v3.26.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities    
Net income $ 66,651 $ 33,055
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 13,209 13,758
Provision for credit losses 45,900 52,216
Accretion of discount on securities, net (365) (230)
Deferred tax benefit (7,386) (843)
Originations of loans held for sale (665,328) (697,086)
Proceeds from sales of loans held for sale 633,666 627,599
Net gains on sale of loans held for sale (32,979) (33,008)
Net loss on impairment or sale of foreclosed assets 186 12
Net loss (gain) on loans accounted for under fair value option 874 (48)
Net change in servicing assets (3,578) (4,215)
Purchase of transferable tax credits (22,966) 0
Net loss on disposal of property and equipment 238 3,122
Proceeds received from government guaranteed receivables 97,196 8,384
Equity method investments loss (income) 743 4,955
Equity security investments (gains) losses, net 0 (1,024)
Net (gain) loss on equity warrant assets (77) 419
Renewable energy tax credit investment impairment 26 270
Restricted stock compensation expense 14,270 13,612
Stock based compensation excess tax benefit (deficiency) 104 (224)
Lease right-of-use assets and liabilities, net 22 7
Changes in assets and liabilities:    
Other assets (3,881) 6,904
Other liabilities (17,955) (4,090)
Net cash provided by operating activities 118,570 23,545
Cash flows from investing activities    
Purchases of investment securities available-for-sale (151,852) (126,937)
Proceeds from maturities, calls, and principal paydowns of investment securities available-for-sale 101,373 77,572
Proceeds from sale of foreclosed assets 2,178 827
Loan and lease originations and principal collections, net (850,256) (740,040)
Purchases of equity security investments (406) (4,471)
Purchases of equity method investments (380) (3,060)
Proceeds from sale of equity security investments 391 359
Proceeds from sale of equity method investments 1,511 385
Proceeds from sale of premises and equipment 450 4,361
Purchases of premises and equipment, net (4,856) (3,719)
Net cash used by investing activities (901,847) (794,723)
Cash flows from financing activities    
Net increase in deposits 858,867 834,296
Proceeds from borrowings 71 84
Repayment of borrowings (2,709) (5,245)
Stock option exercises 595 1,546
Employee stock purchase program 484 659
Tax withholding related to vesting of restricted stock and other (4,342) (3,471)
Shareholder dividend distributions - preferred (4,188) 0
Shareholder dividend distributions - common (2,775) (2,736)
Net cash provided by financing activities 846,003 825,133
Net increase in cash and cash equivalents 62,726 53,955
Cash and cash equivalents, beginning 864,904 608,800
Cash and cash equivalents, ending 927,630 662,755
Supplemental disclosures of cash flow information    
Interest paid 230,245 227,748
Income tax paid, net 63,619 7,221
Supplemental disclosures of noncash investing and financing activities    
Unrealized holding (losses) gains on investment securities available-for-sale, net of taxes (7,896) 20,830
Transfers from loans and leases to foreclosed real estate and other repossessions or government guaranteed receivable 122,282 18,894
Net transfers between foreclosed assets and government guaranteed receivable (328) 33
Transfer of loans held for sale to loans and leases held for investment 44,953 113,326
Transfer of loans and leases held for investment to loans held for sale 73,441 19,708
Transfer from retained earnings to other assets for pro rata portion of equity method investee stock compensation expense $ 0 $ 274