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 $ 54,740 $ 60,103
Adjustment to Reconcile Net Income to Cash Provided by (Used in) Operating Activity [Abstract]    
Depreciation and amortization/accretion 1,665 4,221
Reversal of Provision for Credit Losses (300) (550)
Stock option compensation expense 450 600
Amortization of deferred loan cost (141) (161)
Bank owned life insurance gains 0 (208)
Adjustment to Reconcile Net Income to Cash Provided by (Used in) Operating Activity, Increase (Decrease) in Operating Capital [Abstract]    
Interest income receivable 1,446 4,435
Equity securities held for trading 211 0
Income taxes payable (3,122) (376)
Deferred income taxes 3,533 4,465
Other assets (2,110) (56)
Interest expense payable 147 141
Other liabilities (1,525) (7,025)
Net Cash Provided by Operating Activities 55,276 65,911
Investing Activities:    
Net repayments of loans 57,025 71,432
Proceeds from bank owned life insurance policies 0 904
Purchases of debt securities available for sale (600,154) (88,992)
Proceeds from maturity/calls of debt securities available for sale 390,614 327,019
Purchases of debt securities held to maturity (19,328) 0
Proceeds from maturity/calls of debt securities held to maturity 34,488 13,374
Purchases of premises and equipment (1,320) (934)
Net Cash (Used in) Provided by Investing Activities (138,675) 322,803
Financing Activities:    
Net change in deposits (67,242) (264,315)
Net change in short-term borrowings (5,485) (19,112)
Exercise of stock options 6,341 0
Retirement of common stock (92,519) (56,572)
Excise tax on net common stock repurchases (1,026) 0
Common stock dividends paid (22,537) (23,772)
Net Cash Used in Financing Activities (182,468) (363,771)
Net Change in Cash and Due from Banks (265,867) 24,943
Cash and Due from Banks at Beginning of Period 567,801 601,494
Cash and Due from Banks at End of Period 301,934 626,437
Supplemental Cash Flow Disclosures:    
Right-of-use assets acquired in exchange for operating lease liabilities 2,989 5,360
Supplemental disclosure of cash flow activities:    
Cash paid for amounts included in operating lease liabilities 3,341 3,271
Interest paid for the period 6,469 6,444
Income tax payments for the period $ 19,230 $ 16,710