v3.26.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net income $ 56,815 $ 46,871
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 2,194 1,983
Amortization of operating lease right-of-use assets 402 835
Deferred tax expense (benefit) 72 (754)
Stock-based compensation 978 947
Provision for credit losses 5,082 5,662
Write-downs of other real estate owned and other repossessed assets 15 36
Gains on sale of mortgage loans held for sale (112) (124)
Securities gains (12) (1)
Fair value adjustments in equity securities (424) (629)
(Gains) losses on sale of assets, net 16 (111)
Proceeds from sale of mortgage loans held for sale 4,120 4,582
Funding of mortgage loans held for sale (3,843) (4,669)
Amortization of securities premiums and discounts, net 1,107 1,219
Change in cash surrender value of bank owned life insurance (2,186) (1,454)
Payment of operating lease liabilities (412) (824)
Interest expense on finance lease liabilities 110 81
Fair value adjustment in mortgage servicing rights: 38 311
Changes in:    
Accrued interest receivable 137 303
Other assets 6,558 (1,567)
Accrued interest payable 7,885 6,753
Other liabilities 5,030 (6,937)
Net cash provided by operating activities 83,570 52,513
Securities available-for-sale (AFS):    
Purchase of AFS securities (130,787) (52,375)
Proceeds from sales of AFS securities 45,568 0
Proceeds from prepayments, calls, and maturities of AFS securities 148,343 135,548
Change in loans, net (232,735) (219,569)
Purchase of premises and equipment (2,574) (4,437)
Purchase of Federal Home Loan Bank stock (325) (4,491)
Proceeds from sale of other real estate owned and repossessed assets 29 375
Additional investment in bank owned life insurance 0 (13,548)
Redemption of bank owned life insurance 604 438
Proceeds from settlement of bank owned life insurance 542 0
Net cash used in investing activities (171,335) (158,059)
Cash flows from financing activities:    
Change in deposits, net 268,705 162,819
Change in repurchase agreements and federal funds purchased, net (11,705) (15,091)
Proceeds from Federal Home Loan Bank advances 0 100,000
Payments on advances from Federal Home Loan Bank (9) (100,010)
Payment of finance lease liabilities (115) (79)
Repayment of long-term debt/other borrowings (120) (115)
Issuance of common stock 827 732
Dividends paid (19,155) (16,925)
Net cash provided by financing activities 238,428 131,331
Net decrease in cash and cash equivalents 150,663 25,785
Cash and cash equivalents at beginning of period 363,684 369,505
Cash and cash equivalents at end of period 514,347 395,290
Supplemental disclosures:    
Income taxes paid 16,081 14,425
Interest paid 51,437 55,565
Non-cash activities:    
Loans to facilitate the sale of other real estate owned and repossessed assets 233 2,248
Common stock dividends accrued, paid in subsequent quarter 323 278
Real estate acquired in settlement of loans 744 3,733
Right-of-use assets obtained in exchange for new operating lease liabilities $ 0 $ 1,719