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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash flows from operating activities:    
Net income $ 69,782 $ 66,611
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 2,400 0
Depreciation and amortization 2,311 2,191
Net accretion of securities premiums and discounts (1,083) (1,132)
Stock based compensation expense 8,201 0
Increase in cash surrender value of BOLI (1,869) (1,803)
Decrease in deferred income taxes, net 4,010 5,829
Gain on sale of securities available-for-sale 0 (743)
Net changes in:    
Other assets (3,152) (3,146)
Other liabilities 9,902 22,728
Net cash provided by operating activities 90,502 90,535
Cash flows from investing activities:    
Net decrease (increase) in loans and leases held for investment 68,455 (49,540)
Purchase of available-for-sale securities (426,729) (300,456)
Purchase of held-to-maturity securities (8,847) (3,043)
Proceeds from sales, maturities, calls and pay downs of available-for-sale securities 39,542 87,693
Proceeds from maturities, calls and pay downs of held-to-maturity securities 43,807 40,247
Purchase of premises and equipment (5,348) (1,413)
Purchase of other investments (9,086) (14,486)
Redemption of other investments 0 5,917
Proceeds from bank-owned life insurance 0 3,281
Proceeds from sale of assets 60 0
Net cash used in investing activities (298,146) (231,800)
Cash flows from financing activities:    
Net increase in deposits 185,875 40,587
Cash dividends paid (10,364) (6,507)
Net cash used in share repurchase program (2,933) (10,207)
Purchase of treasury stock (4,930) 0
Net cash provided by financing activities 167,648 23,873
Net change in cash and cash equivalents (39,996) (117,392)
Cash and cash equivalents, beginning of period 212,563 410,642
Cash and cash equivalents, end of period 172,567 293,250
Supplemental disclosures of cash flow information:    
Cash paid for interest 47,495 12,631
Income taxes paid 10,002 4,241
Supplemental disclosures of non-cash transactions:    
Net change in unrealized losses on securities available-for-sale $ (17,657) $ (4,331)