision for credit loss expense		1,967,000	2,122,000
net interest income after provision for credit loss expense		36,338,000	36,999,000
net realized and unrealized gains on available-for-sale debt securities
merger costs
unrealized gain on interest rate swaps, net of tax 0, 14, (8) and 106, respectively		2
reclassification adjustment for losses recognized in earnings, net of tax (14), (14), (28) and (18), respectively		48
net change in fair value of interest rate swap agreements designated as cash flow hedges: - sum		50	84	-69.25	56
unrealized holding gains arising during the period, net of tax of (518), (353), 1,933 and (3,115), respectively		1,950
reclassification adjustment for realized gains included in net income, net of tax of 0, 460, 0 and 460, respectively
net change in unrealized gains on securities available for sale: - sum		1,950	-9,214	2,244.25	-1,015
subordinated debentures			888,000	941,000	942,000	933,000	964,000	987,000	995,000
unrealized gain on interest rate swaps, net of tax (8) and 92, respectively			29
reclassification adjustment for losses recognized in earnings, net of tax (14) and (4), respectively			55
unrealized holding gains arising during the period, net of tax of 2,451 and (2,763), respectively			-9,214
reclassification adjustment for realized gains included in net income, net of tax of 0 and 0, respectively
borrowed funds				868,000	1,172,000	1,267,000	1,227,000	1,399,000	1,292,000
provision for loan losses				3,016,250	3,306,000
net interest income after provision for loan losses				20,632,750	31,358,000
data processing				1,735,000	1,475,000	1,213,000	1,336,000	1,329,000	1,437,000
unrealized gain on interest rate swaps, net of tax (1), 14, 105 and 87, respectively				-99.75	2
reclassification adjustment for losses recognized in earnings, net of tax (14), (2), (32) and (7), respectively				30.5	54
unrealized holding gains arising during the period, net of tax of 272, (659), (2,843) and (3,441), respectively				2,676.75	-1,015
reclassification adjustment for realized gains included in net income, net of tax of 0, 0, 460 and 31, respectively				-432.5
benefit from loan losses						5,680,000	3,079,000	2,118,000	1,788,000
net interest income after benefit from loan losses						24,258,000	26,915,000	27,783,000	27,006,000
earnings per share:
basic						0.54	0.57	0.68	0.64
diluted						0.54	0.57	0.68	0.64
dividends per share:
unrealized gain on interest rate swaps, net of tax 14, 46, 106 and 72, respectively						-55
reclassification adjustment for losses recognized in earnings, net of tax (14), , (18) and , respectively						51
unrealized holding gains arising during the period, net of tax of (353), (1,433), (3,115) and (2,781), respectively						1,330
reclassification adjustment for realized gains included in net income, net of tax of 460, 0, 460 and 31, respectively						-1,730
unrealized gain on interest rate swaps, net of tax of 92 and 26, respectively							-346
reclassification adjustment for losses recognized in earnings, net of tax of and , respectively							17
unrealized holding gains arising during the period, net of tax of (2,763) and (1,348), respectively							10,392
reclassification adjustment for realized gains included in net income, net of tax of 0 and 31, respectively
unrealized gain on interest rate swaps, net of tax of 14, 0, 87 and , respectively								-54
reclassification adjustment for losses recognized in earnings, net of tax of , , and (31), respectively								9
unrealized holding gains arising during the period, net of tax of (659), 653, (3,441) and 2,010, respectively								2,477
reclassification adjustment for realized gains included in net income, net of tax of 0, 0, 31 and 0, respectively
unrealized gain on interest rate swaps, net of tax of 46, 0, 72 and , respectively									-173
reclassification adjustment for losses recognized in earnings, net of tax of , (10), and (22), respectively									11
unrealized holding gains arising during the period, net of tax of (1,433), 303, (2,781) and 1,356, respectively									5,400

Balance Sheets:

Quarterly

Annual

Unit: USD	2026-03-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-06-30	2020-03-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-09-30	2015-12-31	2015-03-31	2014-12-31	2014-09-30	2013-12-31	2012-12-31	2011-12-31	2009-12-31	2009-06-30	2009-03-31	2008-09-30	2008-06-30	2008-03-31	2007-09-30	2007-06-30	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2004-09-30	2004-06-30	2004-03-31	2003-09-30	2003-03-31	2002-09-30

assets
cash and cash equivalents due from banks	78,740,000	79,772,000	88,721,000	68,745,000		75,214,000	56,031,000	38,953,000		61,529,000
interest-bearing deposits with federal reserve	517,652,000	351,943,000	332,214,000	447,053,000	375,009,000	281,972,000	271,943,000	259,464,000	164,385,000	117,632,000	62,644,000	132,696,000	43,401,000	153,156,000	217,776,000
interest-bearing deposits with other financial institutions	6,068,000	6,373,000	4,476,000	4,359,000	4,255,000	3,723,000	3,171,000	3,036,000	2,872,000	3,424,000	4,241,000	4,691,000	4,000,000	5,462,000	4,793,000
total cash and cash equivalents	602,460,000	438,088,000	425,411,000	520,157,000	443,035,000	360,909,000	331,145,000	301,453,000	222,046,000	182,585,000	125,163,000	188,593,000	106,285,000	209,796,000	284,154,000	404,974,000	732,198,000	737,050,000	737,673,000	653,243,000	532,694,000	663,348,000	136,341,000	52,161,000	37,930,000	55,282,000	45,563,000	36,500,000	42,327,000	28,604,000	35,345,000	35,675,000	33,049,000	28,369,000	36,904,000	27,261,000	51,635,000	27,928,000	29,397,000	29,633,000	31,881,000	39,703,000	22,358,000					31,224,000	28,477,000	25,229,000	25,551,000	22,932,000	34,292,000	28,185,000		37,200,000	32,208,000	22,135,000	17,766,000	22,758,000	28,046,000	29,152,000	29,976,000
debt securities available-for-sale, at fair value	695,532,000	533,553,000	523,198,000	516,442,000	468,546,000	378,965,000	359,900,000	348,565,000	341,955,000	335,122,000	353,136,000	368,607,000	371,409,000	378,236,000	404,407,000	539,562,000
debt securities held-to-maturity, at amortized cost	225,193,000	249,247,000	270,032,000	282,159,000	306,081,000	328,152,000	354,569,000	381,706,000	388,968,000	391,301,000	394,238,000	402,300,000	404,765,000	408,209,000	413,310,000	307,597,000
equity securities	10,904,000	10,505,000	10,937,000	10,293,000	10,456,000	10,389,000	9,654,000	9,581,000	9,301,000	8,948,000	9,266,000	9,416,000	9,615,000	9,235,000	9,539,000	10,092,000	10,366,000																											1,428,000	1,363,000	5,619,000	6,440,000								13,013,000
loans held for sale	280,000		833,000	860,000	762,000	768,000	642,000	1,010,000	675,000	464,000	1,654,000	448,000	231,000	624,000	843,000	1,563,000	849,000	3,415,000	10,528,000	1,897,000	8,514,000	6,065,000	1,815,000	1,279,000	2,032,000	2,952,000	367,000	775,000	1,661,000	1,460,000	852,000	1,672,000	1,652,000	9,156,000	2,814,000	1,381,000	1,661,000	887,000	1,290,000	487,000	2,398,000	1,442,000	1,218,000					2,747,000	1,923,000	2,767,000	2,420,000	3,452,000	2,603,000	4,547,000		3,154,000	2,508,000	2,596,000	4,038,000	4,142,000	4,164,000	6,148,000	4,463,000
loans receivable
syndicated loans	78,341,000	71,852,000	78,936,000	69,189,000	79,882,000	69,470,000	53,938,000	78,685,000	108,710,000	123,090,000	145,627,000	148,085,000	156,649,000	152,783,000	153,154,000
loans	6,355,679,000	6,396,344,000	4,654,484,000	4,540,820,000	4,529,074,000	4,522,438,000	4,425,754,000	4,352,674,000	4,359,718,000	4,369,028,000	4,319,140,000	4,153,068,000	4,118,370,000	3,871,420,000	3,754,312,000			3,511,125,000	3,469,845,000	3,400,984,000	3,371,789,000	3,034,788,000	2,855,206,000	2,754,569,000	2,627,269,000	2,530,761,000	2,479,348,000	2,391,463,000	2,339,649,000	2,279,753,000	2,149,848,000	2,102,195,000	2,024,307,000	1,912,175,000	1,804,472,000	1,582,354,000	1,359,975,000	1,359,596,000	1,330,580,000	1,299,259,000	931,225,000	852,769,000	718,022,000					620,781,000				538,660,000	532,186,000	526,979,000		497,875,000
total loans receivable	6,434,020,000	6,468,196,000	4,733,420,000	4,610,009,000	4,608,956,000	4,591,908,000	4,479,692,000	4,431,398,000	4,468,476,000	4,492,174,000	4,464,834,000	4,301,297,000	4,275,178,000	4,024,665,000	3,909,753,000
less: allowance for credit losses	-67,055,000	-67,684,000	-48,329,000	-47,357,000	-47,357,000	-46,644,000	-45,532,000	-45,832,000	-45,832,000	-45,832,000	-45,541,000	-43,981,000	-43,436,000	-41,269,000	-40,543,000	-38,117,000	-37,588,000	-37,230,000	-36,908,000	-35,555,000	-34,340,000
net loans receivable	6,366,965,000	6,400,512,000	4,685,091,000	4,562,652,000	4,561,599,000	4,545,264,000	4,434,160,000	4,385,566,000	4,422,644,000	4,446,342,000	4,419,293,000	4,257,316,000	4,231,742,000	3,983,396,000	3,869,210,000
fhlb and other restricted stock holdings and investments	75,493,000	60,859,000	42,192,000	41,844,000	40,702,000	40,937,000	39,415,000	31,017,000	30,011,000	28,329,000	27,883,000	31,194,000	30,715,000	23,923,000	24,484,000
premises and equipment	88,895,000	91,045,000	74,529,000	76,323,000	76,011,000	82,090,000	79,417,000	74,712,000	73,700,000	73,270,000	72,944,000	70,572,000	68,535,000	65,961,000	62,990,000	62,223,000	61,659,000	61,284,000	59,691,000	60,177,000	60,064,000	55,377,000	55,109,000	53,647,000	51,785,000	51,331,000	49,920,000	49,301,000	49,745,000	50,174,000	50,715,000	50,165,000	50,367,000	50,433,000	46,335,000	39,370,000	36,121,000	35,378,000	33,506,000	31,589,000	24,072,000	24,004,000	23,355,000	23,424,000	23,573,000	22,044,000	21,607,000	21,396,000	18,054,000	16,870,000	16,237,000	14,542,000	14,565,000	13,794,000		13,962,000	14,075,000	13,500,000	12,850,000	12,814,000	12,902,000	12,535,000	11,947,000
operating & finance lease right-of-use assets	57,407,000	58,917,000	54,651,000	52,213,000	52,715,000
bank owned life insurance	160,488,000	160,241,000	118,431,000	118,338,000	117,579,000	116,795,000	116,019,000	115,235,000	114,468,000	113,734,000	112,980,000	112,287,000	111,523,000	101,974,000	103,723,000	100,413,000	99,719,000	99,083,000	98,525,000	76,022,000	76,471,000	67,403,000	67,017,000	57,445,000	57,130,000	56,805,000	56,443,000	56,108,000	55,773,000	55,435,000	55,035,000	54,688,000	44,786,000	44,625,000	43,998,000	41,039,000	40,120,000	39,845,000	34,505,000	33,804,000	27,645,000	25,672,000	16,440,000					15,273,000	14,960,000	14,823,000	14,484,000	14,321,000	14,135,000	13,964,000		13,661,000	13,522,000	13,058,000	12,932,000	12,807,000	12,544,000
mortgage servicing rights	2,542,000	2,634,000	1,107,000	1,147,000	1,251,000	1,413,000	1,449,000	1,499,000	1,554,000	1,631,000	1,686,000	1,738,000	1,804,000	1,860,000	1,881,000	1,872,000	1,664,000	1,661,000	1,658,000	1,723,000	1,527,000	1,327,000	1,578,000	1,504,000	1,501,000	1,498,000	1,495,000	1,492,000	1,489,000	1,390,000	1,387,000	1,384,000	1,381,000	1,385,000	1,052,000	962,000	815,000	856,000	897,000	904,000	714,000	906,000	876,000					465,000	450,000	444,000	446,000	448,000	435,000	413,000		396,000	402,000	368,000	404,000	441,000	459,000
goodwill and other intangibles	88,512,000	93,773,000	43,874,000	43,874,000		43,874,000	43,874,000	43,874,000		43,874,000	43,874,000	43,874,000
core deposit intangible	32,688,000	34,727,000	173,000	190,000	206,000	223,000	241,000	260,000	280,000	299,000	320,000	342,000	364,000	386,000	410,000	435,000	460,000	485,000	511,000	539,000	567,000	8,000	77,000	257,000	396,000	562,000	727,000	907,000	1,129,000	1,377,000	1,625,000	1,888,000	2,192,000	2,523,000	3,200,000	2,395,000	3,144,000	3,403,000	3,677,000	4,583,000
accrued interest receivable and other assets	107,537,000	120,218,000	68,018,000	69,016,000	69,193,000	67,646,000	81,020,000	71,159,000	67,782,000	69,944,000	64,719,000	62,029,000	62,135,000	61,993,000	55,144,000	43,685,000	40,676,000	41,019,000	38,666,000	39,382,000	37,382,000	30,014,000	27,302,000	26,159,000	26,092,000	25,819,000	24,266,000	25,998,000	24,476,000	24,226,000	20,442,000	23,255,000	21,078,000	23,837,000	51,797,000	17,933,000	15,956,000	18,661,000	21,454,000	26,040,000	12,980,000	14,290,000	21,426,000						9,164,000	8,875,000	7,555,000	7,293,000	7,173,000	7,553,000		7,287,000	7,640,000	7,195,000	7,183,000	7,398,000	5,920,000	12,817,000	6,897,000
total assets	8,514,896,000	8,254,319,000	6,318,477,000	6,295,508,000	6,192,010,000	6,014,844,000	5,886,571,000	5,801,412,000	5,752,957,000	5,731,908,000	5,663,600,000	5,583,334,000	5,475,179,000	5,317,346,000	5,299,315,000	5,284,000,000	5,328,939,000	5,246,286,000	5,148,334,000	4,901,092,000	4,729,399,000	4,469,551,000	3,779,138,000	3,541,170,000	3,400,974,000	3,287,324,000	3,221,521,000	3,129,313,000	3,009,629,000	2,908,883,000	2,768,773,000	2,745,069,000	2,678,909,000	2,592,307,000	2,539,944,000	2,285,136,000	2,180,140,000	2,189,213,000	2,172,974,000	2,131,289,000	1,773,079,000	1,602,207,000	1,161,591,000	1,034,343,000	1,022,830,000	927,415,000	901,004,000	887,035,000	831,795,000	817,236,000	780,850,000	773,808,000	776,957,000	769,010,000	747,555,000	748,716,000	752,485,000	709,213,000	702,504,000	712,271,000	693,988,000	680,951,000	659,289,000
liabilities and shareholders' equity
non-interest-bearing demand deposits	1,125,257,000
interest-bearing demand deposits	1,015,327,000	970,752,000	698,902,000	719,460,000	706,796,000	681,056,000	693,074,000	719,781,000	803,093,000	781,309,000	861,871,000	958,756,000	1,007,202,000	1,055,367,000	1,147,376,000
savings	3,846,595,000	3,686,511,000	3,162,515,000	3,160,618,000	3,122,028,000	3,040,769,000	3,140,505,000	3,035,823,000	2,960,282,000	2,883,736,000	2,708,386,000	2,442,903,000	2,270,337,000	2,376,694,000	2,398,995,000	2,474,362,000	2,457,745,000	2,350,266,000																										163,810,000	154,175,000	87,399,000	75,140,000								70,436,000
certificates of deposit	1,153,097,000	1,137,590,000	749,877,000	737,602,000	722,860,000	653,832,000	514,348,000	532,771,000	506,494,000	554,740,000	554,744,000	541,847,000	446,461,000	324,088,000	304,277,000	337,939,000	386,452,000	437,023,000
total deposits	7,140,276,000	6,900,267,000	5,467,082,000	5,460,078,000	5,371,364,000	5,216,949,000	5,110,845,000	5,037,553,000	4,998,750,000	5,002,781,000	4,933,075,000	4,754,129,000	4,622,437,000	4,623,811,000	4,701,820,000	4,690,863,000	4,715,619,000	4,593,628,000	4,504,765,000	4,358,100,000	4,181,744,000	3,596,022,000	3,100,216,000	2,875,595,000	2,734,762,000	2,657,359,000	2,610,786,000	2,522,379,000	2,401,565,000	2,210,055,000	2,167,815,000	2,060,610,000	2,076,789,000	2,025,479,000	2,023,781,000	1,815,053,000	1,867,381,000	1,847,079,000	1,866,864,000	1,835,314,000	1,485,003,000	1,353,851,000	956,858,000					690,484,000	649,404,000	647,957,000	631,322,000	624,460,000	623,059,000	623,759,000		600,561,000	604,293,000	582,193,000	577,176,000	584,684,000	569,279,000	559,168,000	539,891,000
short-term borrowings	164,000,000	181,604,000										102,083,000	132,396,000											18,016,000	52,907,000			2,211,000		91,009,000	34,416,000	141,737,000	44,959,000	143,614,000		116,272,000		35,980,000						2,375,000	3,563,000	977,000	1,298,000					4,865,000	854,000	198,000	3,509,000	2,000,000	1,534,000	2,000,000	3,341,000	1,993,000	1,569,000	1,904,000
deposits held for sale	89,923,000	92,830,000																																6,513,000
subordinated debentures	20,620,000	20,620,000	20,620,000	20,620,000	20,620,000	20,620,000	20,620,000	20,620,000	20,620,000	20,620,000	20,620,000	20,620,000	20,620,000	20,620,000	20,620,000	20,620,000	20,620,000			70,620,000	70,620,000	70,620,000	70,620,000	70,620,000	70,620,000	70,620,000	70,620,000	70,620,000	70,620,000	70,620,000	70,620,000	70,620,000	70,620,000	70,620,000	70,620,000	20,620,000	20,620,000	20,620,000	20,620,000	20,620,000	20,620,000	20,620,000	20,620,000	20,620,000	20,620,000	20,620,000	20,620,000	20,620,000	20,620,000	20,620,000	10,310,000	10,310,000	10,310,000	10,310,000	10,000,000	10,310,000	10,310,000	10,310,000	10,310,000	10,000,000
subordinated notes, net of unamortized issuance costs	84,950,000	84,798,000	84,722,000	84,646,000	84,570,000	84,495,000	84,419,000	84,343,000	84,267,000	84,191,000	84,115,000	84,040,000	83,964,000	83,888,000	83,812,000	83,736,000	83,661,000
operating lease liabilities	43,101,000	44,127,000	39,804,000	40,030,000	40,315,000	39,683,000	37,194,000	37,832,000	37,650,000	37,998,000	38,182,000	36,114,000	33,726,000	29,366,000	26,785,000	26,955,000	21,159,000	20,847,000	19,014,000	19,234,000	19,449,000	19,071,000	19,397,000	17,696,000	17,862,000	17,109,000
accrued interest payable and other liabilities	82,925,000	85,888,000	68,968,000	65,626,000	64,446,000	46,734,000	46,793,000	42,424,000	40,423,000	37,106,000	37,974,000	39,921,000	51,274,000	43,533,000	42,690,000	35,891,000	45,033,000	39,910,000	40,470,000	35,535,000	41,449,000	37,253,000	38,381,000	32,125,000	33,331,000	27,272,000	32,168,000	29,516,000	29,739,000	26,999,000	29,069,000	27,233,000	28,268,000	26,398,000	24,852,000	27,035,000	20,605,000	21,271,000	19,996,000	22,494,000	24,286,000	21,391,000	13,321,000
total liabilities	7,625,795,000	7,410,134,000	5,681,196,000	5,671,000,000	5,581,315,000	5,408,481,000	5,299,871,000	5,222,772,000	5,181,710,000	5,182,696,000	5,113,966,000	5,036,907,000	4,944,417,000	4,801,218,000	4,875,727,000	4,858,065,000	4,886,092,000	4,808,597,000	4,718,385,000	4,483,489,000	4,313,262,000	4,139,279,000	3,454,336,000	3,244,137,000	3,114,359,000	3,012,365,000	2,958,691,000	2,874,937,000	2,759,736,000	2,664,072,000	2,524,863,000	2,500,621,000	2,438,617,000	2,358,089,000	2,324,455,000	2,083,223,000	1,984,258,000	2,000,665,000	1,991,357,000	1,966,378,000	1,627,715,000	1,470,318,000	1,092,182,000	970,621,000	959,214,000	859,643,000	831,608,000	818,182,000	762,304,000	748,804,000	708,571,000	702,019,000	706,869,000	699,016,000	677,820,000	679,127,000	682,848,000	641,680,000	636,485,000	644,058,000	629,177,000	618,612,000	599,786,000
commitments and contingent liabilities
preferred stock, series a non-cumulative perpetual, 0 par value; 1,000 liquidation preference; shares authorized 60,375;shares issued 60,375 at march 31, 2026 and december 31, 2025	57,785,000
common stock
additional paid in capital	423,292,000	421,770,000	218,375,000	220,254,000	219,876,000	219,304,000	218,756,000	218,224,000	220,495,000	220,100,000	219,723,000	219,561,000	221,553,000	221,326,000	126,986,000	126,703,000	127,351,000	127,124,000	126,875,000	126,572,000	127,518,000	102,374,000	102,128,000	97,690,000	97,414,000	97,139,000	97,602,000	97,328,000	97,059,000	96,786,000	97,042,000	96,697,000	96,490,000	96,283,000	77,543,000	77,827,000	77,339,000	78,022,000	77,892,000	77,923,000	44,223,000	44,350,000	12,631,000					12,897,000	13,057,000	13,058,000	13,250,000	13,250,000	13,269,000	4,015,000		4,150,000	4,134,000	4,289,000	4,294,000	4,221,000	4,054,000	3,816,000	3,683,000
retained earnings	445,265,000	397,667,000	397,004,000	387,925,000	381,296,000	371,086,000	361,987,000	353,780,000	345,935,000	336,690,000	327,707,000	318,629,000	306,911,000	295,803,000	283,204,000	271,792,000	260,582,000	249,978,000	239,017,000	228,973,000	218,727,000	213,327,000	207,698,000	193,612,000	185,838,000	178,662,000	171,780,000	165,427,000	158,790,000	152,872,000	148,298,000	147,132,000	142,409,000	138,250,000	131,643,000	123,301,000	113,800,000	110,619,000	106,252,000	97,066,000	88,960,000	80,038,000	68,676,000					66,813,000	65,642,000	64,601,000	62,957,000	61,780,000	60,689,000	59,612,000		57,242,000	56,246,000	53,736,000	52,896,000	52,082,000	55,580,000	53,046,000	51,247,000
treasury stock	-2,971,000	-2,476,000	-2,420,000	-4,944,000	-4,689,000	-4,516,000	-4,438,000	-3,946,000	-6,890,000	-6,862,000	-4,996,000	-2,867,000	-2,967,000	-2,975,000	-3,026,000	-2,998,000	-2,477,000	-1,535,000	-1,672,000	-1,671,000	-2,967,000	-2,027,000	-2,026,000	-2,799,000	-2,735,000	-1,702,000	-2,556,000	-608,000	-608,000	-602,000	-1,087,000	-544,000	-541,000	-287,000	-163,000	-1,114,000	-1,205,000	-1,152,000	-1,742,000	-633,000	-1,743,000	-3,260,000	-7,023,000						-9,720,000			-4,141,000	-3,987,000	-3,602,000		-2,699,000	-1,801,000	-2,021,000	-1,274,000	-1,224,000	-1,387,000	-1,056,000	-1,094,000
accumulated other comprehensive loss	-34,270,000	-30,561,000	-33,463,000	-36,512,000	-43,573,000	-37,296,000	-47,390,000	-47,203,000	-46,078,000	-58,501,000	-50,585,000	-46,681,000	-52,520,000	-55,811,000	-41,361,000	-27,347,000											-3,996,000	-7,771,000	-5,348,000	-4,245,000	-343,000			-28,000					-785,000				-4,875,000					-1,358,000
total shareholders' equity	889,101,000	844,185,000	637,281,000
total liabilities and shareholders' equity	8,514,896,000	8,254,319,000	6,318,477,000
noninterest-bearing demand deposits		1,105,414,000	855,788,000	842,398,000	819,680,000	841,292,000	762,918,000	749,178,000	728,881,000	782,996,000	808,074,000	810,623,000	898,437,000	867,662,000	851,172,000
preferred stock, series a non-cumulative perpetual, 0 par value; 1,000 liquidation preference; shares authorized 60,375;shares issued 60,375 at september 30, 2025 and december 31, 2024		57,785,000
preferred stock, series a non-cumulative perpetual, 0 par value; 1,000 liquidation preference; shares authorized 60,375;shares issued 60,375 at june 30, 2025 and december 31, 2024			57,785,000
liabilities and shareholders’ equity
preferred stock, series a non-cumulative perpetual, 0 par value; 1,000 liquidation preference; shares authorized 60,375;shares issued 60,375 at march 31, 2025 and december 31, 2024				57,785,000
total shareholders’ equity				624,508,000	610,695,000	606,363,000	586,700,000	578,640,000	571,247,000	549,212,000	549,634,000	546,427,000	530,762,000	516,128,000	423,588,000	425,935,000	442,847,000	437,689,000	429,949,000	417,603,000	416,137,000	330,272,000	324,802,000	297,033,000	286,615,000	274,959,000	262,830,000	254,376,000	249,893,000	244,811,000	243,910,000	244,448,000	240,292,000	234,218,000	215,489,000	201,913,000	195,882,000	188,548,000	181,617,000	164,911,000	145,364,000	131,889,000	69,409,000					68,853,000	69,491,000	68,432,000	72,279,000	71,789,000	70,088,000	69,994,000		69,589,000	69,637,000	67,533,000	66,019,000	68,213,000	64,811,000	62,339,000	60,813,000
total liabilities and shareholders’ equity				6,295,508,000	6,192,010,000	6,014,844,000	5,886,571,000	5,801,412,000	5,752,957,000	5,731,908,000	5,663,600,000	5,583,334,000	5,475,179,000	5,317,346,000	5,299,315,000	5,284,000,000	5,328,939,000	5,246,286,000	5,148,334,000	4,901,092,000	4,729,399,000	4,469,551,000	3,779,138,000	3,541,170,000	3,400,974,000	3,287,324,000	3,221,521,000	3,129,313,000	3,009,629,000	2,908,883,000	2,768,773,000	2,745,069,000	2,678,909,000	2,592,307,000	2,539,944,000	2,285,136,000	2,180,140,000	2,189,213,000	2,172,974,000	2,131,289,000	1,773,079,000	1,602,207,000	1,161,591,000	1,034,343,000	1,022,830,000	927,415,000	901,004,000								747,555,000
cash and due from banks					63,771,000				54,789,000		58,278,000	51,206,000	58,884,000	51,178,000	61,585,000	47,137,000	42,440,000	49,897,000	49,763,000	43,518,000	44,368,000	45,563,000	58,922,000	47,089,000	33,926,000	52,833,000	43,327,000	34,637,000	39,541,000	26,306,000	33,146,000	32,869,000	31,293,000	26,639,000	34,787,000	23,302,000	47,762,000	24,520,000	26,069,000	25,769,000	28,570,000	36,032,000	19,959,000	36,135,000	32,882,000	29,003,000	20,292,000	24,916,000	14,585,000	17,316,000	18,530,000	16,182,000	16,341,000	13,226,000		14,380,000	16,341,000	14,939,000	14,397,000	13,856,000	14,295,000	19,176,000	18,464,000
goodwill and other intangible assets					43,874,000				43,874,000
preferred stock, series a non-cumulative perpetual, no par value; 1,000 liquidation preference; shares authorized 60,375; shares issued 60,375 at december 31, 2024 and 2023					57,785,000
operating lease right-of-use assets						37,419,000	35,066,000	35,775,000	35,699,000	36,065,000	36,444,000	34,618,000	32,307,000	28,004,000	25,471,000	25,698,000	19,928,000				18,407,000
preferred stock, series a non-cumulative perpetual, 0 par value; 1,000 liquidation preference; shares authorized 60,375;shares issued 60,375 at september 30, 2024 and december 31, 2023						57,785,000
preferred stock, series a non-cumulative perpetual, 0 par value; 1,000 liquidation preference; shares authorized 60,375;shares issued 60,375 at june 30, 2024 and december 31, 2023							57,785,000
ppp loans, net of deferred processing fees								39,000	48,000	56,000	67,000	144,000	159,000	462,000	2,287,000
preferred stock, series a non-cumulative perpetual, 0 par value; 1,000 liquidation preference; shares authorized 60,375;shares issued 60,375 at march 31, 2024 and december 31, 2023								57,785,000
preferred stock, series a non-cumulative perpetual, no par value; 1,000 liquidation preference; shares authorized 60,375; shares issued 60,375 at december 31, 2023 and 60,375 at december 31, 2022									57,785,000
preferred stock, series a non-cumulative perpetual, 0 par value; 1,000 liquidation preference; shares authorized 60,375;shares issued 60,375 at september 30, 2023 and december 31, 2022										57,785,000
preferred stock, series a non-cumulative perpetual, 0 par value; 1,000 liquidation preference; shares authorized 60,375;shares issued 60,375 at june 30, 2023 and december 31, 2022											57,785,000
preferred stock, series a non-cumulative perpetual, 0 par value; 1,000 liquidation preference; shares authorized 60,375;shares issued 60,375 at march 31, 2023 and december 31, 2022												57,785,000
goodwill													43,749,000	43,749,000	43,749,000	43,749,000	43,749,000	43,749,000	43,749,000	43,749,000	43,749,000	38,730,000	38,730,000	38,730,000	38,730,000	38,730,000	38,730,000	38,730,000	38,730,000	38,730,000	38,730,000	38,730,000	38,730,000	38,730,000	38,967,000	27,194,000	27,194,000	27,194,000	27,194,000	27,194,000	10,946,000	10,821,000	10,821,000					10,821,000	10,821,000	10,821,000	10,821,000	10,821,000	10,821,000	10,821,000		10,821,000	10,821,000	10,821,000	10,821,000	10,821,000	10,821,000	10,821,000	10,821,000
preferred stock, series a non-cumulative perpetual, no par value; 1,000 liquidation preference; shares authorized 60,375; shares issued 60,375 at december 31, 2022 and 60,375 at december 31, 2021													57,785,000
preferred stock, series a non-cumulative perpetual, 0 par value; 1,000 liquidation preference; shares authorized 60,375;shares issued 60,375 at september 30, 2022 and december 31, 2021														57,785,000
preferred stock, series a non-cumulative perpetual, 0 par value; 1,000 liquidation preference; shares authorized 60,375;shares issued 60,375 at june 30, 2022 and december 31, 2021															57,785,000
interest bearing deposits with other banks																357,837,000	689,758,000	687,153,000	687,910,000	609,725,000	488,326,000	617,785,000	77,419,000	5,072,000	4,004,000	2,449,000	2,236,000	1,863,000	2,786,000	2,298,000	2,199,000	2,806,000	1,756,000	1,730,000	2,117,000	3,959,000	3,873,000	3,408,000	3,328,000	3,864,000	3,311,000	3,671,000	2,399,000					2,193,000	7,150,000	7,904,000	7,014,000									8,902,000		9,976,000	11,512,000
ppp, net of deferred processing fees																18,416,000
syndicated																147,085,000	125,761,000
all other																3,590,862,000	3,463,828,000
total loans																3,756,363,000	3,634,792,000																											676,550,000	675,843,000	639,417,000	626,267,000								495,292,000
net loans																3,718,246,000	3,597,204,000	3,473,895,000	3,432,937,000	3,365,429,000	3,337,449,000	3,005,642,000	2,828,745,000	2,729,295,000	2,600,921,000	2,505,744,000	2,454,853,000	2,364,445,000	2,313,170,000	2,255,368,000	2,126,266,000	2,080,725,000	2,003,560,000	1,892,405,000	1,785,155,000	1,561,061,000	1,338,444,000	1,337,916,000	1,308,532,000	1,279,129,000	913,764,000	837,268,000	705,347,000					608,010,000	579,952,000	565,393,000	540,934,000	531,986,000	525,830,000	520,833,000		492,237,000	494,769,000	480,134,000	471,323,000	464,915,000	441,062,000	422,921,000	402,353,000
fhlb, other equity interests																23,891,000
non-interest bearing demand deposits																817,611,000		774,851,000
interest bearing demand deposits																1,060,951,000	1,079,336,000	1,031,488,000
preferred stock, series a non-cumulative perpetual, 0 par value; 1,000 liquidation preference; shares authorized 60,375;shares issued 60,375 at march 31, 2022 and december 31, 2021																57,785,000
debt securities available for sale, at fair value																	697,191,000	732,793,000	675,100,000	613,461,000	584,908,000
ppp																	45,203,000
fhlb and other equity interests																	23,276,000				21,018,000						24,508,000				21,517,000	26,145,000	23,298,000	20,185,000	18,334,000	15,921,000	4,923,000	6,695,000	8,491,000	7,533,000	6,684,000	6,537,000	6,907,000
non-interest bearing deposits																	792,086,000		727,177,000	699,231,000	627,114,000	507,236,000	376,840,000	370,761,000	352,570,000	345,386,000	356,797,000	345,154,000	314,906,000	311,052,000	321,858,000	313,543,000	313,871,000	291,579,000	293,049,000	263,639,000	259,512,000	244,743,000	245,914,000	221,293,000	175,239,000	152,732,000	116,310,000					99,593,000	91,450,000	89,386,000	82,574,000	84,433,000	79,382,000	80,176,000		75,899,000	71,817,000	73,653,000	67,430,000	67,055,000	60,556,000	60,184,000	61,253,000
preferred stock, series a non-cumulative perpetual, 0 par value; 1,000 liquidation preference; shares authorized 60,375; shares issued 60,375 at december 31, 2021 and 60,375 at december 31, 2020																	57,785,000
accumulated other comprehensive income																	-394,000	4,337,000	7,944,000	5,944,000	15,074,000	16,598,000	17,002,000	8,530,000	6,098,000	860,000						1,163,000	1,934,000		6,466,000	1,899,000	5,948,000	1,059,000		-9,445,000	13,924,000	10,761,000							512,000	717,000	1,343,000	900,000	117,000	735,000		1,662,000	1,824,000	2,295,000	869,000	3,900,000	2,870,000	2,839,000
trading securities																		9,941,000	9,960,000	6,877,000	6,649,000	5,889,000	5,507,000	9,088,000	8,904,000	8,642,000	7,786,000	8,887,000	7,545,000	7,256,000	7,150,000	5,981,000	5,751,000	5,548,000	4,644,000	4,576,000	4,502,000	4,505,000	4,440,000	4,127,000	4,459,000	3,233,000	955,000					5,486,000
fhlb, other equity, and restricted equity interests																		22,259,000	21,478,000	20,463,000		28,661,000	27,975,000	24,901,000	24,501,000	23,129,000		23,836,000	22,689,000	26,564,000
operating lease assets																		19,652,000	17,858,000	18,130,000		17,993,000	18,360,000	16,837,000	17,082,000	16,222,000
subordinated notes and debentures																		154,212,000	154,136,000
preferred stock, series a non-cumulative perpetual, 0 par value; 1,000 liquidation preference; authorized 60,375 shares; issued 60,375 shares at september 30, 2021 and december 31, 2020, respectively																		57,785,000
interest bearing deposits																			3,777,588,000	3,658,869,000	3,554,630,000	3,088,786,000	2,723,376,000	2,504,834,000	2,382,192,000	2,311,973,000	2,253,989,000	2,177,225,000	2,086,659,000	1,899,003,000	1,845,957,000	1,747,067,000	1,762,918,000	1,733,900,000	1,730,732,000	1,551,414,000	1,607,869,000	1,602,336,000	1,620,950,000	1,614,021,000	1,309,764,000	1,201,119,000	840,548,000					590,891,000	557,954,000	558,571,000	548,748,000	540,027,000	543,677,000	543,583,000		524,662,000	532,476,000	508,540,000	509,746,000	517,629,000	508,723,000	498,984,000	478,638,000
preferred stock, series a non-cumulative perpetual, 0 par value; 1,000 liquidation preference; authorized 60,375 shares; issued 60,375 shares at june 30, 2021 and december 31, 2020, respectively																			57,785,000
preferred stock, series a non-cumulative perpetual, 0 par value; 1,000 liquidation preference; authorized 60,375 shares; issued 60,375 shares at march 31, 2021 and december 31, 2020, respectively																				57,785,000
fhlb and other long-term borrowings																											245,117,000				222,943,000				129,202,000	104,243,000	75,652,000	75,715,000	75,777,000	75,000,000
preferred stock, series a non-cumulative perpetual, 0 par value; 1,000 liquidation preference; authorized 60,375 shares; issued 60,375 shares at december 31, 2020 and no shares issued at december 31, 2019																					57,785,000
securities available for sale																						549,094,000	570,582,000	529,867,000	533,970,000	500,608,000	516,863,000	522,334,000	450,895,000	418,299,000	409,709,000	424,761,000	453,065,000	475,111,000	506,744,000	546,043,000	655,400,000	685,720,000	699,366,000	685,991,000	737,311,000	638,107,000	345,415,000					171,692,000	162,215,000	166,484,000	156,696,000	162,532,000	161,304,000	163,403,000		164,605,000	170,548,000	153,523,000	159,185,000	170,611,000	172,069,000	180,001,000	188,721,000
less: unearned discount																						-4,617,000	-4,546,000	-5,067,000	-4,911,000	-4,671,000	-4,791,000	-4,508,000	-4,357,000	-3,629,000	-3,889,000	-3,621,000	-3,478,000	-3,224,000	-3,614,000	-4,556,000	-3,849,000	-4,307,000	-4,205,000	-3,896,000	-3,401,000	-2,886,000	-2,880,000					5,802,000	2,626,000	1,700,000	926,000	583,000	403,000	377,000		36,000	54,000	158,000	222,000	305,000	532,000	917,000	1,417,000
less: allowance for loan losses																						-24,529,000	-21,915,000	-20,207,000	-21,437,000	-20,346,000	-19,704,000	-22,510,000	-22,122,000	-20,756,000	-19,693,000	-17,849,000	-17,269,000	-16,546,000	-15,703,000	-16,737,000	-17,682,000	-17,373,000	-17,843,000	-16,234,000	-14,060,000	-12,615,000	-9,795,000					6,969,000	6,452,000	6,334,000	6,086,000	6,091,000	5,953,000	5,769,000		5,602,000	5,597,000	6,003,000	5,989,000		5,783,000		4,682,000
fhlb and other long term borrowings																						416,313,000	225,722,000	230,085,000	204,877,000	240,005,000		250,211,000	257,812,000	265,389,000		200,421,000	217,981,000	85,465,000
other short-term borrowings																																			76,000,000				8,100,000	12,950,000
interest bearing time deposits with other banks																																					225,000	225,000	225,000	275,000	225,000	224,000	6,388,000					4,493,000
fhlb and other borrowings																																									97,806,000	74,456,000	100,003,000					98,000,000	83,000,000	72,145,000	57,885,000
treasury, tax and loan borrowings																																											1,380,000					1,199,000	2,000,000	2,000,000	2,000,000
federal funds sold																																																4,115,000	6,742,000	9,000	7,000
other intangible assets																																											85,000					260,000	311,000	335,000	385,000									867,000		1,181,000
assets:
interest-bearing deposits with other banks																																												9,054,000	8,693,000	7,010,000	6,561,000
federal funds sold and securities purchased under agreements to resell																																												2,000	5,000		13,744,000								9,576,000
securities:
taxable																																												195,154,000	188,543,000	150,159,000	146,603,000								120,938,000
tax-exempt																																												52,316,000	52,635,000	28,842,000	27,699,000								40,784,000
total																																												257,954,000	251,239,000	204,395,000	201,047,000
loans:
commercial																																												240,537,000	241,012,000	241,429,000	237,736,000								187,985,000
mortgage																																												388,487,000	386,901,000	350,405,000	341,558,000								278,256,000
consumer																																												47,526,000	47,930,000	47,583,000	46,973,000
total earning assets																																												934,504,000	927,082,000	843,812,000	827,314,000								687,025,000
non interest-bearing assets:
other assets																																												49,327,000	48,228,000	39,829,000	38,875,000								35,734,000
allowance for loan losses																																												-9,047,000	-8,935,000	-7,273,000	-7,084,000								-5,596,000
total non interest-bearing assets																																												99,839,000	95,748,000	83,603,000	73,690,000
liabilities and shareholders’ equity:
demand - interest-bearing																																												242,389,000	235,934,000	199,320,000	185,564,000								142,298,000
time																																												323,349,000	328,066,000	349,576,000	350,145,000								317,444,000
total interest-bearing deposits																																												729,548,000	718,175,000	636,295,000	610,849,000								530,178,000
long-term borrowings																																												106,656,000	107,463,000	99,656,000	98,333,000								53,102,000
total interest-bearing liabilities																																												859,199,000	849,821,000	757,548,000	731,100,000								596,789,000
demand - non interest-bearing																																												100,322,000	98,245,000	96,545,000	94,363,000
other liabilities																																												11,100,000	11,148,000	5,550,000	6,145,000								6,577,000
shareholders’ equity																																												63,722,000	63,616,000	67,772,000	69,396,000								69,735,000
interest income/earning assets																																												6,040	6,120	6,790	6,870								6,290
interest expense/interest-bearing liabilities																																												2,150	2,240	2,680	2,710
net interest spread																																												3,890	3,880	4,110	4,160								3,620
interest income/interest-bearing assets																																												6,040	6,120	6,790	6,870
interest expense/interest-bearing assets																																												1,970	2,050	2,410	2,400
net interest margin																																												4,070	4,070	4,390	4,470								3,970
federal funds sold and securities purchased under agreements to resell securities:																																														12,765,000
fhlb, frb and other equity interests																																																5,682,000			5,321,000	4,992,000	5,206,000	4,800,000		4,999,000
accrued interest and other assets																																																9,486,000
liabilities
deposits:
accrued interest and other liabilities																																																7,879,000	7,280,000	6,082,000	7,054,000	5,384,000	5,646,000	6,499,000		6,756,000	7,211,000	7,177,000	5,658,000	7,381,000	8,329,000	7,540,000	7,895,000
common stock 0 par value
authorized 50,000,000 shares issued 9,233,750 shares
2008 and 679,948 shares at december 31, 2007)																																																-9,499,000
total liabilities & shareholders’ equity																																																887,035,000	831,795,000	817,236,000	780,850,000	773,808,000	776,957,000	769,010,000		748,716,000	752,485,000	709,213,000	702,504,000	712,271,000	693,988,000	680,951,000	660,599,000
loans and leases																																																	589,030,000	573,427,000	547,946,000						500,420,000	486,295,000	477,534,000	471,075,000	447,377,000	429,268,000	408,452,000
fhlb, and other equity interests																																																	5,468,000	5,195,000
common stock 0 par value authorized 50,000,000 shares issued 9,233,750 shares
authorized 50,000,000 shares
issued 9,233,750 shares																																																						9,234,000			9,234,000			9,234,000
interest bearing deposits with other financial institutions																																																				6,750,000	17,951,000	14,959,000		22,820,000	15,867,000	7,196,000	3,369,000		13,751,000
intangible assets																																																				489,000	593,000	697,000		394,000
other borrowings																																																				57,000,000	67,000,000										52,000,000
federal home loan bank advances																																																						58,250,000		59,500,000	59,500,000	40,000,000	40,000,000	40,000,000	40,000,000	40,000,000
common stock 1.00 par value
authorized 10,000,000 shares
interest-bearing deposits with banks																																																							7,422,000
total securities																																																							191,733,000
installment																																																							27,905,000
leasing																																																							1,146,000
non interest bearing assets
cash & due from banks																																																							16,323,000
premises & equipment																																																							14,069,000
total non interest earning assets																																																							60,530,000
interest-bearing deposits
demand - non-interest-bearing																																																							74,454,000
interest expense/interest bearing liabilities																																																							2,670
interest income/interest earning assets																																																							6,290
interest expense/interest earning assets																																																							2,320
common stock 1.00 par value authorized 10,000,000 shares issued 9,233,750 shares																																																								9,234,000
fhlb, frb and other bank stock																																																									5,519,000
intangible																																																									473,000	709,000	788,000		1,024,000
fhlb and federal reserve stock																																																										5,174,000	5,214,000	4,697,000	4,977,000	4,893,000	4,111,000
common stock 1.00 par value authorized 10,000,000 shares, issued 9,233,750 shares for september 2004 and 3,693,500 shares for december 2003																																																										9,234,000
common stock 1.00 par value authorized 10,000,000 shares issued 9,233,750 shares for june 2004 and 3,693,500 shares for december 2003																																																											9,234,000
less: allowance for loan and lease losses																																																												5,855,000		5,430,000
trust preferred securities																																																													10,000,000
issued 3,693,500 shares																																																													3,694,000
motgage servicing rights																																																														482,000
trust prefered securities																																																														10,000,000
common stock 1.00 par value authorized 10,000,000 shares issued 3,693,500 shares																																																														3,694,000	3,694,000
intangibles																																																															1,340,000
(52,786 shares for september 2002, and 53,568 for december 2001) accumulated other comprehensive income																																																															3,283,000

Cashflow Statements:

Quarterly

Annual

Unit: USD	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-03-31	2020-06-30	2020-03-31	2019-09-30	2019-06-30	2019-03-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2015-03-31	2014-12-31	2013-03-31	2012-12-31	2012-03-31	2010-09-30	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-09-30	2008-06-30	2008-03-31	2007-03-31	2006-03-31	2005-03-31	2004-09-30	2004-06-30	2004-03-31	2003-03-31

cash flows from operating activities:
net income	7,045,000	13,956,000	11,481,000	15,064,000	13,954,000	12,957,000	12,600,000	13,977,000	13,727,000	13,827,000	16,489,000	15,880,000	16,625,000	15,438,000	15,245,000	14,181,000	8,246,000	8,813,000	10,357,000	9,767,000	9,473,000	9,236,000	8,441,000	7,097,000	3,451,000	7,246,000	6,683,000	6,480,000	5,565,000	6,743,000	4,297,000	3,890,000	4,347,000	3,106,000	1,549,000	2,249,000	2,488,000	2,226,000	372,000	2,176,000	2,002,000	1,921,000	2,431,000	2,047,000	2,033,000	2,015,000	2,015,000	2,009,000
adjustments to reconcile net income to net cash from operations:
benefit from credit loss expense	18,456,000	4,338,000	1,556,000	2,930,000	2,381,000	2,591,000	1,320,000	1,242,000	1,056,000	2,405,000	1,290,000	2,950,000	1,091,000	2,905,000	1,643,000	2,122,000
depreciation and amortization of premises and equipment, operating leases assets, core deposit intangible, and mortgage servicing rights	3,189,000	1,841,000	2,059,000	2,408,000	1,940,000	2,023,000	1,898,000	1,936,000	1,961,000	1,919,000	1,923,000	1,317,000	1,773,000	1,725,000	1,758,000	1,721,000	1,615,000	1,299,000	1,308,000	1,339,000	1,509,000
accretion of securities, deferred loan fees and costs, net yield and credit mark on acquired loans, and unearned income	-4,797,000	-1,809,000	-1,605,000	-1,069,000	-1,049,000	-1,072,000	-1,395,000	-187,000	-804,000	-830,000	-1,334,000	-1,070,000	-505,000	-756,000	-985,000
net amortization of deferred costs on borrowings	76,000	76,000	76,000	75,000	76,000	76,000	76,000	76,000	76,000	75,000	76,000	76,000	76,000	76,000	75,000
net realized (gains) losses on sales of available-for-sale securities
net realized and unrealized gains on equity securities	-664,000
(gain) loss on sale of loans held for sale
net (gains) losses on dispositions of premises and equipment and foreclosed assets			-13,000																									-81,000
proceeds from sale of loans receivable	8,963,000	6,025,000	2,750,000	8,777,000	7,251,000	6,882,000	5,024,000	3,873,000	4,829,000	4,705,000	2,856,000	3,716,000	8,068,000
origination of loans held for sale	-8,130,000	-6,315,000	-2,848,000	-8,749,000	-7,263,000	-6,948,000	-5,491,000	-4,144,000	-3,993,000	-6,356,000	-3,381,000	-3,343,000	-7,670,000	-7,523,000	-15,645,000	-18,612,000	-36,558,000	-9,412,000	-11,513,000	-11,476,000	-7,118,000	-7,630,000	-5,950,000	-4,824,000	-5,230,000	-9,287,000	-6,338,000	-4,376,000	-2,622,000	-3,264,000	-9,417,000	-9,102,000	-6,730,000	-6,182,000	-6,630,000	-11,532,000	-21,378,000	-10,177,000	-2,577,000	-4,267,000	-3,018,000	-2,840,000
income on bank owned life insurance	-975,000	-796,000	-760,000	-784,000	-775,000	-784,000	-767,000	-734,000	-754,000	-693,000	-764,000	-655,000	-641,000	-560,000	-694,000		-386,000	-479,000	-315,000	-326,000	-361,000	-335,000	-339,000	-400,000				-352,000	-276,000	-340,000	-262,000	-221,000	-261,000
gain on bank owned life insurance	0											0	-53,000
restricted stock compensation expense	791,000	645,000	455,000	389,000	471,000	482,000	883,000	377,000	350,000	345,000	616,000	235,000	256,000	256,000	501,000
change in:
accrued interest receivable and other assets	-7,837,000	673,000	-667,000	330,000	13,246,000	-9,734,000	-3,453,000	1,337,000	-4,747,000					-10,668,000	-3,102,000	-2,190,000	-2,636,000	-4,061,000	851,000	-1,039,000	-707,000	-1,378,000	-244,000	-4,134,000	-4,004,000	4,553,000	-290,000	-1,434,000	2,855,000	2,006,000	-876,000	1,543,000	5,000	-1,463,000	-3,905,000	-410,000	-245,000	945,000	-3,969,000
accrued interest payable, lease liabilities, and other liabilities	-8,753,000	2,275,000	-1,100,000	4,388,000	-3,018,000	4,035,000	2,064,000	-553,000	938,000					10,412,000	-2,521,000	-3,572,000	-1,022,000	-1,285,000	-1,667,000	4,909,000	-6,520,000
net cash from operating activities	7,050,000	20,230,000	11,599,000	22,241,000	26,371,000	10,440,000	12,460,000	17,718,000	12,909,000	11,582,000	4,814,000	25,771,000	16,467,000	18,027,000	3,788,000	11,110,000	138,000	14,417,000	12,867,000	17,221,000	1,394,000	9,549,000	13,794,000	4,142,000	10,835,000	8,245,000	11,457,000	226,000	5,248,000	9,446,000	4,854,000	11,625,000	6,335,000	-162,000	4,149,000	5,036,000	606,000	5,143,000	4,929,000	-400,000	3,208,000	2,939,000	1,916,000	2,856,000	4,458,000			-1,544,000
capital expenditures	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0			0
free cash flows	7,050,000	20,230,000	11,599,000	22,241,000	26,371,000	10,440,000	12,460,000	17,718,000	12,909,000	11,582,000	4,814,000	25,771,000	16,467,000	18,027,000	3,788,000	11,110,000	138,000	14,417,000	12,867,000	17,221,000	1,394,000	9,549,000	13,794,000	4,142,000	10,835,000	8,245,000	11,457,000	226,000	5,248,000	9,446,000	4,854,000	11,625,000	6,335,000	-162,000	4,149,000	5,036,000	606,000	5,143,000	4,929,000	-400,000	3,208,000	2,939,000	1,916,000	2,856,000	4,458,000			-1,544,000
cash flows from investing activities:
proceeds from maturities, prepayments and calls of available-for-sale securities	39,196,000	31,240,000	19,608,000	21,195,000	23,028,000	12,007,000	9,227,000	12,931,000	9,627,000	9,348,000	10,820,000	10,360,000	12,444,000	16,754,000	30,475,000	44,082,000	44,414,000	27,389,000	23,548,000	20,135,000	20,152,000	22,725,000	14,100,000	7,780,000	32,955,000	17,989,000	19,812,000	21,546,000	25,021,000	22,374,000
proceeds from sales of available-for-sale securities				760,000				0	0	3,492,000	9,659,000	0	0	0	22,164,000				0	0	11,403,000				966,000	7,756,000	5,435,000	2,183,000	32,949,000	22,410,000
purchase of available-for-sale securities	-74,944,000	-34,406,000	-58,805,000	-119,920,000	-29,616,000	-23,797,000	-17,516,000	-4,150,000	-1,900,000	-2,600,000	-10,603,000	-50,000	-5,328,000	-12,874,000	-30,181,000	-84,961,000	-74,624,000	-46,882,000	-16,555,000	-46,735,000	-9,252,000	-97,460,000	-48,379,000	-21,634,000	-20,069,000	-1,352,000	0	-2,268,000	-20,763,000	-28,341,000
proceeds from maturities, prepayments and calls of held-to-maturity securities	21,034,000	12,373,000	24,167,000	22,307,000	26,686,000	27,395,000	7,495,000	2,580,000	3,215,000	8,313,000	2,698,000	3,760,000	5,528,000	7,487,000	7,220,000
proceeds from sale of equity securities
purchase of equity securities	-68,000	-77,000	-86,000	-80,000	-79,000	-153,000	-89,000	-106,000	-82,000	-94,000	-87,000	-96,000	-94,000	-88,000	-120,000
proceeds from sales of loans classified as portfolio loans					0	10,744,000	438,000
net increase in loans receivable	-101,772,000	-124,624,000	-1,258,000	-19,113,000	-112,470,000			22,594,000	-27,227,000	-162,860,000	-30,101,000	-250,257,000	-114,938,000
proceeds from death benefit of bank owned life insurance policies	0											0
net cash from business combinations
purchase of fhlb, other equity, and restricted equity interests	5,551,000	-348,000	-1,142,000				-1,006,000				-479,000											-1,147,000	3,875,000	-5,047,000
purchase of premises and equipment	-2,116,000	-2,366,000	-1,721,000	-3,393,000	-4,149,000	-6,305,000	-2,437,000	-1,892,000	-1,797,000	-3,776,000	-3,382,000	-4,012,000	-4,287,000	-2,117,000	-1,874,000	-1,439,000	-1,370,000	-1,327,000	-2,820,000	-1,501,000	-2,399,000	-477,000	-499,000	-397,000	-1,497,000	-723,000	-1,118,000	-1,877,000	-1,435,000	-2,535,000	-828,000	-305,000	-491,000	-235,000	-525,000	-157,000	-455,000	-342,000	-1,321,000									-662,000
proceeds from the sale of premises and equipment and foreclosed assets	238,000	221,000	1,230,000	8,323,000	221,000	69,000	119,000	0	0			449,000	0	10,000	37,000	130,000	426,000	145,000	340,000	377,000	8,000	59,000	372,000	166,000	375,000	327,000	0	236,000	4,000	428,000		221,000	260,000	24,000	170,000	460,000						155,000
net cash provided (used) by investing activities							33,109,000
cash flows from financing activities:
net increase in checking, money market and savings accounts	86,323,000	-5,271,000	73,972,000	85,387,000	-33,380,000	91,715,000	12,526,000	44,215,000	69,710,000	166,049,000	36,306,000	-123,747,000
net increase in certificates of deposit	-16,113,000	12,275,000	14,742,000	69,028,000	139,484,000	-18,423,000	26,277,000	-48,246,000	-4,000	12,897,000	95,386,000
purchase of treasury stock	-1,000	0	-332,000	10,000	-1,000	-442,000	-210,000	-65,000	-1,839,000	-2,312,000	-2,508,000	0	0	-1,000	-1,670,000	-159,000	-1,000	-324,000	-85,000	-1,033,000	-201,000	0	-6,000	-448,000	-517,000	-3,000	-254,000	-1,103,000	-868,000	0
cash dividends paid, common stock	-5,306,000	-3,802,000	-3,777,000	-3,778,000	-3,779,000	-3,675,000	-3,680,000	-3,656,000	-3,668,000	-3,674,000	-3,696,000	-3,696,000	-2,950,000	-2,951,000	-2,960,000	-2,860,000
cash dividends paid, preferred stock	-1,076,000	-1,075,000	-1,075,000	-1,076,000	-1,076,000	-1,075,000	-1,075,000	-1,076,000	-1,076,000	-1,075,000	-1,075,000	-1,076,000	-1,076,000	-1,075,000	-1,075,000	-1,075,000
net change in short-term borrowings								0	0	-102,083,000	-30,313,000								-34,891,000			2,211,000	-91,009,000	56,593,000	-77,212,000	96,778,000	-98,655,000	9,536,000	-35,980,000	27,880,000	-23,510,000			11,024,000	268,000	-8,098,000	4,749,000	242,000	10,266,000
net cash provided (used) by financing activities									63,123,000	69,802,000	94,100,000		12,016,000	6,930,000	-30,461,000
net increase in cash and cash equivalents	12,677,000	-94,746,000	77,122,000	82,126,000	29,764,000	29,692,000	79,407,000	39,461,000	57,422,000	-63,430,000	82,308,000	-103,511,000	-74,358,000	-120,820,000	-327,224,000	120,549,000	527,007,000	-56,633,000	14,231,000	-17,352,000	9,719,000	-5,827,000			-330,000	2,626,000			23,707,000		6,610,000	-1,065,000	-9,500,000	-13,494,000	707,000	-18,995,000	1,634,000	7,756,000	27,861,000	7,670,000	6,436,000	14,550,000		-7,448,000	4,369,000	-4,992,000	1,777,000	6,625,000
cash and cash equivalents, beginning	0	0	443,035,000	0	0	0	222,046,000	0	0	0	106,285,000	0	0	0	732,198,000	532,694,000	0	192,974,000	0	0	45,563,000	0	0	35,345,000	0	0	0	29,183,000	27,928,000	0	31,881,000	0	39,703,000	0	0	0	0	31,256,000	0
cash and cash equivalents, ending	12,677,000	-94,746,000	520,157,000	82,126,000	29,764,000	29,692,000	301,453,000	39,461,000	57,422,000	-63,430,000	188,593,000	-103,511,000	-74,358,000	-120,820,000	404,974,000	653,243,000	527,007,000	136,341,000	14,231,000	-17,352,000	55,282,000	-5,827,000	13,723,000	28,604,000	-330,000	2,626,000	4,680,000	28,369,000	51,635,000	-1,469,000	38,491,000	-1,065,000	30,203,000	-13,494,000	707,000	-18,995,000	1,634,000	39,012,000	27,861,000
gain on sale of loans held for sale		-85,000	-34,000	-264,000	-162,000	-191,000	-153,000	-105,000	-130,000	-120,000	-92,000	-109,000
net incomees on dispositions of premises and equipment and foreclosed assets					-34,000	43,000	45,000		0				0
net cash used by investing activities				-89,686,000	-97,855,000			30,571,000	-18,610,000	-144,814,000	-16,606,000	-255,532,000	-102,841,000	-145,777,000	-300,551,000	-62,823,000	-156,870,000	-67,165,000	-127,118,000	-126,131,000	-30,344,000
net cash from financing activities		2,127,000	83,530,000	149,571,000	101,248,000	68,100,000	33,838,000									172,262,000	683,739,000	-3,885,000	128,482,000	91,558,000	38,669,000	112,825,000	90,395,000	138,308,000	19,367,000	60,513,000	83,415,000	15,755,000	-18,993,000	6,245,000	35,726,000	26,193,000	81,462,000	28,731,000	67,383,000	35,002,000	20,045,000	9,197,000	59,093,000	63,936,000	29,413,000	5,886,000	1,475,000	4,256,000	1,731,000	-7,338,000	8,929,000	12,894,000
net realized and unrealized (gains) losses on equity securities			249,000		-656,000	80,000	-191,000						398,000	641,000	394,000
net cash (used) provided by investing activities			-18,007,000
accretion of deferred ppp processing fees								0	0	-2,000	-1,000	-19,000	-74,000	-559,000	-1,237,000
deferred tax (benefit) expense
net realized gains on sales of available-for-sale securities								0	0	-30,000	-22,000	0	0	0	-651,000				0	0	-148,000				0	-5,000	-155,000	-1,383,000	-19,000	-184,000	-76,000
net realized and unrealized losses (gains) on equity securities
net incomees (gains) on dispositions of premises and equipment and foreclosed assets																42,000														-130,000
stock-based contribution expense												0
changes in:
purchases of held-to-maturity securities												0	0	0	-213,853,000
proceeds from loans held for sale previously classified as portfolio loans
purchase of bank owned life insurance												-8,894,000	0												0							0		0
redemption (purchase) of fhlb, other equity, and restricted equity interests				235,000	-1,522,000			-1,682,000	-446,000					-593,000	-615,000	555,000	-686,000	-107,000	-400,000	-1,372,000	1,379,000
purchase of other intangibles
proceeds from common stock offering, net of issuance costs												0
purchase of other intangible assets									0	0	-125,000
net decrease (increase) in loans receivable							36,878,000
proceeds from issuance of subordinated notes, net of issuance costs
repayments on long-term borrowings
net realized and unrealized losses on equity securities									400,000	244,000	286,000
proceeds from loans classified as portfolio loans									0	0	4,994,000
increase in accrued interest receivable and other assets											277,000
increase in accrued interest payable, lease liabilities, and other liabilities											-13,405,000
proceeds from preferred stock offering, net of issuance costs
proceeds from long-term borrowings																						0	0	50,000,000						0	900,000
net decrease in certificates of deposit
gain on sale of loans receivable
net change in:
checking, money market and savings accounts														44,619,000	23,757,000	193,911,000	518,727,000	888,000	121,855,000	76,181,000	88,105,000	108,974,000	190,560,000	30,391,000	-19,207,000	-18,655,000	28,959,000	24,999,000	-14,977,000	-11,256,000	62,167,000	12,231,000	102,063,000	10,700,000	58,455,000	46,856,000	30,014,000	27,345,000	53,201,000	63,640,000	27,950,000		-1,116,000	19,871,000	2,134,000	-489,000	3,070,000	6,882,000
certificates of deposit														-33,662,000	-48,513,000	-17,555,000	-22,921,000	-2,999,000	18,978,000	1,222,000	-41,532,000	11,840,000	950,000	11,849,000	125,333,000	2,476,000	23,430,000	-17,042,000	35,279,000	-8,528,000	-1,725,000	-7,498,000	-18,926,000	8,993,000	9,789,000	-3,229,000	-9,718,000	-17,250,000	-1,611,000	1,719,000	3,377,000		6,372,000	-14,456,000	2,883,000	-7,019,000	6,176,000	7,149,000
gain on sale of loans															-724,000	-1,144,000	-577,000	-243,000	-295,000	-317,000	-84,000	-187,000	-218,000	-105,000	-292,000	-97,000	-75,000	-81,000	-81,000	-242,000	-243,000	-287,000	-246,000	-87,000	-248,000	-248,000	-313,000	-122,000	-115,000	-72,000	-65,000	-21,000	-14,000	-34,000	-46,000	-33,000	-24,000	-112,000
proceeds from sale of loans															9,731,000	22,807,000	31,984,000	8,536,000	12,399,000	12,761,000	4,569,000	8,727,000	5,814,000	4,270,000	6,307,000	4,872,000	9,909,000	3,197,000	1,899,000	3,880,000	11,072,000	10,838,000	6,996,000	2,313,000	9,404,000	13,498,000	17,364,000	10,241,000	3,996,000	2,782,000	2,029,000	2,279,000	2,170,000	2,889,000	2,716,000	3,239,000	1,658,000	8,485,000
loan origination and payments															-113,804,000	-22,471,000	-182,215,000	-46,383,000	-131,231,000	-97,035,000	-51,635,000	-51,901,000	-59,935,000	-130,059,000	-47,894,000	-77,972,000	-112,490,000	-35,616,000	-96,000	-28,292,000	-5,967,000	-19,533,000	-10,808,000	-12,041,000	-23,974,000	-17,394,000	2,059,000	-6,235,000	-10,749,000	-46,082,000	-15,507,000	5,029,000	-16,167,000	785,000	-8,868,000	-6,501,000	-12,598,000
amortization (accretion) of securities, deferred loan fees and costs, net yield and credit mark on acquired loans, and unearned income
net realized and unrealized (gains) losses on trading securities																-120,000	-306,000	588,000										-188,000
stock-based compensation expense																509,000	286,000	549,000	242,000	275,000	592,000	268,000	277,000	674,000	328,000	204,000	-119,000	515,000	157,000	103,000	83,000	72,000	59,000	44,000	35,000	31,000	31,000	25,000	35,000	46,000	31,000	19,000	23,000
proceeds from sale of trading securities																	75,000	5,860,000	65,000	463,000	236,000				689,000	0	0	402,000	274,000	-393,000
purchase of trading securities																-108,000	-4,297,000	2,000,000	-52,000	-219,000	-144,000	-1,355,000	-52,000	-92,000	-1,452,000	-70,000	-76,000	-904,000	-303,000	-187,000
purchase of boli
proceeds from death benefit of boli policies																1,389,000
repayment of long-term borrowings																	-32,194,000	-2,185,000	-5,145,000	-35,128,000	-5,112,000	-7,601,000	-7,577,000	-7,554,000		-17,560,000	-7,484,000	-17,461,000	-63,000		-44,000		-39,000	-20,028,000		-28,000	-4,522,000	-23,000	0			-2,635,000
amortization and accretion of securities premiums and discounts, deferred loan fees and costs, net yield and credit mark on acquired loans, and unearned income																-963,000	-44,000	-812,000	-199,000	68,000	-409,000	-510,000	465,000	-427,000	-222,000	-495,000	-538,000	53,000	-800,000	-812,000
amortization and accretion of deferred ppp processing fees																-2,731,000
income on bank owned life insurance, including death benefit proceeds in excess of cash surrender value																-940,000										-592,000
supplemental disclosure of cash flow information:
cash paid during the period for:
interest																5,053,000	8,218,000	9,933,000	9,948,000	9,414,000	8,942,000	7,050,000	6,203,000	5,203,000	4,782,000	4,783,000	4,026,000	3,890,000	3,034,000	3,055,000	3,257,000	3,398,000	4,175,000	4,670,000	4,602,000	4,539,000	4,488,000	4,923,000	5,267,000	4,782,000	5,208,000	5,607,000	4,662,000	3,456,000	3,074,000	3,173,000	3,154,000	3,431,000
income taxes																726,000	162,000	78,000	2,323,000	1,441,000	1,250,000	2,000,000			1,810,000	2,900,000			38,000	0	32,000	2,130,000	225,000	1,328,000	627,000	1,227,000	1,203,000	-573,000	1,209,000	2,084,000	366,000	710,000	1,650,000	260,000	232,000	550,000	1,050,000	1,500,000
supplemental noncash disclosures:
transfers to other real estate owned																4,000	24,000	165,000	1,217,000	190,000	66,000	225,000			391,000	188,000			172,000	258,000	51,000	70,000	15,000	0	201,000	33,000	5,000	14,000	0	95,000	31,000	64,000	87,000	12,000
grant of restricted stock awards from treasury stock																1,228,000	0	892,000	21,000	0	1,055,000	0	0	933,000	41,000	0	0	943,000	821,000	0	539,000	0	419,000	0				5,000	0	0	173,000	172,000	160,000
grant of performance based restricted stock awards from treasury stock																262,000	0	217,000
benefit from loan losses																	5,680,000	3,079,000	2,118,000			1,095,000	1,905,000	1,631,000	3,105,000	1,400,000	1,134,000	1,016,000	943,000	282,000	930,000	2,343,000	1,104,000	853,000	1,501,000	1,094,000	1,008,000	862,000	716,000	756,000	509,000	126,000	365,000	167,000	200,000	300,000	300,000	540,000
net gains on dispositions of premises and equipment and foreclosed assets																	268,000	-15,000	-235,000					-4,000							-2,000	-38,000	-6,000	-13,000
cash dividends paid																	-2,617,000	-2,618,000	-2,583,000	-2,591,000	-2,591,000	-2,599,000	-2,523,000	-2,523,000	-2,522,000	-2,523,000	-2,524,000	-2,525,000	-2,384,000	-2,376,000	-2,064,000	-2,058,000	-2,049,000	-2,014,000	-1,443,000	-1,435,000	-1,426,000	-1,422,000	-1,371,000	-1,370,000	-1,369,000	-1,331,000	-1,258,000	-1,202,000	-1,193,000	-1,201,000	-1,180,000	-1,028,000
proceeds from stock offering, net of issuance costs																	-40,000	3,353,000							0	0	0	19,294,000						-286,000
right of use assets obtained in exchange for lease liabilities
net realized and unrealized gains on trading securities																			-197,000	-654,000	-800,000	-421,000	-237,000	-14,000		-160,000					-303,000
provision for loan losses																					1,306,000
balance, january 1, 2019																					97,602,000
other comprehensive income
restricted stock award grants																					-1,055,000
purchase of treasury stock for the purpose of tax withholding related to restricted stock award vesting
cash dividends declared
balance, march 31, 2019																					97,139,000
balance, january 1, 2018																					97,042,000
other comprehensive loss
balance, march 31, 2018																					96,786,000
nonvested at beginning of period																					75,889,000
granted																					25,940,000
vested																					-34,060,000
nonvested at end of period																					67,769,000
depreciation and amortization of premises and equipment, core deposit intangible, and mortgage servicing rights																						1,197,000	1,228,000	1,236,000	1,268,000	1,291,000	1,350,000	1,333,000	1,018,000	1,012,000
gain on sale of branch																									0	0
accrued interest payable and other liabilities																						476,000	2,917,000	-766,000	4,302,000	-531,000	898,000	-3,971,000	-3,424,000	315,000	-1,646,000	1,813,000	117,000	-271,000	1,924,000	-654,000	1,139,000	450,000	2,808,000
purchase of boli policies
net cash received from sale of branch																									0	0
net cash from investing activities																						-128,201,000							37,452,000	-17,160,000	-33,970,000	-38,883,000	-97,297,000	-42,063,000	-70,825,000	-59,033,000	-19,017,000	-6,584,000	-36,161,000	-55,866,000	-26,185,000	5,725,000	-18,223,000	-14,560,000	-1,820,000	-724,000	-5,794,000	-4,725,000
net assets transferred for sale of branch, excluding cash and cash equivalents																										0
net cash from by investing activities																								-149,191,000		-66,132,000	-90,192,000	-16,795,000
deposits held for sale																												57,000
net decrease in cash and cash equivalents																								-6,741,000				-814,000															-14,832,000
deferred taxes																																										-21,000	-37,000	443,000	-44,000	-33,000	-50,000	-30,000
net realized and unrealized losses (gains) on trading securities
income on bank owned life insurance, including death benefit of proceeds in excess of cash surrender value
contribution of treasury stock																													12,000	30,000	30,000	30,000	30,000
net decrease in interest bearing time deposits with other banks																																		150,000				574,000
net cash paid for lake national bank acquisition
purchase of fhlb and other equity interests																									4,628,000	-2,847,000
proceeds from subordinated debentures
net liabilities assumed from lake national bank, excluding cash and cash equivalents
net loans transferred to held for sale
net deposits transferred to held for sale
advances from long-term borrowings																										0										0			-1,500,000
proceeds from issuance of subordinated debentures
net assets acquired from lake national bank, excluding cash and cash equivalents
redemption (purchase) of fhlb and other equity interests																												-999,000						57,000	142,000	13,000	-211,000	-1,036,000
transfer of loans to other real estate owned																												51,000
proceeds from issuance of subordinated debtentures
net decrease (increase) in interest bearing time deposits with other banks																																			0	-651,000					804,000
proceeds from death benefits associated with bank owned life insurance
net cash acquired from fc banc corp.
(purchase) redemption of fhlb and other equity interests
proceeds from sale of treasury stock																															2,000	-2,000	413,000	315,000	167,000	371,000	318,000	288,000	156,000	225,000	347,000	323,000	213,000	349,000	196,000	272,000	212,000	164,000
proceeds from exercise of stock options																																50,000		27,000		565,000	5,000	17,000
net liabilities assumed from fc banc corp., excluding cash and cash equivalents
fair value of common stock issued in connection with acquisition of fc banc corp.
net realized and unrealized losses on trading securities																													32,000
net (losses) on dispositions of premises and equipment and foreclosed assets																													18,000
redemption of fhlb and other equity interests																													1,772,000		87,000		76,000
acquisition of consumer discount company																																0
net increase in interest bearing time deposits with other banks																															-50,000	0	-51,000						-1,122,000
net impairment losses realized in earnings and realized gains on sales of available-for-sale securities
depreciation and amortization of premises and equipment																															554,000	643,000	522,000
amortization and accretion of securities premiums and discounts and deferred loan fees and costs																															1,126,000
proceeds from sale of securities for which fair value was elected																															1,567,000	761,000	1,749,000
purchase of securities for which fair value was elected																															-1,980,000	-1,488,000	-1,457,000
proceeds from maturities, prepayments and calls of securities																															29,276,000	27,385,000	23,709,000	33,854,000	18,670,000	25,952,000	24,235,000	20,514,000	32,273,000
proceeds from sales of securities																															1,324,000	32,872,000	42,149,000	13,442,000	35,942,000	20,392,000	19,215,000	32,012,000	4,420,000
purchase of securities																															-57,812,000	-79,594,000	-152,141,000	-77,314,000	-101,250,000	-87,648,000	-64,130,000	-52,071,000	-59,576,000
securities amortization and accretion and deferred loan fees and costs																																1,156,000	992,000
net impairment losses realized in earnings and gains on sales of available-for-sale securities																																21,000	-566,000
net realized and unrealized gains on securities for which fair value was elected																																	-320,000
loans transferred from held for sale to held for investment																																		0	0
net realized and unrealized (gains) losses on securities for which fair value was elected																																			70,000
increase in bank owned life insurance																																		-200,000	-180,000	-180,000	-180,000	-180,000	-157,000	-159,000	-174,000	-131,000	-167,000	-181,000	-126,000	-124,000	-126,000
proceeds from exercise of stock options, including tax benefit
depreciation and amortization																																		516,000	500,000	504,000	492,000	501,000	479,000	436,000	472,000	416,000	469,000	463,000	447,000	433,000	435,000	380,000
amortization, accretion and deferred loan fees and costs																																		534,000	454,000	237,000	344,000	205,000
net impairment losses recognized in earnings and realized gains on available-for-sale securities																																		703,000
transfers to assets held for sale																																				0
net realized and unrealized losses on securities for which fair value was elected																																					-93,000	151,000	1,380,000
treasury stock purchased																																							-48,000	-520,000	-91,000	-363,000	-934,000	-306,000	-948,000	-249,000	-29,000	-177,000
issue of subordinated debentures
repayment of subordinated debentures
sales of securities, proceeds not settled
adjustment to initially apply fair value option, transfer of securities available for sale to trading securities
net impairment losses realized in earnings and gains on available-for-sale securities																																				638,000
adoption of fasb statement no. 159, transfer of securities available for sale to trading securities																																							0	0	7,018,000
cash paid (refunded) during the period for:
net realized losses on securities available for sale																																						16,000
net realized gains on securities available for sale																																							0
loss on other-than-temporarily impaired securities
proceeds from sale of premises and equipment and foreclosed assets																																							165,000
proceeds from issuance of subordinated debenture
repayments of subordinated debenture
excess tax benefit from exercise of stock options																																										1,000
amortization, accretion and deferred loan fees																																								-209,000	-108,000	-112,000
net gains on dispositions of acquired property																																												-16,000	-13,000
security losses																																									58,000
net unrealized losses on securities for which fair value was elected																																									646,000
interest receivable and other assets																																									354,000	-74,000	-592,000	-584,000	-133,000	147,000	-1,160,000
interest payable and other liabilities																																									472,000	1,437,000	1,760,000	287,000	795,000	252,000	-1,600,000
proceeds from maturities, prepayments and calls of:
securities available for sale																																									7,446,000	9,506,000	9,499,000	9,818,000	8,972,000	13,031,000	11,839,000	22,525,000
proceeds from sales of securities available for sale																																									12,424,000	127,000			201,000	2,790,000	3,271,000	-2,438,000
purchase of securities available for sale																																									-29,485,000	-9,722,000	-11,345,000	-25,058,000	-1,317,000	-9,242,000	-8,613,000
redemption of fhlb, frb & other equity interests																																									152,000
net, purchase of premises and equipment																																									-2,019,000	-460,000	-199,000	-735,000	-972,000	-342,000	-186,000
proceeds from the exercise of stock options																																										6,000
repayment of short-term borrowings																																									-801,000
cash and cash equivalents at beginning of year																																									24,788,000	25,551,000	43,017,000	29,912,000	0	0	20,981,000	22,527,000
cash and cash equivalents at end of period																																									31,224,000	40,101,000	28,185,000	22,464,000	4,369,000	-4,992,000	22,758,000	29,152,000
supplemental disclosures of cash flow information:
supplemental non cash disclosures:
sales of securities, proceeds net settled																																									60,000
security gains																																											-341,000		-152,000
net (gains) losses on dispositions of acquired property																																										-47,000
redemption (purchase) of fhlb, frb & other equity interests
repayments of long-term borrowings
adjustments to reconcile net income tonet cash from operations:
security gains .																																										-13,000
redemption (purchase) of fhlb, frb & other
equity interests																																										1,090,000
checking, money market and savings accounts .																																										5,895,000
certificates of deposit .																																										3,990,000
amortization and accretion of securities and deferred loan fees
net gains on dispositions of premises and equipment and acquired property																																											-4,000
origination of loans for sale																																											-4,059,000	-2,685,000	-1,228,000	-3,102,000	-2,677,000	-10,598,000
proceeds from maturities of:
purchase of fhlb, frb & other equity interests
(purchase) redemption of fhlb, frb & other equity interests																																											-11,000
amortization and accretion and deferred loan fees																																											-88,000	60,000	9,000	-29,000	58,000	153,000
net advances from short-term borrowings																																											-1,802,000		59,000
purchase of fhlb, frb & other
proceeds from the sale of foreclosed assets																																												201,000	124,000	56,000	159,000	50,000
net advances from long-term borrowings
purchase of fhlb, frb & other bank stock
sale of federal reserve bank stock and federal home loan bank stock																																												429,000
(purchase) sale of federal reserve bank stock and federal home loan bank stock
loans transferred to other real estate owned																																													505,000	195,000	125,000	79,000
purchase of federal reserve bank stock and federal home loan bank stock
advances from other borrowings
adjustments to reconcile net income to net cash used by operations:
security (gains)/losses																																															-169,000	-150,000
net (gains)losses on dispositions of acquired property																																															-18,000
net cash used by operating activities																																															-1,358,000
purchase (sale) of federal reserve bank stock and federal home loan bank stock																																															334,000
net advances (repayments) from short-term borrowings																																															680,000
security (gains) losses
net (gains) on dispositions of acquired property
interest receivable																																																423,000
other assets
interest payable																																																-38,000
other liabilities																																																-1,401,000
net principal disbursed on loans																																																-8,019,000
additional paid in capital
treasury stock purchases
treasury stock sales
advances from long term borrowings
net changes in short term borrowings																																																-96,000
treasury stock purchases and sales
adjustments to reconcile net income to net cash provided (from) by operations:
other assets and intangible																																																-1,205,000
purchase of:
repayments of long term borrowings
other borrowings

CNB Financial Corporation(NASDAQ:CCNE)

CNB Financial Corporation
(NASDAQ:CCNE)