v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operating activities:    
Net income $ 67,854 $ 53,905
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation of premises and equipment, and amortization 3,241 3,104
Amortization of intangible assets 860 997
Provision for credit losses 5,980 8,393
Amortization of investment securities premium, net 321 919
(Loss) gain on sale of investment securities (17) 1,142
Originations of loans for sale (35,510) (38,334)
Proceeds from sale of loans originated for sale 36,939 37,984
Gain on sale of loans (882) (847)
Change in fair market value of mortgage servicing rights 406 192
Provision for losses on foreclosed assets 0 3
Change in the market value of foreclosed assets 188 (3)
Operating lease expense payments (3,348) (2,996)
(Gain) loss on disposal of fixed assets (15) 90
Increase in cash value of life insurance (1,691) (1,662)
Gain on life insurance death benefit (330) (1,207)
(Gain) loss on marketable equity securities 27 (47)
Equity compensation vesting expense 2,166 2,375
Change in:    
Interest receivable 142 2,276
Interest payable (1,646) (1,329)
Amortization of operating lease ROUA 3,228 2,895
Other assets and liabilities, net (19,073) (14,100)
Net cash from operating activities 58,840 53,750
Investing activities:    
Proceeds from maturities of securities available for sale 154,215 125,572
Proceeds from maturities of securities held to maturity 9,666 10,107
Proceeds from sale and calls of available for sale securities 4,480 30,743
Purchases of securities available for sale (132,848) (24,620)
Loan origination and principal collections, net (201,854) (198,569)
Proceeds from sale of other real estate owned 0 103
Proceeds from sale of premises and equipment 15 0
Purchases of premises and equipment (2,607) (2,715)
Proceeds from the payment of life insurance benefits 1,809 0
Net cash used by investing activities (167,124) (59,379)
Financing activities:    
Net change in deposits 104,929 288,233
Net change in other borrowings (1,194) (71,822)
Repurchase of common stock (24,203) (19,822)
Dividends paid (23,041) (21,648)
Net cash from financing activities 56,491 174,941
Net change in cash and cash equivalents (51,793) 169,312
Cash and cash equivalents, beginning of period 157,014 144,956
Cash and cash equivalents, end of period 105,221 314,268
Supplemental disclosure of noncash activities:    
Unrealized (loss) gain on securities available for sale (10,200) 44,160
Market value of shares tendered in-lieu of cash to pay for exercise of equity and/or related taxes 2,604 907
Obligations incurred in conjunction with leased assets 778 1,006
Loans transferred to foreclosed assets 721 0
Life insurance receivable 1,809 7,414
Supplemental disclosure of cash flow activity:    
Cash paid for interest expense 22,950 62,706
Cash paid for income taxes $ 55,603 $ 19,600