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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 (Loss) $ 77,760 $ 58,330
Adjustments to reconcile net income to net cash from operating activities:    
Provision for credit losses 12,699 21,102
Impairment loss on assets held for sale 496 0
Depreciation and amortization of premises and equipment 2,208 2,270
Net accretion of securities (2,908) (2,564)
Change in fair value of equity securities, net 285 (894)
Net (gains) losses on sales and calls of securities available-for-sale (21) 37
Net (gains) losses on sales or disposals of premises and assets held for sale 49 (843)
Net gains on sales of loans (11,563) (10,352)
Net gains on sales of leases 0 (119)
Originations of U.S. government guaranteed loans (159,872) (168,234)
Proceeds from U.S. government guaranteed loans sold 127,652 124,600
Accretion of premiums and discounts on acquired loans, net (4,447) (5,573)
Net change in servicing assets (57) 155
Net (gains) losses on sales and valuation adjustments of other real estate owned 669 (28)
Net amortization of other acquisition accounting adjustments 2,497 2,679
Amortization of subordinated debt issuance cost 57 87
Accretion of junior subordinated debentures discount 405 246
Share-based compensation expense 4,612 4,377
Deferred tax provision (benefit) 5,934 (1,489)
Increase in cash surrender value of bank owned life insurance (1,953) (1,768)
Gain on death benefit on bank owned life insurance 0 (587)
Changes in assets and liabilities:    
Accrued interest receivable and other assets 505 9,295
Accrued interest payable and other liabilities 13,714 13,621
Net cash provided by operating activities 68,721 44,348
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from sales of equity securities 2,599 0
Proceeds from calls of equity securities 300 0
Purchases of securities available-for-sale (372,329) (151,270)
Proceeds from maturities and calls of securities available-for-sale 25,044 26,558
Proceeds from paydowns of securities available-for-sale 114,233 80,824
Proceeds from sales of securities available-for-sale 9,109 14,221
Proceeds from maturities and calls of securities held-to-maturity 0 605
Redemptions of Federal Home Loan Bank stock, net 2,537 8,803
Proceeds from other loans and leases sold 6,946 12,184
Net change in loans and leases (46,482) (289,717)
Purchases of premises and equipment (1,467) (3,100)
Proceeds from sales of assets held for sale 0 2,146
Proceeds from sales of other real estate owned 117 1,016
Proceeds from bank owned life insurance death benefit 0 1,736
Net cash received in acquisition of business 0 61,834
Net cash used in investing activities (259,393) (234,160)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net increase in deposits 223,292 72,597
Repayments of term loan 0 (11,667)
Proceeds from short-term borrowings 8,172,200 4,300,000
Repayments of short-term borrowings (8,140,200) (4,495,000)
Proceeds from long-term borrowings 12,750 0
Net change in securities sold under agreements to repurchase (3,899) 2,004
Dividends paid on common stock (11,055) (9,148)
Proceeds from issuance of common stock 912 1,043
Repurchases of common stock (18,864) (13,783)
Net cash provided by (used in) financing activities 235,136 (153,954)
NET CHANGE IN CASH AND CASH EQUIVALENTS 44,464 (343,766)
CASH AND CASH EQUIVALENTS, beginning of period 149,095 563,138
CASH AND CASH EQUIVALENTS, end of period 193,559 219,372
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
Cash paid during the period for interest 86,270 104,445
Cash paid during the period for income taxes 29,916 22,829
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Transfer of loans to other real estate owned 545 596
Transfer of land and premises to assets held for sale 1,217 1,311
Right-of-use assets exchanged for operating lease liabilities 1,081 2,143
Due from counterparties - loans sold, not settled 24,998 16,275
Common dividend declared, not paid (159) (87)
Common share withholding 4,058 4,863
Common stock issued due to acquisition of business 0 41,303
Total assets acquired from acquisition 0 321,991
Value ascribed to goodwill 0 147
Total liabilities assumed from acquisition $ 0 $ 280,634