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 $ 31,426 $ 16,354
Adjustments to reconcile net income to net cash:    
Net depreciation, amortization, and accretion (3,054) (1,451)
Provision for credit losses (2,300) 4,506
Stock-based compensation 3,231 1,826
Other, net (16) (112)
Net change in:    
Other assets 9,316 (10,330)
Other liabilities 16,426 (3,028)
Net cash provided by (used in) operating activities 55,029 7,765
Cash flows from investing activities    
Loan originations and payments, net (244,932) (306,187)
Redemptions of FRB and FHLB Stock 8 17,524
Purchases of FRB and FHLB Stock (101) (13,950)
Purchase of securities available-for-sale (108,997) (44,274)
Proceeds from paydowns and maturities of securities available-for-sale 34,245 12,898
Proceeds from paydowns and maturities of securities held-to-maturity 8,616 29,450
Purchase of premises and equipment (2,667) (2,186)
Net cash provided by (used in) investing activities (313,828) (306,725)
Cash flows from financing activities    
Proceeds from issuance of common stock, net 186,503  
Proceeds from (repayments of) federal funds purchased, net   (85,000)
Proceeds from (repayments of) FHLB advances, net   (80,000)
Redemption of common stock for tax withholdings for restricted stock vesting (4,562) (3,191)
Proceeds from (repayments of) secured borrowings, net 5,000 9,962
Net increase (decrease) in deposits 362,541 466,319
Purchase of treasury stock (9,859) (12,935)
Cash dividend paid (2,018)  
Net cash provided by (used in) financing activities 537,605 295,155
Increase (decrease) in cash and cash equivalents 278,806 (3,805)
Cash and cash equivalents at the beginning of the period 393,587 200,268
Cash and cash equivalents at the end of the period 672,393 196,463
Cash paid for:    
Interest 48,422 50,552
Income Taxes $ 2,930 $ 8,174