v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities    
Net income $ 50,649 $ 35,121
Adjustments to reconcile net income to net cash:    
Net depreciation, amortization, and accretion (4,735) (3,414)
Provision for credit losses 11,025 10,884
Stock-based compensation 7,396 4,417
Other, net (37) (167)
Net change in:    
Other assets (22,122) (13,845)
Other liabilities 2,082 (6,847)
Net cash provided by (used in) operating activities 44,258 26,149
Cash flows from investing activities    
Loan originations and payments, net (563,812) (574,464)
Proceeds from the sale of loans 4,712  
Redemptions of FRB and FHLB Stock 8 24,195
Purchases of FRB and FHLB Stock (7,135) (20,856)
Purchase of securities available-for-sale (153,534) (85,142)
Purchase of securities held to maturity (77,168)  
Proceeds from paydowns and maturities of securities available-for-sale 58,213 30,801
Proceeds from paydowns and maturities of securities held-to-maturity 18,481 40,385
Purchase of premises and equipment (3,927) (3,064)
Net cash provided by (used in) investing activities (724,162) (588,145)
Cash flows from financing activities    
Proceeds from issuance of common stock, net 186,503  
Proceeds from (repayments of) federal funds purchased, net   (160,000)
Proceeds from (repayments of) FHLB advances, net   (90,000)
Redemption of common stock for tax withholdings for restricted stock vesting (4,942) (3,550)
Proceeds from (repayments of) secured borrowings, net 4,963 9,925
Net increase (decrease) in deposits 354,304 808,333
Purchase of treasury stock (9,859) (50,527)
Cash dividend paid (5,388)  
Net cash provided by (used in) financing activities 525,581 514,181
Increase (decrease) in cash and cash equivalents (154,323) (47,815)
Cash and cash equivalents at the beginning of the period 393,587 200,268
Cash and cash equivalents at the end of the period 239,264 152,453
Cash paid for:    
Interest 98,545 103,688
Income Taxes $ 45,301 $ 15,527