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 $ 53,764 $ 41,652
Adjustments to reconcile net income to net cash provided by operating activities:    
Net premium / discount amortization on securities 874 916
Provision for credit losses 17,000 4,900
Originations of loans held-for-sale (53,108) (36,371)
Proceeds from sales of loans held-for-sale 54,925 35,369
Net gains on sales of mortgage loans (1,195) (1,014)
Mortgage servicing rights mark to market loss 304 1,101
Net accretion of purchase accounting adjustments and other discounts on loans (453) (508)
Net change in cash surrender value of BOLI (2,551) (1,188)
Net (gains) losses on sale of other real estate owned (98) 160
Provision for other real estate owned valuation losses 10 611
Depreciation of fixed assets and amortization of leasehold improvements 3,432 2,843
Change in operating lease right-of-use asset (1,028) 524
Amortization of core deposit intangibles 2,343 2,059
Change in current income taxes (9,744) (2,695)
Deferred tax expense 3,800 6,224
Change in accrued interest receivable and other assets 5,674 (648)
Accretion of purchase accounting adjustment on time deposits (49) (367)
Change in accrued interest payable and other liabilities (12,437) (13,135)
Change in operating lease payable 1,209 (881)
Stock based compensation 2,852 2,531
Net cash provided by operating activities 65,524 42,083
Cash flows from investing activities    
Proceeds from maturities and calls, including pay down of securities available-for-sale 160,366 159,559
Proceeds from sales of securities available-for-sale 0 0
Purchases of securities available-for-sale (116,027) (162,517)
Net (purchases) redemptions of FHLBC/FRBC stock (8,100) 354
Net change in loans (12,839) (27,341)
Purchases of BOLI policies (461) (460)
Proceeds from sales of other real estate owned, net of participations 1,525 19,349
Proceeds from disposition of premises and equipment 76  
Net purchases of premises and equipment (1,436) (2,398)
Cash received from acquisition, net   28
Net cash provided by (used in) investing activities 23,104 (13,426)
Cash flows from financing activities    
Net change in deposits (151,332) 30,075
Net change in securities sold under repurchase agreements (528) 10,595
Net change in other short-term borrowings 160,000 (20,000)
Redemption of subordinated debentures (30,000)  
Vesting of restricted stock, net of excise taxes 51  
Dividends paid on common stock (7,304) (5,397)
Purchase of treasury stock (40,207) (1,492)
Net cash (used in) provided by financing activities (69,320) 13,781
Net change in cash and cash equivalents 19,308 42,438
Cash and cash equivalents at beginning of period 124,025 99,329
Cash and cash equivalents at end of period $ 143,333 $ 141,767