Lakeland Financial Corporation(NASDAQ:LKFN)
Lakeland Financial Corporation operates as the bank holding company for Lake City Bank that provides various banking products and services. The company accepts various deposit products, such as noninterest bearing, interest-bearing checking, savings, money market, NOW, and demand deposits. Its loan ...
Website: http://www.lakecitybank.com
Founded: 1872
Full Time Employees: 571
Sector: Financial Services
Industry: Banks-Regional
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At a glance:
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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 | 2020-06-30 | 2020-03-31 | 2019-09-30 | 2019-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
net interest income | 56,773,000 | 57,193,000 | 56,073,000 | 54,876,000 | 52,875,000 | 51,694,000 | 49,273,000 | 48,296,000 | 47,416,000 | 48,599,000 | 48,393,000 | 48,524,000 | 51,519,000 | 56,837,000 | 52,492,000 | 48,678,000 | 44,880,000 | 45,007,000 | 45,741,000 | 43,661,000 | 43,679,000 | 39,528,000 | 38,854,000 | 39,545,000 | 38,411,000 |
interest and fees on loans | |||||||||||||||||||||||||
taxable | 83,111,000 | 84,208,000 | 85,490,000 | 84,418,000 | 81,740,000 | 83,253,000 | 86,118,000 | 84,226,000 | 82,042,000 | 80,631,000 | 78,910,000 | 75,047,000 | 69,542,000 | 65,424,000 | 52,707,000 | 44,138,000 | 39,735,000 | 41,253,000 | 43,025,000 | 42,342,000 | 43,461,000 | 42,649,000 | 46,054,000 | 50,139,000 | 50,089,000 |
tax exempt | 279,000 | 316,000 | 287,000 | 291,000 | 292,000 | 296,000 | 298,000 | 632,000 | 900,000 | 1,016,000 | 1,008,000 | 960,000 | 901,000 | 753,000 | 462,000 | 280,000 | 169,000 | 146,000 | 119,000 | 101,000 | 104,000 | 216,000 | 222,000 | 234,000 | 235,000 |
interest and dividends on securities | |||||||||||||||||||||||||
other interest income | 849,000 | 1,856,000 | 1,706,000 | 2,302,000 | 1,124,000 | 2,910,000 | 1,773,000 | 1,842,000 | 1,106,000 | 2,099,000 | 1,605,000 | 1,035,000 | 964,000 | 713,000 | 772,000 | 483,000 | 246,000 | 87,000 | 125,000 | 135,000 | 88,000 | 64,000 | 184,000 | 368,000 | 351,000 |
total interest income | 91,987,000 | 94,008,000 | 94,887,000 | 94,385,000 | 90,455,000 | 93,370,000 | 95,018,000 | 93,736,000 | 91,034,000 | 90,942,000 | 88,623,000 | 84,482,000 | 79,220,000 | 75,353,000 | 62,558,000 | 53,622,000 | 48,034,000 | 48,322,000 | 49,295,000 | 47,625,000 | 47,977,000 | 46,831,000 | 50,439,000 | 54,769,000 | 54,635,000 |
interest on deposits | 33,431,000 | 36,717,000 | 38,446,000 | 39,111,000 | 36,458,000 | 41,676,000 | 45,556,000 | 44,363,000 | 41,164,000 | 42,154,000 | 37,108,000 | 33,611,000 | 24,918,000 | 18,244,000 | 10,066,000 | 4,890,000 | 3,081,000 | 3,240,000 | 3,479,000 | 3,890,000 | 4,218,000 | 7,184,000 | 11,199,000 | 14,692,000 | 15,556,000 |
interest on short-term borrowings | 1,783,000 | 98,000 | 368,000 | 398,000 | 1,122,000 | 930,000 | 189,000 | 1,077,000 | 2,454,000 | ||||||||||||||||
total interest expense | 35,214,000 | 36,815,000 | 38,814,000 | 39,509,000 | 37,580,000 | 41,676,000 | 45,745,000 | 45,440,000 | 43,618,000 | 42,343,000 | 40,230,000 | 35,958,000 | 27,701,000 | 18,516,000 | 10,066,000 | 4,944,000 | 3,154,000 | 3,315,000 | 3,554,000 | 3,964,000 | 4,298,000 | 7,303,000 | 11,585,000 | 15,224,000 | 16,224,000 |
provision for credit losses | 2,000,000 | 2,000,000 | 3,000,000 | 6,800,000 | 3,691,000 | 3,059,000 | 8,480,000 | 1,520,000 | |||||||||||||||||
net interest income after provision for credit losses | 54,773,000 | 38,006,000 | 54,073,000 | 51,876,000 | 46,075,000 | 32,981,500 | 46,214,000 | 39,816,000 | 45,896,000 | ||||||||||||||||
noninterest income | |||||||||||||||||||||||||
wealth advisory fees | 3,063,000 | 2,976,000 | 2,855,000 | 2,667,000 | 2,867,000 | 2,699,000 | 2,718,000 | 2,597,000 | 2,455,000 | 2,311,000 | 2,298,000 | 2,271,000 | 2,200,000 | 2,086,000 | 2,059,000 | 2,204,000 | 2,287,000 | 2,317,000 | 2,177,000 | 2,078,000 | 2,178,000 | 1,805,000 | 1,859,000 | 1,736,000 | 1,646,000 |
investment brokerage fees | 524,000 | 639,000 | 557,000 | 550,000 | 452,000 | 456,000 | 438,000 | 478,000 | 522,000 | 445,000 | 408,000 | 428,000 | 534,000 | 607,000 | 651,000 | 541,000 | 519,000 | 415,000 | 521,000 | 575,000 | 464,000 | 310,000 | 417,000 | 386,000 | 528,000 |
service charges on deposit accounts | 2,874,000 | 2,952,000 | 2,921,000 | 2,827,000 | 2,774,000 | 2,825,000 | 2,835,000 | 2,806,000 | 2,691,000 | 2,682,000 | 2,735,000 | 2,726,000 | 2,630,000 | 2,914,000 | 2,990,000 | 2,882,000 | 2,809,000 | 2,840,000 | 2,756,000 | 2,521,000 | 2,491,000 | 2,189,000 | 2,772,000 | 3,654,000 | 4,850,000 |
loan and service fees | 3,207,000 | 2,985,000 | 3,419,000 | 3,006,000 | 2,884,000 | 2,977,000 | 2,955,000 | 3,048,000 | 2,852,000 | 2,968,000 | 2,934,000 | 3,002,000 | 2,846,000 | 3,083,000 | 3,047,000 | 3,195,000 | 2,889,000 | 3,099,000 | 3,005,000 | 3,042,000 | 2,776,000 | 2,425,000 | 2,408,000 | 2,518,000 | 2,481,000 |
merchant and interchange fee income | 777,000 | 848,000 | 892,000 | 854,000 | 822,000 | 889,000 | 898,000 | 892,000 | 863,000 | ||||||||||||||||
bank owned life insurance income | 976,000 | 1,327,000 | 1,567,000 | 1,040,000 | 322,000 | 1,216,000 | 1,068,000 | 890,000 | 1,036,000 | 740,000 | 1,009,000 | 693,000 | 691,000 | 644,000 | 54,000 | -183,000 | -83,000 | 366,000 | 640,000 | 705,000 | 756,000 | 836,000 | -292,000 | 515,000 | 287,000 |
interest rate swap fee income | 701,000 | 63,000 | 20,000 | 794,000 | 87,000 | 88,000 | 354,000 | 50,000 | 101,000 | 180,000 | 505,000 | 249,000 | |||||||||||||
mortgage banking income | 81,000 | 67,000 | -6,000 | 124,000 | -51,000 | 48,000 | -7,000 | 23,000 | 52,000 | -70,000 | -50,000 | -35,000 | -99,000 | -138,000 | -89,000 | 351,000 | 509,000 | -338,000 | -32,000 | 415,000 | 1,373,000 | 1,354,000 | 586,000 | 636,000 | 398,000 |
other income | 730,000 | 746,000 | 749,000 | 398,000 | 858,000 | 766,000 | 1,027,000 | 694,000 | 2,187,000 | 7,234,000 | 598,000 | 690,000 | 619,000 | 315,000 | 423,000 | 244,000 | 892,000 | 112,000 | 1,029,000 | 689,000 | 895,000 | 1,607,000 | 2,358,000 | 624,000 | 663,000 |
total noninterest income | 12,933,000 | 12,603,000 | 12,954,000 | 11,486,000 | 10,928,000 | 11,876,000 | 11,917,000 | 20,439,000 | 12,612,000 | 17,208,000 | 10,835,000 | 11,501,000 | 10,314,000 | 10,519,000 | 10,164,000 | 10,492,000 | 10,687,000 | 9,709,000 | 11,114,000 | 11,340,000 | 12,557,000 | 11,169,000 | 10,777,000 | 10,765,000 | 11,588,000 |
noninterest expense | |||||||||||||||||||||||||
salaries and employee benefits | 20,295,000 | 19,881,000 | 20,414,000 | 17,096,000 | 17,902,000 | 17,261,000 | 16,476,000 | 16,158,000 | 16,833,000 | 15,733,000 | 15,977,000 | 11,374,000 | 16,063,000 | 14,690,000 | 14,650,000 | 14,798,000 | 14,392,000 | 13,505,000 | 14,230,000 | 15,762,000 | 14,385,000 | 11,424,000 | 11,566,000 | 12,837,000 | 11,835,000 |
net occupancy expense | 2,104,000 | 1,920,000 | 1,877,000 | 1,747,000 | 1,980,000 | 1,706,000 | 1,721,000 | 1,698,000 | 1,740,000 | 1,486,000 | 1,621,000 | 1,681,000 | 1,572,000 | 1,494,000 | 1,476,000 | 1,688,000 | 1,629,000 | 1,385,000 | 1,413,000 | 1,427,000 | 1,503,000 | 1,545,000 | 1,387,000 | 1,351,000 | 1,283,000 |
equipment costs | 1,464,000 | 1,422,000 | 1,475,000 | 1,437,000 | 1,382,000 | 1,405,000 | 1,452,000 | 1,343,000 | 1,412,000 | 1,443,000 | 1,325,000 | 1,426,000 | 1,438,000 | 1,513,000 | 1,380,000 | 1,459,000 | 1,411,000 | 1,396,000 | 1,371,000 | 1,318,000 | 1,445,000 | 1,430,000 | 1,417,000 | 1,385,000 | 1,409,000 |
data processing fees and supplies | 4,259,000 | 4,001,000 | 4,116,000 | 4,152,000 | 4,265,000 | 3,742,000 | 3,768,000 | 3,812,000 | 3,839,000 | 3,698,000 | 3,379,000 | 3,474,000 | 3,452,000 | 3,316,000 | 3,226,000 | 3,203,000 | 3,081,000 | 2,982,000 | 3,169,000 | 3,204,000 | 3,319,000 | 2,829,000 | 2,882,000 | 2,620,000 | 2,574,000 |
corporate and business development | 1,493,000 | 1,148,000 | 1,563,000 | 1,160,000 | 1,406,000 | 950,000 | 1,369,000 | 1,265,000 | 1,381,000 | 877,000 | 1,201,000 | 1,298,000 | 1,431,000 | 1,120,000 | 1,426,000 | 1,433,000 | 1,219,000 | 1,054,000 | 1,000,000 | 699,000 | 1,509,000 | 627,000 | 1,111,000 | 999,000 | 1,171,000 |
fdic insurance and other regulatory fees | 873,000 | 844,000 | 878,000 | 839,000 | 800,000 | 894,000 | 966,000 | 816,000 | 789,000 | 894,000 | 871,000 | 803,000 | 795,000 | 483,000 | 458,000 | 619,000 | 439,000 | 535,000 | 748,000 | 495,000 | 464,000 | 403,000 | 267,000 | -249,000 | 409,000 |
professional fees | 1,937,000 | 1,886,000 | 1,726,000 | 1,706,000 | 2,380,000 | 2,275,000 | 2,089,000 | 2,123,000 | 2,463,000 | 2,299,000 | 2,114,000 | 2,049,000 | 2,121,000 | 1,956,000 | 1,554,000 | 1,414,000 | 1,559,000 | 2,006,000 | 1,342,000 | 1,839,000 | 1,877,000 | 1,053,000 | 1,147,000 | 1,479,000 | 1,071,000 |
other expense | 2,726,000 | 2,343,000 | 2,916,000 | 2,295,000 | 2,648,000 | 2,420,000 | 2,552,000 | 6,118,000 | 2,248,000 | 2,315,000 | |||||||||||||||
total noninterest expense | 35,151,000 | 33,445,000 | 34,965,000 | 30,432,000 | 32,763,000 | 30,653,000 | 30,393,000 | 33,333,000 | 30,705,000 | 29,445,000 | 29,097,000 | 42,734,000 | 29,434,000 | 27,434,000 | 27,894,000 | 27,913,000 | 26,969,000 | 24,926,000 | 25,967,000 | 26,648,000 | 26,746,000 | 21,079,000 | 22,089,000 | 22,737,000 | 22,092,000 |
income before income tax expense | 32,555,000 | 36,351,000 | 32,062,000 | 32,930,000 | 24,240,000 | 29,226,000 | 27,738,000 | 26,922,000 | 27,803,000 | 36,062,000 | 29,731,000 | 16,491,000 | 28,049,000 | 30,964,000 | 34,762,000 | 31,257,000 | 28,181,000 | 29,790,000 | 29,588,000 | 30,053,000 | 28,013,000 | 24,118,000 | 20,942,000 | 26,573,000 | 27,122,000 |
income tax expense | 6,077,000 | 6,445,000 | 5,658,000 | 5,964,000 | 4,155,000 | 5,036,000 | 4,400,000 | 4,373,000 | 4,402,000 | 6,436,000 | 4,479,000 | 1,880,000 | 3,771,000 | 4,987,000 | 6,237,000 | 5,584,000 | 4,539,000 | 5,507,000 | 5,469,000 | 5,705,000 | 5,030,000 | 4,448,000 | 3,643,000 | 5,119,000 | 5,409,000 |
net income | 26,478,000 | 29,906,000 | 26,404,000 | 26,966,000 | 20,085,000 | 24,190,000 | 23,338,000 | 22,549,000 | 23,401,000 | 29,626,000 | 25,252,000 | 14,611,000 | 24,278,000 | 25,977,000 | 28,525,000 | 25,673,000 | 23,642,000 | 24,283,000 | 24,119,000 | 24,348,000 | 22,983,000 | 19,670,000 | 17,299,000 | 21,454,000 | 21,713,000 |
yoy | 31.83% | 23.63% | 13.14% | 19.59% | -14.17% | -18.35% | -7.58% | 54.33% | -3.61% | 14.05% | -11.47% | -43.09% | 2.69% | 6.98% | 18.27% | 5.44% | 2.87% | 23.45% | 39.42% | 13.49% | 5.85% | ||||
qoq | -11.46% | 13.26% | -2.08% | 34.26% | -16.97% | 3.65% | 3.50% | -3.64% | -21.01% | 17.32% | 72.83% | -39.82% | -6.54% | -8.93% | 11.11% | 8.59% | -2.64% | 0.68% | -0.94% | 5.94% | 16.84% | 13.71% | -19.37% | -1.19% | |
basic weighted-average common shares | 25,344,757,000 | 25,687,159,000 | 25,703,699,000 | 25,707,233,000 | 25,714,818,000 | 25,676,543,000 | 25,684,407,000 | 25,678,231,000 | 25,657,063,000 | 25,604,751,000 | 25,613,456,000 | 25,607,663,000 | 25,583,026,000 | 25,528,328,000 | 25,533,832,000 | 25,527,896,000 | 25,515,271,000 | 25,475,994,000 | 25,479,654,000 | 25,473,497,000 | 25,457,659,000 | 25,412,014,000 | 25,622,988,000 | 25,622,338,000 | 25,614,701,000 |
basic earnings per common share | 1,040 | 1,160 | 1,030 | 1,050 | 780 | 940 | 910 | 880 | 910 | 1,160 | 990 | 570 | 950 | 1,020 | 1,120 | 1,000 | 930 | 950 | 950 | 960 | 900 | 770 | 680 | 840 | 850 |
diluted weighted-average common shares | 25,493,920,000 | 25,799,047,000 | 25,821,360,000 | 25,776,205,000 | 25,802,865,000 | 25,769,018,000 | 25,767,739,000 | 25,742,871,000 | 25,747,643,000 | 25,723,165,000 | 25,693,535,000 | 25,686,354,000 | 25,742,885,000 | 25,712,538,000 | 25,734,613,000 | 25,697,577,000 | 25,690,372,000 | 25,620,105,000 | 25,635,288,000 | 25,602,063,000 | 25,550,111,000 | 25,469,680,000 | 25,735,826,000 | 25,796,696,000 | 25,774,002,000 |
diluted earnings per common share | 1,040 | 1,160 | 1,030 | 1,040 | 780 | 940 | 910 | 870 | 910 | 1,160 | 980 | 570 | 940 | 1,010 | 1,110 | 1,000 | 920 | 950 | 940 | 950 | 900 | 770 | 670 | 830 | 850 |
net securities gains | -46,000 | -9,000 | -35,000 | 3,000 | 16,000 | 44,000 | 753,000 | 49,000 | 6,000 | 65,000 | |||||||||||||||
net gain on visa shares | -15,000 | 9,011,000 | |||||||||||||||||||||||
wire fraud loss | 18,058,000 | ||||||||||||||||||||||||
interest on borrowings | |||||||||||||||||||||||||
short-term | 189,000 | 3,122,000 | 2,347,000 | 2,783,000 | 7,000 | 45,000 | 362,000 | 113,000 | 232,000 | ||||||||||||||||
long-term | 54,000 | 73,000 | 75,000 | 75,000 | 74,000 | 73,000 | 74,000 | 24,000 | 419,000 | 436,000 | |||||||||||||||
benefit from credit losses | 1,387,500 | 400,000 | 800,000 | 4,350,000 | 8,958,000 | 417,000 | |||||||||||||||||||
net interest income after benefit from credit losses | 35,721,500 | 47,993,000 | 47,724,000 | 47,169,000 | 36,408,250 | 52,492,000 | 48,678,000 | ||||||||||||||||||
merchant card fee income | 686,000 | 938,000 | 929,000 | 877,000 | 665,000 | 941,000 | 904,000 | 815,000 | 556,500 | 838,000 | 766,000 | 622,000 | 594,000 | 669,000 | 690,000 | 670,000 | |||||||||
provision (reversal) for credit losses | |||||||||||||||||||||||||
net interest income after benefit from loan losses | 44,463,000 | 33,001,000 | 44,441,000 | 45,361,000 | 42,202,000 | 34,028,000 | 32,254,000 | 37,626,000 | |||||||||||||||||
benefit from credit losses* | 269,250 | 1,300,000 | -1,700,000 | 1,477,000 | |||||||||||||||||||||
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benefit from loan losses | 5,500,000 | 6,600,000 | 785,000 | ||||||||||||||||||||||
provision for loan losses | 1,000,000 | ||||||||||||||||||||||||
net interest income after provision for loan losses | 38,545,000 |
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 | 2020-06-30 | 2019-12-31 | 2019-09-30 | 2018-12-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-06-30 | 2014-03-31 | 2013-09-30 | 2012-12-31 | 2012-06-30 | 2012-03-31 | 2011-12-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-12-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 | 2009-12-31 |
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assets | ||||||||||||||||||||||||||||||||||||||||||||||
cash and due from banks | 65,698,000 | 57,139,000 | 67,496,000 | 97,413,000 | 89,325,000 | 71,733,000 | 86,785,000 | 60,887,000 | 55,533,000 | 70,451,000 | 67,512,000 | 75,081,000 | 67,342,000 | 80,992,000 | 76,498,000 | 72,386,000 | 71,669,000 | 51,830,000 | 78,523,000 | 57,412,000 | 59,382,000 | 74,457,000 | 68,991,000 | 90,442,000 | 192,290,000 | 67,484,000 | 86,586,000 | 77,567,000 | 99,939,000 | 75,381,000 | 150,448,000 | 67,960,000 | 156,666,000 | 56,909,000 | 42,513,000 | 48,964,000 | ||||||||||
short-term investments | 85,626,000 | 84,179,000 | 125,340,000 | 212,767,000 | 145,899,000 | 96,472,000 | 73,405,000 | 60,290,000 | 92,154,000 | 81,373,000 | 78,768,000 | 98,056,000 | 86,179,000 | 49,290,000 | 128,304,000 | 97,129,000 | 403,355,000 | 631,410,000 | 478,710,000 | 515,398,000 | 442,563,000 | 175,470,000 | 57,344,000 | 46,133,000 | 24,632,000 | 13,190,000 | 11,485,000 | 11,913,000 | 13,107,000 | 15,257,000 | 9,954,000 | 9,179,000 | 4,000 | 75,571,000 | 10,000 | 4,000 | 47,675,000 | 18,000 | 15,000 | 10,000 | 17,628,000 | 37,000 | 30,000 | 8,000 | 7,019,000 | |
total cash and cash equivalents | 151,324,000 | 141,318,000 | 192,836,000 | 310,180,000 | 235,224,000 | 168,205,000 | 160,190,000 | 121,177,000 | 147,687,000 | 151,824,000 | 146,280,000 | 173,137,000 | 153,521,000 | 130,282,000 | 204,802,000 | 169,515,000 | 475,024,000 | 683,240,000 | 557,233,000 | 572,810,000 | 501,945,000 | 249,927,000 | 126,335,000 | 136,575,000 | 80,674,000 | 98,071,000 | 89,480,000 | 113,046,000 | 90,638,000 | 160,402,000 | 77,139,000 | 232,237,000 | 104,584,000 | 60,141,000 | 55,983,000 | |||||||||||
securities available-for-sale, at fair value | 1,026,991,000 | 1,052,062,000 | 1,031,938,000 | 996,957,000 | 1,000,875,000 | 991,426,000 | 1,016,649,000 | 993,057,000 | 1,014,481,000 | 1,051,728,000 | 975,532,000 | 1,062,069,000 | 1,108,281,000 | 1,185,528,000 | 1,192,186,000 | 1,300,580,000 | ||||||||||||||||||||||||||||||
securities held-to-maturity, at amortized cost | 133,617,000 | 133,208,000 | 132,799,000 | 132,389,000 | 131,979,000 | 131,568,000 | 131,157,000 | 130,746,000 | 130,335,000 | 129,918,000 | 129,494,000 | 129,070,000 | 128,651,000 | 128,242,000 | 127,820,000 | 127,411,000 | ||||||||||||||||||||||||||||||
real estate mortgage loans held-for-sale | 1,086,000 | 2,707,000 | 725,000 | 1,637,000 | 1,295,000 | 1,700,000 | 3,148,000 | 399,000 | 1,659,000 | 1,158,000 | 572,000 | 1,298,000 | 508,000 | 357,000 | 1,097,000 | 2,646,000 | 2,234,000 | 7,470,000 | 7,969,000 | 7,005,000 | 19,092,000 | 11,218,000 | 16,640,000 | 7,424,000 | ||||||||||||||||||||||
loans, net of allowance for credit losses of 68,914 and 68,995 | 5,404,444,000 | |||||||||||||||||||||||||||||||||||||||||||||
land, premises and equipment | 68,761,000 | 65,542,000 | 64,928,000 | 61,449,000 | 60,797,000 | 60,489,000 | 59,987,000 | 58,793,000 | 57,890,000 | 57,899,000 | 58,512,000 | 58,839,000 | 58,707,000 | 58,097,000 | 58,486,000 | 58,601,000 | 58,883,000 | 59,309,000 | 59,998,000 | 59,539,000 | 59,884,000 | 59,298,000 | 60,331,000 | 59,631,000 | 58,097,000 | 46,684,000 | 44,013,000 | 43,376,000 | 42,438,000 | 41,983,000 | 39,867,000 | 39,575,000 | 34,840,000 | 34,736,000 | 30,405,000 | 29,576,000 | ||||||||||
bank owned life insurance | 130,710,000 | 129,978,000 | 128,618,000 | 127,399,000 | 113,826,000 | 113,320,000 | 112,075,000 | 110,985,000 | 110,067,000 | 109,114,000 | 108,758,000 | 107,738,000 | 107,026,000 | 108,407,000 | 97,702,000 | 97,599,000 | 97,722,000 | 97,652,000 | 97,224,000 | 96,921,000 | 96,158,000 | 95,227,000 | 83,927,000 | 83,153,000 | 77,106,000 | 69,698,000 | 67,693,000 | 67,434,000 | 67,021,000 | 66,612,000 | 63,363,000 | 62,994,000 | 61,112,000 | 39,959,000 | 38,826,000 | 36,639,000 | ||||||||||
federal reserve and federal home loan bank stock | 21,420,000 | 21,420,000 | 21,420,000 | 21,420,000 | 21,420,000 | 21,420,000 | 21,420,000 | 21,420,000 | 21,420,000 | 21,420,000 | 21,420,000 | 21,420,000 | 15,795,000 | 15,795,000 | 12,840,000 | 12,840,000 | 12,840,000 | 13,772,000 | 13,772,000 | 13,772,000 | 13,772,000 | 13,772,000 | 13,772,000 | 13,772,000 | 13,772,000 | 7,668,000 | 7,668,000 | 7,668,000 | 9,413,000 | 9,413,000 | 10,732,000 | 10,732,000 | ||||||||||||||
accrued interest receivable | 29,703,000 | 28,997,000 | 28,667,000 | 29,109,000 | 28,818,000 | 28,446,000 | 28,471,000 | 30,681,000 | 30,793,000 | 30,011,000 | 28,994,000 | 27,398,000 | 26,883,000 | 27,994,000 | 22,822,000 | 20,733,000 | 19,448,000 | 17,674,000 | 17,780,000 | 17,056,000 | 19,355,000 | 18,761,000 | 15,850,000 | 15,823,000 | 15,518,000 | 9,462,000 | 9,330,000 | 9,360,000 | 9,091,000 | 8,662,000 | 8,970,000 | 8,833,000 | ||||||||||||||
goodwill | 4,970,000 | 4,970,000 | 4,970,000 | 4,970,000 | 4,970,000 | 4,970,000 | 4,970,000 | 4,970,000 | 4,970,000 | 4,970,000 | 4,970,000 | 4,970,000 | 4,970,000 | 4,970,000 | 4,970,000 | 4,970,000 | 4,970,000 | 4,970,000 | 4,970,000 | 4,970,000 | 4,970,000 | 4,970,000 | 4,970,000 | 4,970,000 | 4,970,000 | 4,970,000 | 4,970,000 | 4,970,000 | 4,970,000 | 4,970,000 | 4,970,000 | 4,970,000 | 4,970,000 | 4,970,000 | 4,970,000 | 4,970,000 | ||||||||||
other assets | 110,654,000 | 103,466,000 | 107,676,000 | 118,516,000 | 121,186,000 | 124,842,000 | 108,941,000 | 124,949,000 | 123,180,000 | 121,425,000 | 153,452,000 | 133,405,000 | 123,474,000 | 134,909,000 | 143,085,000 | 113,016,000 | 92,415,000 | 54,610,000 | 57,850,000 | 54,610,000 | 58,250,000 | 54,669,000 | 54,846,000 | 8,457,000 | 40,984,000 | 34,735,000 | 28,446,000 | 26,088,000 | 27,384,000 | 25,694,000 | 27,452,000 | 26,154,000 | 27,936,000 | 39,899,000 | 45,075,000 | 45,179,000 | 44,044,000 | |||||||||
total assets | 7,083,680,000 | 6,990,022,000 | 6,895,028,000 | 6,964,301,000 | 6,851,178,000 | 6,678,374,000 | 6,645,371,000 | 6,568,807,000 | 6,566,861,000 | 6,524,029,000 | 6,426,844,000 | 6,509,546,000 | 6,411,529,000 | 6,432,371,000 | 6,288,406,000 | 6,265,087,000 | 6,572,259,000 | 6,557,323,000 | 6,222,916,000 | 6,232,914,000 | 6,016,642,000 | 5,830,435,000 | 5,441,092,000 | 598,273,000 | 4,948,155,000 | 3,766,286,000 | 3,666,250,000 | 3,572,106,000 | 3,477,654,000 | 3,443,284,000 | 3,419,111,000 | 3,233,724,000 | 81,010,000 | 3,064,144,000 | 59,839,000 | 30,147,000 | 2,889,688,000 | 92,943,000 | 62,109,000 | 31,155,000 | 2,681,926,000 | 93,211,000 | 61,761,000 | 30,587,000 | 2,571,505,000 | |
liabilities | ||||||||||||||||||||||||||||||||||||||||||||||
noninterest bearing deposits | 1,301,547,000 | 1,221,327,000 | 1,268,241,000 | 1,261,740,000 | 1,296,907,000 | 1,297,456,000 | 1,284,527,000 | 1,212,989,000 | 1,254,200,000 | 1,353,477,000 | 1,377,650,000 | 1,438,030,000 | 1,548,066,000 | 1,736,761,000 | 1,832,328,000 | 1,797,614,000 | 1,880,418,000 | 1,895,481,000 | 1,762,021,000 | 1,743,000,000 | 1,604,068,000 | 1,538,331,000 | 1,425,901,000 | 1,011,336,000 | 946,838,000 | 715,093,000 | 630,789,000 | 602,898,000 | 589,773,000 | 579,495,000 | 506,771,000 | 482,189,000 | 407,926,000 | 356,682,000 | 305,107,000 | 259,415,000 | ||||||||||
interest bearing deposits | 4,888,713,000 | 4,752,023,000 | 4,756,077,000 | 4,915,093,000 | 4,663,287,000 | 4,603,510,000 | 4,552,786,000 | 4,550,548,000 | 4,363,885,000 | 4,367,048,000 | 4,279,425,000 | 3,985,029,000 | 3,969,662,000 | 3,723,859,000 | 3,831,805,000 | 3,823,970,000 | 3,940,205,000 | 3,839,926,000 | 3,652,617,000 | 3,651,664,000 | 3,625,902,000 | 3,498,474,000 | 3,217,526,000 | 3,272,054,000 | 3,097,227,000 | 2,468,328,000 | 2,516,745,000 | 2,417,253,000 | 2,404,466,000 | 2,293,625,000 | 2,320,974,000 | 2,256,585,000 | 42,000 | 2,173,830,000 | 17,000 | 7,000 | 2,056,014,000 | 96,000 | 81,000 | 8,000 | 1,895,918,000 | 23,000 | 11,000 | 6,000 | 1,591,710,000 | |
total deposits | 6,190,260,000 | 5,973,350,000 | 6,024,318,000 | 6,176,833,000 | 5,960,194,000 | 5,900,966,000 | 5,837,313,000 | 5,763,537,000 | 5,618,085,000 | 5,720,525,000 | 5,657,075,000 | 5,423,059,000 | 5,517,728,000 | 5,460,620,000 | 5,664,133,000 | 5,621,584,000 | 5,820,623,000 | 5,735,407,000 | 5,414,638,000 | 5,394,664,000 | 5,229,970,000 | 5,036,805,000 | 4,643,427,000 | 4,283,390,000 | 3,183,421,000 | 3,147,534,000 | 3,020,151,000 | 2,994,239,000 | 2,873,120,000 | 2,827,745,000 | 2,738,774,000 | 2,581,756,000 | 2,412,696,000 | 2,201,025,000 | 1,851,125,000 | |||||||||||
borrowings - federal home loan bank advances: | ||||||||||||||||||||||||||||||||||||||||||||||
short-term advance | 50,000,000 | 170,000,000 | 55,000,000 | |||||||||||||||||||||||||||||||||||||||||||
long-term advance | 1,200,000 | 1,200,000 | 1,200,000 | |||||||||||||||||||||||||||||||||||||||||||
other borrowings | 17,000,000 | 13,000,000 | 5,000,000 | |||||||||||||||||||||||||||||||||||||||||||
total borrowings | 68,200,000 | 184,200,000 | 56,200,000 | 6,200,000 | 30,000,000 | 55,000,000 | 50,000,000 | 90,000,000 | 400,000,000 | 200,000,000 | 297,000,000 | 75,000,000 | 75,000,000 | 75,000,000 | 75,000,000 | 85,500,000 | 110,500,000 | 30,928,000 | ||||||||||||||||||||||||||||
accrued interest payable | 8,591,000 | 8,868,000 | 8,628,000 | 9,996,000 | 14,699,000 | 15,117,000 | 14,784,000 | 15,354,000 | 14,524,000 | 20,893,000 | 16,178,000 | 9,833,000 | 5,425,000 | 3,186,000 | 2,200,000 | 1,948,000 | 2,303,000 | 2,619,000 | 2,916,000 | 3,871,000 | 4,283,000 | 5,959,000 | 8,446,000 | 12,071,000 | 10,404,000 | 3,773,000 | 3,712,000 | 3,921,000 | 3,592,000 | 2,946,000 | 2,996,000 | 2,938,000 | ||||||||||||||
other liabilities | 67,636,000 | 61,112,000 | 58,379,000 | 61,285,000 | 73,576,000 | 78,380,000 | 64,093,000 | 80,326,000 | 87,243,000 | 82,818,000 | 106,407,000 | 84,659,000 | 86,370,000 | 102,678,000 | 102,853,000 | 79,492,000 | 65,231,000 | 39,391,000 | 47,160,000 | 81,908,000 | 55,721,000 | 44,987,000 | 57,827,000 | 37,330,000 | 22,598,000 | 15,607,000 | 16,928,000 | 14,693,000 | 17,505,000 | 14,463,000 | 10,871,000 | 14,597,000 | 1,390,000 | 2,195,000 | 2,318,000 | 1,236,000 | ||||||||||
total liabilities | 6,334,687,000 | 6,227,530,000 | 6,147,525,000 | 6,254,314,000 | 6,156,669,000 | 5,994,463,000 | 5,946,190,000 | 5,914,217,000 | 5,919,852,000 | 5,874,236,000 | 5,869,660,000 | 5,917,551,000 | 5,809,523,000 | 5,863,484,000 | 5,769,186,000 | 5,703,024,000 | 5,963,157,000 | 5,852,417,000 | 5,539,714,000 | 5,555,443,000 | 5,364,974,000 | 5,173,251,000 | 4,820,200,000 | 4,363,719,000 | 3,373,385,000 | 3,279,550,000 | 3,196,342,000 | 3,106,815,000 | 3,081,899,000 | 3,075,536,000 | 2,901,633,000 | 2,766,316,000 | 2,616,399,000 | 2,434,840,000 | 2,291,422,000 | |||||||||||
stockholders’ equity | 598,011,000 | |||||||||||||||||||||||||||||||||||||||||||||
common stock: 90,000,000 shares authorized, no par value | ||||||||||||||||||||||||||||||||||||||||||||||
26,062,063 shares issued and 24,929,650 outstanding as of march 31, 2026 | ||||||||||||||||||||||||||||||||||||||||||||||
26,023,644 shares issued and 25,219,634 outstanding as of december 31, 2025 | 137,929,000 | |||||||||||||||||||||||||||||||||||||||||||||
retained earnings | 801,617,000 | 788,345,000 | 771,291,000 | 757,739,000 | 743,650,000 | 736,412,000 | 724,550,000 | 713,541,000 | 703,330,000 | 692,760,000 | 674,917,000 | 661,447,000 | 658,629,000 | 646,100,000 | 630,337,000 | 612,026,000 | 596,578,000 | 583,134,000 | 567,518,000 | 552,063,000 | 536,390,000 | 529,005,000 | 496,891,000 | 460,736,000 | 419,179,000 | 294,002,000 | 285,792,000 | 278,301,000 | 271,004,000 | 263,345,000 | 247,715,000 | 239,889,000 | 203,654,000 | 181,903,000 | 161,299,000 | 149,945,000 | ||||||||||
accumulated other comprehensive income | -135,622,000 | -127,137,000 | -140,703,000 | -161,121,000 | -163,879,000 | -166,500,000 | -138,136,000 | -170,458,000 | -166,913,000 | -155,195,000 | -228,111,000 | -177,645,000 | -167,370,000 | -188,923,000 | -221,729,000 | -158,534,000 | -93,687,000 | 16,093,000 | 10,932,000 | 22,271,000 | 15,110,000 | 27,744,000 | 24,802,000 | 13,467,000 | -6,191,000 | 2,142,000 | 5,035,000 | 2,722,000 | 5,869,000 | 3,830,000 | 454,000 | 5,689,000 | 5,139,000 | 1,350,000 | ||||||||||||
treasury stock | -55,020,000 | -35,770,000 | -17,608,000 | -17,384,000 | -15,594,000 | -15,754,000 | -15,668,000 | -15,453,000 | -15,370,000 | -15,553,000 | -15,469,000 | -15,263,000 | -15,182,000 | -15,383,000 | -15,309,000 | -15,089,000 | -15,016,000 | -15,025,000 | -14,962,000 | -14,748,000 | -14,685,000 | -14,581,000 | -14,314,000 | -4,099,000 | -3,756,000 | -2,455,000 | -2,432,000 | -2,213,000 | -2,191,000 | -2,000,000 | -1,786,000 | -2,130,000 | -1,643,000 | -1,222,000 | -1,418,000 | -1,540,000 | ||||||||||
total stockholders’ equity | 748,904,000 | 762,403,000 | 747,414,000 | 709,898,000 | 694,420,000 | 683,822,000 | 699,092,000 | 654,501,000 | 646,920,000 | 649,704,000 | 557,095,000 | 591,906,000 | 601,917,000 | 568,798,000 | 519,131,000 | 561,974,000 | 609,013,000 | 704,817,000 | 683,113,000 | 677,382,000 | 651,579,000 | 657,095,000 | 620,803,000 | 584,347,000 | ||||||||||||||||||||||
noncontrolling interest | 89,000 | 89,000 | 89,000 | 89,000 | 89,000 | 89,000 | 89,000 | 89,000 | 89,000 | 89,000 | 89,000 | 89,000 | 89,000 | 89,000 | 89,000 | 89,000 | 89,000 | 89,000 | 89,000 | 89,000 | 89,000 | 89,000 | 89,000 | 89,000 | 89,000 | 89,000 | 89,000 | 89,000 | 89,000 | 89,000 | 89,000 | 89,000 | 89,000 | 89,000 | 89,000 | 89,000 | ||||||||||
total equity | 748,993,000 | 762,492,000 | 747,503,000 | 709,987,000 | 694,509,000 | 683,911,000 | 699,181,000 | 654,590,000 | 647,009,000 | 649,793,000 | 557,184,000 | 591,995,000 | 602,006,000 | 568,887,000 | 519,220,000 | 562,063,000 | 609,102,000 | 704,906,000 | 683,202,000 | 677,471,000 | 651,668,000 | 657,184,000 | 620,892,000 | 584,436,000 | 521,704,000 | 392,901,000 | 386,700,000 | 375,764,000 | 370,839,000 | 361,385,000 | 343,575,000 | 332,091,000 | 297,828,000 | 273,289,000 | 247,086,000 | 280,083,000 | ||||||||||
total liabilities and equity | 7,083,680,000 | 6,990,022,000 | 6,895,028,000 | 6,964,301,000 | 6,851,178,000 | 6,678,374,000 | 6,645,371,000 | 6,568,807,000 | 6,566,861,000 | 6,524,029,000 | 6,426,844,000 | 6,509,546,000 | 6,411,529,000 | 6,432,371,000 | 6,288,406,000 | 6,265,087,000 | 6,572,259,000 | 6,557,323,000 | 6,222,916,000 | 6,232,914,000 | 6,016,642,000 | 5,830,435,000 | 5,441,092,000 | 4,948,155,000 | 3,666,250,000 | 3,572,106,000 | 3,477,654,000 | 3,419,111,000 | 3,233,724,000 | |||||||||||||||||
loans, net of allowance for credit losses of 68,995 and 85,960 | 5,306,354,000 | |||||||||||||||||||||||||||||||||||||||||||||
liabilities and stockholders’ equity | ||||||||||||||||||||||||||||||||||||||||||||||
commitments, off-balance sheet risks and contingencies | ||||||||||||||||||||||||||||||||||||||||||||||
25,978,831 shares issued and 25,509,592 outstanding as of december 31, 2024 | 136,965,000 | 134,434,000 | 130,664,000 | 130,243,000 | ||||||||||||||||||||||||||||||||||||||||||
loans, net of allowance for credit losses of 68,168 and 85,960 | 5,180,451,000 | |||||||||||||||||||||||||||||||||||||||||||||
26,023,644 shares issued and 25,528,732 outstanding as of september 30, 2025 | ||||||||||||||||||||||||||||||||||||||||||||||
loans, net of allowance for credit losses of 66,552 and 85,960 | 5,160,275,000 | |||||||||||||||||||||||||||||||||||||||||||||
borrowings | ||||||||||||||||||||||||||||||||||||||||||||||
federal home loan bank advance | 1,200,000 | |||||||||||||||||||||||||||||||||||||||||||||
26,016,494 shares issued and 25,525,105 outstanding as of june 30, 2025 | ||||||||||||||||||||||||||||||||||||||||||||||
loans, net of allowance for credit losses of 92,433 and 85,960 | 5,130,788,000 | |||||||||||||||||||||||||||||||||||||||||||||
borrowings - federal home loan bank advances | 108,200,000 | 75,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
26,016,494 shares issued and 25,556,904 outstanding as of march 31, 2025 | ||||||||||||||||||||||||||||||||||||||||||||||
loans, net of allowance for credit losses of 85,960 and 71,972 | 5,031,988,000 | |||||||||||||||||||||||||||||||||||||||||||||
25,903,686 shares issued and 25,430,566 outstanding as of december 31, 2023 | 129,664,000 | 128,346,000 | 126,871,000 | 125,873,000 | ||||||||||||||||||||||||||||||||||||||||||
loans, net of allowance for credit losses of 83,627 and 71,972 | 4,998,363,000 | |||||||||||||||||||||||||||||||||||||||||||||
federal funds purchased | 30,000,000 | 55,000,000 | 22,000,000 | 25,000,000 | 500,000 | 8,000,000 | 10,000,000 | 9,600,000 | ||||||||||||||||||||||||||||||||||||||
federal home loan bank advances | 200,000,000 | 50,000,000 | 90,000,000 | 400,000,000 | 200,000,000 | 275,000,000 | 75,000,000 | 75,000,000 | 75,000,000 | 75,000,000 | 75,000,000 | 75,000,000 | 170,000,000 | |||||||||||||||||||||||||||||||||
25,974,017 shares issued and 25,506,084 outstanding as of september 30, 2024 | ||||||||||||||||||||||||||||||||||||||||||||||
loans, net of allowance for credit losses of 80,711 and 71,972 | 4,971,630,000 | |||||||||||||||||||||||||||||||||||||||||||||
25,968,167 shares issued and 25,503,744 outstanding as of june 30, 2024 | ||||||||||||||||||||||||||||||||||||||||||||||
loans, net of allowance for credit losses of 73,180 and 71,972 | 4,924,379,000 | |||||||||||||||||||||||||||||||||||||||||||||
25,966,500 shares issued and 25,503,425 outstanding as of march 31, 2024 | ||||||||||||||||||||||||||||||||||||||||||||||
loans, net of allowance for credit losses of 71,972 and 72,606 | 4,844,562,000 | |||||||||||||||||||||||||||||||||||||||||||||
25,825,127 shares issued and 25,349,225 outstanding as of december 31, 2022 | 127,692,000 | 125,758,000 | 123,367,000 | 125,840,000 | ||||||||||||||||||||||||||||||||||||||||||
loans, net of allowance for credit losses of 72,105 and 72,606 | 4,798,860,000 | |||||||||||||||||||||||||||||||||||||||||||||
25,903,264 shares issued and 25,431,724 outstanding as of september 30, 2023 | ||||||||||||||||||||||||||||||||||||||||||||||
loans, net of allowance for credit losses of 72,058 and 72,606 | 4,790,202,000 | |||||||||||||||||||||||||||||||||||||||||||||
25,896,764 shares issued and 25,429,216 outstanding as of june 30, 2023 | ||||||||||||||||||||||||||||||||||||||||||||||
loans, net of allowance for credit losses of 71,215 and 72,606 | 4,683,713,000 | |||||||||||||||||||||||||||||||||||||||||||||
25,896,764 shares issued and 25,430,917 outstanding as of march 31, 2023 | ||||||||||||||||||||||||||||||||||||||||||||||
loans, net of allowance for credit losses of 72,606 and 67,773 | 4,637,790,000 | |||||||||||||||||||||||||||||||||||||||||||||
25,777,609 shares issued and 25,300,793 outstanding as of december 31, 2021 | 127,004,000 | 125,832,000 | 123,571,000 | 121,138,000 | ||||||||||||||||||||||||||||||||||||||||||
loans, net of allowance for credit losses of 67,239 and 67,773 | 4,422,596,000 | |||||||||||||||||||||||||||||||||||||||||||||
25,825,127 shares issued and 25,350,134 outstanding as of september 30, 2022 | ||||||||||||||||||||||||||||||||||||||||||||||
loans, net of allowance for credit losses of 67,523 and 67,773 | 4,357,176,000 | |||||||||||||||||||||||||||||||||||||||||||||
25,816,997 shares issued and 25,345,162 outstanding as of june 30, 2022 | ||||||||||||||||||||||||||||||||||||||||||||||
securities available-for-sale | 1,522,535,000 | 1,398,558,000 | 1,239,715,000 | 1,124,235,000 | 840,429,000 | 734,845,000 | 632,908,000 | 613,230,000 | ||||||||||||||||||||||||||||||||||||||
loans, net of allowance for credit losses of 67,526 and 67,773 | 4,286,188,000 | |||||||||||||||||||||||||||||||||||||||||||||
25,816,997 shares issued and 25,346,149 outstanding as of march 31, 2022 | ||||||||||||||||||||||||||||||||||||||||||||||
loans, net of allowance for credit losses of 67,773 and 61,408 | 4,220,068,000 | |||||||||||||||||||||||||||||||||||||||||||||
miscellaneous borrowings | 10,500,000 | 10,500,000 | ||||||||||||||||||||||||||||||||||||||||||||
25,713,408 shares issued and 25,239,748 outstanding as of december 31, 2020 | 120,615,000 | 119,625,000 | 117,796,000 | 114,764,000 | ||||||||||||||||||||||||||||||||||||||||||
loans, net of allowance for credit losses* of 73,048 and 61,408 | 4,166,405,000 | |||||||||||||||||||||||||||||||||||||||||||||
25,775,133 shares issued and 25,299,178 outstanding as of september 30, 2021 | ||||||||||||||||||||||||||||||||||||||||||||||
loans, net of allowance for credit losses* of 71,713 and 61,408 | 4,281,996,000 | |||||||||||||||||||||||||||||||||||||||||||||
25,762,538 shares issued and 25,289,966 outstanding as of june 30, 2021 | ||||||||||||||||||||||||||||||||||||||||||||||
| ||||||||||||||||||||||||||||||||||||||||||||||
loans, net of allowance for credit losses* of 71,844 and 61,408 | 4,402,787,000 | |||||||||||||||||||||||||||||||||||||||||||||
25,762,538 shares issued and 25,290,908 outstanding as of march 31, 2021 | ||||||||||||||||||||||||||||||||||||||||||||||
loans, net of allowance for loan losses of 61,408 and 50,652 | 4,587,748,000 | |||||||||||||||||||||||||||||||||||||||||||||
25,623,016 shares issued and 25,444,275 outstanding as of december 31, 2019 | 114,927,000 | |||||||||||||||||||||||||||||||||||||||||||||
loans, net of allowance for loan losses of 59,019 and 50,652 | 4,431,513,000 | |||||||||||||||||||||||||||||||||||||||||||||
common stock: 90,000,000 shares authorized, no par value 25,701,115 shares issued and 25,233,280 outstanding as of june 30, 2020 25,623,016 shares issued and 25,444,275 outstanding as of december 31, 2019 | 113,424,000 | |||||||||||||||||||||||||||||||||||||||||||||
deposits with lake city bank | 1,762,000 | |||||||||||||||||||||||||||||||||||||||||||||
deposits with other depository institutions | 2,104,000 | |||||||||||||||||||||||||||||||||||||||||||||
cash | 3,866,000 | |||||||||||||||||||||||||||||||||||||||||||||
investments in banking subsidiary | 582,674,000 | |||||||||||||||||||||||||||||||||||||||||||||
investments in other subsidiaries | 3,276,000 | |||||||||||||||||||||||||||||||||||||||||||||
dividends payable and other liabilities | 262,000 | |||||||||||||||||||||||||||||||||||||||||||||
subordinated debt | ||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and stockholders’ equity | 598,273,000 | |||||||||||||||||||||||||||||||||||||||||||||
loans, net of allowance for loan losses of 50,628 and 48,453 | 3,972,593,000 | |||||||||||||||||||||||||||||||||||||||||||||
securities sold under agreements to repurchase | 75,555,000 | 69,622,000 | 80,414,000 | 51,615,000 | 60,517,000 | 54,907,000 | 92,961,000 | 81,361,000 | 121,883,000 | 131,990,000 | 142,015,000 | 127,118,000 | ||||||||||||||||||||||||||||||||||
subordinated debentures | 30,928,000 | 30,928,000 | 30,928,000 | 30,928,000 | 30,928,000 | 30,928,000 | 30,928,000 | 30,928,000 | 30,928,000 | 30,928,000 | 30,928,000 | 30,928,000 | 30,928,000 | |||||||||||||||||||||||||||||||||
common stock: 90,000,000 shares authorized, no par value 25,623,016 shares issued and 25,445,400 outstanding as of september 30, 2019 25,301,732 shares issued and 25,128,773 outstanding as of december 31, 2018 | 114,243,000 | |||||||||||||||||||||||||||||||||||||||||||||
total cash and cash equivalents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 216,922,000 | |||||||||||||||||||||||||||||||||||||||||||||
securities available for sale | 585,549,000 | 478,071,000 | 477,699,000 | 470,383,000 | 477,197,000 | 475,911,000 | 475,862,000 | 471,449,000 | 467,021,000 | 467,391,000 | 442,620,000 | 410,028,000 | ||||||||||||||||||||||||||||||||||
real estate mortgage loans held for sale | 2,293,000 | 3,294,000 | 3,132,000 | 3,405,000 | 2,248,000 | 1,585,000 | 1,069,000 | 2,043,000 | 9,452,000 | 2,953,000 | 5,606,000 | 1,521,000 | ||||||||||||||||||||||||||||||||||
loans, net of allowance for loan losses of 48,453 and 47,121 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 3,866,292,000 | |||||||||||||||||||||||||||||||||||||||||||||
total assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 4,875,254,000 | |||||||||||||||||||||||||||||||||||||||||||||
liabilities and stockholders' equity | ||||||||||||||||||||||||||||||||||||||||||||||
total deposits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 4,044,065,000 | |||||||||||||||||||||||||||||||||||||||||||||
total borrowings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 276,483,000 | |||||||||||||||||||||||||||||||||||||||||||||
total liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 4,353,550,000 | |||||||||||||||||||||||||||||||||||||||||||||
stockholders' equity | ||||||||||||||||||||||||||||||||||||||||||||||
25,301,732 shares issued and 25,128,773 outstanding as of december 31, 2018 | ||||||||||||||||||||||||||||||||||||||||||||||
25,194,903 shares issued and 25,025,933 outstanding as of december 31, 2017 | 112,383,000 | |||||||||||||||||||||||||||||||||||||||||||||
total stockholders' equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 521,615,000 | |||||||||||||||||||||||||||||||||||||||||||||
total liabilities and stockholders' equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 4,875,254,000 | |||||||||||||||||||||||||||||||||||||||||||||
loans, net of allowance for loan losses of 43,610 and 46,262 | 3,037,319,000 | |||||||||||||||||||||||||||||||||||||||||||||
short-term borrowings | ||||||||||||||||||||||||||||||||||||||||||||||
other short-term borrowings | 70,000,000 | 75,000,000 | 105,000,000 | 110,000,000 | 25,000,000 | 30,000,000 | 215,000,000 | |||||||||||||||||||||||||||||||||||||||
total short-term borrowings | 139,622,000 | 80,414,000 | 126,615,000 | 60,517,000 | 160,407,000 | 202,961,000 | 114,361,000 | 121,883,000 | 141,990,000 | 174,052,000 | 354,051,000 | |||||||||||||||||||||||||||||||||||
long-term borrowings | 34,000 | 34,000 | 34,000 | 34,000 | 35,000 | 35,000 | 35,000 | 15,038,000 | 15,040,000 | 15,041,000 | 40,042,000 | |||||||||||||||||||||||||||||||||||
16,641,651 shares issued and 16,546,044 outstanding as of december 31, 2015 | ||||||||||||||||||||||||||||||||||||||||||||||
16,550,324 shares issued and 16,465,621 outstanding as of december 31, 2014 | 99,123,000 | 98,216,000 | 96,865,000 | 96,068,000 | ||||||||||||||||||||||||||||||||||||||||||
total stockholders' equity | 392,812,000 | 386,611,000 | 375,675,000 | 370,750,000 | 361,296,000 | 343,486,000 | 332,002,000 | 297,739,000 | 273,200,000 | 246,997,000 | 279,994,000 | |||||||||||||||||||||||||||||||||||
total liabilities and stockholders' equity | 3,766,286,000 | 3,443,284,000 | 3,064,144,000 | 2,889,688,000 | 2,681,926,000 | 2,571,505,000 | ||||||||||||||||||||||||||||||||||||||||
loans, net of allowance for loan losses of 44,694 and 46,262 | 2,927,586,000 | |||||||||||||||||||||||||||||||||||||||||||||
16,636,069 shares issued and 16,540,957 outstanding as of september 30, 2015 | ||||||||||||||||||||||||||||||||||||||||||||||
loans, net of allowance for loan losses of 44,816 and 46,262 | 2,848,646,000 | |||||||||||||||||||||||||||||||||||||||||||||
16,618,188 shares issued and 16,528,197 outstanding as of june 30, 2015 | ||||||||||||||||||||||||||||||||||||||||||||||
loans, net of allowance for loan losses of 45,677 and 46,262 | 2,726,536,000 | |||||||||||||||||||||||||||||||||||||||||||||
16,610,688 shares issued and 16,521,255 outstanding as of march 31, 2015 | ||||||||||||||||||||||||||||||||||||||||||||||
loans, net of allowance for loan losses of 46,262 and 48,797 | 2,716,058,000 | |||||||||||||||||||||||||||||||||||||||||||||
16,475,716 shares issued and 16,377,449 outstanding as of december 31, 2013 | 96,121,000 | 94,205,000 | 93,789,000 | |||||||||||||||||||||||||||||||||||||||||||
loans, net of allowance for loan losses of 45,605 and 48,797 | 2,627,722,000 | |||||||||||||||||||||||||||||||||||||||||||||
16,538,617 shares issued and 16,459,359 outstanding as of june 30, 2014 | ||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive income/ | 3,352,000 | |||||||||||||||||||||||||||||||||||||||||||||
loans, net of allowance for loan losses of 46,137 and 48,797 | 2,528,053,000 | |||||||||||||||||||||||||||||||||||||||||||||
16,533,617 shares issued and 16,433,341 outstanding as of march 31, 2014 | ||||||||||||||||||||||||||||||||||||||||||||||
earning assets: | ||||||||||||||||||||||||||||||||||||||||||||||
loans: | ||||||||||||||||||||||||||||||||||||||||||||||
taxable | 73,469,000 | 51,986,000 | 26,191,000 | 78,555,000 | 52,165,000 | 25,865,000 | 77,676,000 | 51,295,000 | 25,350,000 | |||||||||||||||||||||||||||||||||||||
tax exempt | 459,000 | 334,000 | 167,000 | 529,000 | 360,000 | 179,000 | 85,000 | 54,000 | 28,000 | |||||||||||||||||||||||||||||||||||||
investments: | ||||||||||||||||||||||||||||||||||||||||||||||
available for sale | 7,036,000 | 7,492,000 | 3,778,000 | 13,745,000 | 9,488,000 | 5,092,000 | 15,390,000 | 10,371,000 | 5,196,000 | |||||||||||||||||||||||||||||||||||||
total earning assets | 81,010,000 | 59,839,000 | 30,147,000 | 92,943,000 | 62,109,000 | 31,155,000 | 93,211,000 | 61,761,000 | 30,587,000 | |||||||||||||||||||||||||||||||||||||
nonearning assets: | ||||||||||||||||||||||||||||||||||||||||||||||
premises and equipment | ||||||||||||||||||||||||||||||||||||||||||||||
other nonearning assets | ||||||||||||||||||||||||||||||||||||||||||||||
less allowance for loan losses | ||||||||||||||||||||||||||||||||||||||||||||||
loans, net of allowance for loan losses of 51,445 and 53,400 | 2,206,075,000 | |||||||||||||||||||||||||||||||||||||||||||||
accrued income receivable | 8,491,000 | 9,612,000 | 9,074,000 | 8,600,000 | ||||||||||||||||||||||||||||||||||||||||||
other intangible assets | 47,000 | 99,000 | 153,000 | 207,000 | ||||||||||||||||||||||||||||||||||||||||||
accrued expenses payable | 15,321,000 | 13,550,000 | 11,476,000 | 14,040,000 | ||||||||||||||||||||||||||||||||||||||||||
16,377,247 shares issued and 16,290,136 outstanding as of december 31, 2012 | ||||||||||||||||||||||||||||||||||||||||||||||
16,217,019 shares issued and 16,145,772 outstanding as of december 31, 2011 | 90,039,000 | |||||||||||||||||||||||||||||||||||||||||||||
loans, net of allowance for loan losses of 53,400 and 45,007 | 2,180,309,000 | |||||||||||||||||||||||||||||||||||||||||||||
u.s. treasury demand notes | 2,037,000 | 2,333,000 | ||||||||||||||||||||||||||||||||||||||||||||
16,169,119 shares issued and 16,078,420 outstanding as of december 31, 2010 | 87,380,000 | |||||||||||||||||||||||||||||||||||||||||||||
loans, net of allowance for loan losses of 45,007 and 32,073 | 2,044,952,000 | |||||||||||||||||||||||||||||||||||||||||||||
cumulative perpetual preferred stock: 1,000,000 shares authorized, no par value, | ||||||||||||||||||||||||||||||||||||||||||||||
56,044 liquidation value, 56,044 shares issued and outstanding as of december 31, 2009 | 54,095,000 | |||||||||||||||||||||||||||||||||||||||||||||
16,078,461 shares issued and 15,977,352 outstanding as of december 31, 2009 | 85,766,000 | |||||||||||||||||||||||||||||||||||||||||||||
loans, net of allowance for loan losses of 32,073 and 18,860 | 1,979,937,000 | |||||||||||||||||||||||||||||||||||||||||||||
12,373,080 shares issued and 12,266,849 outstanding as of december 31, 2008 | 83,487,000 | |||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive loss | -5,993,000 |
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 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-06-30 | 2014-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities: | |||||||||||||||||||||||||||
net income | 26,478,000 | 29,906,000 | 26,404,000 | 26,966,000 | 20,085,000 | 24,190,000 | 23,338,000 | 22,549,000 | 23,401,000 | 29,626,000 | 25,252,000 | 14,611,000 | 24,278,000 | 25,977,000 | 28,525,000 | 25,673,000 | 23,642,000 | 24,283,000 | 24,119,000 | 24,348,000 | 22,983,000 | 12,286,000 | 11,565,000 | 11,380,000 | 11,136,000 | 11,312,000 | 9,912,000 |
adjustments to reconcile net income to net cash from operating activities: | |||||||||||||||||||||||||||
depreciation | 1,496,000 | 1,529,000 | 1,503,000 | 1,467,000 | 1,479,000 | 1,478,000 | 1,464,000 | 1,477,000 | 1,534,000 | 1,594,000 | 1,510,000 | 1,531,000 | 1,538,000 | 1,526,000 | 1,474,000 | 1,504,000 | 1,516,000 | 1,550,000 | 1,502,000 | 1,478,000 | 1,575,000 | 910,000 | 933,000 | 959,000 | 956,000 | 827,000 | 830,000 |
provision for credit losses | 2,000,000 | 0 | 2,000,000 | 3,000,000 | 6,800,000 | 3,691,000 | 3,059,000 | 8,480,000 | 1,520,000 | ||||||||||||||||||
amortization of loan servicing rights | 103,000 | 127,000 | 104,000 | 106,000 | 132,000 | 132,000 | 109,000 | 145,000 | 153,000 | 133,000 | 174,000 | 198,000 | 162,000 | 223,000 | 585,000 | 992,000 | 507,000 | 198,000 | 137,000 | 137,000 | 137,000 | 142,000 | 132,000 | 130,000 | |||
loans originated for sale, including participations | -3,083,000 | -3,289,000 | -6,435,000 | -5,923,000 | -2,533,000 | -6,570,000 | -6,222,000 | -3,642,000 | -4,535,000 | -2,481,000 | -1,854,000 | -3,471,000 | -795,000 | -1,393,000 | -4,191,000 | -10,614,000 | -12,468,000 | -28,022,000 | -32,077,000 | -32,629,000 | |||||||
net gain on sales of loans | -155,000 | -142,000 | -179,000 | -161,000 | -85,000 | -214,000 | -89,000 | -145,000 | -108,000 | -68,000 | -97,000 | -93,000 | -34,000 | -70,000 | -181,000 | -264,000 | -513,000 | -767,000 | -839,000 | -1,537,000 | -1,233,000 | -351,000 | -485,000 | -453,000 | -361,000 | -301,000 | -192,000 |
proceeds from sale of loans, including participations | 4,822,000 | 1,389,000 | 7,477,000 | 5,702,000 | 2,986,000 | 8,179,000 | 3,541,000 | 5,004,000 | 4,112,000 | 1,947,000 | 2,654,000 | 2,749,000 | 672,000 | 2,155,000 | 5,869,000 | 10,372,000 | 18,058,000 | 27,667,000 | 45,296,000 | 25,692,000 | |||||||
net securities amortization | 870,000 | 971,000 | 1,030,000 | 1,013,000 | 1,000,000 | 1,158,000 | 1,245,000 | 1,129,000 | 1,264,000 | 1,183,000 | 1,363,000 | 1,177,000 | 1,192,000 | 1,525,000 | 1,572,000 | 1,591,000 | 1,654,000 | 1,348,000 | 1,151,000 | 958,000 | 1,018,000 | 1,093,000 | 1,160,000 | 1,193,000 | 1,403,000 | 1,490,000 | |
stock based compensation expense | 2,375,000 | 2,443,000 | 3,546,000 | 336,000 | 2,232,000 | 1,451,000 | 1,260,000 | 995,000 | 880,000 | 1,861,000 | 2,185,000 | -2,554,000 | 2,161,000 | 1,098,000 | 2,093,000 | 2,360,000 | 2,260,000 | 1,023,000 | 1,785,000 | 2,969,000 | 1,381,000 | 734,000 | 880,000 | 568,000 | 353,000 | 631,000 | 597,000 |
earnings on life insurance | -976,000 | -1,327,000 | -1,567,000 | -1,040,000 | -322,000 | -1,216,000 | -366,000 | -640,000 | -382,000 | -221,000 | -360,000 | -375,000 | -337,000 | -372,000 | |||||||||||||
gain on life insurance | -171,000 | -1,000 | 0 | 0 | 0 | -243,000 | -11,000 | -202,000 | 0 | -202,000 | |||||||||||||||||
tax expense of stock award issuances | 71,000 | 0 | 0 | 0 | 136,000 | ||||||||||||||||||||||
net change: | |||||||||||||||||||||||||||
interest receivable and other assets | -5,616,000 | -1,659,000 | 5,712,000 | -1,461,000 | -2,754,000 | -3,465,000 | 963,000 | 488,000 | 3,298,000 | -2,783,000 | -1,975,000 | -1,912,000 | 501,000 | -7,929,000 | -2,947,000 | 2,987,000 | -2,822,000 | 238,000 | -3,878,000 | 3,203,000 | -1,415,000 | -463,000 | -10,000 | -8,000 | 83,000 | -319,000 | -299,000 |
interest payable and other liabilities | 6,452,000 | 4,103,000 | -3,359,000 | -13,832,000 | -206,000 | 9,859,000 | -9,656,000 | -5,599,000 | -5,260,000 | -3,923,000 | 21,958,000 | -2,836,000 | -5,122,000 | 3,043,000 | 11,352,000 | 9,842,000 | 16,513,000 | -1,567,000 | 1,795,000 | -7,694,000 | 7,095,000 | -1,237,000 | 2,281,000 | -2,426,000 | 3,848,000 | -3,618,000 | 2,953,000 |
total adjustments | 8,188,000 | 3,817,000 | 9,664,000 | -10,794,000 | 8,839,000 | 14,498,000 | -5,337,000 | -1,547,000 | 1,393,000 | -3,121,000 | 25,319,000 | -5,149,000 | 3,165,000 | 8,515,000 | 15,166,000 | 17,782,000 | 24,062,000 | 3,504,000 | 2,797,000 | 10,810,000 | 924,000 | 388,000 | 5,097,000 | -1,411,000 | 5,340,000 | -394,000 | 4,982,000 |
net cash from operating activities | 34,666,000 | 33,723,000 | 36,068,000 | 16,172,000 | 28,924,000 | 38,688,000 | 18,001,000 | 21,002,000 | 24,794,000 | 26,505,000 | 50,571,000 | 9,462,000 | 27,443,000 | 34,492,000 | 43,691,000 | 43,455,000 | 47,704,000 | 27,787,000 | 26,916,000 | 35,158,000 | 23,907,000 | 12,674,000 | 16,662,000 | 9,969,000 | 16,476,000 | 10,918,000 | 14,894,000 |
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 |
free cash flows | 34,666,000 | 33,723,000 | 36,068,000 | 16,172,000 | 28,924,000 | 38,688,000 | 18,001,000 | 21,002,000 | 24,794,000 | 26,505,000 | 50,571,000 | 9,462,000 | 27,443,000 | 34,492,000 | 43,691,000 | 43,455,000 | 47,704,000 | 27,787,000 | 26,916,000 | 35,158,000 | 23,907,000 | 12,674,000 | 16,662,000 | 9,969,000 | 16,476,000 | 10,918,000 | 14,894,000 |
cash flows from investing activities: | |||||||||||||||||||||||||||
proceeds from maturities, calls and principal paydowns of securities available-for-sale | 18,120,000 | 18,699,000 | 16,882,000 | 16,598,000 | 14,655,000 | 15,100,000 | 15,652,000 | 15,380,000 | 13,537,000 | 15,003,000 | 17,944,000 | 19,386,000 | 19,500,000 | 22,128,000 | 26,384,000 | 29,970,000 | 29,647,000 | 35,413,000 | 35,823,000 | 34,842,000 | 31,734,000 | ||||||
purchases of securities available-for-sale | -5,084,000 | -23,043,000 | -27,469,000 | -10,625,000 | -22,210,000 | -2,864,000 | 0 | -268,000 | -4,046,000 | -1,367,000 | 0 | -21,778,000 | -292,127,000 | -194,637,000 | -202,684,000 | -276,456,000 | -161,224,000 | ||||||||||
purchase of life insurance | -53,000 | -54,000 | -48,000 | -12,554,000 | -211,000 | -49,000 | -41,000 | -48,000 | -193,000 | -36,000 | -31,000 | -38,000 | -153,000 | -10,081,000 | -70,000 | -614,000 | -43,000 | -63,000 | -62,000 | -58,000 | -528,000 | -2,369,000 | -52,000 | -59,000 | -149,000 | -38,000 | -86,000 |
net decrease in total loans | -100,090,000 | -125,903,000 | -22,176,000 | -32,487,000 | -105,600,000 | -37,316,000 | -29,792,000 | -55,731,000 | -81,337,000 | ||||||||||||||||||
purchases of land, premises and equipment | -4,715,000 | -2,204,000 | -5,011,000 | -2,120,000 | -1,787,000 | -1,989,000 | -2,679,000 | -2,425,000 | -1,541,000 | -981,000 | -1,187,000 | -1,668,000 | -2,155,000 | -1,143,000 | -1,364,000 | -1,223,000 | -1,091,000 | -902,000 | -1,970,000 | -1,133,000 | -2,162,000 | -3,582,000 | -2,264,000 | -1,907,000 | -1,414,000 | -1,120,000 | -1,070,000 |
net cash from investing activities | -91,822,000 | -131,259,000 | -37,822,000 | -41,187,000 | -115,153,000 | -51,693,000 | -15,220,000 | -35,463,000 | -61,859,000 | -32,533,000 | 10,544,000 | -83,303,000 | 50,360,000 | -192,211,000 | -40,467,000 | -64,627,000 | -329,219,000 | -213,838,000 | -53,419,000 | -120,249,000 | 55,960,000 | -121,217,000 | -85,212,000 | -121,647,000 | -11,031,000 | -101,848,000 | -42,510,000 |
cash flows from financing activities: | |||||||||||||||||||||||||||
net increase in total deposits | 216,910,000 | -50,968,000 | -152,515,000 | 216,639,000 | 59,228,000 | 63,653,000 | 73,776,000 | 145,452,000 | -102,440,000 | 63,450,000 | 234,016,000 | -94,669,000 | 57,108,000 | -203,513,000 | 42,549,000 | -199,039,000 | 85,216,000 | 320,769,000 | 19,974,000 | 164,694,000 | 193,165,000 | 127,383,000 | 25,912,000 | 121,119,000 | 88,971,000 | 192,706,000 | |
net increase in other borrowings | 4,000,000 | ||||||||||||||||||||||||||
net proceeds from (payments on) short-term fhlb borrowings | -120,000,000 | ||||||||||||||||||||||||||
proceeds from long-term fhlb borrowings | 0 | 0 | 0 | 1,200,000 | |||||||||||||||||||||||
common dividends paid | -13,206,000 | -12,852,000 | -12,852,000 | -12,864,000 | -12,847,000 | -12,328,000 | -12,329,000 | -12,325,000 | -12,299,000 | -11,783,000 | -11,782,000 | -11,780,000 | -11,749,000 | -10,214,000 | -10,214,000 | -10,212,000 | -10,198,000 | -8,667,000 | -8,664,000 | -8,662,000 | -8,647,000 | -4,076,000 | -4,074,000 | -4,070,000 | -3,477,000 | -3,473,000 | -3,131,000 |
payments related to equity incentive plans | -1,292,000 | 0 | 0 | -1,493,000 | 0 | -80,000 | -2,516,000 | 0 | 0 | -3,124,000 | -52,000 | 0 | -1,728,000 | -170,000 | 0 | -1,648,000 | 252,000 | 207,000 | -597,000 | -199,000 | |||||||
purchase of treasury stock | -19,608,000 | -18,162,000 | -224,000 | -1,790,000 | -215,000 | -86,000 | -215,000 | -83,000 | -208,000 | -84,000 | -206,000 | -81,000 | -204,000 | -74,000 | -220,000 | -73,000 | -212,000 | -63,000 | -214,000 | -63,000 | -219,000 | -23,000 | -219,000 | -22,000 | -191,000 | -21,000 | -209,000 |
sale of treasury stock | 358,000 | 0 | 0 | 375,000 | 0 | 0 | 391,000 | 0 | 0 | 405,000 | 0 | 0 | 221,000 | ||||||||||||||
net cash from financing activities | 67,162,000 | 46,018,000 | -115,591,000 | 99,972,000 | 153,248,000 | 21,020,000 | 36,232,000 | -12,049,000 | 32,928,000 | 11,572,000 | -87,972,000 | 93,457,000 | -54,564,000 | 83,199,000 | 32,063,000 | -284,337,000 | 73,299,000 | 312,058,000 | 10,926,000 | 155,956,000 | 172,151,000 | 91,146,000 | 77,141,000 | 88,112,000 | 16,963,000 | 174,193,000 | 41,650,000 |
net change in cash and cash equivalents | 10,006,000 | -51,518,000 | -117,344,000 | 74,956,000 | 67,019,000 | 8,015,000 | 39,013,000 | -26,510,000 | -4,137,000 | 5,544,000 | -26,857,000 | 19,616,000 | 23,239,000 | -74,520,000 | 35,287,000 | -305,509,000 | -208,216,000 | 126,007,000 | -15,577,000 | 70,865,000 | 252,018,000 | -17,397,000 | 8,591,000 | -23,566,000 | 22,408,000 | 83,263,000 | 14,034,000 |
cash and cash equivalents at beginning of the period | 141,318,000 | 0 | 0 | 168,205,000 | 0 | 0 | 151,824,000 | 0 | 0 | 130,282,000 | 0 | 0 | 683,240,000 | 0 | 0 | 249,927,000 | 0 | 0 | 90,638,000 | 0 | 63,105,000 | ||||||
cash and cash equivalents at end of the period | 151,324,000 | -117,344,000 | 74,956,000 | 235,224,000 | 39,013,000 | -26,510,000 | 147,687,000 | -26,857,000 | 19,616,000 | 153,521,000 | 35,287,000 | -305,509,000 | 475,024,000 | -15,577,000 | 70,865,000 | 501,945,000 | 8,591,000 | -23,566,000 | 113,046,000 | 83,263,000 | 77,139,000 | ||||||
cash paid during the period for: | |||||||||||||||||||||||||||
interest | 35,491,000 | 36,575,000 | 40,182,000 | 44,212,000 | 37,998,000 | 44,344,000 | 46,315,000 | 44,609,000 | 49,988,000 | 37,628,000 | 33,886,000 | 31,549,000 | 25,462,000 | 17,530,000 | 9,815,000 | 5,298,000 | 3,470,000 | 3,612,000 | 4,509,000 | 4,377,000 | 5,973,000 | 4,107,000 | 4,464,000 | 3,897,000 | 3,318,000 | 3,638,000 | 3,570,000 |
income taxes | 97,000 | 2,750,000 | 2,000,000 | 6,650,000 | 5,420,000 | 4,800,000 | 2,150,000 | 6,800,000 | 6,715,000 | 5,310,000 | 6,375,000 | 6,150,000 | 5,552,000 | 9,760,000 | 104,000 | 9,720,000 | 465,000 | ||||||||||
supplemental non-cash disclosures: | |||||||||||||||||||||||||||
right-of-use assets obtained in exchange for lease liabilities | 0 | 906,000 | 0 | 20,000 | 0 | 0 | 0 | 0 | 1,612,000 | ||||||||||||||||||
net loss on sale and write down of other real estate owned | |||||||||||||||||||||||||||
net change in loan servicing rights valuation allowance | -7,000 | -7,000 | -341,000 | -360,000 | 0 | 0 | -197,000 | ||||||||||||||||||||
net gain on visa shares | |||||||||||||||||||||||||||
net loss on sale of premises and equipment | |||||||||||||||||||||||||||
net loss on sales and calls of securities available-for-sale | 0 | 0 | 0 | 46,000 | |||||||||||||||||||||||
proceeds from sale of securities available-for-sale | 0 | 0 | 0 | 7,136,000 | 2,348,000 | 2,876,000 | 12,480,000 | 87,471,000 | |||||||||||||||||||
proceeds from sales of visa shares | |||||||||||||||||||||||||||
proceeds from maturities, calls and principal paydowns of securities held-to-maturity | -1,000 | 0 | 1,000 | 5,000 | 25,000 | 0 | |||||||||||||||||||||
proceeds from sales of land, premises and equipment | 5,000 | 0 | 2,000 | 2,000 | 3,000 | 3,000 | 0 | 0 | 2,000 | 11,000 | 2,000 | 3,000 | 2,000 | 4,000 | 0 | 2,000 | 2,000 | 675,000 | 18,000 | 6,000 | |||||||
purchases of federal home loan bank stock | |||||||||||||||||||||||||||
proceeds from sales of other real estate owned | 13,000 | ||||||||||||||||||||||||||
proceeds from life insurance | 0 | 0 | 0 | 536,000 | 12,000 | 400,000 | 202,000 | 329,000 | |||||||||||||||||||
payments on short-term fhlb borrowings,net | |||||||||||||||||||||||||||
proceeds from (payments on) short-term fhlb borrowings | 150,000,000 | ||||||||||||||||||||||||||
preferred dividends paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||
payments related to equity incentive plan | |||||||||||||||||||||||||||
sales of treasury stock | |||||||||||||||||||||||||||
cash and cash equivalents at beginning of the year | |||||||||||||||||||||||||||
cash and cash equivalents at end of the year | |||||||||||||||||||||||||||
cash paid during the year for: | |||||||||||||||||||||||||||
loans transferred to other real estate owned | 0 | 0 | 0 | 0 | 762,000 | 131,000 | 52,000 | 607,000 | 0 | 194,000 | 108,000 | 737,000 | |||||||||||||||
net loss on sales of premises and equipment | 28,000 | 19,000 | 42,000 | 13,000 | |||||||||||||||||||||||
proceeds from sale of visa shares | 1,638,000 | ||||||||||||||||||||||||||
net increase in short-term borrowings | -25,000,000 | 0 | 0 | 0 | -22,000,000 | 0 | 0 | 0 | -10,500,000 | ||||||||||||||||||
proceeds from short-term fhlb borrowings | 107,000,000 | 200,000,000 | -75,000,000 | ||||||||||||||||||||||||
net payments on short-term fhlb borrowings | 0 | ||||||||||||||||||||||||||
net loss on visa shares | 0 | 15,000 | |||||||||||||||||||||||||
tax benefit of stock award issuances | -7,000 | 0 | -7,000 | -201,000 | 2,000 | 0 | 0 | -720,000 | 0 | -14,000 | 0 | -500,000 | -64,000 | 0 | 0 | -266,000 | |||||||||||
proceeds from redemption of federal home loan bank stock | 0 | 0 | 0 | 932,000 | 0 | 0 | |||||||||||||||||||||
payments on short-term fhlb borrowings | |||||||||||||||||||||||||||
payments on long-term fhlb borrowings | 0 | 0 | |||||||||||||||||||||||||
purchase of federal home loan bank stock | 0 | ||||||||||||||||||||||||||
losses on life insurance | -890,000 | -1,036,000 | |||||||||||||||||||||||||
proceeds from sales of other real estate | 779,000 | 621,000 | 241,000 | 16,000 | |||||||||||||||||||||||
property transferred to held-for-sale | |||||||||||||||||||||||||||
benefit from credit losses | 400,000 | 800,000 | 4,350,000 | 8,958,000 | 417,000 | ||||||||||||||||||||||
net (gain) loss on sales of premises and equipment | 4,000 | 3,000 | -4,000 | 0 | 1,000 | 5,000 | 0 | -1,000 | |||||||||||||||||||
net income on sales and calls of securities available-for-sale | |||||||||||||||||||||||||||
losses (earnings) on life insurance | -1,009,000 | -693,000 | -691,000 | -54,000 | 183,000 | 83,000 | -756,000 | ||||||||||||||||||||
net increase in total loans | -9,058,000 | -107,573,000 | -50,273,000 | -224,152,000 | -65,420,000 | -70,988,000 | -66,537,000 | -53,663,000 | 114,291,000 | 121,729,000 | 174,303,000 | -109,785,000 | -79,547,000 | -122,110,000 | -10,672,000 | -99,248,000 | -47,325,000 | ||||||||||
net gain on sales and calls of securities available-for-sale | -3,000 | -16,000 | 0 | -44,000 | -753,000 | ||||||||||||||||||||||
securities purchases payable | 2,146,000 | -35,623,000 | 34,750,000 | 5,855,000 | |||||||||||||||||||||||
net income on sale and write down of other real estate owned | |||||||||||||||||||||||||||
net (gain) loss on sale of premises and equipment | |||||||||||||||||||||||||||
net (gain) loss on sales and calls of securities available-for-sale | |||||||||||||||||||||||||||
proceeds from sale of securities available- for-sale | 0 | 0 | 458,000 | 13,506,000 | |||||||||||||||||||||||
property transferred to held for sale | |||||||||||||||||||||||||||
gain on sale and write down of other real estate owned | -16,000 | ||||||||||||||||||||||||||
net income on sales of premises and equipment | |||||||||||||||||||||||||||
provision (reversal) for credit losses | |||||||||||||||||||||||||||
loans originated for sale | -11,267,000 | -19,565,000 | -21,791,000 | -16,679,000 | -19,216,000 | -7,035,000 | |||||||||||||||||||||
proceeds from sale of loans | 11,333,000 | 20,118,000 | 20,857,000 | 16,249,000 | 20,377,000 | 6,892,000 | |||||||||||||||||||||
net amortization of available -for-sale securities | |||||||||||||||||||||||||||
payments on subordinated debentures | |||||||||||||||||||||||||||
benefit from credit losses* | 1,300,000 | -1,700,000 | 1,477,000 | ||||||||||||||||||||||||
| |||||||||||||||||||||||||||
benefit from loan losses | |||||||||||||||||||||||||||
proceeds from sale of securities available for sale | 0 | 0 | 0 | 7,787,000 | |||||||||||||||||||||||
provision for loan losses | |||||||||||||||||||||||||||
net increase in short-term fhlb borrowings | |||||||||||||||||||||||||||
net income on sale of premises and equipment | |||||||||||||||||||||||||||
net (gain) loss on sales and calls of securities available for sale | 0 | ||||||||||||||||||||||||||
net cash from operating activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | |||||||||||||||||||||||||||
proceeds from maturities, calls and principal paydowns of | |||||||||||||||||||||||||||
securities available for sale | 15,276,000 | 21,721,000 | 18,218,000 | 19,464,000 | 14,941,000 | 14,277,000 | |||||||||||||||||||||
purchases of securities available for sale | -21,582,000 | -26,366,000 | -17,793,000 | -26,069,000 | -15,997,000 | -13,457,000 | |||||||||||||||||||||
net cash from investing activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | |||||||||||||||||||||||||||
net increase/(decrease) in short-term borrowings | |||||||||||||||||||||||||||
proceeds on long-term borrowings | |||||||||||||||||||||||||||
payments on long-term borrowings | |||||||||||||||||||||||||||
proceeds (payments) related to equity incentive plans | |||||||||||||||||||||||||||
net cash from financing activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | |||||||||||||||||||||||||||
cash and cash equivalents at end of the year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | |||||||||||||||||||||||||||
security purchased not settled | |||||||||||||||||||||||||||
amortization of intangible assets | |||||||||||||||||||||||||||
tax benefit of stock option exercises | -22,000 | -70,000 | -44,000 | -12,000 | -21,000 | -13,000 | |||||||||||||||||||||
proceeds from loans sold to others | |||||||||||||||||||||||||||
net increase/(decrease) in total deposits | |||||||||||||||||||||||||||
proceeds related to equity incentive plans | |||||||||||||||||||||||||||
adjustments to reconcile net income to net cash from operating | |||||||||||||||||||||||||||
activities: | |||||||||||||||||||||||||||
net gain on sale of other real estate owned | |||||||||||||||||||||||||||
distribution from life insurance | 0 | 302,000 | |||||||||||||||||||||||||
net decrease in short-term borrowings | -46,201,000 | 66,098,000 | -99,890,000 | -147,515,000 | |||||||||||||||||||||||
net (gain) loss on sale and write down of other real estate owned | -2,000 | -12,000 | |||||||||||||||||||||||||
net gain on sales of premises and equipment | |||||||||||||||||||||||||||
net gain on sales and calls of securities available for sale | 0 | -42,000 | |||||||||||||||||||||||||
(gain) loss on sale and write down of other real estate owned | |||||||||||||||||||||||||||
net (gain) loss on securities available for sale | |||||||||||||||||||||||||||
impairment on available for sale securities | |||||||||||||||||||||||||||
loans transferred to other real estate | |||||||||||||||||||||||||||
loss on sale and write down of other real estate owned | 57,000 | 1,000 | |||||||||||||||||||||||||
loans sold or participated to others | 4,836,000 | ||||||||||||||||||||||||||
stock compensation expense | |||||||||||||||||||||||||||
accrued income receivable | |||||||||||||||||||||||||||
accrued expenses payable | |||||||||||||||||||||||||||
other assets | |||||||||||||||||||||||||||
other liabilities | |||||||||||||||||||||||||||
proceeds from stock option exercise | |||||||||||||||||||||||||||
redemption of preferred stock | |||||||||||||||||||||||||||
death benefit received on life insurance | |||||||||||||||||||||||||||
proceeds from long-term borrowings | |||||||||||||||||||||||||||
proceeds from issuance of preferred stock and warrant | |||||||||||||||||||||||||||
proceeds from issuance of common stock | |||||||||||||||||||||||||||
cash and cash equivalents at end of the | |||||||||||||||||||||||||||
net gain on sales of securities available for sale | |||||||||||||||||||||||||||
net income on sales of securities available for sale | |||||||||||||||||||||||||||
net gain on sale of visa redemption shares | |||||||||||||||||||||||||||
net gain on securities available for sale | |||||||||||||||||||||||||||
net (gain)loss on sales of premises and equipment | |||||||||||||||||||||||||||
net gain on calls of securities available for sale |
