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 $ 43,405 $ 30,305
Adjustments to reconcile net income to net cash from operating activities:    
Stock-based compensation 3,132 2,639
Depreciation 3,539 2,880
Amortization of operating lease right-of-use asset 684 248
Amortization of cloud computing implementation costs 19 41
Provision (reversal) for credit losses 7,259 2,741
Net amortization (accretion) of purchase valuation adjustments (6,712) (1,411)
Amortization (accretion) of premiums and discounts on securities (5,937) (889)
Amortization of intangible assets 4,318 2,193
Deferred income taxes 3,512 (1,128)
Federal Home Loan Bank stock dividends (498) (622)
Loss (gain) on sales and valuation adjustments on other real estate owned (72) (8)
Net loss (gain) on sales and settlements of securities 0 (13)
Change in unrealized (gains) losses on equity securities 1,321 (11)
Loss (gain) on disposal of premises and equipment (1,192) 15
Loss (gain) on sales and valuation adjustments on repossessed assets (92) (34)
Loss on debt extinguishment 0 (1,361)
Loss (gain) on sales of loans (820) (253)
Originations of loans held for sale (41,299) (12,619)
Proceeds from the sale of loans held for sale 42,231 13,169
Increase in the value of bank-owned life insurance (3,224) (4,914)
Change in fair value of derivatives recognized in earnings 192 193
Payments on operating lease payable (855) (307)
Net change in:    
Interest receivable 6,342 2,685
Other assets 9,291 15,665
Interest payable and other liabilities (10,389) (1,983)
Net cash provided by operating activities 54,155 49,943
Cash flows (to) from investing activities    
Purchases of available-for-sale securities (437,897) (78,940)
Proceeds from sales, calls, pay-downs and maturities of available-for-sale securities 313,112 131,214
Proceeds from calls, pay-downs and maturities of held-to-maturity securities 112 10
Net change in interest-bearing time deposits 97 0
Net change in loans 129,665 (37,239)
Purchase of mortgage loans (15,923) 0
Purchase of government guaranteed loans (33,596) (61,987)
Purchase of premises and equipment (7,100) (3,746)
Proceeds from sale of premises and equipment 3,052 450
Proceeds from sale of foreclosed assets 679 5,046
Net redemptions (purchases) of Federal Home Loan Bank and Federal Reserve Bank stock (1,650) (6,338)
Net redemptions (purchases) of correspondent and miscellaneous other stock (700) (662)
Proceeds from sale of other real estate owned 1,716 456
Proceeds from investments in tax credit structures and resulting contractual obligations 951 0
Proceeds from bank owned life insurance death benefits 808 4,308
Net cash (used in) provided by investing activities (33,855) (47,428)
Cash flows (to) from financing activities    
Net increase (decrease) in deposits 33,678 (139,927)
Net change in federal funds purchased and retail repurchase agreements 2,962 (826)
Net borrowings (repayments) on Federal Home Loan Bank line of credit 98,019 205,603
Proceeds from Federal Home Loan Bank term advances 159,454 600,000
Principal repayments on Federal Home Loan Bank term advances (312,204) (600,000)
Proceeds from Federal Reserve Bank borrowings 2,000 1,000
Principal payments on Federal Reserve Bank borrowings (2,000) (1,000)
Proceeds from issuance of common stock, net 0 (73)
Proceeds from the exercise of employee stock options 0 112
Proceeds from employee stock purchase plan 524 446
Principal payments on subordinated debt 0 (75,000)
Principal payments on bank stock loan (22,486) 0
Purchase of treasury stock (32,567) (274)
Net change in contractual obligations (1,688) (4,777)
Dividends paid on common stock (7,278) (5,342)
Net cash (used in) provided by financing activities (81,586) (20,058)
Net change in cash and cash equivalents (61,286) (17,543)
Cash and cash equivalents, beginning of period 607,817 383,747
Ending cash and cash equivalents 546,531 366,204
Supplemental cash flow information:    
Interest paid 66,532 47,762
Income taxes paid, net of refunds (287) 10,560
Supplemental noncash disclosures:    
Other real estate owned acquired in settlement of loans 49 297
Other repossessed assets acquired in settlement of loans 127 388
Purchase of investments in tax credit structures and resulting contactual obligations 0 10,000
Frontier Holdings, LLC [Member]    
Cash flows (to) from investing activities    
Cash acquired in purchase of Frontier Holdings, LLC 12,819 0
Supplemental noncash disclosures:    
Total fair value of assets acquired in purchase of Frontier Holdings, LLC, net of cash 1,402,787 0
Total fair value of liabilities assumed in purchase of Frontier Holdings, LLC, net of cash $ 1,307,265 $ 0