v3.26.3
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
OPERATING ACTIVITIES:    
Net income $ 78,072 $ 48,233
Adjustments to reconcile net income to net cash provided by operations:    
Depreciation and net amortization 7,911 8,005
Securities premium amortization (discount accretion), net 8,048 5,708
Loan (discount accretion) premium amortization, net 508 660
Provision for (reversal of) credit losses 2,240 2,472
Stock compensation expense 3,610 2,390
Deferred tax expense (benefit) (574) (546)
Net (gain) loss on sale of AFS securities 0 24,949
Net (gain) loss on premises and equipment (270) 1,655
Gross proceeds from sales of loans held for sale 10,015 13,050
Gross originations of loans held for sale (9,652) (11,601)
Net (gain) loss on OREO (10) 109
Loss on redemption of subordinated notes 791 0
Net change in:    
Interest receivable 4,385 11,311
Other assets 30,561 90
Interest payable (4,354) 1,648
Other liabilities 17,306 (38,046)
Net cash provided by (used in) operating activities 148,587 70,087
Securities AFS:    
Purchases (530,087) (594,646)
Sales 0 411,502
Maturities, calls and principal repayments 265,993 424,932
Securities HTM:    
Maturities, calls and principal repayments 42,875 18,107
Proceeds from redemption of FHLB stock and equity investments 52,366 39,564
Purchases of FHLB stock and equity investments (81,726) (15,190)
Net loan paydowns (originations) (141,886) (105,191)
Purchases of premises and equipment (10,639) (13,195)
Proceeds from (purchases of) BOLI 1,217 1,143
Proceeds from sales of premises and equipment 575 324
Net proceeds from sales of OREO 288 273
Proceeds from sales of repossessed assets 30 200
Net cash provided by (used in) investing activities (400,994) 167,823
FINANCING ACTIVITIES:    
Net change in deposits (851,373) 307,291
Net change in other borrowings 685,948 22,931
Proceeds from FHLB borrowings 10,173,000 3,346,000
Repayment of FHLB borrowings (9,583,386) (3,976,577)
Net proceeds from issuance of subordinated notes 0 147,619
Redemption of subordinated notes (93,000) 0
Proceeds from stock option exercises 204 693
Cash paid to tax authority related to tax withholding on share-based awards (611) (582)
Purchase of common stock 0 (12,622)
Proceeds from the issuance of common stock for dividend reinvestment plan 676 739
Cash dividends paid (32,452) (32,651)
Net cash provided by (used in) financing activities 299,006 (197,159)
Net increase (decrease) in cash and cash equivalents 46,599 40,751
Cash and cash equivalents at beginning of period 389,786 426,161
Cash and cash equivalents at end of period 436,385 466,912
SUPPLEMENTAL DISCLOSURES FOR CASH FLOW INFORMATION:    
Interest paid 142,081 135,262
Income taxes paid 14,250 12,500
SUPPLEMENTAL DISCLOSURES OF NONCASH INVESTING AND FINANCING ACTIVITIES:    
Loans transferred to other repossessed assets and real estate through foreclosure 394 314
Unsettled trades to sell securities 0 $ 9,093
Unsettled trades to purchase securities $ 0