v3.25.2
Unaudited Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net income $ 41,126 $ 31,037
Adjustments to reconcile net income to net cash provided from operating activities:    
Provision for credit losses 12,986 12,947
Deferred income tax benefit (1,552) (327)
Depreciation of premises and equipment 3,727 4,076
Accretion of investment securities premiums and discounts, net (2,484) (3,121)
Accretion of premiums and discounts and deferred loan and lease origination costs, net (2,969) (3,324)
Amortization of identified intangible assets 2,861 3,377
Amortization of debt issuance costs 51 50
Amortization (accretion) of acquisition fair value adjustments, net 305 760
Gain on sales of loans and leases held-for-sale (288) (130)
Write-down of other repossessed assets 316 137
Compensation under recognition and retention plans 1,700 1,696
Net change in:    
Cash surrender value of bank-owned life insurance (1,031) (989)
Other assets 47,261 (23,964)
Accrued expenses and other liabilities (60,378) 14,881
Net cash provided from operating activities 41,631 37,106
Cash flows from investing activities:    
Proceeds from maturities, calls, and principal repayments of investment securities available-for-sale 60,710 94,901
Purchases of investment securities available-for-sale (11,737) (41,071)
Proceeds from redemption/sales of restricted equity securities 24,139 12,093
Purchase of restricted equity securities (7,465) (13,461)
Proceeds from sales of loans and leases held-for-investment, net 51,549 6,908
Net decrease (increase) in loans and leases 135,203 (101,228)
Purchase of premises and equipment, net (972) (2,660)
Proceeds from sales of other repossessed assets 194 641
Net cash provided from (used for) investing activities 251,621 (43,877)
Cash flows from financing activities:    
Increase in demand checking, NOW, savings and money market accounts 129,904 3,276
(Decrease) increase in certificates of deposit and brokered deposits (70,570) 185,070
Proceeds from FHLB advances 546,000 752,100
Repayment of FHLB advances (967,257) (710,363)
Increase in other borrowed funds, net 56,393 10,869
Decrease in mortgagors' escrow accounts, net (586) (122)
Payment of dividends on common stock (24,058) (24,002)
Net cash (used for) provided from financing activities (330,174) 216,828
Net (decrease) increase in cash and cash equivalents (36,922) 210,057
Cash and cash equivalents at beginning of period 543,670 133,027
Cash and cash equivalents at end of period 506,748 343,084
Cash paid during the period for:    
Interest on deposits, borrowed funds and subordinated debt 135,390 141,785
Income taxes 12,731 7,065
Non-cash investing activities:    
Transfer from loans to other repossessed assets $ 695 $ 1,058