v3.26.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash Flows from Operating Activities    
Net income $ 27,349 $ 27,201
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of fixed assets 1,868 1,671
Amortization of other intangible assets 3,714 4,328
Amortization on assumed liabilities 1,351 2,221
Accretion income related to acquired loans (6,817) (11,447)
Amortization of housing tax credits 1,531 1,859
Realized (gain) on sales of available-for-sale securities (1,799) (1)
Realized loss on sales of OREO property 0 2
Provision for credit losses 12 501
Income from company-owned life insurance (1,479) (1,193)
Deferred tax expense (benefit) 2,040 (1,495)
Loss on disposal of fixed assets 9 88
Accretion of securities (1,648) (1,003)
Amortization of securities 2,533 2,400
Share-based compensation expense 1,148 1,305
Repayment of operating lease liabilities (670) (626)
(Gain) on loans held-for-sale (24) (78)
Proceeds from sale of loans held-for-sale 2,573 6,647
Originations of loans held-for-sale (2,184) (5,540)
(Increase) in accrued interest receivable (2,183) (27)
Decrease (increase) in other assets 5,928 (24,845)
(Decrease) increase in accrued interest payable and other liabilities (6,750) 35,679
Net cash flows provided by operating activities 26,502 37,647
Cash Flows from Investing Activities    
Proceeds from maturities, prepayments, and calls of securities available-for-sale, net 30,357 50,373
Proceeds from sale of securities available-for-sale, net 65,418 0
Purchases of securities available-for-sale, net (319,559) (48,542)
Business acquisitions, net (1,300) 0
Sales of restricted stock 0 29,068
Purchases of restricted stock (3,624) (30,621)
Purchases of property and equipment, net of disposals (1,874) (1,778)
Proceeds from company-owned life insurance 73 0
Proceeds from sale of OREO property 0 161
(Increase) decrease in loans made to customers, net (10,471) 23,944
Net cash flows (used in) provided by investing activities (240,980) 22,605
Cash Flows from Financing Activities    
Net increase in non-interest-bearing accounts 30,670 2,487
Net increase (decrease) in interest-bearing accounts (102,346) 24,145
Net increase (decrease) in other short-term borrowings 75,000 (65,000)
Repayment of finance lease liabilities (78) (56)
Cash dividends paid (8,496) (8,462)
Proceeds from employee stock purchase program 184 63
Issuance of common stock 9 103
Net cash flows (used in) financing activities (5,057) (46,720)
(Decrease) increase in cash and cash equivalents (219,535) 13,532
Cash and cash equivalents    
Beginning of period 289,127 135,314
End of period 69,592 148,846
Cash payments for:    
Interest paid to depositors 26,756 32,672
Interest paid on short-term borrowings 3,049 3,732
Interest paid on subordinated debt and trust preferred securities 318 1,326
Interest paid on finance leases 35 27
Income taxes paid (net of refunds) 26 3,595
Change in unrealized gains on available-for-sale securities (14,615) 7,726
Lease liability arising from obtaining right-of-use assets 600 0
Loans transferred to other real estate owned $ 417 $ 0