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 $ 226,724 $ 207,729
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 35,324 39,379
Provision for credit losses on loans and securities 12,132 2,180
Provision charge for credit losses on off-balance sheet credit exposures 326 2,614
Deferred tax expense 13,620 13,892
Amortization of operating lease right-of-use assets 10,782 10,367
Income on Bank-owned life insurance (14,311) (7,340)
Net amortization of premiums and discounts on securities 13,565 12,435
Loss on extinguishment of debt 17,501 0
Accretion of net deferred loan fees (6,979) (4,844)
Amortization of premiums on purchased loans, net 219 187
Originations of loans held for sale (33,463) (62,331)
Proceeds from sales of loans held for sale 38,916 186,079
Allocation of stock award expense 7,818 7,408
Allocation of stock option expense 0 17
Net gain on sale of loans (2,735) (2,725)
Net loss (gain) on securities transactions 222 (153)
Net gain on sale of premises and equipment (993) (681)
Net (gain) loss on sale of foreclosed assets (87) 11
Increase in accrued interest receivable (6,297) (3,487)
(Increase) decrease in other assets (52,640) 26,515
Increase (decrease) in other liabilities 32 (53,936)
Net cash provided by operating activities 259,676 373,316
Cash flows from investing activities:    
Net increase in loans (658,359) (601,121)
Purchases of loans 0 (321)
Proceeds from sales of foreclosed assets 1,140 5,779
Proceeds from maturities, calls and paydowns of held to maturity debt securities 41,673 48,386
Purchases of investment securities held to maturity (16,970) (13,494)
Proceeds from sales of available for sale debt securities 23,866 1,670
Proceeds from maturities, calls and paydowns of available for sale debt securities 387,514 346,553
Purchases of available for sale debt securities (666,712) (622,765)
Proceeds from redemption of Federal Home Loan Bank stock 305,472 269,086
Purchases of Federal Home Loan Bank stock (318,721) (275,870)
BOLI claim benefits received 5,172 906
Proceeds from sales of premises and equipment 2,768 2,348
Purchases of premises and equipment (22,232) (6,674)
Net cash (used in) investing activities (915,389) (845,517)
Cash flows from financing activities:    
Net increase in deposits 528,152 472,431
Increase in mortgage escrow deposits 5,571 4,008
Cash dividends paid to stockholders (93,026) (94,571)
Purchase of treasury stock (10,255) 0
Purchase of employee restricted shares to fund statutory tax withholding (2,735) (2,867)
Stock options exercised 1,510 0
Proceeds from long-term borrowings 52,030 554,500
Payments on long-term borrowings (210,235) (352,402)
Net increase (decrease) in short-term borrowings 437,038 (13,223)
Proceeds from subordinated debentures 172,181 0
Repayment of subordinated debentures (170,000) 0
Net cash provided by financing activities 710,231 567,876
Net increase in cash and cash equivalents 54,518 95,675
Cash and cash equivalents at beginning of period 209,057 205,869
Restricted cash at beginning of period 2,427 70
Total cash and cash equivalents 266,002 301,614
Cash and cash equivalents at end of period 266,002 299,193
Restricted cash at end of period 0 2,421
Cash paid during the period for:    
Interest on deposits and borrowings 344,065 368,845
Income taxes 43,937 65,881
Transfer of loans receivable to foreclosed assets $ 0 $ 1,053