XML 24 R8.htm IDEA: XBRL DOCUMENT 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 (loss) $ 45,882 $ (135,613)
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 37,639 277,629
(Reversal of) provision for unfunded commitments (1,761) 1,424
Depreciation and amortization 1,732 2,311
Securities premium amortization (discount accretion), net 3,473 3,410
Net gain on sale of other real estate owned (222) (112)
Net increase in cash surrender value of bank-owned life insurance (17,124) (14,736)
Net (gain) loss on sale of investment securities (290) 3,832
Stock-based compensation expense 6,930 5,227
Decrease (increase) in other assets (206) (61,253)
Increase (decrease) in other liabilities 27,390 (47,708)
Net cash provided by operating activities 103,443 34,411
Cash Flows From Investing Activities:    
Purchases of available-for-sale investment securities (75,000) (28,224)
Proceeds from paydowns of available-for-sale securities 90,479 89,995
Proceeds from sale/call and maturities of available-for-sale securities 46,415 179,990
Proceeds from paydowns of held-to-maturity securities 47,501 52,269
Proceeds from call/maturities of held-to-maturity securities 13,379 17,127
Proceeds from redemption of (purchases of) Federal Reserve stock 137 (189)
Proceeds from redemption of (purchases of) Federal Home Loan Bank stock 305 23,647
Net change in loans 389,374 226,683
Proceeds from sale of loans 327,764 18,500
Net redemptions (purchases) of bank-owned life insurance 5,305 (200,000)
Proceeds from sale of other real estate owned 2,543 769
Purchase of premises and equipment (3,428) (4,882)
Net cash provided by (used in) investing activities 844,774 375,685
Cash Flows From Financing Activities:    
Increase (decrease) in deposits (1,099,599) 332,481
Increase (decrease) in customer repurchase agreements 0 (19,432)
Increase (decrease) in short-term borrowings 0 (490,000)
Net settlement of withholding taxes on the vesting of stock awards (1,495) (1,160)
Proceeds from employee stock purchase plan 354 308
Cash dividends paid (910) (15,006)
Net cash provided by (used in) financing activities (1,101,650) (192,809)
Net Increase (Decrease) in Cash and Cash Equivalents (153,433) 217,287
Cash and Cash Equivalents at Beginning of Period 695,693 633,480
Cash and Cash Equivalents at End of Period 542,260 850,767
Supplemental Cash Flows Information:    
Interest paid 197,268 262,961
Income taxes paid (refund received) (5,356) 1,460
Supplemental Non-Cash Disclosures:    
Initial recognition of operating lease right-of-use assets 1,606 15,941
Transfer of loans held for investment to loans held for sale 238,485 158,916
Transfers from loans to other real estate owned $ 0 $ 12,600