v3.26.3
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 $ 57,359 $ 48,393
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Provision for credit losses 3,189 5,343
Changes in deferred tax, net (14,922) 2,764
Share-based compensation 1,931 1,158
Loss on sale of investment securities available-for-sale 104 338
Gain on sale of factored receivables (3,463)  
Gain on sale of SBA loans   (74)
Write-down (write-up) of other real estate owned 68 (213)
Write-down of fixed assets 40 9
Accretion of premium on securities, net (1,965) (1,538)
Accretion of gain on terminated cash flow hedges (2,320) (2,415)
Accretion of loan fees (10,241) (9,527)
Amortization of subordinated debt origination costs 155 154
Depreciation and amortization 5,012 3,559
Earnings on bank-owned life insurance (2,295) (2,206)
Net change in operating leases (10) 21
Net change in derivative assets and liabilities (1,862) 699
Changes in operating assets and liabilities:    
Accrued interest receivable and other assets 1,012 (10,196)
Accrued interest payable and other liabilities (16,612) 8,830
Net cash provided by operating activities 15,180 45,099
Cash flows from investing activities:    
Net (increase) decrease in interest bearing deposits in other banks (9) 91
Net purchase of non-marketable equity securities (3,199) (10,177)
Investment securities available-for-sale activity:    
Purchases (5,177,379) (5,155,118)
Sales 60,695 53,407
Maturities, calls and principal paydowns 5,095,648 5,117,060
Purchases of investment securities held-to-maturity   (206,074)
Proceeds from termination of derivative instruments   1,506
Net originations on loans held for investment (291,692) (199,496)
Net additions to bank premises and equipment (16,781) (1,580)
Proceeds from sales of foreclosed assets 203 655
Purchase of bank-owned life insurance   (5,000)
Benefit proceeds from bank-owned life insurance claim 1,552  
Net cash acquired from acquisition of Keystone Bancshares, Inc. 64,125  
Net cash used in investing activities (266,837) (404,726)
Cash flows from financing activities:    
Net increase in deposits 453,925 62,243
Net repayment of FHLB Advances (40,000)  
Net advance from line of credit - senior debt 24,500 2,000
Forfeiture of restricted stock grants withheld to satisfy tax obligations (166) (32)
Proceeds from stock options exercised 1,535 779
Dividends paid on Series A preferred stock (3,552) (3,553)
Net cash provided by financing activities 436,242 61,437
Change in cash and cash equivalents 184,585 (298,190)
Cash and cash equivalents at beginning of period 181,229 421,202
Cash and cash equivalents at end of period 365,814 123,012
Supplemental Disclosures of Cash Flow Information:    
Cash paid for interest 135,681 118,039
Cash paid for federal income taxes and purchased tax credits 18,607 7,900
Net cash payments for state income taxes 424 785
Supplemental Disclosure of Noncash Investing and Financing Activities:    
Loans transferred to other real estate owned, net 18,882 7,968
Right of use lease assets obtained in exchange for operating lease liabilities 1,730 $ 381
Common stock issued for acquisition of Keystone Bancshares, Inc. $ 103,862