v3.26.1
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 $ 54,116 $ 45,609
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 4,143 4,219
Depreciation, amortization and accretion, net 11,068 9,864
Change in cash surrender value of bank owned life insurance (2,792) (2,406)
Gain on death benefit paid from bank owned life insurance (92) (487)
Stock-based compensation expense 1,680 1,359
Operating lease payments (1,760) (1,639)
Loss (gain) on sale of investment securities, net (83) 181
Loss on sales and write-downs of other real estate owned, net 99 88
Loss (gain) on sale of premises and equipment (10) 79
Gain on sale of loans held for sale, net (2,099) (1,676)
Loss on repayment of subordinated debt 94 289
Gain on repayment of other borrowings 0 (85)
Decrease in accrued interest receivable 1,081 638
Decrease (increase) in accrued interest payable 943 1,635
Origination of loans held for sale (79,080) (74,148)
Proceeds from sale of loans held for sale 78,098 75,079
Decrease in other assets (8,098) 2,232
Decrease in other liabilities (5,904) (5,200)
Net cash provided by operating activities 51,404 55,631
Cash flows from investing activities:    
Proceeds from maturities of certificates of deposits 1,290 1,470
Purchases of certificates of deposits (4,120) 0
Proceeds from sales of investment securities available-for-sale 167,867 8,291
Proceeds from maturities of investment securities available-for-sale 48,994 60,018
Purchases of investment securities available-for-sale (256,089) (67,737)
Purchase of investment securities held-to-maturity (12) (38)
Net increase in loans (53,738) (97,005)
Proceeds from sale of equity securities 1,199 0
Purchases of premises and equipment (4,120) (3,713)
Proceeds from sale of premises and equipment 20 3,718
Proceeds from sales of other real property owned, net 304 458
Proceeds from bank owned life insurance death benefit 452 1,414
Purchase of other investments (2,015) 0
Net cash provided by acquisition 88,269 0
Net cash used in investing activities (11,699) (93,124)
Cash flows from financing activities:    
Net increase in deposits 135,478 133,103
Increase (decrease) in repurchase agreements with customers 275 (10,181)
Proceeds from other borrowings 70,000 125,000
Repayment of other borrowings (155,745) (122,435)
Proceeds from short-term debt 0 4,000
Repayment of short-term debt 0 (4,000)
Repayment of subordinated debt (27,500) (8,381)
Proceeds from issuance of common stock 741 644
Purchase of treasury stock (1,421) 0
Dividends paid on common stock (12,600) (11,456)
Net cash provided by financing activities 9,228 106,294
Increase in cash and cash equivalents 48,933 68,801
Cash and cash equivalents at beginning of period 254,920 121,216
Cash and cash equivalents at end of period 303,853 190,017
Cash paid (received) during the period for:    
Interest 63,385 56,244
Total income taxes, net of refunds 21,051 8,133
Supplemental disclosures of noncash investing and financing activities    
Loans transferred to other real estate owned 2,399 28
Fixed assets transferred to other real estate owned 950 0
Initial recognition of right-of-use assets in exchange for lease liabilities 85 713
Supplemental disclosures of purchases of capital stock    
Fair value of assets acquired 1,185,984 0
Cash paid 3 0
Common stock issued 104,158  
Total consideration paid 104,161 0
Fair value of liabilities assumed 1,081,823 0
US Federal    
Cash paid (received) during the period for:    
Total income taxes, net of refunds 15,975 4,861
State of Illinois    
Cash paid (received) during the period for:    
Total income taxes, net of refunds 4,394 2,496
State of Missouri    
Cash paid (received) during the period for:    
Total income taxes, net of refunds 200 385
State of Wisconsin    
Cash paid (received) during the period for:    
Total income taxes, net of refunds 190 265
Other    
Cash paid (received) during the period for:    
Total income taxes, net of refunds $ 292 $ 126