v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
OPERATING ACTIVITIES:    
Net income $ 50,096 $ 43,320
Adjustments to reconcile net income to net cash provided by operations:    
Depreciation and net amortization 5,262 5,310
Securities premium amortization (discount accretion), net 5,852 3,562
Loan (discount accretion) premium amortization, net 301 389
Provision for (reversal of) credit losses 1,493 1,380
Stock compensation expense 2,658 1,600
Deferred tax expense (benefit) (13) (400)
Net (gain) loss on sale of AFS securities 0 554
Net loss on premises and equipment 61 1,293
Gross proceeds from sales of loans held for sale 6,891 8,332
Gross originations of loans held for sale (5,900) (6,814)
Net (gain) loss on OREO (3) 136
Loss on redemption of subordinated notes 791 0
Net change in:    
Interest receivable (1,583) 1,178
Other assets 14,153 1,564
Interest payable 667 586
Other liabilities 555 (32,105)
Net cash provided by (used in) operating activities 81,281 29,885
Securities AFS:    
Purchases (338,418) (256,059)
Sales 0 120,242
Maturities, calls and principal repayments 212,462 254,464
Securities HTM:    
Maturities, calls and principal repayments 37,622 7,747
Proceeds from redemption of FHLB stock and equity investments 19,360 18,112
Purchases of FHLB stock and equity investments (50,532) (8,713)
Net loan paydowns (originations) (132,514) 59,252
Purchases of premises and equipment (8,771) (10,366)
Proceeds from (purchases of) BOLI 1,217 1,143
Proceeds from sales of premises and equipment (22) (288)
Net proceeds from sales of OREO 133 0
Proceeds from sales of repossessed assets 29 68
Net cash provided by (used in) investing activities (259,434) 185,602
FINANCING ACTIVITIES:    
Net change in deposits (695,764) (22,321)
Net change in other borrowings 211,130 23,398
Proceeds from FHLB borrowings 4,323,000 2,716,000
Repayment of FHLB borrowings (3,538,288) (2,936,383)
Redemption of subordinated notes (93,000) 0
Proceeds from stock option exercises 71 703
Cash paid to tax authority related to tax withholding on share-based awards (570) (558)
Purchase of common stock 0 (11,076)
Proceeds from the issuance of common stock for dividend reinvestment plan 466 514
Cash dividends paid (21,422) (21,830)
Net cash provided by (used in) financing activities 185,623 (251,553)
Net increase (decrease) in cash and cash equivalents 7,470 (36,066)
Cash and cash equivalents at beginning of period 389,786 426,161
Cash and cash equivalents at end of period 397,256 390,095
SUPPLEMENTAL DISCLOSURES FOR CASH FLOW INFORMATION:    
Interest paid 90,486 90,146
Income taxes paid 8,500 8,750
SUPPLEMENTAL DISCLOSURES OF NONCASH INVESTING AND FINANCING ACTIVITIES:    
Loans transferred to other repossessed assets and real estate through foreclosure 30 202
Unsettled trades to purchase securities 0 50,514
Unsettled trades to repurchase common stock $ 0 $ 747