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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash flows provided by (used in) operating activities    
Net income $ 74,512 $ 85,586
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Provision for credit losses 50,308 6,677
Amortization of intangible assets 12,182 7,586
Amortization of mortgage servicing rights 486 826
Depreciation and amortization of premises and equipment 9,505 7,186
Net amortization (accretion) on portfolio loans (12,046) 3,602
Net amortization (accretion) of premium (discount) on investment securities 1,405 6,848
Net amortization (accretion) of premium (discount) on time deposits (1,715) 87
Net amortization (accretion) of premium (discount) on FHLB advances and other borrowings 1,470 856
Impairment of OREO and other repossessed assets 270 0
Impairment of fixed assets held for sale 188 369
Impairment of mortgage servicing rights 35 233
Impairment of leases 28 0
Unrealized (gains) losses recognized on equity securities, net (5,490) (911)
(Gain) loss on sales of debt securities, net 15,549 6,817
(Gain) loss on sales of mortgage servicing rights 0 (7,724)
(Gain) loss on sales of loans, net (1,140) (1,307)
(Gain) loss on sales of OREO and other repossessed assets 96 (549)
(Gain) loss on sales of premises and equipment 27 (32)
(Gain) loss on life insurance proceeds (357) (895)
(Increase) decrease in cash surrender value of bank owned life insurance (4,457) (3,155)
Provision for deferred income taxes 3,132 1,905
Stock-based compensation 13,125 5,828
Proceeds from the sale of mortgage servicing rights 0 9,796
Mortgage loans originated for sale (77,210) (85,741)
Proceeds from sales of mortgage loans 73,098 78,006
(Increase) decrease in other assets (1,337) 10,082
Increase (decrease) in other liabilities (31,284) (6,015)
Net cash provided by (used in) operating activities 120,380 125,961
Cash flows provided by (used in) investing activities    
Purchases of equity securities (919) (647)
Purchases of debt securities available for sale (385,411) (31,149)
Proceeds from sales of equity securities 6,444 1,055
Proceeds from sales of debt securities available for sale 529,760 101,361
Proceeds from paydowns and maturities of debt securities held to maturity 43,409 35,932
Proceeds from paydowns and maturities of debt securities available for sale 354,041 251,175
Purchases of restricted bank stock (35,278) (24)
Proceeds from the redemption of restricted bank stock 11,905 884
Net (increase) decrease in loans 161,275 241,463
Net cash received in (paid for) acquisitions (see Note 2) 385,804 18,377
Cash paid for premiums on bank-owned life insurance (46) (74)
Proceeds from life insurance 4,334 3,092
Purchases of premises and equipment (13,179) (4,504)
Proceeds from disposition of premises and equipment 710 1,341
Capitalized expenditures on foreclosed real estate (316) 0
Proceeds from sales of OREO and other repossessed assets, including cash payments collected 16,576 636
Net cash provided by (used in) investing activities 1,079,109 618,918
Cash flows provided by (used in) financing activities    
Net increase (decrease) in deposits (1,482,312) (740,840)
Net increase (decrease) in federal funds purchased and securities sold under agreements to repurchase (8,458) (60,150)
Repayment of short-term borrowings (11,158) (36,000)
Proceeds from other borrowings, net of debt issuance costs 16,667 0
Repayment of other borrowings (125,129) (31,450)
Cash dividends paid (64,259) (40,520)
Purchase of treasury stock (40,038) 0
Cash paid for withholding taxes on stock-based payments (4,549) (1,650)
Cash paid for the exercise of stock options, warrants, and SSARs (452) 0
Issuance of treasury stock for the ESPP 1,487 0
Issuance of preferred stock, net of stock issuance costs 207,447 0
Common stock issuance costs (920) (141)
Net cash provided by (used in) financing activities (1,511,674) (910,751)
Net increase (decrease) in cash and cash equivalents (312,185) (165,872)
Cash and cash equivalents, beginning of period 697,659 719,581
Cash and cash equivalents, ending of period 385,474 553,709
Cash payments for:    
Interest 243,489 146,302
Income taxes 16,167 12,388
Non-cash investing and financing activities:    
OREO and other repossessed assets acquired in settlement of loans $ 22,528 $ 26