v3.26.1
Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net income $ 38,355 $ 30,336
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Provision for credit losses 2,649 2,580
Changes in deferred tax, net (16,063) 1,189
Share-based compensation 1,149 738
Loss on sale of investment securities available-for-sale 104 338
Gain on sale of factored receivables (3,463)  
Gain on sale of SBA loans   (74)
Write-up of other real estate owned (51) (184)
Loss on sale of other real estate owned   3
Write-down of fixed assets 34 9
Accretion of premium on securities, net (1,350) (332)
Accretion of gain on terminated cash flow hedges (1,539) (1,597)
Accretion of loan fees (7,015) (7,136)
Amortization of subordinated debt origination costs 103 103
Depreciation and amortization 3,286 2,373
Earnings on bank-owned life insurance (1,498) (1,420)
Net change in operating leases (6) 29
Net change in derivative assets and liabilities (1,076) 700
Changes in operating assets and liabilities:    
Accrued interest receivable and other assets (1,847) (4,640)
Accrued interest payable and other liabilities (5,508) 1,339
Net cash provided by operating activities 6,264 24,354
Cash flows from investing activities:    
Net (increase) decrease in interest bearing deposits in other banks (6) 94
Net purchase of non-marketable equity securities (1,877) (2,781)
Investment securities available-for-sale activity:    
Purchases (2,492,185) (50,700)
Sales 60,695 53,407
Maturities, calls and principal paydowns 2,479,920 31,166
Purchases of investment securities held-to-maturity   (206,074)
Proceeds from termination of derivative instruments   1,506
Net originations on loans held for investment (237,857) (116,230)
Net additions to bank premises and equipment (15,031) (748)
Proceeds from sales of foreclosed assets   137
Purchase of bank-owned life insurance   (5,000)
Net cash acquired from acquisition of Keystone Bancshares, Inc. 64,125  
Net cash used in investing activities (142,216) (295,223)
Cash flows from financing activities:    
Net increase (decrease) in deposits 384,516 (29,629)
Net repayment of FHLB Advances (40,000)  
Net advance from line of credit - senior debt 22,500  
Forfeiture of restricted stock grants withheld to satisfy tax obligations (149) (27)
Proceeds from stock options exercised 1,121 647
Dividends paid on Series A preferred stock (2,368) (2,368)
Net cash provided by (used in) financing activities 365,620 (31,377)
Change in cash and cash equivalents 229,668 (302,246)
Cash and cash equivalents at beginning of period 181,229 421,202
Cash and cash equivalents at end of period 410,897 118,956
Supplemental Disclosures of Cash Flow Information:    
Cash paid for interest 89,539 76,847
Cash paid for federal income taxes and purchased tax credits 18,607 2,200
Net cash payments for state income taxes 424 740
Supplemental Disclosure of Noncash Investing and Financing Activities:    
Loans transferred to other real estate owned, net 18,882 7,675
Right of use lease assets obtained in exchange for operating lease liabilities 1,185 $ 106
Common stock issued for acquisition of Keystone Bancshares, Inc. $ 103,862