Horizon Bancorp, Inc
(NASDAQ:HBNC)

Horizon Bancorp, Inc. operates as the bank holding company for Horizon Bank that provides a range of commercial and retail banking services. The company offers demand and time deposits. It also provides commercial, residential real estate, mortgage warehouse, and consumer loans. In addition, the com...

Website: http://www.horizonbank.com

Full Time Employees: 839

Sector: Financial Services

Industry: Banks-Regional

Share this website to your friends

• Market Cap:

• Exchange:

• Shs Outstanding:

• Employees:

• Beta:

• Return on Equity (ROE) ttm:

• Return on Assets (ROA) ttm:

• EPS ttm:

• Book value per Share:

• Cash per Share:

• Current ast per Share:

• P/E ttm:

• P/E forward:

• P/E ttm high:

• P/E ttm low:

• P/S ttm:

• P/B ttm:

• P/FCF ttm:

• PEG ratio:

• Cash Ratio ttm:

• Quick Ratio ttm:

• Current Ratio ttm:

• Gross Mgn ttm:

• EBITDA Mgn ttm:

• Operating Mgn ttm:

• Net Income Mgn ttm:

• Trailing Div yield:

• Forward Div yield:

• Payout Ratio ttm:

• Ex-Dividend date:

• Target Price High:

• Target Price Low:

• Target Price Mean:

• Number of Analysts:

• Debt Ratio ttm:

• Debt to Equity ttm:

• Total Net Debt:

At a glance:

Bull Thesis:

Bear Thesis:

Main Competitors:

Moat:

Income Statements:

Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	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	2021-06-30	2021-03-31	2020-12-31	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31

interest income
interest and fees on loans	75,104,000	77,237,000	79,561,000	78,618,000	74,457,000
investment securities - taxable	7,494,000	7,688,000	6,631,000	5,941,000	6,039,000																	2,321,000	2,898,000
investment securities - tax exempt	2,544,000	2,498,000	4,581,000	6,088,000	6,192,000																	4,105,000	3,798,000
other	1,509,000	1,865,000	2,063,000	830,000	2,487,000	3,488,000	957,000	738,000	4,497,000	3,007,000	1,332,000	475,000	153,000
total interest income	86,651,000	89,288,000	92,836,000	91,477,000	89,175,000	93,350,000	90,888,000	86,981,000	85,264,000	83,514,000	80,125,000	76,868,000	71,798,000	63,349,000	63,030,000	57,572,000	52,082,000		47,420,000	47,589,000		50,344,000	51,654,000	53,398,000	55,711,000	53,850,000
interest expense
deposits	19,944,000	21,228,000	25,726,000	26,052,000	25,601,000	27,818,000	30,787,000	28,447,000	27,990,000	27,376,000	24,704,000	18,958,000	14,819,000	10,520,000	4,116,000	1,677,000	1,496,000		2,053,000	2,343,000		4,506,000	7,716,000	8,767,000	9,109,000	8,938,000
short and long term borrowings	1,654,000	1,750,000	5,924,000	8,171,000	9,188,000
subordinated notes	1,830,000	1,812,000	1,731,000	829,000	829,000	829,000	830,000	829,000	831,000	870,000	880,000	881,000	880,000	881,000	880,000	881,000	880,000		881,000	880,000
junior subordinated debentures issued to capital trusts	983,000	1,023,000	1,069,000	1,070,000	1,290,000	920,000	1,230,000	1,213,000	1,225,000	1,246,000	1,227,000	1,151,000	1,091,000	964,000	744,000	556,000	455,000		558,000	559,000		710,000
total interest expense	24,411,000	25,813,000	34,450,000	36,122,000	36,908,000	40,223,000	43,978,000	41,702,000	41,976,000	41,257,000	38,035,000	30,708,000	26,561,000	18,405,000	9,635,000	4,564,000	3,911,000		4,788,000	5,051,000		7,348,000	10,729,000	11,879,000	12,248,000	12,321,000
net interest income	62,240,000	63,475,000	58,386,000	55,355,000	52,267,000	53,127,000	46,910,000	45,279,000	43,288,000	42,257,000	42,090,000	46,160,000	45,237,000	44,944,000	53,395,000	53,008,000	48,171,000		42,632,000	42,538,000		42,996,000	40,925,000	41,519,000	43,463,000	41,529,000
credit loss expense	391,000	1,630,000	-3,572,000	2,462,000	1,376,000	1,171,000	1,044,000	2,369,000	805,000	1,274,000	263,000	680,000	242,000	-69,000	-601,000	240,000	-1,386,000		-1,492,000	367,000		7,057,000	8,600,000
net interest income after provision for credit losses	61,849,000	61,845,000	61,958,000	52,893,000
non-interest income
service charges on deposit accounts	3,524,000	3,341,000	3,474,000	3,208,000	3,208,000	3,276,000	3,320,000	3,130,000	3,214,000	3,092,000	3,086,000	3,021,000	3,028,000	2,947,000	3,023,000	2,833,000	2,795,000		2,157,000	2,234,000		1,888,000	2,446,000	2,766,000	2,836,000	2,480,000
wire transfer fees	63,000	66,000	71,000	69,000	71,000	124,000	123,000	113,000	101,000	103,000	120,000	116,000	109,000	118,000	148,000	170,000	159,000		222,000	255,000		230,000	171,000	179,000	189,000	167,000
interchange fees	3,373,000	3,445,000	3,510,000	3,403,000	3,241,000	3,353,000	3,511,000	3,826,000	3,109,000	3,224,000	3,186,000	3,584,000	2,867,000	2,951,000	3,089,000	3,582,000	2,780,000		2,892,000	2,340,000		2,327,000	1,896,000	1,996,000	2,138,000	2,160,000
fiduciary activities	1,556,000	1,561,000	1,363,000	1,251,000	1,326,000	1,313,000	1,394,000	1,372,000	1,315,000	1,352,000	1,206,000	1,247,000	1,275,000	1,270,000	1,203,000	1,405,000	1,503,000		1,961,000	1,743,000		1,765,000	2,528,000	2,594,000	1,834,000	2,063,000
loss on sale of investment securities			-299,132,000		-407,000
gain on sale of mortgage loans	1,090,000	1,296,000	1,208,000	1,219,000	1,076,000	1,071,000	1,622,000	896,000	626,000	951,000	1,582,000	1,005,000	785,000	1,196,000	1,441,000	2,501,000	2,027,000		5,612,000	5,296,000		6,620,000	3,473,000	3,119,000	2,702,000	2,078,000
mortgage servicing income net of impairment	337,000	352,000	351,000	375,000	385,000														1,503,000	213,000		-2,760,000	25,000	294,000	444,000	570,000
increase in cash value of bank owned life insurance	333,000	360,000	379,000	346,000	335,000	335,000	349,000	318,000	298,000	658,000	1,055,000	1,015,000	981,000	751,000	814,000	519,000	510,000		502,000	511,000		557,000	554,000	566,000	556,000	555,000
other income	967,000	1,042,000	-6,558,000	1,049,000	7,264,000	338,000	780,000	380,000	827,000	1,019,000	964,000	349,000	362,000	804,000	115,000	461,000	892,000		92,000	367,000		250,000	398,000	410,000	602,000	558,000
total non-interest income	11,243,000	11,463,000	-295,334,000	10,920,000	16,499,000																	11,125,000	12,063,000	11,934,000	11,514,000	10,898,000
non-interest expense
salaries and employee benefits	23,187,000	21,894,000	22,698,000	22,731,000	22,414,000	25,564,000	21,829,000	20,583,000	20,268,000	21,877,000	20,058,000	20,162,000	18,712,000	19,978,000	20,613,000	19,957,000	19,735,000		17,730,000	16,871,000		15,629,000	16,591,000	16,841,000	16,948,000	16,951,000
net occupancy expenses	4,197,000	3,718,000	3,321,000	3,127,000	3,702,000	3,431,000	3,207,000	3,192,000	3,546,000	3,260,000	3,283,000	3,249,000	3,563,000	3,279,000	3,293,000	3,190,000	3,561,000		3,084,000	3,318,000		3,190,000	3,252,000	3,106,000	3,131,000	3,148,000
data processing	3,353,000	3,127,000	2,933,000	2,951,000	2,872,000	2,841,000	2,977,000	2,579,000	2,464,000	2,942,000	2,999,000	3,016,000	2,669,000	2,884,000	2,539,000	2,607,000	2,537,000		2,388,000	2,376,000		2,432,000	2,405,000	2,235,000	2,140,000	2,139,000
professional fees	929,000	1,083,000	808,000	735,000	826,000	736,000	676,000	714,000	607,000	772,000	707,000	633,000	533,000	694,000	552,000	283,000	314,000		588,000	544,000		518,000	536,000	520,000	335,000	598,000
outside services and consultants	2,764,000	3,035,000	3,844,000	3,278,000	3,265,000	4,470,000	3,677,000	3,058,000	3,359,000	2,394,000	2,316,000	2,515,000	2,717,000	2,985,000	2,855,000	2,485,000	2,525,000		2,220,000	1,702,000		1,759,000	1,915,000	1,415,000	1,552,000	1,655,000
loan expense	1,219,000	1,183,000	1,237,000	1,231,000	689,000	1,285,000	1,034,000	1,038,000	719,000	1,345,000	1,120,000	1,397,000	1,118,000	-2,557,000	2,926,000	2,497,000	2,545,000		3,107,000	2,822,000		2,692,000	2,099,000	2,438,000	2,198,000	2,048,000
fdic insurance expense	1,023,000	1,251,000	1,345,000	1,216,000	1,288,000	1,193,000	1,204,000	1,315,000	1,320,000	1,200,000	1,300,000	840,000	540,000	388,000	670,000	775,000	725,000		500,000	800,000		235,000	150,000		-273,000	365,000
core deposit intangible amortization	675,000	706,000	706,000	816,000	816,000	843,000	844,000	844,000	872,000	903,000	903,000	903,000	903,000
merger related expense					305,000
other losses	192,000	731,000	131,000	245,000	228,000	371,000	297,000	515,000	16,000	508,000	188,000	134,000	221,000	118,000	398,000	362,000	168,000		6,000	283,000		193,000	120,000	377,000	90,000	169,000
other expense	3,208,000	3,885,000	3,249,000	3,087,000	2,901,000	4,201,000	3,527,000	3,684,000	3,936,000	4,129,000	3,294,000	3,413,000	3,548,000	402,000	4,504,000	4,212,000	4,500,000		3,765,000	3,456,000		3,784,000	4,081,000	3,718,000	3,939,000	4,511,000
total non-interest expense	40,747,000	40,613,000	52,952,000	39,417,000	39,306,000																	30,432,000	31,149,000	30,650,000	30,060,000	31,584,000
income before income taxes	32,345,000	32,695,000	-286,328,000	24,396,000	28,084,000	-21,933,000	18,105,000	15,873,000	15,305,000	-18,796,000	17,489,000	20,215,000	20,091,000	23,814,000	25,834,000	28,834,000	27,102,000		25,943,000	23,872,000		16,632,000	13,239,000	22,463,000	24,541,000	19,947,000
income tax expense	6,177,000	5,773,000	-64,338,000	3,752,000	4,141,000	-11,051,000	-75,000	1,733,000	1,314,000	6,419,000	1,284,000	1,452,000	1,863,000	2,649,000	2,013,000	3,975,000	3,539,000		3,770,000	3,450,000		1,993,000	1,584,000	3,920,000	4,004,000	3,305,000
net income available to common shareholders	26,168,000	26,922,000	-221,990,000	20,644,000	23,943,000
basic earnings per share	0.51	0.7	-4.69	0.47	0.55	-0.25	0.42	0.32	0.32	-0.58	0.37	0.43	0.42	0.48	0.55	0.57	0.54		0.5	0.46		0.33	0.26	0.41	0.46	0.37
diluted earnings per share	0.51	0.7	-4.69	0.47	0.54	-0.25	0.41	0.32	0.32	-0.57	0.37	0.43	0.42	0.49	0.55	0.57	0.54		0.5	0.46		0.33	0.26	0.42	0.46	0.37
prepayment penalties			12,680,000
net interest income after provision for loan losses					50,891,000																			41,179,000	43,087,000	40,633,000
loans receivable						53,580,500	75,488,000	71,880,000	66,954,000	65,583,000	63,003,000	60,594,000	55,364,000	47,021,000	47,051,000	41,549,000	37,879,000		39,236,000	40,818,000		43,918,000	44,958,000	46,769,000	49,455,000	47,784,000
investment securities – taxable						6,814,000	8,133,000	7,986,000	7,362,000	8,157,000	8,788,000	8,740,000	8,725,000	8,479,000	8,501,000	8,716,000	7,506,000		2,528,000	1,548,000
investment securities – tax exempt						6,301,000	6,310,000	6,377,000	6,451,000	6,767,000	7,002,000	7,059,000	7,556,000	7,543,000	7,478,000	7,307,000	6,697,000		5,656,000	5,223,000
borrowed funds						8,568,500	11,131,000	11,213,000	11,930,000	11,765,000	11,224,000	9,718,000	9,771,000	6,040,000	3,895,000	1,450,000	1,080,000		1,296,000	1,269,000		2,074,000	2,238,000	2,281,000	2,275,000	2,495,000
net interest income after credit loss expense						51,956,000	45,866,000	42,910,000	42,483,000	40,983,000	41,827,000	45,480,000	44,995,000	45,013,000	53,996,000	52,768,000	49,557,000		44,124,000	42,171,000		35,939,000	32,325,000
non–interest income
(loss) on sale of investment securities
mortgage servicing income						376,000	412,000	450,000	439,000	496,000	631,000	640,000	713,000	1,040,750	355,000
total non–interest income						-28,954,000	11,511,000	10,485,000	9,929,000	-20,449,000	11,830,000	10,997,000	9,620,000	10,674,000	10,188,000	12,434,000	14,155,000		15,207,000	13,873,000
non–interest expense
total non–interest expense						44,935,000	39,272,000	37,522,000	37,107,000	39,330,000	36,168,000	36,262,000	34,524,000	31,873,000	38,350,000	36,368,000	36,610,000		33,388,000	32,172,000
net income						11,577,750	18,180,000	14,140,000	13,991,000	-53,168,019	16,205,000	18,763,000	18,228,000	-72,149,592	23,821,000	24,859,000	23,563,000		22,173,000	20,422,000		14,639,000	11,655,000	-47,928,462	20,537,000	16,642,000
yoy						-121.78%	12.19%	-24.64%	-23.24%	-26.31%	-31.97%	-24.52%	-22.64%		7.43%	21.73%			90.24%	-142.61%		-12.04%
qoq						-36.32%	28.57%	1.06%	-126.31%	-428.10%	-13.63%	2.94%	-125.26%	-402.88%	-4.18%	5.50%			8.57%			25.60%	-124.32%	-333.38%	23.40%
other comprehensive income
change in fair value of derivative instruments:
change in fair value of derivative instruments for the period												35	-558	-92	1,952	1,043	2,746		-18	3,053		-135	-3,965	1,191	-864
reclassification adjustment for swap termination gain realized in income												-1,453
income tax effect												299	116	20	-410	-219	-577		4	-641		28	833	-250	182
changes from derivative instruments												-1,119	-442	-72	1,542	824	2,169		-14	2,412		-107	-3,132	941	-682
change in securities:
unrealized gain for the period on available for sale securities						2,947.75	20,800	-3,262	-5,748	40,518	-32,139	-5,795	18,144
accretion from transfer of securities from available for sale to held to maturity securities						-122.5	-162	-167	-160
reclassification adjustment for securities losses realized in income										31,572		-20	500											-10
unrealized gains on securities						2,232	16,304	-2,709	-4,667	56,825	-25,515	-4,768	14,608						7,966	-19,578		12,055	6,022	-1,155	3,121
other comprehensive income, net of tax						2,232	16,304	-2,709	-4,667	56,825	-25,515	-5,887	14,166						7,952	-17,166		11,948	2,890	-214	2,439
comprehensive income						13,809.75	34,484	11,431	9,324	31,610	-9,310	12,876	32,394	38,088	-6,236	-13,433	-38,554		30,125	3,256		26,587	14,545	18,329	22,976
gain on sale of investment securities										-120,000		20,000
death benefit on bank owned life insurance																644,000			266,000				233,000		213,000	367,000
reclassification of securities from available for sale to held to maturity
amortization from transfer of securities from available for sale to held to maturity securities										-160	-158	-219	-154									1	-30	-34	-15
losses on sale of investment securities													-500,000
gains on sale of investment securities																				914,000		248,000	339,000	10,000		-100,000
unrealized depreciation for the period on afs securities														-42,253.25	-39,856	-48,333	-80,824
accretion (amortization) from transfer of securities from available for sale to held to maturity securities														639	-143	-1,181	-551		14	17
reclassification adjustment for securities gains realized in income																				-914		-248	-339
unrealized losses on securities														-33,750.25	-31,599	-39,116	-64,286
other comprehensive loss, net of tax														-32,616.5	-30,057	-38,292	-62,117
mortgage servicing income net of impairment or recovery																319,000	3,489,000
unrealized appreciation (depreciation) for the period on afs securities																			10,069	-23,885				-1,418	3,963
subordinated debentures																						58,000	775,000	831,000	864,000	888,000
unrealized appreciation for the period on afs securities																						15,507	7,992
investment securities
taxable																								3,054,000	3,157,000	3,273,000
tax exempt																								3,575,000	3,099,000	2,793,000
provision for loan losses																								340,000	376,000	896,000

Balance Sheets:

Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	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	2020-09-30	2020-06-30	2020-03-31	2019-12-31	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	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2012-12-31	2012-09-30	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2003-12-31

assets
cash and due from banks	68,354,000	66,813,000	76,395,000	101,719,000	89,643,000	92,300,000	108,815,000	106,691,000	271,088,000	526,515,000	175,137,000	228,986,000	134,722,000	123,505,000	109,659,000	108,848,000	120,954,000	593,508,000	971,817,000	304,171,000	529,336,000	249,711,000	99,126,000	170,135,000	86,458,000	98,831,000	91,279,000	94,686,000	86,131,000	69,697,000	69,018,000	63,591,000	76,441,000	72,662,000	65,993,000	60,280,000	70,832,000	83,721,000	109,224,000	47,612,000	48,650,000	48,155,000	43,857,000	38,676,000	43,476,000	37,318,000	50,804,000	35,820,000	31,721,000	30,735,000	41,562,000	18,462,000	20,832,000	31,409,000	15,683,000	18,203,000	25,216,000	25,829,000	63,919,000	10,848,000	13,885,000	13,311,000	36,000,000	20,527,000	18,700,000	48,097,000	19,714,000	19,785,000	24,893,000	20,857,000	52,311,000	21,673,000	23,407,000	21,111,000	39,163,000	19,129,000	36,612,000	16,223,000	18,253,000	28,434,000
interest-bearing deposits in banks	190,717,000	72,646,000	381,860,000	34,174,000	80,023,000	201,131,000
total cash and cash equivalents	259,071,000	139,459,000	458,255,000	137,917,000	169,666,000	293,431,000	234,834,000	146,101,000
investment securities, held for trading	3,983,000	3,883,000	598,000
investment securities, available for sale	882,168,000	875,414,000	883,242,000	231,999,000	231,431,000	233,677,000	541,170,000	527,054,000	535,319,000	547,251,000	865,168,000	905,813,000	943,441,000	997,558,000	985,655,000	1,041,020,000	1,112,512,000	1,160,812,000	1,669,634,000	1,691,186,000	1,262,175,000	1,134,025,000	1,015,343,000	935,140,000	900,476,000	834,776,000	767,230,000	673,419,000	687,142,000	542,305,000	526,195,000	507,736,000	509,665,000	509,844,000	505,051,000	474,222,000	439,831,000	557,213,000	455,239,000	462,476,000	444,982,000	435,673,000	330,970,000	331,033,000	323,764,000	323,492,000	364,418,000	519,430,000	508,591,000	482,801,000	497,704,000	430,702,000	449,817,000	435,356,000	382,344,000	384,204,000	396,527,000	351,630,000	333,132,000	333,031,000	319,066,000	325,219,000	301,638,000	230,107,000	251,976,000	238,993,000	234,675,000	230,631,000	224,541,000	234,823,000	243,078,000	239,869,000	242,262,000	250,103,000	275,177,000	282,884,000	301,185,000	296,905,000	281,282,000
loans held for sale	9,821,000	9,778,000	1,921,000	2,994,000	3,253,000	67,597,000	2,069,000	2,440,000	922,000	1,418,000	2,828,000	6,933,000	2,409,000	5,807,000	1,852,000	2,943,000	3,781,000	12,579,000	4,811,000	7,228,000	7,798,000	13,538,000	13,053,000	15,913,000	6,245,000	4,088,000	1,060,000	3,185,000	1,979,000	1,980,000	3,000,000	1,973,000	3,094,000	3,616,000	3,730,000	1,789,000	8,087,000	7,369,000	7,812,000	3,168,000	7,917,000	5,583,000	7,677,000	6,229,000	6,143,000	4,167,000	7,286,000	5,335,000	3,281,000	13,744,000	18,163,000	12,300,000	4,343,000	4,962,000	18,833,000	16,483,000	12,884,000	8,682,000	5,703,000	6,119,000	9,793,000	7,752,000	5,955,000	4,834,000	10,033,000	7,645,000	8,413,000	17,931,000	16,233,000	16,171,000	13,103,000	6,169,000	4,754,000	2,371,000	2,440,000	5,468,000	4,317,000	2,669,000	3,836,000	8,213,000
loans, net of allowance for credit losses of 51,297 and 51,299	4,827,252,000
premises and equipment	90,763,000	92,805,000	93,413,000	93,398,000	93,499,000	93,864,000	93,544,000	93,695,000	94,303,000	94,583,000	94,716,000	95,053,000	91,814,000	92,677,000	92,356,000	93,778,000	93,075,000	93,441,000	93,866,000	88,604,000	92,109,000	92,416,000	92,189,000	92,232,000	92,785,000	92,209,000	92,800,000	91,469,000	93,822,000	75,348,000	75,063,000	75,408,000	75,529,000	73,743,000	65,358,000	66,314,000	66,357,000	67,265,000	61,186,000	60,190,000	60,798,000	60,700,000	54,778,000	53,989,000	52,461,000	50,945,000	50,853,000	47,013,000	46,194,000	42,184,000	40,297,000	34,289,000	33,255,000	34,710,000	34,194,000	34,274,000	34,458,000	30,628,000	30,534,000	29,972,000	30,210,000	29,548,000	28,280,000	26,424,000	25,575,000	25,054,000	24,607,000	24,232,000	23,861,000	23,513,000	23,394,000	22,891,000	22,550,000	21,781,000	21,425,000	21,946,000	22,243,000	17,485,000	17,561,000	16,460,000
federal home loan bank stock	45,713,000	45,713,000	45,713,000	45,412,000	45,412,000	53,826,000	53,826,000	53,826,000	53,826,000	34,509,000	34,509,000	34,509,000	32,264,000	26,677,000	26,677,000	26,677,000	24,242,000	24,440,000	24,440,000	23,023,000	23,023,000	23,023,000	23,023,000	23,608,000	22,447,000	22,447,000	22,447,000	22,447,000	22,447,000	18,073,000	18,105,000	18,105,000
goodwill	155,211,000	155,211,000	155,211,000	155,211,000	155,211,000	155,211,000	155,211,000	155,211,000	155,211,000	155,211,000	155,211,000	155,211,000	155,211,000	155,211,000	155,211,000	154,572,000	154,572,000	154,572,000	162,788,000	151,238,000	151,238,000	151,238,000	151,238,000	151,238,000	151,238,000	151,238,000	151,238,000	151,111,000	145,690,000	119,880,000	119,880,000	119,880,000	119,880,000	93,750,000	77,644,000	77,644,000	76,941,000	74,308,000	56,458,000	49,600,000	49,600,000	49,600,000	28,176,000	28,176,000	28,176,000	28,034,000	28,034,000	20,483,000	19,748,000	19,748,000	19,748,000	5,910,000	5,910,000	5,910,000	5,910,000	5,910,000	5,910,000	5,787,000	5,787,000	5,787,000	5,787,000	5,787,000	5,787,000	5,787,000	5,787,000	5,787,000	5,787,000	5,787,000	5,787,000	5,787,000	5,787,000	5,787,000	5,787,000	5,787,000	5,787,000	5,787,000	5,787,000
other intangible assets	6,505,000	7,180,000	7,886,000	8,592,000	9,407,000	10,223,000	11,067,000	11,910,000	12,754,000	13,626,000	14,530,000	15,433,000	16,336,000	17,239,000	18,164,000	19,090,000	20,016,000	20,941,000	21,150,000	21,160,000	22,058,000	22,955,000	23,869,000	24,782,000	25,723,000	26,679,000	27,658,000	28,665,000	31,174,000	10,875,000	11,359,000	11,844,000	12,402,000	9,494,000	9,082,000	9,450,000	9,366,000	9,583,000	8,686,000	7,095,000	7,371,000	7,648,000	3,531,000	3,738,000	3,965,000	4,193,000	4,422,000	3,100,000	3,288,000	4,048,000	4,295,000	2,403,000	2,515,000	2,628,000	2,741,000	2,855,000	2,970,000	1,372,000	1,447,000	1,521,000	1,597,000	1,674,000	1,751,000	1,829,000	1,908,000	1,988,000	2,068,000	2,150,000	2,234,000	2,323,000	2,412,000	2,503,000	2,594,000	2,687,000	2,780,000	2,875,000
interest receivable	29,015,000	29,733,000	28,758,000	39,730,000	38,663,000	39,747,000	39,366,000	43,240,000	40,008,000	38,710,000	37,850,000	37,536,000	36,428,000	35,294,000	30,096,000	28,996,000	27,476,000	26,137,000	24,762,000	21,702,000	20,951,000	21,396,000	20,456,000	20,185,000	17,774,000	18,828,000	18,282,000	19,015,000	17,423,000	13,999,000	12,993,000	12,044,000	16,244,000	14,880,000	13,316,000	12,581,000	12,713,000	12,702,000	11,526,000	10,476,000	10,535,000	10,862,000	8,823,000	8,431,000	8,246,000	8,411,000	8,280,000	7,536,000	7,501,000	7,716,000	8,248,000	6,651,000	6,778,000	6,633,000	6,519,000	6,720,000	6,583,000	6,206,000	5,986,000	6,222,000	6,051,000	6,038,000	5,708,000	5,518,000	5,888,000	5,704,000	5,897,000	6,354,000	6,134,000	5,759,000	6,094,000	5,655,000	5,365,000	5,318,000	5,813,000	5,678,000	5,383,000	4,854,000	4,688,000	3,769,000
cash value of life insurance	37,065,000	36,732,000	37,762,000	37,755,000	37,409,000	37,450,000	37,115,000	36,773,000	36,455,000	36,157,000	149,212,000	148,171,000	147,156,000	146,175,000	145,439,000	94,625,000	97,660,000	97,150,000	97,003,000	97,071,000	97,262,000	96,751,000	96,198,000	95,709,000	95,153,000	95,577,000	95,011,000	94,613,000	94,449,000	87,530,000	76,576,000	76,366,000	75,931,000	75,480,000	75,006,000	74,598,000	74,134,000	73,661,000	57,944,000	54,849,000	54,504,000	54,148,000	39,897,000	39,640,000
other assets	217,649,000	215,460,000	226,247,000	148,773,000	143,675,000	152,635,000	119,026,000	165,656,000	160,593,000	177,061,000	152,280,000	133,476,000	122,154,000	139,281,000	158,390,000	128,356,000	96,656,000	80,753,000	85,660,000	79,696,000	72,695,000	93,564,000	92,119,000	86,846,000	85,461,000	66,628,000	52,279,000	51,851,000	45,832,000	47,438,000	47,210,000	35,795,000	40,963,000	41,848,000	38,882,000	37,908,000	44,620,000	55,929,000	36,074,000	32,502,000	31,995,000	29,213,000	24,995,000	23,698,000	32,141,000	25,143,000	24,934,000	22,657,000	24,832,000	26,279,000	25,917,000	20,382,000	18,970,000	18,619,000	20,428,000	20,541,000	18,555,000	24,620,000	17,442,000	9,623,000	9,601,000	9,966,000	9,215,000	6,670,000	5,423,000	6,196,000	8,079,000	30,142,000	31,369,000	29,551,000	21,620,000	21,572,000	23,508,000	22,310,000	22,119,000	21,139,000	20,832,000	20,444,000	19,097,000	6,673,000
total assets	6,564,216,000	6,436,611,000	6,712,497,000	7,652,051,000	7,628,638,000	7,801,146,000	7,927,457,000	7,912,527,000	7,855,707,000	7,940,485,000	7,959,434,000	7,963,353,000	7,897,995,000	7,872,518,000	7,718,695,000	7,640,936,000	7,420,328,000	7,374,903,000	7,534,240,000	6,109,227,000	6,055,528,000	5,886,614,000	5,790,143,000	5,739,262,000	5,351,325,000	5,246,829,000	5,186,714,000	5,098,682,000	5,051,639,000	4,150,561,000	4,076,611,000	3,969,750,000	3,964,303,000	3,519,501,000	3,321,178,000	3,169,643,000	3,141,156,000	3,325,650,000	2,918,080,000	2,627,918,000	2,652,401,000	2,607,914,000	2,219,307,000	2,153,965,000	2,076,922,000	2,037,045,000	2,073,251,000	1,806,583,000	1,758,276,000	1,848,227,000	1,846,776,000	1,490,810,000	1,413,737,000	1,382,390,000	1,400,919,000	1,485,058,000	1,464,415,000	1,301,660,000	1,387,020,000	1,321,224,000	1,343,296,000	1,442,851,000	1,306,857,000	1,188,631,000	1,194,447,000	1,249,676,000	1,258,874,000	1,194,246,000	1,192,283,000	1,151,886,000	1,222,430,000	1,159,189,000	1,131,141,000	1,072,983,000	1,127,875,000	1,084,319,000	1,098,631,000	911,706,000	913,831,000	757,071,000
liabilities
deposits
non-interest bearing	1,139,466,000	1,078,708,000	1,122,888,000	1,121,163,000	1,127,324,000																		1,016,646,000	981,868,000	709,978,000	709,760,000	756,707,000	810,350,000	811,768,000	621,475,000	615,018,000	602,175,000	601,805,000	563,536,000	508,305,000	502,400,000	496,248,000	479,771,000	397,412,000	343,025,000	335,955,000	338,436,000	307,215,000	285,181,000	267,667,000	278,527,000	270,023,000	238,499,000	231,096,000	209,200,000	211,935,000	121,483,000	113,747,000	111,155,000	107,606,000	105,376,000	99,291,000	91,482,000	84,357,000	87,725,000	83,940,000	81,000,000	83,642,000	86,093,000	81,212,000	74,757,000				87,341,000
interest bearing	4,282,841,000	4,196,709,000	4,398,013,000	4,578,594,000	4,638,459,000	4,535,834,000	4,641,480,000	4,543,114,000	4,486,794,000	4,548,888,000	4,573,394,000	4,539,277,000	4,470,100,000	4,580,006,000	4,515,683,000	4,517,372,000	4,525,927,000	4,442,653,000	4,655,142,000	3,678,676,000	3,588,404,000	3,477,891,000	3,319,643,000	3,325,731,000	3,172,293,000	3,221,242,000	3,159,250,000	3,120,425,000	3,076,255,000	2,507,079,000	2,401,145,000	2,331,501,000	2,279,198,000	2,044,739,000	1,910,478,000	1,941,299,000	1,974,962,000	1,856,391,000	1,684,849,000	1,535,454,000	1,544,198,000	1,574,639,000	1,277,508,000	1,179,915,000	1,214,652,000	1,171,136,000	1,229,080,000	1,117,072,000	1,060,424,000	1,084,953,000	1,095,036,000	868,266,000	906,529,000	890,254,000	877,892,000	894,107,000	923,704,000	782,040,000	867,351,000	770,272,000	764,210,000	896,489,000	757,527,000	663,329,000	711,044,000	807,973,000	809,567,000	716,810,000	738,309,000	742,403,000	832,024,000	724,981,000	753,688,000	688,295,000	707,439,000	698,773,000	729,586,000	563,046,000	554,202,000	475,011,000
total deposits	5,422,307,000	5,275,417,000	5,520,901,000	5,699,757,000	5,765,783,000	5,600,652,000	5,727,015,000	5,630,154,000	5,579,870,000	5,664,893,000	5,700,097,000	5,709,332,000	5,701,945,000	5,857,774,000	5,830,838,000	5,845,585,000	5,851,497,000	5,802,991,000	5,979,899,000	4,781,626,000	4,721,816,000	4,531,133,000	4,336,289,000	4,307,599,000	3,882,271,000	3,931,002,000	3,915,957,000	3,930,775,000	3,888,023,000	3,128,554,000	3,016,163,000	2,933,676,000	2,881,003,000	2,608,275,000	2,418,783,000	2,443,699,000	2,471,210,000	2,336,162,000	2,082,261,000	1,878,479,000	1,880,153,000	1,913,075,000	1,584,723,000	1,465,096,000	1,482,319,000	1,449,663,000	1,499,103,000	1,355,571,000	1,291,520,000	1,294,153,000	1,306,971,000	989,749,000	1,020,276,000	1,001,409,000	985,498,000	999,483,000	1,022,995,000	873,522,000	951,708,000	857,997,000	848,150,000	977,489,000	841,169,000	749,422,000	792,256,000	882,730,000	893,664,000	795,844,000	820,944,000	829,744,000	913,973,000	815,186,000	840,115,000	777,910,000	855,566,000	785,084,000	804,828,000	634,810,000	612,217,000	546,168,000
short and long term borrowings	225,829,000	248,586,000	247,172,000	975,425,000	900,069,000
subordinated notes	98,262,000	98,215,000	154,011,000	55,807,000	55,772,000	55,738,000	55,703,000	55,668,000	55,634,000	55,543,000	59,007,000	58,970,000	58,933,000	58,896,000	58,860,000	58,823,000	58,786,000	58,750,000	58,713,000	58,676,000	58,640,000	58,603,000
junior subordinated debentures issued to capital trusts	57,740,000	57,688,000	57,636,000	57,583,000	57,531,000	57,477,000	57,423,000	57,369,000	57,315,000	57,258,000	57,201,000	57,143,000	57,087,000	57,027,000	56,966,000	56,907,000	56,850,000	56,785,000	56,722,000	56,662,000	56,604,000	56,548,000	56,491,000	56,437,000
interest payable	8,537,000	12,892,000	12,395,000	14,007,000	11,441,000	11,137,000	11,400,000	11,240,000	7,853,000	22,249,000	16,281,000	12,739,000	5,922,000	5,380,000	1,961,000	2,402,000	1,420,000	2,235,000	1,427,000	2,430,000	1,772,000	2,712,000	2,481,000	2,353,000	2,772,000	3,062,000	2,725,000	3,005,000	2,471,000	1,688,000	1,441,000	1,216,000	886,000	700,000	559,000	523,000	472,000	1,015,000	961,000	580,000	507,000	490,000	461,000	504,000	497,000	477,000	508,000	498,000	506,000	560,000	579,000	582,000	705,000	786,000	781,000	766,000	1,015,000	1,038,000	1,135,000	1,304,000	1,657,000	1,849,000	1,910,000	1,949,000	1,966,000	2,823,000	2,439,000	2,409,000	1,785,000	1,719,000	1,771,000	1,904,000	1,442,000	1,315,000	1,663,000	1,729,000	1,547,000	1,202,000	1,024,000	751,000
other liabilities	52,514,000	55,562,000	59,611,000	58,620,000	61,981,000	80,308,000	55,951,000	74,096,000	74,664,000	68,680,000	76,969,000	63,887,000	59,622,000	73,117,000	76,986,000	60,132,000	45,661,000	55,180,000	58,184,000	60,365,000	45,829,000	70,402,000	78,550,000	78,770,000	74,453,000	50,690,000	52,480,000	46,014,000	38,579,000	27,215,000	25,881,000	16,443,000	23,526,000	22,712,000	21,711,000	19,337,000	23,674,000	35,411,000	28,099,000	24,099,000	22,765,000	22,952,000	14,037,000	15,779,000	15,852,000	14,409,000	13,539,000	12,163,000	12,948,000	16,451,000	17,932,000	15,051,000	10,478,000	9,170,000	11,032,000	15,619,000	11,217,000	10,312,000	7,719,000	8,369,000	8,959,000	8,293,000	8,208,000	5,909,000	5,352,000	5,641,000	5,437,000	6,027,000	5,992,000	4,874,000	4,807,000	5,224,000	5,105,000	4,973,000	5,646,000	5,781,000	6,196,000	4,694,000	5,490,000	5,716,000
total liabilities	5,865,189,000	5,748,360,000	6,051,726,000	6,861,199,000	6,852,577,000	7,037,564,000	7,172,635,000	7,185,862,000	7,134,457,000	7,221,673,000	7,266,065,000	7,254,110,000	7,195,436,000	7,195,143,000	7,073,702,000	6,983,071,000	6,742,878,000	6,651,694,000	6,825,698,000	5,398,853,000	5,366,149,000	5,194,398,000	5,119,850,000	5,087,056,000	4,720,483,000	4,590,806,000	4,544,003,000	4,472,221,000	4,442,171,000	3,672,967,000	3,606,076,000	3,509,334,000	3,507,225,000	3,127,446,000	2,963,919,000	2,821,068,000	2,800,301,000	2,979,914,000	2,637,078,000	2,366,501,000	2,385,569,000	2,343,176,000	2,017,176,000	1,954,474,000	1,882,508,000	1,847,265,000	1,885,915,000	1,636,800,000	1,593,756,000	1,689,259,000	1,690,914,000	1,372,130,000	1,292,230,000	1,266,330,000	1,288,636,000	1,364,946,000	1,347,903,000	1,185,944,000	1,272,415,000	1,207,391,000	1,236,102,000	1,336,424,000	1,203,507,000	1,113,559,000	1,120,834,000	1,175,005,000	1,188,229,000	1,126,580,000	1,129,111,000	1,087,393,000	1,160,553,000	1,099,699,000	1,076,514,000	1,017,887,000	1,074,345,000	1,030,165,000	1,045,800,000	862,068,000	863,399,000	710,848,000
commitments and contingent liabilities
stockholders’ equity
preferred stock, authorized, 1,000,000 shares, issued 0 shares
common stock																																																				1,126,000	1,139,000	1,123,000	1,122,000					24,267,000	24,229,000	1,114,000					1,114,000			1,112,000		1,110,000		1,108,000			1,078,000
51,318,751 and 51,217,433 shares issued at march 31, 2026 and december 31, 2025, respectively
additional paid-in capital	459,799,000	459,243,000	458,734,000	360,758,000	360,522,000	363,761,000	358,453,000	357,673,000	356,599,000	356,400,000	355,478,000	354,953,000	354,035,000	354,188,000	352,837,000	352,412,000	351,522,000	352,122,000	351,954,000	359,227,000	362,613,000	362,945,000	362,180,000	361,087,000	361,019,000	379,853,000	379,448,000	380,735,000	378,963,000	275,804,000	275,587,000	275,302,000	275,059,000	212,436,000	182,552,000	182,402,000	182,326,000	181,901,000	120,758,000	106,500,000	106,370,000	106,083,000	46,622,000	46,064,000	45,916,000	45,729,000	45,438,000	32,604,000	32,496,000	31,965,000	31,894,000	10,579,000	10,471,000	10,446,000	10,356,000	10,295,000	10,253,000	10,211,000	10,030,000	9,974,000	9,785,000	26,869,000	26,802,000	25,884,000	25,816,000	25,705,000	25,638,000	25,521,000	25,431,000	25,347,000	25,229,000	25,135,000	24,970,000	24,901,000	24,552,000	24,714,000	23,810,000	23,810,000	22,729,000	20,994,000
retained earnings	272,941,000	255,004,000	236,312,000	466,497,000	452,945,000	436,122,000	454,050,000	442,977,000	435,927,000	429,021,000	461,325,000	452,209,000	440,556,000	429,385,000	415,277,000	398,517,000	380,700,000	363,742,000	348,943,000	332,509,000	316,080,000	301,419,000	284,835,000	269,849,000	260,501,000	269,738,000	256,617,000	241,519,000	230,327,000	214,753,000	205,535,000	195,292,000	185,570,000	181,396,000	176,123,000	169,950,000	164,173,000	161,026,000	156,651,000	152,219,000	148,685,000	144,344,000	141,889,000	138,500,000	134,477,000	130,864,000	127,154,000	123,678,000	121,253,000	105,402,000	101,267,000	86,524,000	84,417,000	82,169,000	80,240,000	78,280,000	75,916,000	74,310,000	73,431,000	72,255,000	70,807,000	69,654,000	67,804,000	66,239,000	65,460,000	63,023,000	60,982,000	59,460,000	57,678,000	56,149,000	54,196,000	52,417,000	50,902,000	49,524,000	48,523,000	46,882,000	45,267,000	43,995,000	43,092,000	37,638,000
accumulated other comprehensive loss	-33,713,000	-25,996,000					-57,681,000	-73,985,000	-71,276,000		-123,434,000	-97,919,000	-92,032,000																	-12,963,000	-10,587,000	-10,178,000	-3,551,000	-1,777,000	-1,416,000	-3,777,000	-5,644,000																															-1,276,000	-3,898,000	-963,000	-1,507,000	-2,020,000	-5,202,000	-3,285,000
total stockholders’ equity	699,027,000	688,251,000	660,771,000	790,852,000	776,061,000	763,582,000	754,822,000	726,665,000	721,250,000	718,812,000	693,369,000	709,243,000	702,559,000	677,375,000	644,993,000	657,865,000	677,450,000	723,209,000	708,542,000	710,374,000	689,379,000	692,216,000	670,293,000	652,206,000	630,842,000	656,023,000	642,711,000	626,461,000	609,468,000	477,594,000	470,535,000	460,416,000	457,078,000	392,055,000	357,259,000	348,575,000	340,855,000	345,736,000	281,002,000	261,417,000	266,832,000	264,738,000	202,131,000	199,491,000	194,414,000	189,780,000	187,336,000	169,783,000	164,520,000	158,968,000	155,862,000	118,680,000	121,507,000	116,060,000	112,283,000	120,112,000	116,512,000	115,716,000	114,605,000	113,833,000	107,194,000	106,427,000	103,350,000	75,072,000	73,613,000	74,671,000	70,645,000	67,666,000	63,172,000	64,493,000	61,877,000	59,490,000	54,627,000	55,096,000	53,530,000	54,154,000	52,831,000	49,638,000	50,432,000	46,223,000
total liabilities and stockholders’ equity	6,564,216,000	6,436,611,000	6,712,497,000	7,652,051,000	7,628,638,000	7,801,146,000	7,927,457,000	7,912,527,000	7,855,707,000	7,940,485,000	7,959,434,000	7,963,353,000	7,897,995,000	7,872,518,000	7,718,695,000	7,640,936,000	7,420,328,000	7,374,903,000	7,534,240,000	6,109,227,000	6,055,528,000	5,886,614,000	5,790,143,000	5,739,262,000	5,351,325,000	5,246,829,000	5,186,714,000	5,098,682,000	5,051,639,000	4,150,561,000	4,076,611,000	3,969,750,000	3,964,303,000	3,519,501,000	3,321,178,000	3,169,643,000	3,141,156,000	3,325,650,000	2,918,080,000	2,627,918,000	2,652,401,000	2,607,914,000	2,219,307,000	2,153,965,000	2,076,922,000	2,037,045,000	2,073,251,000	1,806,583,000	1,758,276,000	1,848,227,000	1,846,776,000	1,490,810,000	1,413,737,000	1,382,390,000	1,400,919,000	1,485,058,000	1,464,415,000	1,301,660,000	1,387,020,000	1,321,224,000	1,343,296,000	1,442,851,000	1,306,857,000	1,188,631,000	1,194,447,000	1,249,676,000	1,258,874,000	1,194,246,000	1,192,283,000	1,151,886,000	1,222,430,000	1,159,189,000	1,131,141,000	1,072,983,000	1,127,875,000	1,084,319,000	1,098,631,000	911,706,000	913,831,000	757,071,000
interest earning time deposits						735,000	735,000	1,715,000	1,715,000		2,207,000	2,452,000	3,098,000		2,814,000	3,799,000	4,046,000		5,767,000	6,994,000	7,983,000
investment securities, held to maturity				1,819,087,000	1,843,851,000	1,867,690,000	1,888,379,000	1,904,281,000	1,925,725,000	1,945,638,000	1,966,483,000	1,983,496,000	2,015,537,000	2,022,748,000	2,031,536,000	2,052,772,000	2,006,129,000	1,552,443,000	769,240,000	153,284,000	161,650,000	168,676,000	180,270,000	190,935,000	199,467,000	207,899,000	210,306,000	213,768,000	206,327,000	223,848,000	209,767,000	206,689,000	200,448,000	198,605,000	199,474,000	198,868,000	193,194,000	187,027,000	173,696,000	180,291,000	187,629,000	182,187,000	162,661,000	164,282,000	165,767,000	172,449,000	173,200,000	9,910,000	9,910,000		6,100,000	10,632,000	10,632,000	10,632,000	9,595,000	13,490,000	13,757,000	17,122,000	11,657,000	15,661,000	12,875,000	2,070,000	1,630,000	730,000	815,000
loans, net of allowance for credit losses of 51,299 and 51,980		4,825,243,000
51,217,433 and 44,226,819 shares issued at december 31, 2025 and december 31, 2024, respectively
loans, net of allowance for credit losses of 50,178 and 51,980			4,773,491,000
51,217,433 and 44,226,819 shares issued at september 30, 2025 and december 31, 2024, respectively
accumulated other comprehensive income			-34,275,000	-36,403,000	-37,406,000	-36,301,000				-66,609,000				-106,198,000	-123,121,000	-93,064,000	-54,772,000	7,345,000	7,645,000	18,638,000	10,686,000	27,852,000	23,278,000	21,270,000	9,322,000	6,432,000	6,646,000	4,207,000	178,000									2,809,000	3,593,000	2,698,000	-723,000	1,811,000	1,120,000	2,427,000	1,521,000	687,000	2,244,000	1,001,000	-1,729,000	9,101,000	10,201,000	7,951,000	7,179,000	4,064,000	2,348,000	5,989,000	4,836,000	5,728,000	5,719,000	6,219,000	1,259,000	1,751,000	628,000	-1,013,000	-1,625,000	1,981,000	63,000								-2,853,000	-697,000	180,000	-1,688,000	894,000	2,075,000
federal funds sold				2,024,000			113,912,000	34,453,000																																																										33,000,000	35,314,000				6,500,000									17,000,000
loans, net of allowance for credit losses of 54,399 and 51,980				4,931,183,000
44,098,521 and 44,226,819 shares issued at june 30, 2025 and december 31, 2024, respectively
loans, net of allowance for credit losses of 52,654 and 51,980					4,857,161,000
44,097,291 and 44,226,819 shares issued at march 31, 2025 and december 31, 2024, respectively
loans, net of allowance for credit losses of 51,980 and 50,029						4,795,060,000
non–interest bearing						1,064,818,000	1,085,535,000	1,087,040,000	1,093,076,000	1,116,005,000	1,126,703,000	1,170,055,000	1,231,845,000	1,277,768,000	1,315,155,000	1,328,213,000	1,325,570,000	1,360,338,000	1,324,757,000	1,102,950,000	1,133,412,000	1,053,242,000
short and long-term borrowings						1,232,252,000
44,226,819 and 44,106,174 shares issued at december 31, 2024 and december 31, 2023, respectively
interest earning deposits							12,107,000	4,957,000
loans, net of allowance for credit losses of 52,881 and 50,029							4,751,115,000
borrowings							1,265,143,000	1,357,335,000	1,359,121,000	1,353,050,000	1,356,510,000	1,352,039,000	1,311,927,000	1,142,949,000	1,048,091,000	959,222,000	728,664,000	675,753,000	670,753,000	439,094,000	481,488,000	475,000,000	587,473,000	583,073,000	704,613,000	549,741,000	516,591,000	436,233,000	457,788,000	477,719,000	524,846,000	520,300,000	564,157,000	458,152,000	485,304,000	319,993,000	267,489,000	569,908,000	492,883,000	430,507,000	449,347,000	373,901,000	385,236,000	440,415,000	351,198,000	350,113,000	340,201,000	236,043,000	256,296,000	345,764,000	333,150,000	336,095,000	230,141,000	224,358,000	260,741,000	318,516,000	282,137,000	273,235,000	284,016,000	311,884,000	349,499,000	320,956,000	324,383,000	328,442,000	293,423,000	255,974,000	258,852,000
43,712,059 shares issued and outstanding at september 30, 2024 and 43,652,063 shares issued and outstanding at december 31, 2023
loans, net of allowance for credit losses of 52,215 and 50,029								4,770,625,000
43,712,059 shares issued and outstanding at june 30, 2024 and 43,652,063 shares issued and outstanding at december 31, 2023
loans, net of allowance for credit losses of 50,387 and 50,029									4,567,788,000
issued and outstanding 44,115,840 and 44,106,174 shares
interest-earning time deposits										2,205,000				2,812,000				4,782,000				8,965,000	9,213,000	9,247,000	9,239,000	8,455,000	8,455,000	8,090,000	15,987,000
loans, net of allowance for credit losses of 50,029 and 50,464										4,367,601,000
issued and outstanding 44,106,174 and 43,937,889 shares
loans, net of allowance for credit losses of 49,699 and 50,464											4,309,303,000
issued and outstanding 44,116,739 and 43,937,889 shares
loans, net of allowance for credit losses of 49,976 and 50,464												4,216,284,000
issued and outstanding 44,112,816 and 43,937,889 shares
loans, net of allowance for credit losses of 49,526 and 50,464													4,197,425,000
issued and outstanding 44,041,213 and 43,937,889 shares
loans, net of allowance for credit losses of 50,464 and 54,286														4,107,534,000
issued and outstanding 43,937,889 and 43,811,421 shares
loans, net of allowance for credit losses of 51,369 and 54,286															3,960,846,000
issued and outstanding 43,932,389 and 43,766,931 shares
loans, net of allowance for credit losses of 52,350 and 54,286																3,885,460,000
issued 43,883,415 and 43,766,931 shares, outstanding 43,572,796 and 43,547,942 shares
loans, net of allowance for credit losses of 52,508 and 54,286																	3,659,209,000
issued 43,874,763 and 43,766,931 shares, outstanding 43,572,796 and 43,547,942 shares
loans, net of allowance for credit losses of 54,286 and 57,027																		3,553,345,000
issued 43,811,421 and 43,905,631 shares, outstanding 43,547,942 and 43,880,562 shares
loans, net of allowance for credit losses of 56,779 and 57,027																			3,603,302,000
issued 43,609,536 and 43,905,631 shares, outstanding 43,520,694 and 43,880,562 shares
loans, net of allowance for credit losses of 55,649 and 57,027																				3,463,870,000
issued 44,039,562 and 43,905,631 shares, outstanding 43,950,720 and 43,880,562 shares
loans, net of allowance for credit losses of 57,186 and 57,027																					3,607,250,000
issued 43,974,258 and 43,905,631 shares, outstanding 43,949,189 and 43,880,562 shares
loans, net of allowance for credit losses of 57,027 and 17,667																						3,810,356,000
issued 43,905,631 and 45,000,840 shares, outstanding 43,880,562 and 44,975,771 shares
loans, net of allowance for loan losses of 56,319 and 17,667																							3,974,046,000
subordinated debentures																							58,566,000	58,824,000	56,374,000	56,311,000	56,250,000	56,194,000	55,310,000	37,791,000	37,745,000	37,699,000	37,653,000	37,607,000	37,562,000	37,516,000	37,456,000	37,418,000	32,874,000	32,836,000	32,797,000	32,758,000	32,719,000	32,680,000	32,642,000	32,603,000	32,564,000	32,525,000	32,486,000	32,331,000	32,282,000	30,653,000	30,630,000	30,607,000	30,584,000	30,562,000	30,539,000	27,837,000	27,837,000	27,837,000	27,837,000	27,837,000	27,837,000	27,837,000	27,837,000	27,837,000	27,837,000	27,837,000	27,837,000	27,837,000	40,209,000	27,837,000	27,837,000	27,837,000	27,837,000	27,837,000	27,837,000	22,682,000	22,682,000
issued 43,899,422 and 45,000,840 shares, outstanding 43,874,353 and 44,975,771 shares
loans, net of allowance for loan losses of 55,090 and 17,667																								3,923,292,000
issued 43,846,947 and 45,000,840 shares, outstanding 43,821,878 and 44,975,771 shares
loans, net of allowance for loan losses of 48,440 and 17,667																									3,658,859,000
issued 43,788,692 and 45,000,840 shares, outstanding 43,763,623 and 44,975,771 shares
loans, net of allowance for loan losses of 17,667 and 17,820																										3,619,174,000
issued 45,000,840 and 38,400,476 shares, outstanding 44,975,771 and 38,375,407 shares
loans, net of allowance for loan losses of 17,956 and 17,820																											3,648,669,000
issued 44,994,090 and 38,400,476 shares, outstanding 44,969,021 and 38,375,407 shares
loans, net of allowance for loan losses of 18,305 and 17,820																												3,646,363,000
issued 45,086,441 and 38,400,476 shares
loans, net of allowance for loan losses of 17,821 and 17,820																													3,603,236,000
issued 45,077,816 and 38,400,476 shares (restated - see note 1),
outstanding 45,052,747 and 38,375,407 shares
loans, net of allowance for loan losses of 17,798 and 16,394																														2,939,588,000
issued 38,392,959 and 38,323,604 shares
loans, net of allowance for loan losses of 17,071 and 16,394																															2,907,445,000
issued 38,387,709 and 38,323,604 shares
loans, net of allowance for loan losses of 16,474 and 16,394																																2,840,319,000
loans, net of allowance for loan losses of 16,394 and 14,837																																	2,815,601,000
federal reserve and federal home loan bank stock																																	18,105,000	15,340,000	14,945,000	24,090,000	23,932,000	20,877,000	16,636,000	13,823,000	13,823,000	13,823,000	11,080,000	11,348,000	11,348,000	16,912,000	16,326,000	14,184,000	14,184,000	13,333,000	13,333,000	12,390,000	12,390,000	13,664,000	13,664,000	14,603,000	14,525,000	13,189,000	13,189,000	13,225,000	13,225,000	12,625,000	12,625,000	12,625,000	12,625,000	12,625,000	12,625,000	12,625,000	12,087,000	12,136,000	12,136,000	12,457,000	13,014,000	12,983,000	12,983,000	12,499,000	12,499,000	11,279,000	11,279,000	10,853,000
preferred stock, authorized, 1,000,000 shares issued 0 and 0 shares
loans, net of allowance for loan losses of 15,586 and 14,837																																		2,410,239,000
preferred stock, authorized, 1,000,000 shares
issued 0 and 0 shares
authorized 66,000,000 shares
issued, 23,344,709 and 22,192,530 shares
outstanding, 23,325,459 and 22,171,596 shares
loans, net of allowance for loan losses of 15,027 and 14,837																																			2,252,697,000
issued, 22,195,715 and 22,192,530 shares
outstanding, 22,176,465 and 22,171,596 shares
loans, net of allowance for loan losses of 15,054 and 14,837																																				2,131,899,000
loans, net of allowance for loan losses of 14,837 and 14,534																																					2,121,149,000
series b shares .01 par value...
issued 0 and 12,500 shares
authorized, 66,000,000 shares
issued, 22,192,530 and 17,992,986 shares
outstanding, 22,171,596 and 17,909,831 shares
loans, net of allowance for loan losses of 14,524 and 14,534																																						2,175,995,000
preferred stock, authorized, 1,000,000 shares series b shares .01 par value...																																									12,500,000	12,500,000	12,500,000	12,500,000		12,500,000	12,500,000	12,500,000	12,500,000
loans, net of allowance for loan losses of 14,226 and 14,534																																							1,923,599,000
loans, net of allowance for loan losses of 14,236 and 14,534																																								1,705,836,000
loans, net of allowance for loan losses of 14,534 and 16,501																																									1,734,597,000
loans, net of allowance for loan losses of 16,168 and 16,501																																										1,710,322,000
loans, net of allowance for loan losses of 16,421 and 16,501																																											1,502,862,000
loans, net of allowance for loan losses of 16,634 and 16,501																																												1,444,725,000
loans, net of allowance for loan losses of 16,501 and 15,992																																													1,362,053,000
cash value life insurance																																													39,382,000	39,120,000	38,860,000	36,423,000	36,190,000	35,192,000	34,929,000	29,959,000	27,611,000	27,400,000	27,195,000	26,991,000	26,778,000	23,295,000	23,139,000	22,966,000	22,792,000	22,607,000	22,451,000	22,232,000	22,953,000	22,612,000	22,384,000
issued 12,500 shares																																													12,500,000
authorized, 22,500,000 shares
issued, 9,278,916 and 8,706,971 shares
outstanding, 9,213,036 and 8,630,966 shares
loans, net of allowance for loan losses of 16,160 and 15,992																																														1,326,861,000
loans, net of allowance for loan losses of 15,660 and 15,992																																															1,305,834,000
loans, net of allowance for loan losses of 16,102 and 15,992																																																1,084,692,000
loans, net of allowance for loan losses of 15,992 and 18,270																																																	1,052,836,000
loans, net of allowance for loan losses of 18,270 and 18,882																																																		1,172,447,000
preferred stock, .01 par value...																																																			12,500,000
authorized, 1,000,000 series b shares
issued 12,500 and 12,500 shares																																																		12,500,000
issued, 8,693,471 and 7,450,794 shares
outstanding, 8,617,466 and 7,421,544 shares
loans, net of allowance for loan losses of 18,568 and 18,882																																																			1,136,480,000
loans, net of allowance for loan losses of 19,110 and 19,064																																																				906,730,000
loans, net of allowance for loan losses of 18,586 and 19,064																																																					820,684,000
commitments and contingent liabilities stockholders’ equity
preferred stock, no par value, 1,000 liquidation value authorized, 1,000,000 shares issued 18,750 shares																																																					18,301,000	18,258,000
loans, net of allowance for loan losses of 19,090 and 19,064																																																						790,467,000
loans, net of allowance for loan losses of 19,064 and 16,015																																																							863,813,000
preferred stock, no par value, 1,000 liquidation value authorized, 1,000,000 shares issued 18,750 and 25,000 shares																																																							18,217,000
loans, net of allowance for loan losses of 18,030 and 16,015																																																								940,784,000
preferred stock, no par value, 1,000 liquidation value
authorized, 1,000,000 shares
issued 25,000 shares																																																								24,426,000	24,385,000	24,345,000	24,306,000
issued, 3,301,437 and 3,273,881 shares																																																								1,122,000
loans, net of allowance for loan losses of 16,543 and 16,015																																																									906,252,000
issued, 3,300,087 and 3,273,881 shares																																																									1,122,000
loans, net of allowance for loan losses of 16,120 and 16,015																																																										793,300,000
issued, 3,295,953 and 3,273,881 shares																																																										1,122,000
interest-bearing deposits																																																											4,783,000	4,464,000	10,418,000	6,444,000	2,679,000	1,186,000	1,378,000	3,230,000	249,000	120,000	4,407,000	1,277,000	898,000	128,000	1,698,000	988,000	15,735,000	985,000	1,960,000	10,000	985,000	9,135,000
loans, net of allowance for loan losses of 16,015 and 11,410																																																											870,302,000
issued, 3,273,881 and 3,254,482 shares																																																											1,119,000
loans, net of allowance for loan losses of 13,924 and 11,410																																																												861,785,000
issued, 3,271,631 and 3,254,482 shares																																																												1,118,000
federal reserve and fed funds sold																																																													2,695,000	75,568,000
cash and cash equivalents																																																													16,580,000	88,879,000	36,001,000	20,528,000	18,701,000	81,098,000	55,029,000	19,788,000	24,894,000	20,858,000	58,812,000	21,777,000	23,408,000	21,112,000	39,250,000	19,789,000	36,844,000	16,254,000	18,254,000	45,464,000
loans, net of allowance for loan losses of 12,649 and 11,410																																																													882,781,000
deferred tax asset																																																													2,520,000	1,727,000	2,580,000	2,739,000	2,783,000
issued, 3,266,611 and 3,254,482 shares																																																													1,114,000
loans, net of allowance for loan losses of 11,589 and 11,410																																																														922,515,000
preferred stock, no par value, 1,000 liquidation value authorized, 1,000,000 shares issued 25,000 shares																																																														24,191,000
less treasury stock, at cost, 1,759,424 shares																																																														-17,152,000	-17,152,000	-17,152,000	-17,152,000	-17,152,000	-17,152,000	-17,152,000	-17,152,000	-17,152,000
interest-bearing demand deposits																																																															1,000	1,000	1,000	1,000	1,000	3,000	1,000	1,000	1,000	104,000	1,000	1,000	87,000	660,000	232,000	31,000	1,000	30,000
loans, net of allowance for loan losses of 11,410 and 9,791																																																															870,557,000
commitments and contingencies
preferred stock, no par value
issued 25,000 and –0- shares																																																															24,154,000
issued, 5,013,906 and 5,011,656 shares																																																															1,114,000	1,114,000	1,114,000
loans, net of allowance for loan losses of 10,525 and 9,791																																																																847,422,000
no shares issued
loans, net of allowance for loan losses of 9,812 and 9,791																																																																	828,602,000
loans, net of allowance for loan losses of 9,681 and 9,791																																																																		838,744,000
issued, 5,011,656 shares																																																																		1,114,000
loans, net of allowance for loan losses of 9,791 and 8,738																																																																			879,061,000
noninterest bearing																																																																			84,097,000	79,034,000	82,635,000		81,949,000	90,205,000	86,427,000	89,615,000	148,127,000	86,311,000	75,242,000	71,764,000	58,015,000	71,157,000
preferred stock, no par value authorized, 1,000,000 shares no shares issued
loans, net of allowance for loan losses of 8,823 and 8,738																																																																				844,486,000
short-term borrowings																																																																				78,661,000	86,689,000	62,279,000	83,842,000	120,579,000	72,988,000	76,754,000	50,024,000	72,108,000	72,712,000	58,983,000	82,281,000	20,241,000
long-term borrowings																																																																				215,802,000	185,864,000	160,940,000	115,951,000	128,969,000	129,027,000	129,098,000	133,609,000	137,626,000	132,680,000	139,697,000	139,705,000
issued, 5,010,406 and 4,998,106 shares																																																																				1,113,000	1,113,000
loans, net of allowance for loan losses of 8,665 and 8,738																																																																					840,736,000
loans, net of allowance for loan losses of 8,620 and 8,738																																																																						799,688,000
loans, net of allowance for loan losses of 8,738 and 8,368																																																																							835,096,000
issued, 4,998,106 and 4,911,741 shares																																																																							1,111,000
restricted stock, unearned compensation																																																																											-760,000	-813,000	-866,000	-919,000	-972,000
less treasury stock, at cost, 1,759,424 and 1,755,158 shares																																																																							-17,152,000	-17,152,000		-17,152,000
loans, net of allowance for loan losses of 8,810 and 8,368																																																																								820,381,000
loans, net of allowance for loan losses of 8,843 and 8,368																																																																									786,201,000
preferred stock, no par value authorized, 1,000,000 shares no shares issued common stock, .2222 stated value authorized, 22,500,000 shares issued, 4,990,206 and 4,852,751 shares																																																																									1,109,000
less treasury stock, at cost, 1,759,424 and1,741,239 shares																																																																									-17,152,000
loans, net of allowance for loan losses of 8,671 and 8,368																																																																										727,543,000
loans, net of allowance for loan losses of 8,368 and 7,193																																																																											724,366,000
issued, 4,911,741 and 4,778,608 shares																																																																											1,092,000	1,092,000
less treasury stock, at cost, 1,755,158 and 1,732,486 shares																																																																											-17,024,000	-17,024,000
loans, net of allowance for loan losses of 8,390 and 7,193																																																																												705,269,000
loans, net of allowance for loan losses of 8,202 and 7,193																																																																													684,612,000
other intangibles																																																																													2,969,000
less treasury stock, at cost, 1,741,239 and 1,732,486 shares																																																																													-16,638,000	-16,638,000
loans, net of allowance for loan losses of 7,402 and 7,193																																																																														541,806,000
issued, 4,852,751 and 4,778,608 shares																																																																														1,078,000
loans, net of allowance for loan losses of 7,193 and 6,909																																																																															556,849,000
issued, 4,778,608 and 4,684,095 shares																																																																															1,062,000
less treasury stock, at cost, 1,732,486 and 1,698,881 shares																																																																															-16,373,000
investment securities available for sale																																																																																215,695,000
loans, net of allowance for loan losses of 6,909 and 6,255																																																																																440,809,000
federal home loan bank advances																																																																																125,972,000
guaranteed preferred beneficial interests in horizon bancorp’s subordinated debentures																																																																																12,000,000
issued, 4,684,095 and 4,672,926 shares																																																																																1,041,000
treasury stock																																																																																-15,525,000

Cashflow Statements:

Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	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	2020-09-30	2020-06-30	2020-03-31	2019-12-31	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	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2012-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31

operating activities
net income	26,168,000	26,922,000	-221,991,000	20,644,000	23,943,000	-10,882,000	18,180,000	14,140,000	13,991,000	-25,215,000	16,205,000	18,763,000	18,228,000	21,165,000	23,821,000	24,859,000	23,563,000	21,425,000	23,071,000	22,173,000	20,422,000	21,893,000	20,312,000	14,639,000	11,655,000	18,543,000	20,537,000	16,642,000	10,816,000	13,065,000	14,115,000	12,804,000	7,650,000	8,171,000	9,072,000	8,224,000	5,603,000	6,602,000	6,326,000	5,381,000	6,175,000	4,288,000	4,728,000	5,358,000	4,948,000	4,958,000	4,778,000	3,417,000	5,170,000	3,417,000	3,093,000	2,765,000	2,870,000	3,279,000	2,515,000	1,791,000	2,084,000	2,357,000	2,064,000	2,635,000	2,122,000	1,332,000	2,990,000	2,528,000	2,010,000	2,270,000	2,016,000	1,844,000	2,233,000	1,968,000	1,834,000	1,449,000	2,080,000	2,028,000	1,680,000	1,303,000
items not requiring (providing) cash
provision for credit losses	391,000	1,630,000	-3,572,000	2,462,000	1,376,000																367,000		2,052,000	7,057,000	8,600,000
depreciation and amortization	2,873,000	659,000	4,751,000	2,419,000	2,475,000	2,647,000	2,514,000	2,521,000	2,649,000	3,018,000	2,652,000	2,667,000	2,601,000	2,727,000	2,822,000	2,564,000	2,641,000	3,084,000	2,691,000	2,737,000	2,657,000	3,050,000	2,630,000	2,299,000	2,610,000	2,624,000	2,684,000	2,831,000	1,549,000	1,745,000	1,486,000	1,814,000	1,633,000	1,483,000	1,419,000	1,401,000	1,485,000	1,327,000	1,280,000	1,183,000	1,132,000	1,137,000	927,000	956,000	973,000	1,001,000	961,000	844,000	887,000	641,000	623,000	604,000	605,000	603,000	566,000	546,000	547,000	566,000	587,000	580,000		579,000	581,000	583,000		585,000	527,000	599,000	630,000	579,000	615,000	647,000	648,000	654,000	526,000	453,000
share based compensation	556,000	457,000	318,000	387,000	459,000	1,693,000	852,000	1,134,000	907,000	939,000	944,000	945,000	758,000	692,000	627,000	627,000	529,000	13,000	13,000	15,000	27,000	27,000	28,000	27,000	50,000	50,000	50,000	58,000	57,000	44,000	81,000	82,000	87,000	80,000	82,000	76,000	77,000	77,000	102,000	68,000	72,000	78,000	79,000	59,000	58,000	58,000	60,000	27,000	8,000	7,000	10,000	10,000	10,000	8,000	7,000	5,000	10,000	10,000	10,000	9,000	11,000	9,000	10,000	9,000	11,000	12,000	15,000	15,000	11,000	14,000
amortization of mortgage servicing rights	579,000	540,000	530,000	518,000	507,000	536,000	493,000	466,000	476,000	200,000	285,000	300,000	247,000	327,000	624,000	644,000	750,000
net (accretion of discounts) or amortization of premiums on securities	-1,189,000
purchases of securities held for trading	-4,966,000	-5,360,000
proceeds from maturities, calls and principal repayments of securities, held for trading	4,900,000
loss on sale of investment securities		0	299,131,000	0	407,000					31,572,000	0	-20,000	500,000									-2,622,000	-1,088,000			-10,000	0																														-373,000					0
gain on sale of mortgage loans	-1,090,000	-1,296,000	-1,208,000	-1,219,000	-1,076,000	-1,071,000	-1,622,000	-896,000	-626,000	-951,000	-1,582,000	-1,005,000	-785,000	-1,196,000	-1,441,000	-2,501,000	-2,027,000	-4,167,000	-4,088,000	-5,612,000	-5,296,000	-7,815,000	-8,813,000	-6,620,000	-3,473,000	-3,119,000	-2,702,000	-2,078,000	-1,309,000	-1,839,000	-1,896,000	-1,423,000	-1,988,000	-1,950,000	-2,054,000	-1,914,000	-2,504,000	-3,528,000	-3,529,000	-2,114,000	-2,240,000	-2,794,000	-2,642,000	-2,379,000	-2,294,000	-2,153,000	-2,537,000	-1,411,000	-4,002,000	-2,145,000	-1,308,000	-533,000	-2,009,000	-2,473,000	-1,674,000	-1,382,000	-1,246,000
net loss on sale of portfolio loans
proceeds from sales of loans	39,090,000	50,180,000	52,818,000	35,389,000	26,073,000			30,897,000	21,432,000	38,486,000	44,895,000	38,097,000	24,444,000	408,146,000	-345,067,000	70,688,000	92,161,000	92,251,000	109,609,000	119,335,000	137,060,000	165,051,000	178,078,000	189,315,000	68,892,000	83,646,000	99,849,000	61,513,000	30,801,000	62,135,000	51,911,000	43,307,000	57,139,000	60,889,000	55,231,000	58,151,000	81,942,000	102,238,000	82,175,000	62,022,000	63,188,000	91,766,000	84,535,000	71,211,000	64,918,000	75,867,000	58,643,000	35,348,000	107,159,000	68,337,000	45,138,000	64,764,000	98,396,000	84,550,000	53,864,000	50,150,000	69,070,000	66,125,000	104,780,000	99,449,000		36,588,000	35,010,000	37,061,000		55,563,000	45,576,000	42,157,000	35,383,000	33,251,000	24,903,000	22,071,000	25,118,000	27,759,000	23,102,000	22,171,000
loans originated for sale	-40,944,000	-50,180,000	-52,818,000	-35,389,000	-26,407,000	-409,710,000	-37,582,000	-31,879,000	-20,517,000	-36,482,000	-39,636,000	-41,823,000	-20,489,000	-414,088,000	347,599,000	-67,349,000	-81,336,000	-95,852,000	-103,104,000	-113,153,000	-126,024,000	-157,721,000	-166,405,000	-192,363,000	-67,576,000	-83,555,000	-95,022,000	-60,641,000	-30,433,000	-59,276,000	-51,042,000	-35,770,000	-54,629,000	-56,409,000	-57,534,000	-49,939,000	-80,156,000	-98,267,000	-83,290,000	-55,162,000	-63,282,000	-86,878,000	-83,341,000	-68,918,000	-64,600,000	-70,595,000	-58,057,000	-35,991,000	-103,157,000	-66,192,000	-43,830,000	-64,231,000	-97,337,000	-82,921,000	-52,451,000	-48,996,000	-68,024,000	-61,344,000	-106,134,000	-100,369,000		-30,733,000	-36,737,000	-35,682,000		-56,603,000	-45,038,000	-44,675,000	-41,723,000	-34,207,000	-26,962,000	-21,698,000	-21,675,000	-28,436,000	-24,272,000	-20,615,000
gain on cash value life insurance	-333,000	-927,000	-379,000	-346,000	-335,000	-335,000	-349,000	-318,000	-298,000	-658,000	-1,055,000	-1,015,000	-981,000	-751,000
gain on other real estate owned	-51,000	8,000	-8,000	-56,000	-13,000
net change in:
interest receivable	718,000	-975,000	10,972,000	-1,067,000	1,084,000	-381,000	3,874,000	-3,232,000	-1,298,000	-860,000	-314,000	-1,108,000	-1,134,000	-5,198,000	-1,100,000	-1,520,000	-1,339,000	-1,375,000	-2,541,000	-751,000	445,000	-940,000	-271,000	-2,411,000	1,054,000	-546,000	733,000	-1,592,000	-696,000	-1,006,000	-949,000	4,200,000	-780,000	-1,227,000	-735,000	151,000	143,000	-332,000	-414,000	59,000	327,000	-760,000	-392,000	-185,000	165,000	-131,000	-397,000	-35,000	532,000	127,000	-145,000	-114,000			162,000	-220,000	236,000	-171,000	-13,000	-330,000		370,000	-184,000	193,000		-220,000	-375,000	335,000	-439,000	-290,000	-47,000	495,000	-135,000	-295,000	0	-166,000
interest payable	-4,355,000	497,000	-1,612,000	2,566,000	304,000	-263,000	160,000	3,387,000	-14,396,000	5,968,000	3,542,000	6,817,000	542,000	3,419,000	-441,000	982,000	-815,000	808,000	-1,019,000	658,000	-940,000	231,000	128,000	-419,000	-290,000	337,000	-280,000	534,000	-386,000	247,000	225,000	330,000	-28,000	99,000	36,000	45,000	-550,000	-124,000	326,000	73,000	17,000	8,000	-43,000	7,000	0	0	-42,000	-8,000	-19,000	-123,000	-81,000	5,000	15,000	-249,000	-23,000	-97,000	-169,000	-353,000	-192,000	-61,000		-17,000	-857,000	384,000		624,000	66,000	-52,000	-133,000	462,000	127,000	-348,000	-66,000	182,000	203,000	178,000
other assets	1,232,000	94,869,000	-77,794,000	-4,942,000	9,741,000	-22,375,000	21,532,000	-4,307,000	-4,548,000	14,247,000	-749,000	-4,199,000	3,900,000	-1,099,000	-879,000	-16,716,000	4,730,000	-236,000	-369,000	2,346,000	9,223,000	-6,939,000	-8,859,000	-3,910,000	5,721,000	2,172,000	-585,000	-1,746,000	97,788,000	-638,000	-10,815,000	6,595,000	3,958,000	-1,499,000	-2,070,000	5,784,000	17,130,000	-11,017,000	-3,894,000	-1,730,000	8,630,000	-4,160,000	-1,404,000	5,503,000	-7,196,000	1,549,000	27,000	675,000	813,000	-3,567,000	1,240,000	737,000	-4,714,000	4,355,000	6,308,000	-5,653,000	-6,665,000	-102,000	1,033,000	30,000	1,519,000	-2,322,000	2,385,000	-1,534,000	211,000	-56,000	-454,000	895,000	1,638,000	-100,000	-733,000	-309,000	490,000	667,000
other liabilities	-2,817,000	-3,653,000	-83,000	-3,672,000	-18,178,000	22,915,000	-18,145,000	-526,000	5,849,000	-15,497,000	2,028,000	-2,792,000	-5,410,000	-2,537,000	-1,699,000	9,391,000	-9,969,000	495,000	1,138,000	575,000	-5,156,000	-2,770,000	1,212,000	1,145,000	-484,000	-12,021,000	3,633,000	5,534,000	2,246,000	2,338,000	10,767,000	-3,556,000	-3,441,000	-541,000	2,733,000	-4,527,000	-9,396,000	699,000	1,848,000	-1,532,000	-1,492,000	2,531,000	-224,000	-1,287,000	385,000	1,517,000	-52,000	-1,138,000	-960,000	2,228,000	347,000	-1,159,000	281,000	2,456,000	-2,353,000	1,673,000	69,000	-890,000	1,407,000	-270,000	-570,000	557,000	-289,000	204,000	-1,240,000	41,000	1,112,000	83,000	-390,000	52,000	132,000	-673,000	-135,000	-415,000	77,000	-796,000
net cash from operating activities	20,762,000	33,573,000	10,913,000	19,501,000	15,244,000	-48,373,000	32,278,000	15,919,000	6,544,000	14,980,000	29,842,000	18,803,000	25,311,000	16,716,000	26,283,000	24,326,000	27,055,000	16,529,000	28,041,000	27,407,000	33,371,000	15,934,000	22,003,000	12,651,000	28,177,000	9,827,000	30,426,000	23,133,000	111,566,000	19,259,000	15,394,000	29,986,000	11,787,000	10,838,000	7,412,000	19,027,000	14,149,000	-604,000	2,588,000	9,415,000	13,271,000	6,091,000	4,684,000	11,184,000	-1,394,000	13,172,000	4,066,000	1,821,000	8,888,000	4,721,000	5,772,000	4,372,000	2,350,000	11,394,000	10,292,000	840,000	-858,000	7,572,000	4,701,000	3,297,000	-11,955,000	9,100,000	1,662,000	5,532,000	-3,278,000	1,999,000	2,892,000	167,000	-4,789,000	1,070,000	885,000	1,825,000	6,943,000	1,282,000	529,000	2,462,000
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	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	20,762,000	33,573,000	10,913,000	19,501,000	15,244,000	-48,373,000	32,278,000	15,919,000	6,544,000	14,980,000	29,842,000	18,803,000	25,311,000	16,716,000	26,283,000	24,326,000	27,055,000	16,529,000	28,041,000	27,407,000	33,371,000	15,934,000	22,003,000	12,651,000	28,177,000	9,827,000	30,426,000	23,133,000	111,566,000	19,259,000	15,394,000	29,986,000	11,787,000	10,838,000	7,412,000	19,027,000	14,149,000	-604,000	2,588,000	9,415,000	13,271,000	6,091,000	4,684,000	11,184,000	-1,394,000	13,172,000	4,066,000	1,821,000	8,888,000	4,721,000	5,772,000	4,372,000	2,350,000	11,394,000	10,292,000	840,000	-858,000	7,572,000	4,701,000	3,297,000	-11,955,000	9,100,000	1,662,000	5,532,000	-3,278,000	1,999,000	2,892,000	167,000	-4,789,000	1,070,000	885,000	1,825,000	6,943,000	1,282,000	529,000	2,462,000
investing activities
purchases of securities available for sale	-33,369,000	-8,352,000								-90,000	-50,000	-568,000	-817,000	266,000	-615,000	411,000	-180,260,000	-17,199,000	-120,126,000	-469,651,000	-230,708,000	-194,172,000	-188,973,000	-77,755,000	-129,405,000	-124,453,000	-124,797,000	-113,055,000	-63,574,000	-45,298,000	-48,520,000	-36,389,000	-21,624,000	-30,270,000	-47,281,000	-50,201,000	-73,272,000	-102,140,000	-16,427,000	-33,716,000	-73,804,000	-122,433,000	-17,552,000	-30,406,000	-16,211,000	-24,680,000	-25,194,000	-27,290,000	-17,232,000	-61,700,000	-32,560,000	-76,429,000	-38,091,000	-73,519,000	-55,069,000	-37,161,000	-48,689,000	-36,015,000	-15,090,000	-37,929,000		-5,592,000	-25,611,000	-7,548,000		-7,201,000	-3,076,000	-6,894,000	-13,995,000	-25,157,000	-26,613,000	-26,026,000	-3,306,000	-2,611,000	-2,059,000	-30,441,000
proceeds from sales of securities available for sale		0	1,405,738,000	0	4,132,000					351,091,000	0	24,667,000	63,527,000
proceeds from maturities, calls and principal repayments of securities available for sale	17,857,000	22,863,000	31,144,000	543,000	597,000	1,991,000	6,017,000	4,335,000	4,369,000	6,625,000	7,613,000	6,784,000	8,386,000
proceeds from maturities of securities held to maturity		0	23,136,000	22,964,000	17,683,000									7,248,000	30,973,000	21,611,000	13,136,000	7,176,000	8,751,000	7,994,000	6,623,000	11,170,000	10,221,000	9,430,000	6,708,000	1,394,000	2,439,000	1,624,000	2,927,000	592,000	4,796,000	721,000	8,493,000	30,000	3,838,000	1,015,000	16,189,000	1,720,000	2,615,000	10,319,000	0	5,620,000	800,000	735,000	5,951,000	0			2,923,000	0	0	1,400,000	-2,333,000	468,000	12,629,000	403,000
net change in interest-earning time deposits		0	0	0	735,000																	248,000	34,000	-8,000	-784,000	0	-365,000	7,897,000	-243,000
redemption of fhlb stock		0	0	0	8,414,000									0
proceeds from sale of portfolio loans		0	173,902,000	0	54,990,000
net change in loans	-2,166,000	-62,067,000	-8,910,000	-75,757,000	-47,159,000	-43,673,000	-6,383,000	-119,634,000	-47,365,000	-35,137,000	-57,324,000	-20,184,000	-27,865,000	-78,033,000	-75,926,000	-226,733,000	-67,592,000	56,539,000	65,863,000	144,720,000	202,290,000	160,001,000	-53,662,000	-271,820,000	-68,685,000	28,485,000	-3,499,000	-47,378,000	-37,028,000	-35,348,000	-69,204,000	-33,312,000	-97,783,000	-25,767,000	-119,587,000	-8,684,000	59,019,000	61,330,000	-117,604,000	29,354,000	-33,014,000	18,805,000	-60,616,000	-81,515,000	-36,161,000	-24,253,000	-98,165,000	-32,259,000	-35,984,000	-95,728,000	-33,201,000	84,163,000	72,837,000	-45,189,000	-64,284,000	69,213,000	-12,528,000	14,899,000	31,050,000	-55,064,000		-21,067,000	8,428,000	1,817,000		-3,957,000	-41,587,000	34,998,000	-15,059,000	-34,464,000	-59,027,000	-3,653,000	-19,732,000	-21,141,000	-56,842,000	14,597,000
proceeds on the sale of oreo and repossessed assets	555,000	272,000	113,000	289,000	221,000	933,000	319,000	379,000	369,000	701,000	1,092,000	451,000	737,000	1,708,000	538,000	1,411,000	1,606,000	167,000	246,000	366,000	507,000	621,000	982,000	289,000	155,000	1,809,000	1,675,000	773,000	487,000	2,504,000	402,000	392,000	2,113,000	1,068,000	547,000	510,000	1,048,000	271,000	590,000	663,000	589,000	632,000	379,000	1,414,000	348,000	283,000	1,311,000	784,000	2,011,000	939,000	-400,000	1,469,000
premises and equipment expenditures	-56,000	-943,000	-1,509,000	-1,375,000	-1,129,000	-1,798,000	-1,279,000	-829,000	-1,178,000	-1,335,000	-1,163,000	-4,710,000	-567,000	-1,728,000	-1,477,000	-2,146,000	-1,078,000
proceeds from bank owned life insurance		1,957,000	372,000	0	376,000	0	21,126,000	0	22,917,000	69,751,000				644,000	0
net cash from investing activities	-17,179,000	-46,270,000	1,040,230,000	-53,336,000	38,860,000	269,654,000	35,049,000	-182,254,000	-175,225,000	385,266,000	-71,357,000	35,099,000	-19,490,000	-117,605,000	-92,458,000	-253,910,000	-555,959,000	-216,689,000	62,622,000	-264,454,000	55,445,000	57,506,000	-121,302,000	-286,477,000	-142,049,000	-45,262,000	-93,935,000	-32,014,000	76,486,000	-80,092,000	-93,518,000	-47,950,000	-90,101,000	-13,140,000	-139,241,000	-37,392,000	193,887,000	81,623,000	-73,489,000	24,369,000	-53,632,000	79,165,000	-63,041,000	-86,680,000						-75,490,000	-40,219,000	32,534,000	73,954,000	-30,442,000	-61,662,000	45,965,000	-11,075,000	15,183,000			-45,407,000	1,095,000	-10,524,000	34,836,000	20,020,000	-3,455,000	-39,589,000	35,420,000	-19,168,000	-24,980,000	-56,069,000	34,544,000	-31,262,000	-3,054,000	-35,240,000	-4,181,000
financing activities
net change in deposits	146,890,000	-245,484,000	-178,856,000	-66,026,000	165,131,000	-126,363,000	96,860,000	50,285,000	-85,023,000	-35,204,000	-9,235,000	7,387,000	-155,829,000	26,936,000	-14,747,000	-5,912,000	48,506,000																																																				42,800,000	1,570,000
proceeds from borrowings	150,124,000	353,000	-230,057,000	170,000,000	200,000,000	0	0	109,733,000	403,026,000	278,246,000	3,759,000	61,546,000	522,548,000		134,689,000	304,990,000	228,597,000
repayment of borrowings	-150,293,000	-257,000	-500,130,000	-101,882,000	-530,123,000	-403,000	-62,505,000	-100,380,000	-400,235,000	-275,243,000	-124,000	-24,156,000	-354,634,000		-50,000,000	-75,000,000	-225,000,000
net change in repurchase agreements	-22,464,000	1,500,000	-8,122,000	7,238,000	-2,060,000	-32,487,000	-5,771,000	-11,140,000	3,280,000	-6,463,000	836,000	2,722,000	1,064,000	-10,004,000	4,180,000	467,000	12,429,000
net settlement of share awards		52,000	-292,000	-151,000	-3,698,000	-531,000	-72,000	-60,000	-708,000	-17,000	-481,000	-27,000	-696,000	-39,000	-89,000	-25,000	-1,671,000
dividends paid on common stock	-8,228,000	-8,195,000	-7,081,000	-7,092,000	-7,120,000	-7,046,000	-7,106,000	-7,090,000	-7,086,000	-7,055,000	-7,089,000	-7,110,000	-7,057,000	-7,057,000	-7,061,000	-7,042,000	-6,605,000	-6,626,000	-6,637,000	-5,744,000	-5,761,000	-5,309,000	-5,326,000	-5,291,000	-5,257,000	-5,422,000	-5,439,000	-5,450,000	-4,524,000	-3,847,000	-3,872,000	-3,848,000
net cash from financing activities	116,029,000	-306,099,000	-730,805,000	2,087,000	-177,870,000	-162,684,000	21,406,000	41,348,000	-86,746,000	-48,868,000	-12,334,000	40,362,000	5,396,000	114,735,000	66,986,000	217,478,000	56,350,000	-178,149,000	576,983,000	11,882,000	190,809,000	77,145,000	28,290,000	357,503,000	101,499,000	42,987,000	60,102,000	17,436,000	-160,413,000	61,512,000	83,551,000	5,114,000	82,093,000	8,971,000	137,542,000	7,813,000	-220,925,000	-106,522,000	132,513,000	-34,822,000	40,856,000	-80,958,000	63,538,000	70,696,000	32,482,000	-40,609,000	108,418,000	42,845,000	-1,306,000	68,399,000	23,870,000	-21,180,000	-78,823,000	12,034,000	50,757,000	-89,678,000	65,004,000				99,098,000	-8,368,000	-53,535,000	-14,299,000	21,872,000	-3,650,000	40,733,000	-73,541,000	60,992,000	22,279,000	57,480,000	-54,507,000	43,780,000	-15,283,000	55,301,000	-281,000
net change in cash and cash equivalents	119,612,000	-318,796,000	320,338,000	-31,749,000	-123,765,000	58,597,000	88,733,000	-124,987,000	-255,427,000	351,378,000	-53,849,000	94,264,000	11,217,000	13,846,000	811,000	-12,106,000	-472,554,000	-378,309,000	667,646,000	-225,165,000	279,625,000	150,585,000	-71,009,000	83,677,000	-12,373,000	7,552,000	-3,407,000	8,555,000	27,639,000	679,000	5,427,000	-12,850,000	3,779,000	6,669,000	5,713,000	-10,552,000	-12,889,000	-25,503,000	61,612,000	-1,038,000	495,000	4,298,000	5,181,000	-4,800,000	6,158,000	-13,486,000	14,984,000	4,099,000																	38,614,000	-5,106,000			37,035,000	-1,631,000			19,461,000	-17,055,000
cash and cash equivalents, beginning of period	139,459,000	0	0	0	293,431,000	0	0	0	526,515,000	0	0	0	123,505,000	0	0	0	593,508,000	0	0	0	249,711,000	0	0	0	98,831,000	0	0	0	58,492,000	0	0	76,441,000	0	0	0	70,832,000	0	0	0	48,650,000	0	0	0	43,476,000	0	0	0	31,721,000	0	0	0	15,683,000	0	0	0	68,702,000	0	0	0	36,001,000		0	0	55,029,000		0	0	58,812,000		0	0	39,250,000		0	0	18,254,000
cash and cash equivalents, end of period	259,071,000	-318,796,000	320,338,000	-31,749,000	169,666,000	58,597,000	88,733,000	-124,987,000	271,088,000	351,378,000	-53,849,000	94,264,000	134,722,000	13,846,000	811,000	-12,106,000	120,954,000	-378,309,000	667,646,000	-225,165,000	529,336,000	150,585,000	-71,009,000	83,677,000	86,458,000	7,552,000	-3,407,000	8,555,000	86,131,000	679,000	5,427,000	63,591,000	3,779,000	6,669,000	5,713,000	60,280,000	-12,889,000	-25,503,000	61,612,000	47,612,000	495,000	4,298,000	5,181,000	38,676,000	6,158,000	-13,486,000	14,984,000	35,820,000	-10,827,000	-2,370,000	-10,577,000	31,409,000	-2,519,000	-7,014,000	-613,000	25,829,000	53,071,000	-5,732,000	-72,299,000	88,879,000		1,827,000	-62,397,000	81,098,000		-5,106,000	4,036,000	20,858,000		-1,631,000	2,296,000	21,112,000		-17,055,000	20,590,000	16,254,000
additional supplemental information
interest paid	28,766,000	25,316,000	36,062,000	33,555,000	36,605,000	40,386,000	43,818,000	38,315,000	56,372,000				26,019,000	14,986,000	10,076,000			3,334,000	5,327,000	4,130,000	5,991,000	9,381,000	6,621,000			11,542,000	12,528,000	11,787,000	10,653,000	8,252,000	6,966,000	5,685,000			3,571,000	3,215,000		4,498,000	3,400,000	3,681,000	3,552,000	3,773,000	3,320,000	3,199,000	3,221,000	3,482,000	3,324,000	3,203,000	3,476,000	4,143,000	4,331,000	4,358,000	4,585,000	5,506,000	5,461,000	5,676,000	6,452,000	7,119,000	7,778,000	7,319,000		7,779,000	8,792,000	9,445,000		10,290,000	10,458,000	10,364,000	10,588,000	9,484,000	8,687,000	8,201,000	7,795,000	7,011,000	5,631,000	4,844,000
income taxes paid				11,940,000	360,000	1,205,000	1,505,000							-134,000				425,000	500,000			763,000				11,900,000	19,000			2,695,000					5,300,000	1,050,000		2,560,000	3,500,000	1,250,000	-777,000	1,200,000			1,200,000	1,000,000			4,200,000	2,000,000			1,700,000	2,000,000			1,150,000	840,000	1,040,000	125,000		355,000	1,020,000	30,000				550,000
transfer of loans to other real estate and repossessed assets	1,994,000			878,000	1,034,000	845,000	930,000							526,000				757,000	363,000	152,000	449,000	647,000	856,000			670,000	817,000
transfer of held to maturity securities to available for sale				0	4,539,000
cash dividends declared, not paid	8,231,000			2,000	7,088,000
net amortization of premiums and discounts on securities		3,574,000	-4,868,000	1,806,000	1,885,000
proceeds from maturities, calls and principal repayments of securities held for trading
deferred income taxes
purchases of securities held to maturity						0	0			0	-536,000	-1,670,000	-7,935,000	-6,964,000	-10,400,000	-67,299,000	-345,794,000	-305,632,000												-14,167,000	-5,504,000	-8,703,000	-11,642,000	-204,000	-6,797,000	-13,151,000	-10,234,000	-17,638,000	-9,283,000	-8,677,000	-6,477,000																			-440,000
purchase of fhlb stock		0				0	0	0	-19,317,000	0	0	-2,245,000	-5,587,000	0
purchase of loans						0	0	-86,277,000	-153,743,000	-25,352,000	-37,105,000	0	-62,489,000
proceeds from issuance of subordinated notes		2,431,000
repayment of subordinated notes
proceeds from sale of serp shares
proceeds from issuance of common stock		0
transfer of lhi to hfs
redemption of cash value of life insurance, not settled
qualified affordable housing investments obtained in exchange for funding commitments
loss on sale of portfolio loans
gain on sale of portfolio loans				0	-7,000,000
provision for (recovery of) credit losses														-69,000	-601,000	240,000	-1,386,000		1,112,000
impairment (recovery) of mortgage servicing rights
net change in interest earning time deposits						0	980,000	0	490,000	2,000	245,000	646,000	-286,000	2,000	985,000	247,000	736,000		1,227,000	989,000	982,000
purchases of bank owned life insurance														0
net cash received in branch acquisition
exercise of stock options														37,000	14,000	0	94,000
repurchase of outstanding stock																		0				0	0	0	-19,636,000	0
transfer of loans held for investment to loans held for sale
transfer of premises to other real estate														0				0								0	141,000
transfer of available for sale securities to held to maturity securities
credit loss expense							1,044,000	2,369,000	805,000		263,000	680,000	242,000
net amortization of premiums and discounts
proceeds from sales of loans held for sale
gain on sale of other real estate owned							0	-10,000	-64,000		-113,000	-18,000	-103,000		0	-207,000	-411,000		-95,000				-126,000	15,000	-8,000		-104,000							-71,000	-178,000	261,000	143,000	0	218,000	-100,000	-75,000	-8,000	57,000	-263,000	-10,000	-3,000	45,000	-218,000				-30,000																					7,000	-26,000	0	-19,000
proceeds from maturities, calls and principal repayments of securities held to maturity							14,269,000	20,084,000	18,233,000		15,857,000	31,928,000	13,406,000
premium amortization on securities								2,173,000	2,182,000	2,327,000	2,477,000	2,514,000	2,751,000	2,757,000	3,180,000	3,143,000	3,068,000	3,010,000	2,706,000	2,349,000	2,224,000	2,418,000	2,383,000	2,269,000	1,997,000	1,810,000	1,530,000	1,304,000	1,285,000	1,451,000	1,509,000	1,476,000
gain on sale of investment securities																			0	0	-914,000				-339,000				-15,000	122,000	0	-11,000	0	-6,000	3,000	-35,000	-961,000	0	-767,000	-108,000	-65,000	0	0	-124,000	0				0	-1,115,000	-365,000	-274,000	-66,000
proceeds from sales, maturities, calls and principal repayments of securities available for sale														15,091,000	13,464,000	17,469,000	23,089,000	36,906,000	125,192,000	48,747,000	76,869,000	81,252,000	110,819,000	55,431,000	71,395,000	48,355,000	34,429,000	122,923,000	42,715,000	23,465,000	25,308,000	30,415,000
proceeds from long–term borrowings
repayment of long–term borrowings
net change in short–term borrowings
proceeds from issuance of stock																						-11,000	730,000	119,000	552,000	153,000	56,000	1,504,000	-8,000	49,000	344,000	100,000	988,000	582,000	0	34,000	286,000				127,000	3,789,000			37,000				-115,000	60,000	-1,000	56,000	34,000	10,000	10,000	100,000	28,000					0				27,000	99,000	66,000		106,000	-436,000	1,072,000			0	1,097,000
net proceeds from issuance of subordinated notes																						0	0
mortgage servicing rights net impairment															-348,000	0	-2,594,000		-299,000	-1,607,000	-236,000		1,472,000										5,000	52,000	17,000	6,000		0
death benefit on bank owned life insurance															0			0	517,000			0	31,000	0	233,000	0	213,000			308,000
change in cash value life insurance																-519,000	-510,000	-547,000	-534,000	-502,000	-511,000	-566,000	-566,000	-557,000	-554,000	-566,000	-556,000	-555,000	-513,000	-503,000	-442,000	-435,000
change in fhlb stock																-2,435,000	198,000						585,000				0									-158,000	-3,005,000
mortgage servicing rights income																		136,000	-250,000	317,000	23,000	-107,000	-164,000
mortgage servicing rights, net impairment																									322,000	133,000	70,000	3,000	-14,000	2,000	18,000	6,000
loss on other real estate owned
net change in interest–earning time deposits
change in federal reserve and fhlb stock																													-803,000				-65,000	0
change in premises and equipment																		-978,000	-1,459,000	2,115,000	-1,118,000	-1,614,000	-1,339,000	-883,000	-2,030,000	-852,000	-2,222,000	-4,798,000	3,260,000	-1,422,000	-796,000	-1,074,000	-22,000	-1,615,000	-27,000	-1,025,000	336,000	-1,036,000	-446,000	-237,000
net cash received in acquisition of branch
net cash received in acquisition, salin																										0	0	0	128,745,000
deposits																		-176,908,000	351,864,000	59,810,000	190,683,000	194,844,000	28,690,000	425,328,000	-48,731,000	15,045,000	-14,812,000	42,869,000	7,180,000	112,391,000	82,487,000	52,673,000	15,500,000	38,394,000	-24,916,000	-42,338,000	84,085,000	-116,117,000	80,296,000	-1,674,000	-32,922,000	-22,735,000	119,628,000	-17,224,000	32,656,000	-49,440,000	22,513,000	64,051,000	-12,819,000	-30,527,000	18,867,000	15,911,000	-13,985,000	-23,511,000	51,455,000	-78,186,000	93,711,000	9,847,000	-129,339,000	136,320,000		-42,834,000	-90,474,000	-10,934,000		-25,100,000	-8,800,000	-84,229,000		-24,929,000	62,205,000	-77,656,000	70,482,000			22,593,000
borrowings																		5,100,000	231,756,000	-42,300,000	6,581,000	-112,379,000	4,196,000	-121,477,000	154,935,000	33,211,000	80,297,000	-21,487,000	-163,061,000	-47,081,000	4,592,000	-43,811,000	69,081,000	-27,107,000	165,357,000	52,564,000	-302,840,000	11,536,000	54,111,000	-18,801,000	75,485,000	-60,179,000	-55,140,000	89,255,000	1,124,000	9,951,000	87,207,000	-20,214,000	12,663,000	105,977,000	5,806,000	-36,360,000	-57,753,000	36,402,000	153,000	-10,781,000	-27,868,000	-37,615,000	28,543,000	-3,427,000		35,019,000	37,449,000	-2,878,000
right-of-use assets exchanged for lease obligations																										0	0	0	3,411,000
sale of securities available for sale not yet settled
net change from issuance of stock																			0	116,000	-694,000
provision for loan losses																														1,176,000	635,000	567,000	1,100,000	710,000	330,000	330,000	623,000	455,000	232,000	532,000	342,000	300,000	1,906,000	614,000	978,000	1,741,000				1,564,000	1,332,000	1,548,000	2,664,000	2,657,000	3,000,000	3,233,000	3,700,000	3,416,000	3,290,000	3,197,000		3,137,000	1,490,000	778,000		550,000	365,000	225,000	180,000	120,000	225,000	380,000	450,000	360,000	381,000	330,000
net cash received in acquisition, lafayette
gain on remeasurement of equity interest in lafayette
net cash received in acquisition, wolverine
benefit from loan losses																													364,000																				1,715,000
(gain)/loss on sale of other real estate owned																													26,000
transfer of loans to other real estate																													759,000	1,665,000	467,000	266,000
loss on sale of other real estate owned																														-112,000																				40,000			-41,000	-169,000	-135,000	-48,000	-4,000	-79,000	65,000	27,000									0	0
acquisition of laporte, measurement period adjustments																																			0	703,000
change in cash value of life insurance																																	-451,000	-474,000	-408,000	-464,000	-473,000	-450,000	-350,000	-345,000	-356,000	-353,000	-257,000	-258,000	-262,000	-260,000	-252,000	-233,000	-263,000
net change in
proceeds from sales, maturities, calls, and principal repayments of securities available for sale																																	18,171,000	23,193,000	20,921,000	23,302,000	181,257,000	22,807,000	38,860,000	26,663,000	59,939,000	21,426,000	15,099,000	25,260,000	17,728,000	63,977,000	15,501,000	20,327,000	32,337,000	85,534,000	23,691,000	25,358,000	47,235,000	88,573,000	50,270,000	18,569,000	46,309,000	29,878,000	20,133,000	16,057,000		28,407,000	6,353,000	6,727,000		5,113,000	8,776,000	16,112,000		31,867,000
net cash received in acquisition, peoples
net cash received in acquisition, kosciusko
net cash received in acquisition, laporte
net cash received in acquisition, cnb
redemption of preferred stock																																					0	0	0	-12,500,000
dividends paid on common shares																																	-3,476,000	-2,898,000	-2,899,000	-2,447,000	-2,456,000	-2,227,000	-1,894,000	-1,805,000	-1,803,000	-1,802,000	-1,307,000	-1,304,000	-1,304,000	-1,209,000	-1,270,000	-961,000	-879,000	-600,000	-568,000	-560,000	-561,000	-562,000	-557,000	-560,000	-788,000	-328,000	-560,000	-553,000
dividends paid on preferred shares																																					0	0	0	-42,000	-31,000	-31,000	-32,000	-31,000	-31,000	-39,000	-32,000	-31,000	-156,000	-261,000	-234,000	-235,000	-308,000	-312,000	-312,000	-313,000	-81,000	-543,000	-313,000	-195,000
premium amortization on securities available for sale																																		1,531,000	1,468,000	1,477,000	1,773,000	1,716,000	1,486,000	1,187,000	1,228,000	903,000	813,000	476,000	566,000	601,000	583,000	549,000	957,000	586,000	504,000	522,000	620,000	562,000	439,000	325,000	238,000	242,000	158,000	91,000		92,000	108,000	39,000
acquisition of kosciusko, net of cash received																																					0	0
acquisition of laporte, net of cash received																																					0
acquisition of branch, net of cash received																																		0	0	11,000,000
acquisition of lafayette, net of cash received
transfer of loans to other real estate owned																																			702,000	714,000		1,064,000	592,000	1,379,000	2,742,000	4,209,000	-612,000	-772,000	827,000	1,079,000	1,389,000	610,000	2,413,000	556,000	2,622,000	1,095,000	1,089,000	3,800,000	2,198,000	1,939,000	-1,097,000
the company purchased all of the capital stock of kosciusko for 22,983 on june 1, 2016. in conjunction with the acquisition, liabilities were assumed as follows:
fair value of assets acquired																																						460,000			0				0	0
less: common stock issued																																						402,000			0
cash paid for the capital stock																																						0			0				0	0
liabilities assumed																																						58,000			0				0	0
mortgage servicing rights net (recovery) impairment																																								1,000	-330,000	33,000	-58,000	414,000
acquisition of scb, net of cash received
acquisition of peoples, net of cash received
acquisition of cnb, net of cash received
purchase of mortgage company																																													0	1,000	-1,000	-735,000
the company purchased all of the capital stock of kosciusko for 22,983 on june 1, 2016 and peoples for 78,147 on july 1, 2015. in conjunction with the acquisition, liabilities were assumed as follows:
the company purchased all of the capital stock of laporte bancorp for 98,634 on july 18, 2016. in conjunction with the acquisition, liabilities were assumed as follows:
proceeds from the sale of fhlb stock																																									0	0
the company purchased all of the capital stock of kosciusko for 22,581 on june 1, 2016. in conjunction with the acquisition, liabilities were assumed as follows:
purchase of federal reserve bank stock																																														-586,000
transfer of available-for-sale securities to held-to-maturity
the company purchased all of the capital stock of peoples for 78,147 on july 1, 2015 and of summit for 18,896 on april 3, 2014. in conjunction with the acquisition, liabilities were assumed as follows:
cash paid to retire debt
purchases of premises and equipment																																										-1,170,000	-1,419,000	-2,168,000	-2,169,000	-760,000	-1,932,000	-1,394,000	-2,464,000	-1,535,000	977,000	-990,000	-394,000	-287,000	-1,185,000	-548,000	-1,018,000	-221,000	-1,114,000	-1,713,000		-1,285,000	-964,000	-892,000		-810,000	-801,000	-586,000	-978,000	-803,000	-1,238,000	-858,000	-556,000	-295,000	-242,000	-328,000
acquisition of scb																																													20,000	-31,000
acquisition of peoples
transfer of available-for -sale securities to held-to-maturity
the company purchased all of the capital stock of summit for 18,896. in conjunction with the acquisition, liabilities were assumed as follows:
cash paid to retire summit debt																																													0	0
issuance of restricted stock
mortgage servicing rights (recovery) impairment																																																																						-62,000
acquisition of heartland																																																	0
net cash from by investing activities																																													-24,930,000	13,951,000	-97,500,000	-40,567,000
mortgage servicing rights recovery																																														10,000	-33,000	-5,000																											-94,000	-47,000
purchase of securities held to maturity																																														0				0	0	-2,437,000	-9,400,000	0	-9,667,000	-5,665,000	-10,695,000	-2,786,000				0
additional cash flows information
mortgage servicing rights impairment																																																	-201,000	264,000	-691,000	-37,000	255,000	350,000	114,000	-55,000	11,000	-34,000	29,000	129,000		-2,000	3,000	4,000								16,000
issuance of preferred stock
(gain) loss on sale of other real estate owned																																																	134,000
proceeds from the sale of federal home loan bank stock
purchases and assumption of atsb																																																						0
net cash (provided by) used in by investing activities
net change in cash and cash equivalent																																																	-10,827,000	-2,370,000	-10,577,000	15,726,000	-2,519,000	-7,014,000	-613,000	-42,873,000	53,071,000	-5,732,000	-72,299,000	52,878,000		827,000	-62,397,000	26,069,000				-37,954,000				-18,138,000				-2,000,000
(purchase) proceeds from the sale of federal home loan bank stock
tax benefit from issuance of stock																																																		0	0	8,000	0	7,000	8,000	62,000	2,000
deferred income tax																																																					810,000	-928,000	281,000	-276,000	-137,000	-298,000	-527,000	249,000		41,000	-2,399,000	1,803,000		110,000	-96,000	-373,000	-1,045,000	-69,000	595,000	441,000	-119,000	-599,000	921,000	-29,000
change in cash surrender value of life insurance
increase in cash surrender value of life insurance																																																			-211,000	-205,000	-204,000	-213,000	-197,000	-156,000	-205,000	-174,000	-185,000	-156,000			206,000	-228,000		-232,000	-231,000	-232,000	-122,000	-122,000	-118,000	-108,000	-126,000	-125,000	-122,000	-114,000
purchases and assumption of american trust & savings bank
proceeds from sale of loans transferred to held for sale																																																														0	0	37,695,000
gain on sale of loans transferred to held for sale																																																														0	0	-193,000
proceeds (redemption) of preferred stock
net change in interest receivable
purchase of frb stock
proceeds on sale of oreo and repossessed assets																																																						-410,000	2,517,000	875,000	-591,000	3,474,000
recoveries on loans previously charged-off																																																								279,000						355,000	233,000	211,000			180,000	169,000	137,000	177,000	176,000	118,000			99,000	119,000
net change in interest-bearing deposits																																																									-319,000	5,954,000	-3,974,000	-3,765,000		192,000	1,852,000	-2,981,000		4,287,000	-3,130,000	-379,000				14,747,000	-14,750,000	975,000	2,752,000	975,000
purchases of frb and fhlb stock, net of redemption
redemption of trust preferred securities																																																																	0	0	0	-12,372,000
proceeds from issuance of preferred stock
purchases of frb stock																																																										0
gain on sale of loans																																																											-1,671,000	-1,913,000		-657,000	-661,000	-611,000		-658,000	-600,000	-550,000	-594,000	-459,000	-325,000	-303,000	-415,000	-474,000	-478,000	-389,000
net cash provided (used) by financing activities																																																											-101,669,000	132,145,000
loss on sale of premises and equipment																																																																1,000
proceeds from sale of other real estate owned																																																												290,000									19,000	0			-75,000	228,000	0	256,000
net cash provided (used) by investing activities																																																												-82,564,000
equity in undistributed net income of bank
change in
income taxes receivable
dividends receivable from bank
reversal of compensation expense
amortization of unearned compensation
investment in bank
investment in statutory trusts
redemption of statutory trust
dividends paid																																																													-554,000	-553,000	-553,000	-487,000	-488,000	-488,000	-487,000	-454,000	-454,000	-453,000	-456,000	-448,000	-439,000	-413,000	-408,000	-400,000
change in short-term borrowings
tax benefit of stock options
proceeds from issuance of trust preferred securities
purchase of treasury stock																																																																					0	0	0	-128,000	0	-386,000	0	-265,000
cash and cash equivalents at beginning of year
cash and cash equivalents at end of year
decrease in cash surrender value of life insurance
tax benefit of options exercised																																																														0				-1,000	-24,000	-22,000	-929,000	22,000	872,000	-434,000
redemption of federal reserve bank stock
purchase of bank owned life insurance																																																																		0	0	-8,000,000
non-cash supplemental information
transfers from loans to other real estate owned
cumulative effect of change in accounting principle																																																																		0	0	563,000
distributions in excess (equity in undistributed) net income of bank
acquisition, net of cash acquired
investment securities amortization																																																																		32,000	32,000	-93,000		63,000	66,000	64,000		6,000	-8,000	207,000
loss on sale of securities																																																																						515,000
gain on sale of mortgage servicing rights																																																																					0
loss on sale of fixed assets																																																																		0	0	11,000						-4,000
purchase federal reserve bank stock																																																																						0
proceeds from sale of mortgage servicing rights																																																																					0
proceeds from sale of federal home loan bank stock																																																																					371,000
proceeds from sale of fixed assets																																																																					0	0	0	1,000	607,000	89,000	25,000	2,000
short-term borrowings																																																																		-8,028,000	24,410,000	-21,563,000	-36,737,000	47,591,000	-3,766,000	26,730,000	-22,084,000	-604,000	11,844,000	-23,298,000
increase of long-term borrowings																																																																				44,989,000
income tax paid																																																																		675,000			540,000	740,000			820,000	750,000
(purchase) redemption federal reserve bank stock
increase (decrease) of long-term borrowings
loss on sale of securities available for sale																																																																								158,000
loss on sales of securities available for sale
fhlb stock dividends
purchase of frb and fhlb stock
purchase of trust preferred securities
years ended december 31
proceeds from long-term borrowings																																																																									35,000,000	25,000,000
repayment of long-term borrowings																																																																					-13,018,000	-58,000	-71,000	-4,511,000	-39,017,000	-20,054,000	-56,017,000	-8,000
issuance of stock																																																																									-162,000
cash and cash equivalents, beginning of year
cash and cash equivalents, end of year
federal home loan bank stock dividend																																																																										0
acquisition, net of cash																																																																										0
deferred loan fees																																																																								9,000				5,000
unearned income																																																																								-31,000				-8,000
gain on sale of fixed assets																																																																								-1,000				-2,000
proceeds from sales,maturities, calls, and principal repayments of securities available for sale																																																																								50,215,000
federal home loan bank stock dividends
purchase of federal reserve and federal home loan bank stock
fractional share payment due to stock split
proceeds from maturities, calls, and principal repayments of securities available for sale																																																																												10,639,000
charge-offs on loans
long-term borrowings
goodwill impairment
other adjustments
federal home loan bank advances
repayment of federal home loan bank advances

Horizon Bancorp, Inc(NASDAQ:HBNC)

Horizon Bancorp, Inc
(NASDAQ:HBNC)