v3.26.3
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Cash flows from operating activities:    
Net income $ 31,154 $ 6,145
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation 8,769 11,600
Net accretion on loans (198) (2,066)
Amortization of subordinated notes issuance costs 121 167
Amortization of junior subordinated debentures 500 477
Net (accretion) amortization on securities (116) (349)
Amortization of intangible assets 7,438 8,756
Software amortization 10,516 7,725
Deferred taxes, net 8,620 7,646
Credit loss expense (benefit) 7,349 4,912
Stock based compensation 11,088 10,274
Net (gains) losses on equity securities 219 (213)
Net OREO (gains) losses and valuation adjustments 61 (304)
Net (gains) losses on disposal of premises and equipment 840 (625)
Origination of loans held for sale (14,525) (13,747)
Proceeds from sale of loans originated or purchased for sale 12,813 6,955
Net (gains) losses on sale of loans (286) (443)
Net change in operating leases (1,369) (351)
Change in estimated fair value of revenue share asset 63 47
(Increase) decrease in other assets (10,308) (13,754)
Increase (decrease) in other liabilities 4,042 (2,269)
Net cash provided by (used in) operating activities 76,791 30,583
Cash flows from investing activities:    
Proceeds from sales of equity securities 0 94
Purchases of securities available for sale 0 (105,000)
Proceeds from maturities, calls, and pay downs of securities available for sale 168,414 110,253
Proceeds from maturities, calls, and pay downs of securities held to maturity 263 196
Purchases of loans held for investment (67,442) (22,663)
Proceeds from sale of loans 845 18,257
Net change in loans (631,153) (449,241)
Purchases of premises and equipment (9,567) (9,261)
Proceeds from sales of premises and equipment 4,401 11,458
Net proceeds from sale of OREO 10,124 2,299
Expenditures for capitalized software (14,949) (14,688)
(Purchases) redemptions of FHLB and other restricted stock, net 11,082 (38)
Net cash paid for acquisitions 0 (137,517)
Acquired intangible assets (315) (124)
Net cash provided by (used in) investing activities (528,297) (595,975)
Cash flows from financing activities:    
Net increase (decrease) in deposits 1,517,757 134,426
Increase (decrease) in short term Federal Home Loan Bank advances (250,000) 250,000
Repayment of long term Federal Home Loan Bank advances (30,000) 0
Preferred stock dividends (2,404) (2,404)
Stock option exercises, net 301 218
Proceeds from employee stock purchase plan common stock issuance 2,126 2,484
Purchase of treasury stock, net (2,221) (2,227)
Net cash provided by (used in) financing activities 1,235,559 382,497
Net increase (decrease) in cash and cash equivalents 784,053 (182,895)
Cash and cash equivalents at beginning of period 248,471 330,117
Cash and cash equivalents at end of period 1,032,524 147,222
Supplemental cash flow information:    
Interest paid 79,754 56,416
Income taxes paid, net 4,577 1,829
Cash paid for operating lease liabilities 5,750 4,452
Supplemental noncash disclosures:    
Loans transferred to OREO 0 2,205
Loans held for investment transferred to loans held for sale 784 19,842
Assets transferred to assets held for sale 2,315 6,240
Lease liabilities arising from obtaining right-of-use assets 16,774 548
Securities available for sale purchased, not settled $ 10,008 $ 0