TriCo Bancshares(NASDAQ:TCBK) 
TriCo Bancshares operates as a bank holding company for Tri Counties Bank that provides commercial banking services to individual and corporate customers. The company accepts demand, savings, and time deposits. It also provides small business loans; real estate mortgage loans, such as residential an...
Website: http://www.tcbk.com
Founded: 1975
Full Time Employees: 1,093
Sector: Financial Services
Industry: Banks-Regional
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At a glance:
Bull Thesis:
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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 | 2020-09-30 | 2020-03-31 | 2019-09-30 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2012-12-31 | 2012-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
interest and dividend income: | |||||||||||||||||||||||||||
loans, including fees | 100,349,000 | 102,231,000 | 101,004,000 | 98,695,000 | 95,378,000 | 97,692,000 | 98,085,000 | 98,229,000 | 96,485,000 | 95,842,000 | 91,707,000 | 86,747,000 | 82,415,000 | 112,669,000 | 58,039,000 | 56,258,000 | 56,999,000 | 55,662,000 | 53,102,000 | 39,304,000 | 38,049,000 | 38,194,000 | 37,268,000 | 36,418,000 | 34,914,000 | 24,929,000 | |
investments: | |||||||||||||||||||||||||||
taxable securities | 13,788,000 | 14,024,000 | 14,945,000 | 14,548,000 | 15,373,000 | 16,034,000 | 16,812,000 | 16,617,000 | 17,449,000 | 18,178,000 | 18,657,000 | 18,477,000 | 18,622,000 | 37,565,000 | 6,153,000 | 8,211,000 | 9,864,000 | 10,048,000 | 9,189,000 | 7,438,000 | 7,322,000 | ||||||
tax exempt securities | 866,000 | 866,000 | 872,000 | 879,000 | 884,000 | 886,000 | 897,000 | 915,000 | 917,000 | 1,200,000 | 1,350,000 | 1,262,000 | 1,307,000 | 2,495,000 | 848,000 | 904,000 | 961,000 | 1,073,000 | 1,189,000 | 1,042,000 | 1,041,000 | ||||||
dividends | 874,000 | 380,000 | 376,000 | 373,000 | 379,000 | 379,000 | 376,000 | 387,000 | 380,000 | 359,000 | 333,000 | 298,000 | 304,000 | 330,000 | 223,000 | 361,000 | 308,000 | 612,000 | 459,000 | 298,000 | 336,000 | 304,000 | 301,000 | 328,000 | 391,000 | 13,000 | |
interest bearing cash at federal reserve and other banks | 1,950,000 | 2,646,000 | 2,790,000 | 1,866,000 | 2,063,000 | 1,851,000 | 1,177,000 | 884,000 | 186,000 | 330,000 | 333,000 | 374,000 | 259,000 | 3,343,000 | 175,000 | 783,000 | 757,000 | 670,000 | 615,000 | ||||||||
total interest and dividend income | 117,827,000 | 120,147,000 | 119,987,000 | 116,361,000 | 114,077,000 | 116,842,000 | 117,347,000 | 117,032,000 | 115,417,000 | 115,909,000 | 112,380,000 | 107,158,000 | 102,907,000 | 156,402,000 | 65,438,000 | 66,517,000 | 68,889,000 | 68,065,000 | 64,554,000 | 48,478,000 | 47,121,000 | 46,961,000 | 45,913,000 | 45,044,000 | 43,484,000 | 27,164,000 | |
interest expense: | |||||||||||||||||||||||||||
deposits | 25,923,000 | 27,201,000 | 29,201,000 | 28,038,000 | 28,865,000 | 29,888,000 | 30,688,000 | 29,021,000 | 23,529,000 | 21,106,000 | 17,379,000 | 11,457,000 | 5,145,000 | -1,087,000 | 1,412,000 | 2,551,000 | 3,050,000 | 2,594,000 | 2,072,000 | 1,234,000 | 1,096,000 | 1,062,000 | 1,028,000 | 974,000 | 894,000 | 1,184,000 | |
other borrowings | 1,000 | 1,000 | 3,000 | 92,000 | 969,000 | 1,066,000 | 2,144,000 | 4,118,000 | 7,378,000 | 6,394,000 | 5,106,000 | 5,404,000 | 2,809,000 | 408,000 | 4,000 | 5,000 | 334,000 | 639,000 | 1,178,000 | 586,000 | 342,000 | 141,000 | 149,000 | 13,000 | 2,000 | 606,000 | |
junior subordinated debt | 677,000 | 718,000 | 1,228,000 | 1,712,000 | 1,701,000 | 1,798,000 | 1,904,000 | 1,896,000 | 1,774,000 | 1,792,000 | 1,772,000 | 1,696,000 | 1,617,000 | 2,410,000 | 568,000 | 769,000 | 817,000 | 830,000 | 815,000 | 789,000 | 697,000 | 665,000 | 652,000 | 623,000 | 595,000 | 338,000 | |
total interest expense | 26,601,000 | 27,920,000 | 30,432,000 | 29,842,000 | 31,535,000 | 32,752,000 | 34,736,000 | 35,035,000 | 32,681,000 | 29,292,000 | 24,257,000 | 18,557,000 | 9,571,000 | 1,731,000 | 1,984,000 | 3,325,000 | 4,201,000 | 4,063,000 | 4,065,000 | 2,609,000 | 2,135,000 | 1,868,000 | 1,829,000 | 1,610,000 | 1,491,000 | 2,128,000 | |
net interest income | 91,226,000 | 92,227,000 | 89,555,000 | 86,519,000 | 82,542,000 | 84,090,000 | 82,611,000 | 81,997,000 | 82,736,000 | 86,617,000 | 88,123,000 | 88,601,000 | 93,336,000 | 154,671,000 | 63,454,000 | 63,192,000 | 64,688,000 | 64,002,000 | 60,489,000 | 45,869,000 | 44,986,000 | 45,093,000 | 44,084,000 | 43,434,000 | 41,993,000 | 25,036,000 | |
provision for credit losses | 3,325,000 | 3,000,000 | 670,000 | 4,665,000 | 3,728,000 | 1,702,000 | 220,000 | 405,000 | 4,305,000 | 5,990,000 | 4,155,000 | 9,650,000 | 4,195,000 | ||||||||||||||
net interest income after credit loss provision | 87,901,000 | 62,388,250 | 88,885,000 | 81,854,000 | 78,814,000 | 60,603,500 | 82,391,000 | 81,592,000 | 78,431,000 | 63,015,000 | 83,968,000 | 78,951,000 | 89,141,000 | 38,335,500 | 55,805,000 | 55,192,000 | |||||||||||
non-interest income: | |||||||||||||||||||||||||||
service charges and fees | 13,160,000 | 13,366,000 | 13,751,000 | 13,650,000 | 12,678,000 | 13,115,000 | 12,782,000 | 12,796,000 | 12,637,000 | 12,848,000 | 13,075,000 | 12,968,000 | 11,197,000 | 22,002,000 | 10,469,000 | 9,126,000 | 10,590,000 | 10,133,000 | 9,743,000 | 9,228,000 | 9,356,000 | 9,562,000 | 9,475,000 | 9,479,000 | 8,907,000 | 5,952,000 | |
gain on sale of loans | 397,000 | 432,000 | 327,000 | 503,000 | 344,000 | 334,000 | 549,000 | 388,000 | 261,000 | 283,000 | 382,000 | 295,000 | 206,000 | -3,320,000 | 3,035,000 | 891,000 | 1,236,000 | 540,000 | 539,000 | 666,000 | 626,000 | 816,000 | 606,000 | 777,000 | 910,000 | 1,650,000 | |
gain on sale or call of investment securities | 17,000 | ||||||||||||||||||||||||||
asset management and commission income | 2,049,000 | 1,263,750 | 1,932,000 | 1,635,000 | 1,488,000 | 997,250 | 1,502,000 | 1,359,000 | 1,128,000 | 808,250 | 1,141,000 | 1,158,000 | 934,000 | 561,000 | 667,000 | 916,000 | 721,000 | ||||||||||
increase in cash value of life insurance | 816,000 | 862,000 | 871,000 | 842,000 | 820,000 | 837,000 | 786,000 | 831,000 | 803,000 | 876,000 | 684,000 | 788,000 | 802,000 | 655,000 | 773,000 | 720,000 | 773,000 | 722,000 | 732,000 | 656,000 | 608,000 | 642,000 | 732,000 | 626,000 | 685,000 | 450,000 | |
other | 593,000 | 519,000 | 3,250,000 | 456,000 | 1,889,000 | 405,000 | 874,000 | 537,000 | 942,000 | 869,000 | 702,000 | 532,000 | 660,000 | 3,360,000 | 186,000 | 167,000 | 681,000 | 502,000 | 237,000 | 814,000 | 824,000 | 1,674,000 | 484,000 | 1,323,000 | 594,000 | -606,000 | |
total non-interest income | 17,032,000 | 12,792,500 | 18,007,000 | 17,090,000 | 16,073,000 | 12,033,000 | 16,495,000 | 15,866,000 | 15,771,000 | 11,340,000 | 15,984,000 | 15,741,000 | 13,635,000 | 9,653,500 | 15,137,000 | 11,820,000 | 14,108,000 | ||||||||||
non-interest expense: | |||||||||||||||||||||||||||
salaries and related benefits | 36,145,000 | 36,901,000 | 37,729,000 | 38,286,000 | 36,855,000 | 35,326,000 | 35,550,000 | 35,401,000 | 34,304,000 | 34,055,000 | 34,463,000 | 34,714,000 | 32,563,000 | 46,204,000 | 29,321,000 | 27,272,000 | 26,899,000 | 25,014,000 | 25,823,000 | 21,453,000 | 21,652,000 | 20,610,000 | 20,933,000 | 20,494,000 | 20,893,000 | 12,762,000 | |
total non-interest expense | 59,052,000 | 45,285,000 | 60,424,000 | 61,131,000 | 59,585,000 | 43,582,500 | 59,487,000 | 58,339,000 | 56,504,000 | 43,228,750 | 57,878,000 | 61,243,000 | 53,794,000 | 34,253,250 | 46,714,000 | 44,819,000 | 46,344,000 | ||||||||||
income before provision for income taxes | 45,881,000 | 46,576,000 | 46,468,000 | 37,813,000 | 35,302,000 | 38,888,000 | 39,399,000 | 39,119,000 | 37,698,000 | 31,126,250 | 42,074,000 | 33,449,000 | 48,982,000 | 13,735,750 | 24,228,000 | 22,193,000 | 32,781,000 | ||||||||||
provision for income taxes | 12,196,000 | 12,942,000 | 12,449,000 | 10,271,000 | 8,939,000 | 9,854,000 | 10,348,000 | 10,085,000 | 9,949,000 | 10,325,000 | 11,484,000 | 8,557,000 | 13,149,000 | 3,446,500 | 6,622,000 | 6,072,000 | 9,386,000 | 7,334,000 | 6,476,000 | 5,782,000 | 5,440,000 | 14,829,000 | 7,130,000 | 7,647,000 | 7,352,000 | 2,459,000 | |
net income | 33,685,000 | 33,634,000 | 34,019,000 | 27,542,000 | 26,363,000 | 29,034,000 | 29,051,000 | 29,034,000 | 27,749,000 | 26,075,000 | 30,590,000 | 24,892,000 | 35,833,000 | 84,262,000 | 17,606,000 | 16,121,000 | 23,395,000 | 23,211,000 | 16,170,000 | 15,029,000 | 13,910,000 | 2,989,000 | 11,897,000 | 13,589,000 | 12,079,000 | 3,931,000 | |
yoy | 27.77% | 15.84% | 17.10% | -5.14% | -4.99% | 11.35% | -5.03% | 16.64% | -22.56% | -69.05% | 73.75% | 54.41% | 53.17% | 263.03% | 8.88% | 7.27% | 68.19% | 676.55% | 35.92% | 10.60% | 15.16% | 202.65% | |||||
qoq | 0.15% | -1.13% | 23.52% | 4.47% | -9.20% | -0.06% | 0.06% | 4.63% | 6.42% | -14.76% | 22.89% | -30.53% | -57.47% | 378.60% | 9.21% | -31.09% | 0.79% | 43.54% | 7.59% | 8.04% | 365.37% | -74.88% | -12.45% | 12.50% | |||
per share data: | |||||||||||||||||||||||||||
basic earnings per share | 1.05 | 0.67 | 1.04 | 0.84 | 0.8 | 0.648 | 0.88 | 0.88 | 0.83 | 0.688 | 0.92 | 0.75 | 1.08 | 0.343 | 0.59 | 0.53 | |||||||||||
diluted earnings per share | 1.04 | 0.668 | 1.04 | 0.84 | 0.8 | 0.645 | 0.88 | 0.87 | 0.83 | 0.685 | 0.92 | 0.75 | 1.07 | 0.343 | 0.59 | 0.53 | |||||||||||
dividends per share | 0.36 | 0.255 | 0.36 | 0.33 | 0.33 | 0.248 | 0.33 | 0.33 | 0.33 | 0.225 | 0.3 | 0.3 | 0.3 | 0.165 | 0.22 | 0.22 | |||||||||||
gain on sale or exchange of investment securities | -816,500 | -2,124,000 | 4,000 | -1,146,000 | -10,750 | 2,000 | |||||||||||||||||||||
loss on sale or exchange of investment securities | -45,000 | ||||||||||||||||||||||||||
loss on sale of investment securities | -120,000 | -164,000 | |||||||||||||||||||||||||
provision for (reversal of) credit losses | 9,490,750 | 7,649,000 | 8,000,000 | ||||||||||||||||||||||||
gain on sale of investment securities | 1,750 | 7,000 | 107,000 | 207,000 | |||||||||||||||||||||||
provision for (benefit from reversal of) loan losses | -329,000 | ||||||||||||||||||||||||||
net interest income after provision for (benefit from reversal of) loan losses | 65,017,000 | ||||||||||||||||||||||||||
earnings per share: | |||||||||||||||||||||||||||
basic | 0.77 | 0.79 | 0.54 | 0.65 | 0.61 | 0.13 | 0.52 | 0.59 | 0.53 | 0.25 | |||||||||||||||||
diluted | 0.76 | 0.78 | 0.53 | 0.65 | 0.6 | 0.12 | 0.51 | 0.58 | 0.52 | 0.25 | |||||||||||||||||
provision for loan losses | 806,000 | 2,651,000 | 3,996,000 | ||||||||||||||||||||||||
net interest income after provision for loan losses | 63,196,000 | 57,838,000 | 43,550,000 | 21,040,000 | |||||||||||||||||||||||
noninterest income: | |||||||||||||||||||||||||||
commissions on sale of non-deposit investment products | 737,000 | 728,000 | 810,000 | 876,000 | 745,000 | 672,000 | 705,000 | 607,000 | 819,000 | ||||||||||||||||||
total noninterest income | 12,634,000 | 12,186,000 | 12,174,000 | 12,290,000 | 12,478,000 | 12,930,000 | 12,910,000 | 11,703,000 | 8,265,000 | ||||||||||||||||||
noninterest expense: | |||||||||||||||||||||||||||
total noninterest expense | 45,285,000 | 47,378,000 | 37,870,000 | 38,162,000 | 38,076,000 | 37,222,000 | 35,904,000 | 35,822,000 | 22,915,000 | ||||||||||||||||||
income before income taxes | 30,545,000 | 22,646,000 | 20,811,000 | 19,350,000 | 17,818,000 | 19,027,000 | 21,236,000 | 19,431,000 | 6,390,000 | ||||||||||||||||||
interest bearing cash at | |||||||||||||||||||||||||||
federal reserve and other banks | 396,000 | 373,000 | 267,000 | 292,000 | 353,000 | 435,000 | 368,000 | ||||||||||||||||||||
benefit from reversal of provision for loan losses | -638,000 | -236,000 | -796,000 | ||||||||||||||||||||||||
net interest income after benefit from reversal of provision for loan losses | 46,507,000 | 45,222,000 | 44,230,000 | ||||||||||||||||||||||||
investment securities: | |||||||||||||||||||||||||||
taxable | 7,155,000 | 7,011,000 | 6,903,000 | 6,703,000 | 1,746,000 | ||||||||||||||||||||||
tax exempt | 1,041,000 | 1,041,000 | 1,042,000 | 1,041,000 | 108,000 | ||||||||||||||||||||||
provision (reversal of provision) for loan losses | -397,000 | 765,000 | |||||||||||||||||||||||||
net interest income after reversal of provision loan losses | 32,774,750 | 43,319,000 | |||||||||||||||||||||||||
gain on sale of investments securities | 240,250 | 961,000 | |||||||||||||||||||||||||
debt securities: | |||||||||||||||||||||||||||
(benefit from reversal of) provision for loan losses | -1,557,000 |
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 | 2022-03-31 | 2021-06-30 | 2021-03-31 | 2020-09-30 | 2020-06-30 | 2019-09-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-03-31 | 2014-09-30 | 2014-06-30 | 2012-12-31 | 2012-03-31 | 2011-03-31 | 2010-12-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 |
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assets: | |||||||||||||||||||||||||||||||||||||||
cash and due from banks | 102,232,000 | 92,914,000 | 100,693,000 | 130,147,000 | 119,294,000 | 85,409,000 | 110,141,000 | 81,342,000 | 73,322,000 | 81,626,000 | 75,332,000 | 93,485,000 | 77,933,000 | 96,323,000 | 49,705,000 | 86,052,000 | 94,157,000 | 71,034,000 | 78,666,000 | 118,960,000 | 105,103,000 | 119,781,000 | 109,363,000 | 94,661,000 | 87,138,000 | 105,968,000 | 86,815,000 | 86,638,000 | 113,569,000 | 76,702,000 | 74,476,000 | 76,104,000 | 81,086,000 | 74,542,000 | 54,527,000 | 57,254,000 | 47,930,000 | 49,544,000 | 46,348,000 |
cash at federal reserve and other banks | 199,073,000 | 64,100,000 | 198,127,000 | 184,121,000 | 188,956,000 | 59,547,000 | 209,973,000 | 125,216,000 | 9,514,000 | 17,075,000 | 35,767,000 | 25,307,000 | 32,402,000 | 10,907,000 | 985,978,000 | 553,688,000 | 515,365,000 | 581,548,000 | 627,186,000 | 140,087,000 | 213,605,000 | 107,752,000 | 117,180,000 | 89,401,000 | 95,841,000 | 99,460,000 | 101,219,000 | 81,011,000 | 210,137,000 | 312,176,000 | 295,203,000 | 268,279,000 | 667,813,000 | 607,218,000 | 351,767,000 | 313,812,000 | 350,261,000 | 273,100,000 | 262,316,000 |
cash and cash equivalents | 301,305,000 | 157,014,000 | 298,820,000 | 314,268,000 | 308,250,000 | 144,956,000 | 320,114,000 | 206,558,000 | 82,836,000 | 98,701,000 | 111,099,000 | 118,792,000 | 110,335,000 | 107,230,000 | 1,035,683,000 | 639,740,000 | 609,522,000 | 652,582,000 | 705,852,000 | 259,047,000 | 318,708,000 | 227,533,000 | 226,543,000 | 184,062,000 | 182,979,000 | 205,428,000 | 188,034,000 | 167,649,000 | 323,706,000 | 388,878,000 | 369,679,000 | 344,383,000 | 748,899,000 | 681,760,000 | 406,294,000 | 371,066,000 | 398,191,000 | 322,644,000 | 308,664,000 |
investment securities: | |||||||||||||||||||||||||||||||||||||||
marketable equity securities | 2,676,000 | 2,692,000 | 2,681,000 | 2,656,000 | 2,648,000 | 2,609,000 | 2,690,000 | 2,595,000 | 2,606,000 | 2,634,000 | 2,517,000 | 2,598,000 | 2,640,000 | 2,598,000 | 2,801,000 | 2,979,000 | 2,971,000 | 3,032,000 | 3,033,000 | 2,974,000 | 2,910,000 | 2,874,000 | 2,846,000 | 2,868,000 | 2,890,000 | ||||||||||||||
available for sale debt securities, at fair value | 1,765,472,000 | 1,731,931,000 | 1,740,756,000 | 1,815,376,000 | 1,852,350,000 | 1,904,885,000 | 1,979,270,000 | 1,940,783,000 | 2,073,888,000 | 2,152,504,000 | 2,174,337,000 | ||||||||||||||||||||||||||||
held to maturity debt securities, at amortized cost, net of allowance for credit losses of 0 | 85,740,000 | 90,544,000 | 95,446,000 | 101,672,000 | 106,868,000 | 111,866,000 | 117,259,000 | 122,673,000 | 127,811,000 | 133,494,000 | 139,058,000 | ||||||||||||||||||||||||||||
restricted equity securities | 17,250,000 | 17,250,000 | 17,250,000 | 17,250,000 | 17,250,000 | 17,250,000 | 17,250,000 | 17,250,000 | 17,250,000 | 17,250,000 | 17,250,000 | 17,250,000 | 17,250,000 | 17,250,000 | 17,250,000 | 17,250,000 | 17,250,000 | 17,250,000 | 17,250,000 | 17,250,000 | 17,250,000 | 17,250,000 | 17,250,000 | 16,956,000 | 16,956,000 | 16,956,000 | 16,956,000 | 16,956,000 | 16,956,000 | 16,956,000 | 11,582,000 | 11,582,000 | 9,647,000 | 10,508,000 | 9,133,000 | 9,133,000 | 9,157,000 | 9,523,000 | |
loans held for sale | 4,186,000 | 2,695,000 | 2,785,000 | 1,577,000 | 2,028,000 | 709,000 | 1,995,000 | 474,000 | 1,346,000 | 458,000 | 644,000 | 1,058,000 | 226,000 | 1,846,000 | 1,030,000 | 5,723,000 | 3,995,000 | 6,570,000 | 8,352,000 | 7,604,000 | 5,410,000 | 3,687,000 | 3,824,000 | 3,601,000 | 2,149,000 | 4,616,000 | 2,733,000 | 2,537,000 | 1,176,000 | 2,240,000 | 2,724,000 | 1,671,000 | 12,053,000 | 5,869,000 | 2,834,000 | 4,988,000 | 9,455,000 | 4,153,000 | |
loans | 7,068,198,000 | 7,111,087,000 | 7,006,824,000 | 6,958,993,000 | 6,820,774,000 | 6,768,523,000 | 6,683,891,000 | 6,742,526,000 | 6,800,695,000 | 6,794,470,000 | 6,708,666,000 | 6,520,740,000 | 6,422,421,000 | 6,450,447,000 | 5,851,975,000 | 4,944,894,000 | 4,966,977,000 | 4,826,338,000 | 4,801,405,000 | 4,182,348,000 | 4,034,331,000 | 4,022,014,000 | 4,027,436,000 | 3,146,313,000 | 3,069,733,000 | 3,015,165,000 | 2,931,613,000 | 2,826,393,000 | 2,761,192,000 | 2,541,547,000 | 1,765,871,000 | 1,738,586,000 | 1,564,823,000 | 1,511,085,000 | 1,387,660,000 | 1,419,571,000 | |||
allowance for credit losses | -127,939,000 | -125,762,000 | -124,571,000 | -124,455,000 | -128,423,000 | -125,366,000 | -123,760,000 | -123,517,000 | -124,394,000 | -121,522,000 | -115,812,000 | -117,329,000 | -108,407,000 | -105,680,000 | -96,049,000 | -86,062,000 | -85,941,000 | -87,575,000 | -79,739,000 | ||||||||||||||||||||
total loans | 6,940,259,000 | 6,985,325,000 | 6,882,253,000 | 6,834,538,000 | 6,692,351,000 | 6,643,157,000 | 6,560,131,000 | 6,619,009,000 | 6,676,301,000 | 6,672,948,000 | 6,592,854,000 | 6,403,411,000 | 6,314,014,000 | 6,344,767,000 | 5,755,926,000 | 4,858,832,000 | 4,881,036,000 | 4,738,763,000 | 4,721,666,000 | 4,150,811,000 | 4,002,267,000 | 3,989,432,000 | 3,995,833,000 | 3,116,789,000 | 3,039,760,000 | 2,984,842,000 | 2,902,866,000 | 2,798,250,000 | 2,730,175,000 | 2,505,159,000 | 1,727,951,000 | 1,698,618,000 | 1,522,175,000 | 1,465,633,000 | 1,344,436,000 | 1,377,000,000 | 1,414,022,000 | ||
premises and equipment | 68,944,000 | 69,724,000 | 70,509,000 | 70,092,000 | 70,475,000 | 70,287,000 | 70,423,000 | 70,621,000 | 71,001,000 | 71,347,000 | 71,760,000 | 72,619,000 | 72,096,000 | 72,327,000 | 73,692,000 | 79,178,000 | 82,338,000 | 84,856,000 | 85,292,000 | 87,424,000 | 89,275,000 | 89,347,000 | 89,290,000 | 59,014,000 | 58,558,000 | 57,742,000 | 54,995,000 | 51,558,000 | 49,508,000 | 51,522,000 | 32,181,000 | 31,880,000 | 26,985,000 | 19,814,000 | 18,552,000 | 19,120,000 | 18,947,000 | 19,001,000 | 19,178,000 |
cash value of life insurance | 138,070,000 | 137,253,000 | 136,391,000 | 135,520,000 | 134,678,000 | 140,149,000 | 139,312,000 | 138,525,000 | 137,695,000 | 136,892,000 | 136,016,000 | 135,332,000 | 134,544,000 | 133,742,000 | 132,104,000 | 120,287,000 | 119,543,000 | 120,026,000 | 119,254,000 | 117,088,000 | 117,841,000 | 117,318,000 | 116,596,000 | 99,047,000 | 98,391,000 | 97,783,000 | 97,142,000 | 96,410,000 | 95,783,000 | 95,256,000 | 53,596,000 | 53,106,000 | 50,582,000 | 50,853,000 | 50,991,000 | 50,541,000 | 49,972,000 | 49,546,000 | 49,120,000 |
accrued interest receivable | 32,661,000 | 33,652,000 | 32,126,000 | 32,534,000 | 32,536,000 | 34,810,000 | 33,061,000 | 35,527,000 | 35,783,000 | 36,768,000 | 34,595,000 | 32,835,000 | 31,388,000 | 31,856,000 | 22,769,000 | 18,923,000 | 19,442,000 | 19,557,000 | 20,337,000 | 18,205,000 | 20,431,000 | 19,412,000 | 19,592,000 | 14,253,000 | 12,407,000 | 13,772,000 | 12,656,000 | 11,605,000 | 11,236,000 | 11,075,000 | 6,862,000 | 7,008,000 | 6,636,000 | 6,941,000 | 7,131,000 | 7,318,000 | 7,472,000 | 7,715,000 | |
goodwill | 304,442,000 | 304,442,000 | 304,442,000 | 304,442,000 | 304,442,000 | 304,442,000 | 304,442,000 | 304,442,000 | 304,442,000 | 304,442,000 | 304,442,000 | 304,442,000 | 304,442,000 | 304,442,000 | 307,942,000 | 220,872,000 | 220,872,000 | 220,872,000 | 220,872,000 | 220,872,000 | 220,972,000 | 220,972,000 | 220,972,000 | 64,311,000 | 64,311,000 | 64,311,000 | 64,311,000 | 64,311,000 | 64,311,000 | 64,311,000 | 15,519,000 | 15,519,000 | 15,519,000 | 15,519,000 | 15,519,000 | 15,519,000 | 15,519,000 | 15,519,000 | 15,519,000 |
other intangible assets | 4,041,000 | 4,471,000 | 4,953,000 | 5,435,000 | 5,918,000 | 6,432,000 | 7,462,000 | 8,492,000 | 9,522,000 | 10,552,000 | 11,768,000 | 13,358,000 | 15,014,000 | 16,670,000 | 21,776,000 | 14,971,000 | 16,402,000 | 19,264,000 | 20,694,000 | 24,988,000 | 27,849,000 | 29,280,000 | 30,711,000 | 4,496,000 | 4,835,000 | 5,174,000 | 5,513,000 | 5,852,000 | 6,204,000 | 7,641,000 | 726,000 | 779,000 | 1,092,000 | 1,248,000 | 495,000 | 580,000 | 665,000 | 750,000 | 260,000 |
operating leases, right-of-use | 24,812,000 | 25,505,000 | 25,917,000 | 22,158,000 | 22,806,000 | 23,529,000 | 24,716,000 | 25,113,000 | 26,240,000 | 26,133,000 | 27,363,000 | 29,140,000 | 30,000,000 | 26,862,000 | 28,404,000 | 26,365,000 | 27,540,000 | 28,879,000 | 29,842,000 | 28,957,000 | 30,942,000 | ||||||||||||||||||
other assets | 258,353,000 | 259,565,000 | 264,507,000 | 266,465,000 | 266,999,000 | 268,647,000 | 245,765,000 | 246,548,000 | 247,046,000 | 245,966,000 | 273,303,000 | 257,056,000 | 252,566,000 | 257,975,000 | 169,296,000 | 81,899,000 | 88,142,000 | 84,495,000 | 74,182,000 | 72,134,000 | 73,465,000 | 65,986,000 | 70,597,000 | 57,409,000 | 56,274,000 | 55,051,000 | 86,936,000 | 62,635,000 | 66,654,000 | 57,720,000 | 34,571,000 | 34,225,000 | 38,607,000 | 39,474,000 | 40,239,000 | 37,282,000 | 36,185,000 | 36,251,000 | 43,364,000 |
total assets | 9,948,211,000 | 9,822,063,000 | 9,878,836,000 | 9,923,983,000 | 9,819,599,000 | 9,673,728,000 | 9,823,890,000 | 9,741,399,000 | 9,813,767,000 | 9,910,089,000 | 9,897,006,000 | 9,853,421,000 | 9,842,394,000 | 9,930,986,000 | 10,118,328,000 | 8,170,365,000 | 8,031,612,000 | 7,449,799,000 | 7,360,071,000 | 6,384,883,000 | 6,471,852,000 | 6,352,441,000 | 6,318,865,000 | 4,863,153,000 | 4,779,957,000 | 4,761,315,000 | 4,656,435,000 | 4,519,935,000 | 4,527,954,000 | 4,394,956,000 | 2,794,943,000 | 2,724,481,000 | 2,609,269,000 | 2,532,908,000 | 2,195,738,000 | 2,189,789,000 | 2,229,618,000 | 2,224,645,000 | 2,169,587,000 |
liabilities and shareholders’ equity: | |||||||||||||||||||||||||||||||||||||||
liabilities: | |||||||||||||||||||||||||||||||||||||||
deposits: | |||||||||||||||||||||||||||||||||||||||
noninterest-bearing demand | 2,559,060,000 | 2,594,032,000 | 2,544,306,000 | 2,559,788,000 | 2,539,109,000 | 2,548,613,000 | 2,547,736,000 | 2,557,063,000 | 2,600,448,000 | 2,722,689,000 | 2,857,512,000 | 3,073,353,000 | 3,236,696,000 | 3,502,095,000 | 3,583,269,000 | 2,843,783,000 | 2,766,510,000 | 2,517,819,000 | 2,487,120,000 | 1,777,357,000 | 1,761,559,000 | 1,760,580,000 | 1,710,505,000 | 1,369,834,000 | 1,359,996,000 | 1,368,218,000 | 1,283,949,000 | 1,261,355,000 | 1,254,431,000 | 1,178,001,000 | 762,452,000 | 720,743,000 | 684,833,000 | 564,143,000 | 427,116,000 | 424,070,000 | 389,315,000 | 386,617,000 | 378,695,000 |
interest-bearing | 5,844,528,000 | 5,669,869,000 | 5,790,155,000 | 5,816,021,000 | 5,666,223,000 | 5,538,963,000 | 5,489,355,000 | 5,493,167,000 | 5,387,210,000 | 5,111,349,000 | 5,152,131,000 | 5,022,012,000 | 4,789,169,000 | 4,826,918,000 | 5,131,208,000 | 4,148,270,000 | 4,096,890,000 | 3,822,769,000 | 3,761,138,000 | 3,518,050,000 | 3,668,703,000 | 3,605,886,000 | 3,382,612,000 | 2,707,388,000 | 2,724,408,000 | 2,640,913,000 | 2,643,507,000 | 2,617,067,000 | 2,644,453,000 | 2,607,039,000 | 1,674,904,000 | 1,664,453,000 | 1,604,869,000 | 1,605,603,000 | 1,432,796,000 | 1,428,103,000 | 1,499,226,000 | 1,503,332,000 | 1,454,602,000 |
total deposits | 8,403,588,000 | 8,263,901,000 | 8,334,461,000 | 8,375,809,000 | 8,205,332,000 | 8,087,576,000 | 8,037,091,000 | 8,050,230,000 | 7,987,658,000 | 7,834,038,000 | 8,009,643,000 | 8,095,365,000 | 8,025,865,000 | 8,329,013,000 | 8,714,477,000 | 6,992,053,000 | 6,863,400,000 | 6,340,588,000 | 6,248,258,000 | 5,295,407,000 | 5,430,262,000 | 5,366,466,000 | 5,093,117,000 | 4,077,222,000 | 4,084,404,000 | 4,009,131,000 | 3,927,456,000 | 3,878,422,000 | 3,898,884,000 | 3,785,040,000 | 2,437,356,000 | 2,385,196,000 | 2,289,702,000 | 2,169,746,000 | 1,859,912,000 | 1,852,173,000 | 1,888,541,000 | 1,889,949,000 | 1,833,297,000 |
accrued interest payable | 7,758,000 | 8,795,000 | 8,241,000 | 10,172,000 | 9,685,000 | 11,501,000 | 11,664,000 | 12,018,000 | 10,224,000 | 8,445,000 | 6,688,000 | 3,655,000 | 1,643,000 | 1,167,000 | 653,000 | 1,026,000 | 970,000 | 1,571,000 | 1,734,000 | 2,847,000 | 2,195,000 | 1,997,000 | 1,729,000 | 1,175,000 | 958,000 | 930,000 | 867,000 | 781,000 | 770,000 | 751,000 | 753,000 | 849,000 | 1,036,000 | 2,044,000 | 2,151,000 | 2,368,000 | 2,487,000 | 3,064,000 | |
operating lease liability | 26,525,000 | 27,278,000 | 27,683,000 | 23,965,000 | 24,657,000 | 25,437,000 | 26,668,000 | 27,122,000 | 28,299,000 | 28,261,000 | 29,527,000 | 31,377,000 | 32,228,000 | 29,004,000 | 30,500,000 | 26,707,000 | 27,780,000 | 28,894,000 | 29,743,000 | 28,494,000 | 30,204,000 | ||||||||||||||||||
other liabilities | 133,621,000 | 141,137,000 | 145,869,000 | 128,162,000 | 131,478,000 | 137,506,000 | 141,521,000 | 128,063,000 | 131,006,000 | 145,982,000 | 141,692,000 | 136,464,000 | 157,222,000 | 159,741,000 | 126,348,000 | 85,388,000 | 102,955,000 | 91,902,000 | 98,684,000 | 87,867,000 | 86,362,000 | 83,724,000 | 82,077,000 | 58,896,000 | 63,529,000 | 63,258,000 | 62,850,000 | 59,868,000 | 66,938,000 | 68,064,000 | 33,331,000 | 28,135,000 | 35,122,000 | 29,675,000 | 30,262,000 | 29,170,000 | 26,721,000 | 25,257,000 | 27,112,000 |
other borrowings | 11,455,000 | 11,713,000 | 17,039,000 | 17,788,000 | 91,706,000 | 89,610,000 | 266,767,000 | 247,773,000 | 392,409,000 | 632,582,000 | 537,975,000 | 392,714,000 | 434,140,000 | 264,605,000 | 36,184,000 | 40,559,000 | 36,226,000 | 27,055,000 | 38,544,000 | 16,423,000 | 12,466,000 | 15,839,000 | 282,831,000 | 152,839,000 | 65,041,000 | 122,166,000 | 98,730,000 | 22,560,000 | 15,197,000 | 18,671,000 | 12,665,000 | 6,075,000 | 9,197,000 | 69,074,000 | 57,781,000 | 62,020,000 | 67,182,000 | 60,452,000 | 60,952,000 |
junior subordinated debt | 41,238,000 | 41,238,000 | 41,238,000 | 101,264,000 | 101,222,000 | 101,191,000 | 101,164,000 | 101,143,000 | 101,120,000 | 101,099,000 | 101,080,000 | 101,065,000 | 101,051,000 | 101,040,000 | 100,984,000 | 57,852,000 | 57,742,000 | 57,527,000 | 57,422,000 | 57,180,000 | 57,085,000 | 57,042,000 | 56,996,000 | 56,950,000 | 56,905,000 | 56,858,000 | 56,810,000 | 56,761,000 | 56,713,000 | 56,519,000 | 41,238,000 | 41,238,000 | 41,238,000 | 41,238,000 | 41,238,000 | 41,238,000 | 41,238,000 | 41,238,000 | 41,238,000 |
total liabilities | 8,624,185,000 | 8,494,062,000 | 8,574,531,000 | 8,657,160,000 | 8,564,080,000 | 8,452,821,000 | 8,584,875,000 | 8,566,349,000 | 8,650,716,000 | 8,750,407,000 | 8,826,605,000 | 8,760,640,000 | 8,752,149,000 | 8,884,570,000 | 9,009,146,000 | 7,203,585,000 | 7,089,073,000 | 6,547,537,000 | 6,474,385,000 | 5,488,218,000 | 5,618,574,000 | 5,525,068,000 | 5,516,750,000 | 4,350,809,000 | 4,274,701,000 | 4,255,507,000 | 4,149,702,000 | 4,020,991,000 | 4,041,236,000 | 3,931,520,000 | 2,527,563,000 | 2,463,538,000 | 2,379,910,000 | 2,313,870,000 | 1,993,927,000 | 1,989,392,000 | 2,028,890,000 | 2,022,223,000 | 1,969,303,000 |
commitments and contingencies | |||||||||||||||||||||||||||||||||||||||
shareholders’ equity: | |||||||||||||||||||||||||||||||||||||||
preferred stock, no par value: 1,000,000 shares authorized, zero issued and outstanding at march 31, 2026 and december 31, 2025 | |||||||||||||||||||||||||||||||||||||||
common stock | 673,507,000 | 682,362,000 | 685,594,000 | 685,489,000 | 692,500,000 | 693,462,000 | 693,176,000 | 691,878,000 | 696,464,000 | 697,349,000 | 696,369,000 | 695,305,000 | 695,168,000 | 697,448,000 | 706,672,000 | 531,038,000 | 531,367,000 | 531,075,000 | 530,422,000 | 543,415,000 | 542,340,000 | 541,762,000 | |||||||||||||||||
retained earnings | 749,769,000 | 740,244,000 | 723,668,000 | 702,690,000 | 693,383,000 | 679,907,000 | 662,816,000 | 644,687,000 | 630,954,000 | 615,502,000 | 599,448,000 | 578,852,000 | 564,538,000 | 542,873,000 | 479,868,000 | 427,575,000 | 408,211,000 | 365,611,000 | 354,645,000 | 351,751,000 | 319,865,000 | 303,490,000 | 287,555,000 | 276,877,000 | 266,235,000 | 255,200,000 | 256,114,000 | 248,637,000 | 240,664,000 | 213,563,000 | 172,892,000 | 166,433,000 | 141,639,000 | 131,044,000 | 118,906,000 | 117,533,000 | 115,834,000 | 117,261,000 | 117,368,000 |
accumulated other comprehensive loss, net of tax | -99,250,000 | -94,605,000 | -104,957,000 | -121,356,000 | -130,364,000 | -152,462,000 | -116,977,000 | -161,515,000 | -164,367,000 | -153,169,000 | -225,416,000 | -181,376,000 | -169,461,000 | -8,927,000 | -17,879,000 | -26,959,000 | -21,123,000 | -17,205,000 | -5,228,000 | -4,612,000 | -4,501,000 | -7,402,000 | |||||||||||||||||
total shareholders’ equity | 1,324,026,000 | 1,328,001,000 | 1,304,305,000 | 1,266,823,000 | 1,255,519,000 | 1,220,907,000 | 1,239,015,000 | 1,175,050,000 | 1,163,051,000 | 1,159,682,000 | 1,070,401,000 | 1,092,781,000 | 1,090,245,000 | 1,046,416,000 | 1,109,182,000 | 966,780,000 | 942,539,000 | 902,262,000 | 885,686,000 | 896,665,000 | 853,278,000 | 827,373,000 | 802,115,000 | 512,344,000 | 505,256,000 | 505,808,000 | 506,733,000 | 498,944,000 | 486,718,000 | 463,436,000 | 267,380,000 | 260,943,000 | 229,359,000 | 219,038,000 | 201,811,000 | 200,397,000 | 200,728,000 | 202,422,000 | 200,284,000 |
total liabilities and shareholders’ equity | 9,948,211,000 | 9,822,063,000 | 9,878,836,000 | 9,923,983,000 | 9,819,599,000 | 9,673,728,000 | 9,823,890,000 | 9,741,399,000 | 9,813,767,000 | 9,910,089,000 | 9,897,006,000 | 9,853,421,000 | 9,842,394,000 | 9,930,986,000 | 10,118,328,000 | 8,170,365,000 | 8,031,612,000 | 7,449,799,000 | 7,360,071,000 | 6,384,883,000 | 6,471,852,000 | 6,352,441,000 | 6,318,865,000 | 4,863,153,000 | 4,779,957,000 | 4,761,315,000 | 4,656,435,000 | 4,519,935,000 | 4,527,954,000 | 4,394,956,000 | 2,794,943,000 | 2,724,481,000 | 2,609,269,000 | 2,532,908,000 | 2,195,738,000 | 2,189,789,000 | 2,229,618,000 | 2,224,645,000 | 2,169,587,000 |
preferred stock, no par value: 1,000,000 shares authorized; zero issued and outstanding at december 31, 2025 and 2024, respectively | |||||||||||||||||||||||||||||||||||||||
preferred stock, no par value: 1,000,000 shares authorized, zero issued and outstanding at september 30, 2025 and december 31, 2024 | |||||||||||||||||||||||||||||||||||||||
preferred stock, no par value: 1,000,000 shares authorized, zero issued and outstanding at june 30, 2025 and december 31, 2024 | |||||||||||||||||||||||||||||||||||||||
preferred stock, no par value: 1,000,000 shares authorized, zero issued and outstanding at march 31, 2025 and december 31, 2024 | |||||||||||||||||||||||||||||||||||||||
preferred stock, no par value: 1,000,000 shares authorized; zero issued and outstanding at december 31, 2024 and 2023, respectively | |||||||||||||||||||||||||||||||||||||||
preferred stock, no par value: 1,000,000 shares authorized, zero issued and outstanding at september 30, 2024 and december 31, 2023 | |||||||||||||||||||||||||||||||||||||||
trading securities | 2,789,000 | ||||||||||||||||||||||||||||||||||||||
preferred stock, no par value: 1,000,000 shares authorized, zero issued and outstanding at june 30, 2024 and december 31, 2023 | |||||||||||||||||||||||||||||||||||||||
preferred stock, no par value: 1,000,000 shares authorized, zero issued and outstanding at march 31, 2024 and december 31, 2023 | |||||||||||||||||||||||||||||||||||||||
preferred stock, no par value: 1,000,000 shares authorized; zero issued and outstanding at december 31, 2023 and 2022, respectively | |||||||||||||||||||||||||||||||||||||||
preferred stock, no par value: 1,000,000 shares authorized, zero issued and outstanding at september 30, 2023 and december 31, 2022 | |||||||||||||||||||||||||||||||||||||||
available for sale debt securities, net of allowance for credit losses of 0 | 2,320,413,000 | 2,405,812,000 | |||||||||||||||||||||||||||||||||||||
held to maturity debt securities, net of allowance for credit losses of 0 | 145,117,000 | 152,067,000 | |||||||||||||||||||||||||||||||||||||
preferred stock, no par value: 1,000,000 shares authorized, zero issued and outstanding at june 30, 2023 and december 31, 2022 | |||||||||||||||||||||||||||||||||||||||
preferred stock, no par value: 1,000,000 shares authorized, zero issued and outstanding at march 31, 2023 and december 31, 2022 | |||||||||||||||||||||||||||||||||||||||
available for sale debt securities | 2,452,438,000 | 984,080,000 | 1,113,516,000 | 1,115,036,000 | 1,055,960,000 | 754,207,000 | 735,895,000 | ||||||||||||||||||||||||||||||||
held to maturity debt securities | 160,983,000 | 393,449,000 | 431,016,000 | 444,936,000 | 459,897,000 | 477,745,000 | 496,035,000 | ||||||||||||||||||||||||||||||||
preferred stock, no par value: 1,000,000 shares authorized; zero issued and outstanding at december 31, 2022 and 2021, respectively | |||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive income, net of tax | -193,905,000 | -77,358,000 | 8,167,000 | 2,961,000 | 5,576,000 | 619,000 | 1,499,000 | 1,772,000 | 1,796,000 | 2,188,000 | 2,159,000 | 3,658,000 | 1,086,000 | 1,310,000 | |||||||||||||||||||||||||
available for sale debt securities, net of allowance for credit losses of — | 2,362,907,000 | 1,847,568,000 | 1,682,105,000 | 1,142,957,000 | 996,280,000 | ||||||||||||||||||||||||||||||||||
held to maturity debt securities, net of allowance for credit losses of — | 186,748,000 | 235,778,000 | 260,454,000 | 310,696,000 | 337,165,000 | ||||||||||||||||||||||||||||||||||
preferred stock, no par value: 1,000,000 shares authorized, zero issued and outstanding at march 31, 2022 and december 31, 2021 | |||||||||||||||||||||||||||||||||||||||
preferred stock, no par value: 1,000,000 shares authorized, zero issued and outstanding at june 30, 2021 and december 31, 2020 | |||||||||||||||||||||||||||||||||||||||
preferred stock, no par value: 1,000,000 shares authorized, zero issued and outstanding at march 31, 2021 and december 31, 2020 | |||||||||||||||||||||||||||||||||||||||
preferred stock, no par value: 1,000,000 shares authorized, zero issued and outstanding at september 30, 2020 and december 31, 2019 | |||||||||||||||||||||||||||||||||||||||
preferred stock, no par value: 1,000,000 shares authorized, zero issued and outstanding at june 30, 2020 and december 31, 2019 | |||||||||||||||||||||||||||||||||||||||
allowance for loan losses | -31,537,000 | -32,064,000 | -32,582,000 | -31,603,000 | -29,524,000 | -29,973,000 | -30,323,000 | -28,747,000 | -28,143,000 | -31,017,000 | -36,388,000 | -37,920,000 | -39,968,000 | -42,648,000 | -45,452,000 | -43,224,000 | -42,571,000 | -38,556,000 | -38,430,000 | ||||||||||||||||||||
preferred stock, no par value: 1,000,000 shares authorized, zero issued and outstanding at september 30, 2019 and december 31, 2018 | |||||||||||||||||||||||||||||||||||||||
preferred stock, no par value: 1,000,000 shares authorized, zero issued and outstanding at march 31, 2019 and december 31, 2018 | |||||||||||||||||||||||||||||||||||||||
foreclosed assets | 2,280,000 | 1,832,000 | 1,374,000 | 1,564,000 | 3,226,000 | 3,071,000 | 3,489,000 | 3,529,000 | 4,471,000 | 5,096,000 | 5,785,000 | 7,498,000 | 14,789,000 | 8,983,000 | 9,913,000 | ||||||||||||||||||||||||
mortgage servicing rights | 7,098,000 | 7,122,000 | 7,021,000 | 6,953,000 | 6,687,000 | 6,419,000 | 6,596,000 | 6,860,000 | 7,140,000 | 5,985,000 | 5,909,000 | 4,552,000 | 4,784,000 | 4,808,000 | 4,605,000 | 3,905,000 | 4,033,000 | ||||||||||||||||||||||
preferred stock, no par value: 1,000,000 shares authorized; zero issued and outstanding at december 31, 2018 and 2017 | |||||||||||||||||||||||||||||||||||||||
preferred stock, no par value: 1,000,000 shares authorized, zero issued and outstanding at september 30, 2018 and december 31, 2017 | |||||||||||||||||||||||||||||||||||||||
30,417,818 at september 30, 2018 | |||||||||||||||||||||||||||||||||||||||
22,955,963 at december 31, 2017 | 541,519,000 | 255,836,000 | |||||||||||||||||||||||||||||||||||||
reserve for unfunded commitments | 3,727,000 | 3,864,000 | 3,164,000 | 2,989,000 | 2,599,000 | 2,734,000 | 2,475,000 | 2,220,000 | 2,045,000 | 3,615,000 | 2,550,000 | 2,690,000 | 2,640,000 | 2,840,000 | 2,840,000 | 3,640,000 | |||||||||||||||||||||||
preferred stock, no par value: 1,000,000 shares authorized, zero issued and outstanding at june 30, 2018 and december 31, 2017 | |||||||||||||||||||||||||||||||||||||||
23,004,153 at june 30, 2018 | 256,590,000 | ||||||||||||||||||||||||||||||||||||||
preferred stock, no par value: 1,000,000 shares authorized, zero issued and outstanding at march 31, 2018 and december 31, 2017 | |||||||||||||||||||||||||||||||||||||||
22,956,323 at march 31, 2018 | 256,226,000 | ||||||||||||||||||||||||||||||||||||||
available for sale | 730,883,000 | 678,236,000 | 672,569,000 | 571,719,000 | 477,454,000 | 84,962,000 | 91,514,000 | ||||||||||||||||||||||||||||||||
held to maturity | 514,844,000 | 536,567,000 | 559,518,000 | 580,137,000 | 705,133,000 | 443,509,000 | 422,502,000 | ||||||||||||||||||||||||||||||||
22,867,802 at december 31, 2016 | |||||||||||||||||||||||||||||||||||||||
22,941,464 at september 30, 2017 | 255,231,000 | ||||||||||||||||||||||||||||||||||||||
22,925,069 at june 30, 2017 | 254,808,000 | ||||||||||||||||||||||||||||||||||||||
22,873,305 at march 31, 2017 | 253,456,000 | ||||||||||||||||||||||||||||||||||||||
22,785,173 at march 31, 2016 | 248,101,000 | ||||||||||||||||||||||||||||||||||||||
22,775,173 at december 31, 2015 | |||||||||||||||||||||||||||||||||||||||
16,139,414 at september 30, 2014 | 92,692,000 | ||||||||||||||||||||||||||||||||||||||
16,076,662 at december 31, 2013 | |||||||||||||||||||||||||||||||||||||||
16,133,414 at june 30, 2014 | 92,322,000 | ||||||||||||||||||||||||||||||||||||||
securities available-for-sale | 163,027,000 | 212,157,000 | 279,824,000 | 277,271,000 | 250,012,000 | 275,783,000 | 292,065,000 | ||||||||||||||||||||||||||||||||
indemnification asset | 1,997,000 | 3,405,000 | 6,689,000 | 5,640,000 | |||||||||||||||||||||||||||||||||||
16,000,838 at december 31, 2012 | 85,561,000 | ||||||||||||||||||||||||||||||||||||||
15,978,958 at december 31, 2011 | |||||||||||||||||||||||||||||||||||||||
interest receivable | 7,095,000 | ||||||||||||||||||||||||||||||||||||||
interest payable | 1,587,000 | ||||||||||||||||||||||||||||||||||||||
15,978,958 at march 31, 2012 | 84,336,000 | ||||||||||||||||||||||||||||||||||||||
15,860,138 at march 31, 2011 | 81,819,000 | ||||||||||||||||||||||||||||||||||||||
15,860,138 at december 31, 2010 | 81,554,000 | ||||||||||||||||||||||||||||||||||||||
15,787,753 at december 31, 2009 | |||||||||||||||||||||||||||||||||||||||
noncovered loans | 1,392,881,000 | 1,438,532,000 | |||||||||||||||||||||||||||||||||||||
net noncovered loans | 1,354,325,000 | 1,400,102,000 | |||||||||||||||||||||||||||||||||||||
covered loans, net of allowance | 59,697,000 | ||||||||||||||||||||||||||||||||||||||
noncovered foreclosed assets | 6,853,000 | 5,621,000 | |||||||||||||||||||||||||||||||||||||
covered foreclosed assets | 4,319,000 | 4,324,000 | |||||||||||||||||||||||||||||||||||||
fdic indemnification asset | 5,098,000 | 7,515,000 | |||||||||||||||||||||||||||||||||||||
15,860,138 at september 30, 2010 | 81,288,000 | ||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive income | 3,606,000 | 4,132,000 | 2,053,000 | ||||||||||||||||||||||||||||||||||||
covered loans | 62,408,000 | ||||||||||||||||||||||||||||||||||||||
15,860,138 at june 30, 2010 | 81,029,000 | ||||||||||||||||||||||||||||||||||||||
federal home loan bank stock, at cost | 9,274,000 | ||||||||||||||||||||||||||||||||||||||
loans, net of allowance for loan losses of 36,340, 32,774 and 35,473 | 1,418,849,000 | ||||||||||||||||||||||||||||||||||||||
foreclosed assets, net of allowance for losses of 190, 392 and 190 | 5,579,000 | ||||||||||||||||||||||||||||||||||||||
commitments and contingencies shareholders’ equity: | |||||||||||||||||||||||||||||||||||||||
15,860,138 at march 31, 2010 | 80,863,000 | ||||||||||||||||||||||||||||||||||||||
15,782,753 at march 31, 2009 |
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 | 2022-03-31 | 2021-06-30 | 2021-03-31 | 2020-03-31 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-03-31 | 2014-09-30 | 2012-03-31 | 2011-03-31 | 2010-06-30 | 2010-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
operating activities: | ||||||||||||||||||||||||||||||||
net income | 33,685,000 | 33,634,000 | 34,019,000 | 27,542,000 | 26,363,000 | 29,034,000 | 29,051,000 | 29,034,000 | 27,749,000 | 26,075,000 | 30,590,000 | 24,892,000 | 35,833,000 | 20,374,000 | 28,362,000 | 33,649,000 | 16,121,000 | 22,726,000 | 23,211,000 | 16,170,000 | 15,029,000 | 13,910,000 | 2,989,000 | 11,897,000 | 13,589,000 | 12,079,000 | 10,674,000 | 8,234,000 | 3,931,000 | 2,800,000 | 1,320,000 | 1,558,000 |
adjustments to reconcile net income to net cash from operating activities: | ||||||||||||||||||||||||||||||||
depreciation of premises and equipment, and amortization | 1,615,000 | 1,703,000 | 1,570,000 | 1,554,000 | 1,550,000 | 1,436,000 | 1,562,000 | 1,492,000 | 1,508,000 | 1,537,000 | 1,642,000 | 1,621,000 | 1,566,000 | 1,409,000 | 1,659,000 | 1,698,000 | 1,618,000 | 1,838,000 | 2,100,000 | 1,685,000 | 1,616,000 | 1,613,000 | 1,698,000 | 1,802,000 | 1,683,000 | 1,604,000 | 1,526,000 | 1,331,000 | 1,765,000 | 830,000 | 927,000 | |
amortization of intangible assets | 430,000 | 482,000 | 482,000 | 483,000 | 514,000 | 1,030,000 | 1,030,000 | 1,030,000 | 1,030,000 | 1,216,000 | 1,590,000 | 1,656,000 | 1,656,000 | 1,228,000 | 1,431,000 | 1,431,000 | 1,431,000 | 1,431,000 | 1,431,000 | 1,390,000 | 339,000 | 339,000 | 339,000 | 339,000 | 352,000 | 359,000 | 299,000 | 53,000 | 53,000 | 85,000 | 72,000 | 65,000 |
provision for credit losses | 3,325,000 | 3,000,000 | 670,000 | 4,665,000 | 3,728,000 | 4,195,000 | ||||||||||||||||||||||||||
amortization of investment securities premium | 234,000 | 246,000 | 515,000 | 517,000 | 402,000 | 354,000 | 240,000 | 265,000 | 6,000 | -121,000 | -139,000 | 398,000 | 174,000 | 5,618,000 | 1,669,000 | 1,186,000 | 509,000 | 571,000 | 559,000 | 613,000 | 640,000 | 700,000 | 769,000 | 825,000 | 808,000 | 798,000 | 1,131,000 | 229,000 | 329,000 | 377,000 | 262,000 | 170,000 |
gain on sale of investment securities | -17,000 | 0 | 0 | |||||||||||||||||||||||||||||
originations of loans for sale | -16,381,000 | |||||||||||||||||||||||||||||||
proceeds from sale of loans originated for sale | 15,165,000 | |||||||||||||||||||||||||||||||
gain on sale of loans | -397,000 | -432,000 | -327,000 | -503,000 | -344,000 | -334,000 | -549,000 | -388,000 | -261,000 | -283,000 | -382,000 | -295,000 | -206,000 | -1,246,000 | -2,847,000 | -3,247,000 | -891,000 | -412,000 | -540,000 | -539,000 | -666,000 | -626,000 | -816,000 | -606,000 | -777,000 | -910,000 | -803,000 | -509,000 | -1,650,000 | -725,000 | -577,000 | -585,000 |
change in fair market value of mortgage servicing rights | 232,000 | 263,000 | 105,000 | 52,000 | 140,000 | 12,000 | 332,000 | 147,000 | -11,000 | |||||||||||||||||||||||
loss on sale of foreclosed assets | -3,000 | 358,000 | ||||||||||||||||||||||||||||||
operating lease expense payments | -1,669,000 | -1,587,000 | -1,487,000 | -1,509,000 | -1,511,000 | -1,579,000 | -1,568,000 | -1,576,000 | -1,611,000 | -1,653,000 | -1,292,000 | -1,226,000 | -1,204,000 | -1,237,000 | ||||||||||||||||||
loss on disposal of fixed assets | -15,000 | 6,000 | 21,000 | 5,000 | 85,000 | 7,000 | 6,000 | 1,000 | 5,000 | 1,000 | 4,000 | 38,000 | -21,000 | 152,000 | 41,000 | 13,000 | 81,000 | 33,000 | 31,000 | 235,000 | 9,000 | 25,000 | ||||||||||
increase in cash value of life insurance | -816,000 | -862,000 | -871,000 | -842,000 | -820,000 | -837,000 | -786,000 | -831,000 | -803,000 | -876,000 | -684,000 | -788,000 | -802,000 | -638,000 | -745,000 | -673,000 | -720,000 | -775,000 | -722,000 | -732,000 | -656,000 | -608,000 | -642,000 | -732,000 | -626,000 | -685,000 | -696,000 | -490,000 | -450,000 | -450,000 | -426,000 | -426,000 |
gain on life insurance death benefit | -10,000 | -2,000 | 0 | -1,207,000 | -32,000 | -107,000 | ||||||||||||||||||||||||||
loss on marketable equity securities | 17,000 | 28,000 | -117,000 | -42,000 | 137,000 | -28,000 | 22,000 | 22,000 | 48,000 | |||||||||||||||||||||||
equity compensation vesting expense | 954,000 | 1,097,000 | 1,285,000 | 1,236,000 | 1,139,000 | 1,116,000 | 1,156,000 | 1,196,000 | 1,198,000 | 1,071,000 | 1,083,000 | 930,000 | 1,041,000 | 812,000 | 626,000 | 537,000 | 439,000 | 397,000 | 368,000 | 372,000 | 331,000 | 391,000 | 402,000 | 410,000 | 393,000 | 381,000 | 331,000 | |||||
change in: | ||||||||||||||||||||||||||||||||
interest receivable | 991,000 | -1,526,000 | 408,000 | 2,000 | 2,274,000 | -1,749,000 | 2,466,000 | 256,000 | 985,000 | -2,173,000 | -1,760,000 | -1,447,000 | 468,000 | -83,000 | 519,000 | 562,000 | 322,000 | -1,019,000 | 180,000 | -5,339,000 | -1,846,000 | 1,365,000 | -1,116,000 | -1,051,000 | -369,000 | 791,000 | -289,000 | 146,000 | 217,000 | 190,000 | 243,000 | 48,000 |
interest payable | -1,037,000 | 554,000 | -1,931,000 | 487,000 | -1,816,000 | -163,000 | -354,000 | 1,794,000 | 1,779,000 | 1,757,000 | 3,033,000 | 2,012,000 | 476,000 | -801,000 | 56,000 | -392,000 | -421,000 | 198,000 | 268,000 | 554,000 | 217,000 | 28,000 | 63,000 | 86,000 | 11,000 | -48,000 | -23,000 | -96,000 | -87,000 | -107,000 | -577,000 | -550,000 |
amortization of operating lease roua | 1,609,000 | 1,546,000 | 1,443,000 | 1,452,000 | 1,453,000 | 1,529,000 | 1,499,000 | 1,502,000 | 1,620,000 | 1,739,000 | 1,374,000 | 1,362,000 | ||||||||||||||||||||
other assets and liabilities | -4,223,000 | -6,850,000 | 10,566,000 | -6,662,000 | -7,438,000 | -8,522,000 | -4,435,000 | -3,781,000 | -11,596,000 | 2,369,000 | 7,338,000 | -20,714,000 | -7,640,000 | -2,347,000 | -13,571,000 | 7,376,000 | 2,609,000 | -288,000 | -595,000 | 11,384,000 | -4,191,000 | 3,531,000 | -6,790,000 | 4,380,000 | -5,669,000 | 4,444,000 | -8,988,000 | 4,881,000 | 3,522,000 | -2,951,000 | -443,000 | 1,709,000 |
net cash from operating activities | 33,702,000 | 34,460,000 | 45,083,000 | 29,236,000 | 24,514,000 | 24,240,000 | 28,577,000 | 31,810,000 | 25,080,000 | 36,510,000 | 46,181,000 | 17,241,000 | 38,955,000 | 34,845,000 | 17,610,000 | 41,196,000 | 33,547,000 | 22,055,000 | 31,164,000 | 26,961,000 | 9,230,000 | 23,714,000 | 9,564,000 | 18,261,000 | 8,112,000 | 19,444,000 | 4,100,000 | 10,350,000 | 18,188,000 | 10,315,000 | 10,993,000 | 11,484,000 |
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 |
free cash flows | 33,702,000 | 34,460,000 | 45,083,000 | 29,236,000 | 24,514,000 | 24,240,000 | 28,577,000 | 31,810,000 | 25,080,000 | 36,510,000 | 46,181,000 | 17,241,000 | 38,955,000 | 34,845,000 | 17,610,000 | 41,196,000 | 33,547,000 | 22,055,000 | 31,164,000 | 26,961,000 | 9,230,000 | 23,714,000 | 9,564,000 | 18,261,000 | 8,112,000 | 19,444,000 | 4,100,000 | 10,350,000 | 18,188,000 | 10,315,000 | 10,993,000 | 11,484,000 |
investing activities: | ||||||||||||||||||||||||||||||||
proceeds from maturities of securities available for sale | 47,413,000 | 141,009,000 | 58,819,000 | 66,753,000 | 93,963,000 | 158,894,000 | 62,770,000 | 83,751,000 | 102,589,000 | 56,905,000 | 85,298,000 | 88,233,000 | 91,813,000 | 20,212,000 | 15,133,000 | 18,504,000 | 21,604,000 | 17,263,000 | 15,643,000 | 17,296,000 | 18,649,000 | 13,928,000 | 14,069,000 | 10,052,000 | 5,762,000 | |||||||
proceeds from maturities of securities held to maturity | 4,758,000 | 6,183,000 | 5,153,000 | 4,954,000 | 5,361,000 | 5,088,000 | 5,625,000 | 5,998,000 | 6,914,000 | 8,842,000 | 12,894,000 | 24,419,000 | 23,850,000 | 15,592,000 | 13,684,000 | 14,734,000 | 17,616,000 | 18,052,000 | 18,535,000 | 21,402,000 | 22,608,000 | 20,287,000 | 22,074,000 | 20,815,000 | 9,179,000 | |||||||
proceeds from sale and calls of available for sale securities | 3,000,000 | 27,769,000 | ||||||||||||||||||||||||||||||
purchases of securities available for sale | -90,720,000 | -49,289,000 | -73,471,000 | -10,262,000 | -14,358,000 | -64,890,000 | -69,405,000 | 0 | 0 | -247,354,000 | -247,717,000 | -372,917,000 | -101,899,000 | -1,238,000 | -65,835,000 | -289,543,000 | -41,653,000 | -39,647,000 | -70,341,000 | -49,881,000 | -110,343,000 | -35,241,000 | -77,045,000 | |||||||||
loan origination and principal collections | 41,375,000 | -104,362,000 | -51,192,000 | -146,712,000 | -51,857,000 | -85,062,000 | 58,112,000 | 56,957,000 | -7,379,000 | -87,719,000 | -186,244,000 | -98,497,000 | 26,558,000 | -161,865,000 | 22,427,000 | -102,230,000 | -70,833,000 | -11,351,000 | 4,844,000 | -47,523,000 | -76,391,000 | -54,682,000 | -72,923,000 | -105,423,000 | -67,878,000 | -1,613,000 | -45,515,000 | -14,388,000 | ||||
proceeds from sale of other real estate owned | 0 | 0 | 103,000 | 179,000 | 577,000 | 353,000 | 278,000 | 207,000 | 1,943,000 | 1,085,000 | 363,000 | 698,000 | 726,000 | 1,417,000 | 1,335,000 | |||||||||||||||||
proceeds from sale of premises and equipment | 15,000 | 6,689,000 | 11,000 | 1,000 | 1,000 | 0 | 1,000 | 1,000 | 1,000 | |||||||||||||||||||||||
purchases of premises and equipment | -712,000 | -777,000 | -1,870,000 | -1,028,000 | -1,687,000 | -1,307,000 | -1,240,000 | -982,000 | -1,028,000 | -1,001,000 | -647,000 | -2,025,000 | -1,213,000 | -631,000 | -666,000 | -188,000 | -761,000 | -1,650,000 | -1,699,000 | -1,617,000 | -1,919,000 | -2,200,000 | -4,290,000 | -4,989,000 | -3,472,000 | -2,413,000 | -7,424,000 | -1,374,000 | -1,173,000 | -88,000 | -530,000 | -1,161,000 |
net cash from investing activities | 5,129,000 | 33,916,000 | -59,953,000 | 89,904,000 | 195,059,000 | 59,988,000 | 115,252,000 | 14,867,000 | -29,130,000 | 31,940,000 | -84,405,000 | -60,408,000 | 1,222,000 | 51,992,000 | 22,840,000 | |||||||||||||||||
financing activities: | ||||||||||||||||||||||||||||||||
net change in deposits | 139,687,000 | -70,560,000 | -41,348,000 | 170,477,000 | 117,756,000 | 50,485,000 | -13,139,000 | 62,572,000 | 153,620,000 | -175,605,000 | -85,722,000 | 69,500,000 | -303,148,000 | 131,839,000 | 128,653,000 | 357,466,000 | 35,704,000 | 273,349,000 | 23,960,000 | |||||||||||||
net change in other borrowings | -258,000 | -5,326,000 | -749,000 | -73,918,000 | 2,096,000 | -177,157,000 | 18,994,000 | -144,636,000 | -240,173,000 | 94,607,000 | 145,261,000 | -41,426,000 | 169,535,000 | -13,903,000 | 4,333,000 | 9,312,000 | 855,000 | -3,373,000 | -266,992,000 | -35,008,000 | 87,798,000 | -57,125,000 | 23,436,000 | 76,170,000 | 7,363,000 | -2,296,000 | 6,343,000 | 6,590,000 | ||||
repurchase of common stock | -22,423,000 | -9,721,000 | -2,504,000 | -388,000 | -1,649,000 | -201,000 | 0 | -507,000 | -953,000 | -169,000 | 0 | 0 | -338,000 | |||||||||||||||||||
dividends paid | -11,546,000 | -11,666,000 | -11,717,000 | -10,769,000 | -10,879,000 | -10,880,000 | -10,888,000 | -10,906,000 | -10,972,000 | -9,980,000 | -9,979,000 | -9,970,000 | -9,972,000 | -7,433,000 | -7,430,000 | -7,432,000 | -6,664,000 | -5,782,000 | -5,785,000 | -5,171,000 | -3,910,000 | -3,903,000 | -3,903,000 | -3,900,000 | -3,897,000 | -3,431,000 | -3,418,000 | -1,775,000 | -1,438,000 | -1,427,000 | -1,427,000 | -2,062,000 |
net cash from financing activities | 105,460,000 | 110,503,000 | 123,033,000 | 359,336,000 | -1,044,000 | -16,420,000 | 101,411,000 | -25,695,000 | 2,073,000 | |||||||||||||||||||||||
net change in cash and cash equivalents | 144,291,000 | -141,806,000 | -15,448,000 | 6,018,000 | 163,294,000 | -175,158,000 | 113,556,000 | 123,722,000 | -15,865,000 | -12,398,000 | -7,693,000 | 8,457,000 | 3,105,000 | 267,262,000 | 30,218,000 | -60,029,000 | -91,041,000 | 91,175,000 | 990,000 | 42,481,000 | 1,083,000 | -22,449,000 | 17,394,000 | 20,385,000 | -156,057,000 | 18,094,000 | 85,417,000 | 25,296,000 | 44,485,000 | 35,228,000 | ||
cash and cash equivalents, beginning of period | 157,014,000 | 0 | 0 | 144,956,000 | 0 | 0 | 98,701,000 | 0 | 0 | 107,230,000 | 768,421,000 | 0 | 669,551,000 | 276,507,000 | ||||||||||||||||||
cash and cash equivalents, end of period | 301,305,000 | -15,448,000 | 6,018,000 | 308,250,000 | 113,556,000 | 123,722,000 | 82,836,000 | -7,693,000 | 8,457,000 | 110,335,000 | 1,035,683,000 | 30,218,000 | 609,522,000 | 185,466,000 | ||||||||||||||||||
see accompanying notes to unaudited condensed consolidated financial statements. | ||||||||||||||||||||||||||||||||
loss on sale of investment securities | -19,000 | 2,124,000 | -4,000 | 1,146,000 | 0 | -2,000 | 120,000 | 0 | 0 | 164,000 | ||||||||||||||||||||||
originations of loans for resale | -22,986,000 | -15,348,000 | -11,423,000 | -22,952,000 | -14,387,000 | -10,858,000 | -9,924,000 | -14,159,000 | -12,949,000 | -6,281,000 | -30,187,000 | -63,714,000 | -65,970,000 | -28,394,000 | -18,119,000 | -20,333,000 | -20,523,000 | -23,057,000 | -20,332,000 | -28,705,000 | -34,317,000 | -26,130,000 | -18,209,000 | -58,041,000 | -32,499,000 | -5,948,000 | -30,472,000 | |||||
proceeds from sale of loans originated for resale | 23,739,000 | 14,245,000 | 12,925,000 | 21,794,000 | 15,531,000 | 10,151,000 | 10,288,000 | 14,806,000 | 12,315,000 | 8,058,000 | 33,509,000 | 64,366,000 | 70,987,000 | 31,629,000 | 16,689,000 | 20,850,000 | 20,701,000 | 22,167,000 | 23,270,000 | 27,928,000 | 36,771,000 | 26,243,000 | 17,501,000 | 63,491,000 | 35,131,000 | 6,721,000 | 30,787,000 | |||||
gain on extinguishment of junior subordinated debt | 0 | |||||||||||||||||||||||||||||||
loss on sale of real estate owned | ||||||||||||||||||||||||||||||||
deferred income tax benefit | ||||||||||||||||||||||||||||||||
gain on transfer of loans to real estate owned | ||||||||||||||||||||||||||||||||
operating lease payments | ||||||||||||||||||||||||||||||||
gain on marketable equity securities | -8,000 | 53,000 | -47,000 | |||||||||||||||||||||||||||||
change in fair value of other real estate | ||||||||||||||||||||||||||||||||
amortization of operating lease right of use asset | ||||||||||||||||||||||||||||||||
maturities and principal repayments of securities available for sale | ||||||||||||||||||||||||||||||||
maturities and principal repayments of securities held to maturity | ||||||||||||||||||||||||||||||||
proceeds from sale of available for sale securities | 30,008,000 | 0 | 2,964,000 | 46,864,000 | 0 | 0 | 24,160,000 | 0 | ||||||||||||||||||||||||
loans purchased | 0 | 0 | -101,466,000 | -12,327,000 | ||||||||||||||||||||||||||||
proceeds from sale of real estate owned | ||||||||||||||||||||||||||||||||
life insurance proceeds | 0 | 0 | 367,000 | 282,000 | ||||||||||||||||||||||||||||
repayment of junior subordinated debt | ||||||||||||||||||||||||||||||||
exercise of stock options | 0 | 0 | 0 | 78,000 | 78,000 | 33,000 | 0 | 203,000 | 0 | 173,000 | 89,000 | 0 | 203,000 | |||||||||||||||||||
cash and cash equivalents at beginning of year | 0 | 0 | ||||||||||||||||||||||||||||||
cash and cash equivalents at end of year | 318,708,000 | 990,000 | 42,481,000 | 1,083,000 | 182,979,000 | 323,706,000 | 388,878,000 | |||||||||||||||||||||||||
supplemental disclosure of cash flow activity: | ||||||||||||||||||||||||||||||||
cash paid for interest expense | 27,535,000 | 1,340,000 | 1,868,000 | 3,746,000 | 3,389,000 | 3,795,000 | 3,511,000 | 2,392,000 | 2,107,000 | 728,000 | 1,743,000 | 1,599,000 | 1,539,000 | 1,415,000 | 1,178,000 | 2,215,000 | 2,837,000 | 4,219,000 | 4,508,000 | |||||||||||||
cash paid for income taxes | 5,500,000 | 2,900,000 | 3,100,000 | 5,720,000 | 4,800,000 | 2,905,000 | 2,620,000 | |||||||||||||||||||||||||
supplemental disclosure of noncash activities: | ||||||||||||||||||||||||||||||||
unrealized gain on securities available for sale | -29,561,000 | 12,710,000 | 12,077,000 | -8,400,000 | -5,676,000 | -15,628,000 | -287,000 | 4,911,000 | 787,000 | 6,125,000 | -686,000 | |||||||||||||||||||||
loans transferred to foreclosed assets | 50,000 | 116,000 | 751,000 | 837,000 | 42,000 | 599,000 | 85,000 | 416,000 | 359,000 | |||||||||||||||||||||||
market value of shares tendered in-lieu of cash to pay for exercise of options and/or related taxes | 132,000 | 449,000 | 2,000 | 148,000 | 647,000 | 362,000 | 453,000 | 667,000 | 4,000 | 2,488,000 | 604,000 | 0 | ||||||||||||||||||||
obligations incurred in conjunction with leased assets | -11,000 | 0 | 1,308,000 | 3,393,000 | ||||||||||||||||||||||||||||
gain on transfer of loans to foreclosed assets | 0 | 0 | -38,000 | -98,000 | ||||||||||||||||||||||||||||
change in the market value of foreclosed assets | 6,000 | |||||||||||||||||||||||||||||||
proceeds from the payment of life insurance benefits | ||||||||||||||||||||||||||||||||
net cash from (used by) investing activities | 55,740,000 | 121,914,000 | -137,336,000 | |||||||||||||||||||||||||||||
retirement of junior subordinated debt | ||||||||||||||||||||||||||||||||
net cash from (used by) financing activities | -116,271,000 | 70,077,000 | 104,864,000 | |||||||||||||||||||||||||||||
provision for losses on foreclosed assets | 0 | 262,000 | 154,000 | 0 | -1,000 | 0 | 134,000 | 83,000 | ||||||||||||||||||||||||
loss on marketable and trading equity securities | -8,000 | -39,000 | -270,000 | |||||||||||||||||||||||||||||
repurchase of common stock, net of option exercises | -4,109,000 | -66,000 | -10,177,000 | -3,408,000 | -1,479,000 | -7,595,000 | -2,551,000 | -10,000 | -17,147,000 | |||||||||||||||||||||||
gain on sale of real estate owned | ||||||||||||||||||||||||||||||||
deferred income tax expense | ||||||||||||||||||||||||||||||||
change in value of other real estate | ||||||||||||||||||||||||||||||||
cash acquired in acquisition; net of consideration paid | ||||||||||||||||||||||||||||||||
business combination | ||||||||||||||||||||||||||||||||
in the year ended 2022, the vrb acquisition included fair value tangible assets acquired of 1.37 billion, liabilities assumed of 1.28 billion, resulting in goodwill of 0.09 billion. | ||||||||||||||||||||||||||||||||
provision for credit losses on loans | 320,000 | 335,000 | 4,015,000 | 7,575,000 | 3,120,000 | |||||||||||||||||||||||||||
net cash used by financing activities | -4,925,000 | -103,147,000 | -100,933,000 | 54,253,000 | 14,245,000 | -17,756,000 | -2,572,000 | -4,349,000 | ||||||||||||||||||||||||
change in market value of mortgage servicing rights | 291,000 | 90,000 | -84,000 | 209,000 | -274,000 | 471,000 | -12,000 | 1,258,000 | 645,000 | 184,000 | 37,000 | 36,000 | -111,000 | -77,000 | 325,000 | 457,000 | 13,000 | 698,000 | 88,000 | 369,000 | 60,000 | |||||||||||
net cash (used in) from financing activities | ||||||||||||||||||||||||||||||||
gain on sale of foreclosed assets | -4,000 | -42,000 | -41,000 | -99,000 | -18,000 | -2,000 | -17,000 | -371,000 | -403,000 | -37,000 | -153,000 | -118,000 | -92,000 | -385,000 | -200,000 | -40,000 | ||||||||||||||||
proceeds from conversion of life insurance | ||||||||||||||||||||||||||||||||
cash acquired from vrb, net of cash consideration paid | 426,883,000 | |||||||||||||||||||||||||||||||
net cash used by investing activities | -110,425,000 | -460,561,000 | -93,581,000 | -118,673,000 | 85,666,000 | |||||||||||||||||||||||||||
repurchase of common stock, including tax liability for net settlement of equity awards | ||||||||||||||||||||||||||||||||
net cash (used by) from financing activities | 49,526,000 | 16,703,000 | -151,102,000 | |||||||||||||||||||||||||||||
unrealized losses on securities available for sale | ||||||||||||||||||||||||||||||||
loans transferred to held-for-sale | ||||||||||||||||||||||||||||||||
during the period ended march 31, 2022, the vrb acquisition included fair value tangible assets acquired of 1.37 billion, liabilities assumed of 1.28 billion, resulting in goodwill of 0.09 billion. | ||||||||||||||||||||||||||||||||
loss on transfer of loans to foreclosed assets | ||||||||||||||||||||||||||||||||
gain on disposal of fixed assets | -1,078,000 | |||||||||||||||||||||||||||||||
benefit from credit losses | ||||||||||||||||||||||||||||||||
(gain) loss on sale of real estate owned real estate owned | ||||||||||||||||||||||||||||||||
(gain) loss on disposal of fixed assets | 10,000 | |||||||||||||||||||||||||||||||
(gain) loss on marketable equity securities | -36,000 | |||||||||||||||||||||||||||||||
net redemption of restricted equity securities | 0 | 102,000 | ||||||||||||||||||||||||||||||
benefit from (reversal of) credit losses | 8,330,000 | -6,060,000 | ||||||||||||||||||||||||||||||
benefit from losses on foreclosed assets | 97,000 | 449,000 | ||||||||||||||||||||||||||||||
benefit from (reversal of) credit losses on loans | ||||||||||||||||||||||||||||||||
accretion of operating lease roua | 1,317,000 | |||||||||||||||||||||||||||||||
unrealized loss on securities available for sale | -12,337,000 | |||||||||||||||||||||||||||||||
provision for (reversal of) credit losses | 8,000,000 | |||||||||||||||||||||||||||||||
accretion (amortization) of operating lease roua | ||||||||||||||||||||||||||||||||
net cash (used by) from investing activities | ||||||||||||||||||||||||||||||||
net cash used from financing activities | 12,748,000 | |||||||||||||||||||||||||||||||
reversal of benefit from loan losses | -1,600,000 | |||||||||||||||||||||||||||||||
net increase in deposits | 63,796,000 | 75,273,000 | 81,675,000 | 3,324,000 | -20,790,000 | 7,739,000 | -38,349,000 | 4,785,000 | ||||||||||||||||||||||||
cash and cash equivalents and beginning of year | 227,533,000 | 205,428,000 | 0 | 0 | 0 | 305,612,000 | 303,461,000 | 0 | ||||||||||||||||||||||||
provision for loan losses | 806,000 | 3,996,000 | ||||||||||||||||||||||||||||||
gain on sale of premises held for sale | 0 | 0 | 0 | -3,000 | ||||||||||||||||||||||||||||
life insurance proceeds in excess of cash value | 0 | |||||||||||||||||||||||||||||||
equity compensation tax effect | ||||||||||||||||||||||||||||||||
cash acquired in acquisition, net of consideration paid | 0 | |||||||||||||||||||||||||||||||
proceeds from sale of loans other than loans originated for resale | ||||||||||||||||||||||||||||||||
proceeds from sale of foreclosed assets | 321,000 | 3,021,000 | 2,205,000 | 233,000 | ||||||||||||||||||||||||||||
proceeds from sale of premises held for sale | 3,338,000 | |||||||||||||||||||||||||||||||
assets acquired in acquisition and goodwill | ||||||||||||||||||||||||||||||||
liabilities assumed in acquisition | 0 | 161,231,000 | ||||||||||||||||||||||||||||||
reserve for unfunded commitments | -1,427,000 | -137,000 | 700,000 | 175,000 | 390,000 | -135,000 | 15,000 | 175,000 | ||||||||||||||||||||||||
assets acquired in acquisition plus goodwill recognized | ||||||||||||||||||||||||||||||||
benefit from reversal of provision for loan losses | 765,000 | |||||||||||||||||||||||||||||||
insurance proceeds receivable reclassified to other assets | ||||||||||||||||||||||||||||||||
reversal of provision for loan losses | -236,000 | |||||||||||||||||||||||||||||||
provision for (reversal of) losses on foreclosed assets | 90,000 | |||||||||||||||||||||||||||||||
deferred gain on sale of premises held for sale | 438,000 | |||||||||||||||||||||||||||||||
provision for (benefit from reversal of) loan losses | ||||||||||||||||||||||||||||||||
provision for losses on fixed assets | ||||||||||||||||||||||||||||||||
proceeds from sale of securities available for sale | ||||||||||||||||||||||||||||||||
purchases of securities held to maturity | -30,311,000 | |||||||||||||||||||||||||||||||
improvement of foreclosed assets | 1,000 | |||||||||||||||||||||||||||||||
proceeds from the sale of premises held for sale | 0 | 0 | ||||||||||||||||||||||||||||||
cash received from acquisition | 156,316,000 | |||||||||||||||||||||||||||||||
due to broker | ||||||||||||||||||||||||||||||||
assets acquired in acquisition | 161,231,000 | |||||||||||||||||||||||||||||||
originations of residential mortgage loans for resale | ||||||||||||||||||||||||||||||||
proceeds from sale of residential mortgage loans originated for resale | ||||||||||||||||||||||||||||||||
write down of fixed assets held for sale | ||||||||||||||||||||||||||||||||
tax effect of equity compensation exercise or release | ||||||||||||||||||||||||||||||||
proceeds from sale of loans other than loans originated for sale | 27,049,000 | |||||||||||||||||||||||||||||||
cash acquired in acquisition | ||||||||||||||||||||||||||||||||
cash and cash equivalents at end of period | 20,385,000 | 25,296,000 | 681,760,000 | 406,294,000 | 13,980,000 | 308,664,000 | ||||||||||||||||||||||||||
fixed assets transferred to held for sale | ||||||||||||||||||||||||||||||||
due from broker | ||||||||||||||||||||||||||||||||
market value of shares tendered in-lieu of cash to pay for exercise of options, release of rsus, and/or related taxes | ||||||||||||||||||||||||||||||||
net decrease in deposits | -7,457,000 | |||||||||||||||||||||||||||||||
(reversal of) provision for loan losses | -1,557,000 | |||||||||||||||||||||||||||||||
reversal of losses on foreclosed assets | -66,000 | |||||||||||||||||||||||||||||||
stock option excess tax benefits | -10,000 | -390,000 | ||||||||||||||||||||||||||||||
benefit from loan losses | 209,000 | 7,001,000 | 8,500,000 | |||||||||||||||||||||||||||||
(reversal of) benefit from losses on foreclosed assets | -11,000 | |||||||||||||||||||||||||||||||
benefit from reversal of benefit from loan losses | ||||||||||||||||||||||||||||||||
equity compensation tax benefits | ||||||||||||||||||||||||||||||||
(purchase) redemption of restricted equity securities | 0 | |||||||||||||||||||||||||||||||
stock option vesting expense | 257,000 | 265,000 | 109,000 | |||||||||||||||||||||||||||||
net cash (used) provided by investing activities | -46,586,000 | |||||||||||||||||||||||||||||||
proceeds from life insurance death benefit | ||||||||||||||||||||||||||||||||
bargain purchase gain | ||||||||||||||||||||||||||||||||
proceeds from maturities of securities available-for-sale | 20,060,000 | 22,139,000 | 22,562,000 | 20,254,000 | ||||||||||||||||||||||||||||
purchases of securities available-for-sale | -3,588,000 | -25,456,000 | 0 | -101,255,000 | ||||||||||||||||||||||||||||
redemption of restricted equity securities | ||||||||||||||||||||||||||||||||
loan principal (increases) decreases | 33,795,000 | 24,056,000 | ||||||||||||||||||||||||||||||
cash received from acquisitions | ||||||||||||||||||||||||||||||||
change in reserve for unfunded commitments | -190,000 | 50,000 | ||||||||||||||||||||||||||||||
improvements of foreclosed assets | -225,000 | -17,000 | ||||||||||||||||||||||||||||||
net change in short-term other borrowings | -3,467,000 | -4,239,000 | ||||||||||||||||||||||||||||||
cash and cash equivalents at beginning of period | 637,275,000 | 371,066,000 | 346,589,000 | |||||||||||||||||||||||||||||
loans transferred to other real estate owned | 1,694,000 | 1,523,000 | 1,745,000 | 2,047,000 | ||||||||||||||||||||||||||||
unrealized net loss on securities available for sale | -265,000 | |||||||||||||||||||||||||||||||
unrealized net gain on securities available for sale | -387,000 | 3,588,000 | -388,000 | |||||||||||||||||||||||||||||
market value of shares tendered by employees in-lieu of cash to pay for exercise options and/or related taxes | 0 | 1,026,000 | ||||||||||||||||||||||||||||||
redemption (purchase) of restricted equity securities | ||||||||||||||||||||||||||||||||
net change in federal funds purchased | ||||||||||||||||||||||||||||||||
payments of principal on long-term other borrowings | ||||||||||||||||||||||||||||||||
market value of shares tendered by employees in-lieu of cash to pay for exercise of options and/or related taxes | ||||||||||||||||||||||||||||||||
depreciation and amortization of property and equipment | ||||||||||||||||||||||||||||||||
change in value of mortgage servicing rights | ||||||||||||||||||||||||||||||||
benefit from losses on other real estate owned | ||||||||||||||||||||||||||||||||
(gain) loss on sale of other real estate owned | ||||||||||||||||||||||||||||||||
loss on sale of fixed assets | ||||||||||||||||||||||||||||||||
stock option expense | ||||||||||||||||||||||||||||||||
stock option tax benefits | ||||||||||||||||||||||||||||||||
loan principal (originations) reductions | ||||||||||||||||||||||||||||||||
cash and cash equivalents and beginning of period | ||||||||||||||||||||||||||||||||
loans transferred to noncovered and covered foreclosed assets | ||||||||||||||||||||||||||||||||
provision for losses on other real estate owned | ||||||||||||||||||||||||||||||||
loss on sale of other real estate owned | ||||||||||||||||||||||||||||||||
change in fair value of mortgage servicing rights | 49,000 | |||||||||||||||||||||||||||||||
loan originations and principal collections | 35,342,000 | |||||||||||||||||||||||||||||||
net decrease in short-term other borrowings | -5,801,000 | |||||||||||||||||||||||||||||||
net cash provided (used) by financing activities | -2,823,000 | |||||||||||||||||||||||||||||||
net decrease in cash and cash equivalents | -37,925,000 |