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 $ 114,668 $ 17,463
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities    
Recovery for Credit Losses, including Recovery for Unfunded Loan Commitments (32,679) (4,804)
Origination of Loans Held-for-Sale (9,748) (7,877)
Proceeds From Loans Held-for-Sale 9,692 7,711
Depreciation/Amortization of Bank Premises and Equipment 4,284 3,850
Provision for Deferred Taxes 5,275 1,628
Net Amortization of Securities 13,592 1,707
Tax Credit Amortization 86 325
Gains on Sales of Loans Held-for-Sale (72) (80)
Gain on the Loan Sale Transaction (65,000) 0
Gain on the Insurance Transaction (35,949) 0
Losses on Sales of Securities, net 12,451 0
Unrealized Loss (Gain) on Equity Securities 116 (159)
Commercial Loan Swap Derivative Loss 8 96
Increase in the Value of Life Insurance Contracts (893) (698)
Gain on Bank Owned Life Insurance Death Benefit 0 (1,882)
1035 Exchange Fee on Bank Owned Life Insurance 0 527
Balance Sheet Hedge Fair Value Adjustment 0 140
Recognition of Restricted Stock Compensation Expense 1,135 1,010
Decrease in Other Assets 5,169 734
Increase (Decrease) in Other Liabilities 21,234 (3,716)
Net Cash Provided By Operating Activities 43,369 15,975
Securities Available-for-Sale:    
Proceeds from Sales 142,283 0
Proceeds from Maturities, Redemptions, and Paydowns 20,419 30,445
Purchases (125,177) (53,317)
Purchase of Equity Securities (2,500) 0
Purchase of Bank Premises and Equipment, Net (3,885) (3,440)
Proceeds from Sales of Bank Premises and Equipment, net 0 0
Net Cash Acquired from Branch Purchase 0 53,573
Proceeds from Sale of Portfolio Loans From the Loan Sale Transaction 289,484 0
Proceeds From the Insurance Transaction 55,663 0
Redemption (Purchase) of Other Restricted Stock, at Cost, net 8,354 (2,166)
Loan Originations, net (66,869) (123,139)
Proceeds from Death Benefit on Bank Owned Life Insurance 0 3,077
Proceeds from Surrender of BOLI Policies 7,161 0
Proceeds from Sales and Payments of Other Real Estate Owned 0 473
Net Cash Used In Investing Activities 324,933 (94,494)
FINANCING ACTIVITIES    
Net Change in Demand, Money Markets and Savings Accounts 42,350 49,649
Decrease in Certificates of Deposits (55,683) (36,758)
Proceeds from Federal Home Loan Bank Borrowings 299,000 245,000
Repayments on Federal Home Loan Bank Borrowings (477,500) (201,500)
Repurchase of Common Stock (2,878) (9,138)
Cash Dividends Paid to Common Shareholders (2,219) 0
Net Cash (Used In) Provided By Financing Activities (196,930) 47,253
Net Increase (Decrease) in Cash and Cash Equivalents 171,372 (31,266)
Cash and Cash Equivalents at Beginning of Period 105,163 131,171
Cash and Cash Equivalents at End of Period 276,535 99,905
SUPPLEMENTARY DATA    
Cash Interest Paid 45,872 52,800
Cash Paid for Income Taxes 2,800 1,480
Transfer from Portfolio Loans to Other Real Estate Owned, net 2,937 0
Transfer from Bank Premises and Equipment, net to Other Real Estate Owned, net 2,172 1,814
Right-of-use Asset Recorded in Exchange for Lease Liabilities 107 958
Stock Repurchase Excise Tax Settled in Subsequent Period (181) (75)
Stock Repurchases Settled in Subsequent Period 0 (181)
Portfolio Loans Transferred to Held-for-Sale $ 209,484 $ 0