v3.26.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash Flows From Operating Activities    
Net income $ 97,178 $ 74,972
Reconciliation of net income to net cash provided by operating activities:    
Provision for credit losses 4,252 3,328
Net premium amortization and discount accretion 420 (13)
Deferred income taxes, net 11,995 1,654
Bank-owned life insurance income (2,698) (2,449)
Depreciation of premises and equipment 3,282 3,457
Stock-based compensation expense 2,020 2,321
Amortization of intangible assets 2,446 2,984
Gains on sale of loans (2,761) (968)
Origination of presold mortgage loans and SBA loans held for sale (69,376) (41,103)
Proceeds from sales of presold mortgage loans and SBA loans 85,977 42,357
Change in other assets, other liabilities and accrued interest, net (3,024) 11,864
Other (2,035) (97)
Net cash provided by (used in) operating activities 127,676 98,307
Cash Flows From Investing Activities    
Purchases of securities available for sale (27,184) (136,987)
Proceeds from maturities, calls and principal repayments of securities available for sale 127,278 103,558
Proceeds from maturities, calls and principal repayments of securities held to maturity 1,208 1,403
Purchases of Federal Reserve and FHLB stock (375) (359)
Redemptions of Federal Reserve and FHLB stock 10 0
Purchases of other investments (7,500) (10,902)
Net (increase) decrease in loans (286,669) (135,599)
Purchases of premises and equipment (2,890) (1,611)
Other 1,480 5,144
Net cash (used in) provided by investing activities (194,642) (175,353)
Cash Flows From Financing Activities    
Net increase (decrease) in deposits 336,323 299,650
Proceeds from the issuance of FHLB and FRB borrowings 1,000 2,000
Repayment of FHLB and FRB borrowings (1,025) (2,024)
Cash dividends paid – common stock (19,468) (18,208)
Repurchases of common stock (7,270) (992)
Proceeds from stock option exercises 136 1,238
Payment of taxes related to stock withheld (1,993) (839)
Net cash provided by (used in) financing activities 307,703 280,825
Increase (decrease) in cash and cash equivalents 240,737 203,779
Cash and cash equivalents, beginning of period 309,595 507,507
Cash and cash equivalents, end of period 550,332 711,286
Supplemental Disclosures of Cash Flow Information:    
Cash paid during the period for interest 71,962 79,730
Cash paid during the period for income taxes 1,504 8,836
Non-cash: Unrealized (loss) gain on securities available for sale, net of taxes (7,957) 52,511
Non-cash: Foreclosed loans transferred to foreclosed real estate 386 494
Non-cash: Accrued dividends at end of period 9,930 9,539
Non-cash: Initial recognition of operating lease right-of-use assets and liabilities 686 939
Non-cash: Affordable housing investments obtained in exchange for funding commitments $ 5,023 $ 42,248