v3.26.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Cash flows from operating activities:    
Net income $ 132,733 $ 146,580
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation 6,205 4,724
Provision for credit losses 39,560 17,101
Deferred income taxes 7,548 (4,304)
Net amortization of discount/premiums on debt securities 2,287 3,142
Net amortization on loans 5,150 866
Amortization of intangible assets 3,976 2,344
Amortization of servicing assets 746 694
Mortgage loans originated-for-sale (19,333) (19,926)
Proceeds from mortgage loans sold 20,189 19,518
Investment securities 2,146 (106)
SBA loans (1,414) (4,188)
OREO 1,999 (86)
Fixed assets (687) 0
State tax credits (153) (110)
Stock-based compensation 11,229 9,214
Net change in other assets and liabilities (12,283) (24,790)
Net cash provided by operating activities 199,898 150,673
Cash flows from investing activities:    
Net increase in loans (638,966) (456,978)
Branch acquisition 250 0
Sale of debt and equity securities, available-for-sale 178,256 9,631
Paydown or maturity of debt securities, available-for-sale 422,830 294,939
Paydown or maturity of debt securities, held-to-maturity 40,245 20,706
Redemption of other investments 72,613 109,214
Sale of SBA loans 27,278 83,760
Sale of state tax credits held for sale 872 725
Sale of OREO 17,218 3,967
Sale of fixed assets 939 0
Settlement of bank-owned life insurance policies 1,581 2,079
Payments for the purchase of:    
Available-for-sale debt securities (803,568) (721,648)
Held-to-maturity debt securities 0 (178,520)
Other investments (123,922) (131,624)
Bank-owned life insurance 0 (75,009)
State tax credits held for sale 0 (360)
Fixed assets (4,283) (8,964)
Net cash used in investing activities (808,657) (1,048,082)
Cash flows from financing activities:    
Net increase (decrease) in noninterest-bearing demand accounts 169,760 (97,559)
Net increase in interest-bearing demand accounts 347,862 518,979
Net increase in short term FHLB advances, net 64,000 327,000
Proceeds from term loan 0 63,250
Repayment of term loan (58,732) (2,259)
Net decrease in other borrowings (149,453) (94,805)
Proceeds from issuance of subordinated debentures, net 172,099 0
Payments for the redemption of subordinated debentures and trust preferred securities (7,732) (63,250)
Repurchase of common stock (84,079) (10,630)
Cash dividends paid on common stock (37,022) (33,271)
Cash dividends paid on preferred stock (2,813) (2,813)
Other 841 552
Net cash provided by financing activities 414,731 605,194
Net decrease in cash and cash equivalents (194,028) (292,215)
Cash and cash equivalents, beginning of period 681,902 764,170
Cash and cash equivalents, end of period 487,874 471,955
Cash paid during the period for:    
Interest 182,560 197,164
Income taxes 36,172 46,147
Noncash investing and financing transactions:    
Transfer to OREO in settlement of loans 31,583 7,821
Right-of-use assets obtained in exchange for lease obligations 1,424 1,131
Unsettled purchases of available-for-sale securities $ 42,915 $ 0