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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash Flows From Operating Activities:      
Net Income (loss) $ (138,052) $ (47,035) $ 100,534
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for credit losses 293,097 66,360 31,536
(Reversal of) provision for unfunded commitments 1,627 (2,127) (267)
Goodwill impairment 0 104,168 0
Depreciation and amortization 2,947 3,198 3,480
Loss on mortgage servicing rights 0 (1,512) 142
Securities premium amortization (discount accretion), net 4,494 5,416 6,189
Origination of loans residential mortgage loans held for sale 0 0 (29,690)
Proceeds from sale of residential mortgage loans held for sale 0 0 36,842
Gains (loss) on sale of residential mortgage loans held for sale 0 (57) (418)
Deferred income tax (benefit) expense (58,132) 2,601 (3,377)
Net gain on sale of other real estate owned (1,653) 0 (134)
Net increase in cash surrender value of bank owned life insurance (20,372) (2,885) (2,659)
Net (gain) loss on sale of investment securities 3,823 (14) 11
Stock-based compensation expense 7,046 9,561 10,018
Decrease (increase) in other assets (37,644) (7,703) (14,976)
Increase (decrease) in other liabilities (28,686) (6,201) 58,395
Net cash provided by operating activities 28,495 123,770 195,626
Cash Flows From Investing Activities:      
Purchases of available-for-sale investment securities (28,224) 0 0
Proceeds from maturities of available-for-sale securities 119,743 115,404 123,782
Proceeds from sale/call of available-for-sale securities 256,238 141,100 8,303
Proceeds from maturities of held-to-maturity securities 68,276 70,235 78,251
Proceeds from call of held-to-maturity securities 19,924 11,868 2,906
Purchases of Federal Reserve stock (197) (2,383) (299)
Proceeds from (purchases of) Federal Home Loan Bank stock 23,634 (23,633) 39,618
Proceeds from sale of mortgage servicing rights 0 4,798 0
Net change in loans 207,617 (6,982) (351,913)
Proceeds from sale of loans 95,381 0 0
Net (purchase) redemption of bank owned life insurance (199,159) 0 736
Proceeds from sale of other real estate owned 14,933 656 987
Purchase of premises and equipment (7,733) (326) (70)
Net cash (used in) provided by investing activities 570,433 310,737 (97,699)
Cash Flows From Financing Activities:      
Increase (decrease) in deposits 2,528 323,039 94,857
Increase (decrease) in customer repurchase agreements (33,157) 2,570 (4,513)
Decrease in short-term borrowings (490,000) (880,000) 324,999
Net proceeds from long-term borrowings 0 75,812 0
Proceeds from exercise of equity compensation plans (1,208) 0 0
Proceeds from employee stock purchase plan 436 485 586
Common stock repurchased 0 0 (48,033)
Cash dividends paid (15,314) (45,617) (54,993)
Net cash provided by (used in) financing activities (536,715) (523,711) 312,903
Net Increase (Decrease) in Cash and Cash Equivalents 62,213 (89,204) 410,830
Cash and Cash Equivalents at Beginning of Period 633,480 722,684 311,854
Cash and Cash Equivalents at End of Period 695,693 633,480 722,684
Supplemental Cash Flows Information:      
Interest paid 342,469 438,222 376,841
Net cash paid (refunds received) for income taxes:      
Federal 0 5,200 21,500
State 1,460 3,010 40
Foreign 0 0 0
Net cash paid (refunds received) for income taxes 1,460 8,210 21,540
Supplemental Non-Cash Disclosures:      
Initial recognition of operating lease right-of-use assets 15,941 5,786 418
Transfer of loans held for investment to loans held for sale 201,397 5,000 0
Transfers from loans to other real estate owned 12,600 2,370 $ 0
Foreign      
Net cash paid (refunds received) for income taxes:      
State 1,120 $ 2,790  
DC      
Net cash paid (refunds received) for income taxes:      
State $ 340