v3.26.1
CONDENSED 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 $ 55,340 $ 25,437
Adjustments to reconcile net income to net cash provided by operations:    
Provision for credit loss expense 2,775 5,894
Depreciation and amortization of premises and equipment, operating leases assets, core deposit intangible, and mortgage servicing rights 7,506 3,900
Accretion of securities, deferred loan fees and costs, net yield and credit mark on acquired loans, and unearned income (10,618) (3,414)
Net amortization of deferred costs on borrowings 126 152
Net realized gains on sales of available-for-sale securities (331) 0
Net realized and unrealized gains on equity securities (618) (318)
Gain on sale of loans held for sale (604) (119)
Net losses on dispositions of premises and equipment and foreclosed assets 201 140
Proceeds from sale of loans held for sale 17,000 8,775
Origination of loans held for sale (17,353) (9,163)
Income on bank owned life insurance (2,010) (1,556)
Gain on bank owned life insurance (death benefit proceeds in excess of cash surrender value) (143) (180)
Restricted stock compensation expense 1,827 1,100
Change in:    
Accrued interest receivable and other assets (351) 6
Accrued interest payable, lease liabilities, and other liabilities 3,346 1,175
NET CASH PROVIDED BY OPERATING ACTIVITIES 56,093 31,829
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from maturities, prepayments and calls of available-for-sale securities 60,223 50,848
Proceeds from sales of available-for-sale securities 36,670 0
Purchase of available-for-sale securities (211,890) (93,211)
Proceeds from maturities, prepayments and calls of held-to-maturity securities 39,441 36,540
Purchase of equity securities (199) (163)
Net increase in loans receivable (13,431) (125,882)
Proceeds from death benefit of bank owned life insurance policies 618 884
Purchase of FHLB, other equity, and restricted equity interests (18,873) (1,490)
Purchase of premises and equipment (1,284) (4,087)
Proceeds from the sale of premises and equipment and foreclosed assets 588 1,451
NET CASH USED BY INVESTING ACTIVITIES (108,137) (135,110)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase in checking, money market and savings accounts 4,836 68,701
Net increase in certificates of deposit 48,519 27,017
Net decrease in deposits held for sale (6,816) 0
Purchase of treasury stock (542) (332)
Cash dividends paid, common stock (11,260) (7,579)
Cash dividends paid, preferred stock (2,150) (2,150)
Redemption of subordinated notes (50,000) 0
NET CASH (USED) PROVIDED BY FINANCING ACTIVITIES (17,413) 85,657
NET DECREASE IN CASH AND CASH EQUIVALENTS (69,457) (17,624)
CASH AND CASH EQUIVALENTS, Beginning 527,896 443,035
CASH AND CASH EQUIVALENTS, Ending 458,439 425,411
Cash paid during the period for:    
Interest 74,981 65,794
Income taxes 2,764 3,700
SUPPLEMENTAL NONCASH DISCLOSURES:    
Transfers to other real estate owned 2,289 424
Transfers from loans held for sale to loans held for investment 1,358 317
Grant of restricted stock award grants from treasury stock 0 2,654
Grant of performance based restricted stock award grants from treasury stock 283 167
Forfeiture of restricted stock award grants 289 220
Lease liabilities arising from obtaining right-of-use assets $ 77 $ 0