v3.26.1
UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net income $ 112,714 $ 97,373
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of deferred loan origination (fees), net of costs, and accretion of fair value discounts on loans (965) 588
Accretion of investment securities discounts, net of amortization of premiums (793) (259)
Amortization of other intangible assets 1,970 2,464
Net change in operating leases (160) (121)
Depreciation and amortization of premises and equipment 9,677 10,170
Deferred income tax benefit, net (3,867) (1,218)
Provision for credit losses 35,489 47,366
Stock-based compensation 2,996 3,150
(Gain) loss on:    
Sale of loans 50 (1,078)
Foreclosed real estate and other repossessed assets (1,171) (374)
Sale of other assets 5 0
Originations and purchases of loans held-for-sale (45,324) (66,993)
Proceeds from sale of loans held-for-sale 66,991 25,494
Net decrease (increase) in:    
Accrued interest receivable 964 (2,106)
Servicing assets (1,534) 1,847
Other assets (21,621) (42,158)
Net (decrease) increase in:    
Accrued interest on deposits and borrowings (1,277) 1,619
Accrued expenses and other liabilities (27,828) 43,239
Net cash provided by operating activities 126,316 119,003
Purchases of:    
Investment securities available-for-sale (51,291) (150,100)
FHLB stock (14,175) (30,367)
Equity securities (2,150) (1,519)
Maturities and redemptions of:    
Investment securities available-for-sale 207,174 169,900
Investment securities held-to-maturity 10,581 10,708
FHLB stock 14,246 27,226
Proceeds from sales of:    
Foreclosed real estate and other repossessed assets, including write-offs 25,754 27,578
Premises and equipment 17 0
Origination and purchase of loans, excluding loans held-for-sale (1,916,065) (1,813,510)
Principal repayment of loans 1,684,746 1,362,408
Additions to premises and equipment (12,488) (8,499)
Net cash used in investing activities (53,651) (406,175)
Net (decrease) increase in:    
Deposits (292,393) 525,130
Securities sold under agreements to repurchase 0 (47,657)
FHLB advances and other borrowings (9) 130,000
Exercise of stock options and restricted units lapsed, net of employee awards repurchased (2,471) (3,529)
Purchase of treasury stock (44,473) (31,087)
Dividends paid on common stock (27,948) (25,024)
Net cash (used in) provided by financing activities (367,294) 547,833
Net change in cash and cash equivalents (294,629) 260,661
Cash and cash equivalents at beginning of period 1,040,335 591,137
Cash and cash equivalents at end of period 745,706 851,798
Reconciliation of the Consolidated Statements of Cash Flows to the Consolidated Statements of Financial Condition:    
Cash and due from banks 740,450 844,492
Money market investments 5,256 7,306
Total cash and cash equivalents at end of period 745,706 851,798
Supplemental Cash Flow Disclosure and Schedule of Non-cash Activities:    
Interest paid 79,932 79,065
Income taxes paid 83,293 41,857
Operating lease liabilities paid 4,466 4,584
Mortgage loans held-for-sale securitized into mortgage-backed securities 43,649 40,815
Transfer from loans to foreclosed real estate and other repossessed assets 24,506 24,279
Reclassification of commercial loans held-for-investment to held-for-sale portfolio 62,491 0
Reclassification of mortgage loans held-for-sale portfolio to held-for-investment portfolio 4,422 0
Financed sales of foreclosed real estate 0 309
Delinquent loans booked under the GNMA buy-back option $ 52,938 $ 43,282