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 $ 82,704 $ 51,523
Adjustments to reconcile net income to net cash provided by operating activities:    
Net premium / discount amortization on securities 1,273 1,398
Securities losses, net 1 1
Provision for credit losses 23,750 24,553
Originations of loans held-for-sale (71,680) (55,547)
Proceeds from sales of loans held-for-sale 74,527 56,624
Net gains on sales of mortgage loans (1,558) (1,634)
Mortgage servicing rights mark to market (gain) loss (319) 1,490
Net accretion of purchase accounting adjustments and other discounts on loans (484) (1,771)
Net change in cash surrender value of BOLI (3,347) (2,363)
Net (gains) losses on sale of other real estate owned (175) 160
Provision for other real estate owned valuation losses 10 681
Depreciation of fixed assets and amortization of leasehold improvements 5,178 4,464
Change in operating lease right-of-use asset (2,728) 1,073
Net gains on disposal and transfer of fixed assets   (457)
Amortization of core deposit intangibles 3,492 3,310
Change in current income taxes (6,428) (4,568)
Deferred tax expense (benefit) 3,716 (6,755)
Change in accrued interest receivable and other assets 1,452 3,119
Accretion of purchase accounting adjustment on time deposits (74) (609)
Change in accrued interest payable and other liabilities 14,269 74
Change in operating lease payable 2,504 (829)
Stock based compensation 4,267 4,087
Net cash provided by operating activities 130,350 78,024
Cash flows from investing activities    
Proceeds from maturities and calls, including pay down of securities available-for-sale 273,959 200,648
Proceeds from sales of securities available-for-sale   125,892
Purchases of securities available-for-sale (185,465) (183,758)
Net purchases of FHLBC/FRBC stock (8,786) (6,883)
Net change in loans (17,936) (85,358)
Purchases of BOLI policies (460) (460)
Proceeds from claims on BOLI, net of claims receivable   433
Proceeds from sales of other real estate owned, net of participations 2,224 19,349
Proceeds from disposition of premises and equipment 76 1,593
Net purchases of premises and equipment (2,053) (3,624)
Cash received from acquisition, net   10,529
Net cash provided by investing activities 61,559 78,361
Cash flows from financing activities    
Net change in deposits (268,431) (240,394)
Net change in securities sold under repurchase agreements 6,139 (12,367)
Net change in other short-term borrowings 180,000 129,500
Redemption of subordinated debentures (30,000)  
Repayment of notes payable (5,000)  
Vesting of restricted stock, net of excise taxes 53  
Dividends paid on common stock (10,870) (8,552)
Purchase of treasury stock (79,722) (7,376)
Net cash used in financing activities (207,831) (139,189)
Net change in cash and cash equivalents (15,922) 17,196
Cash and cash equivalents at beginning of period 124,025 99,329
Cash and cash equivalents at end of period $ 108,103 $ 116,525