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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 provided by (used in) operating activities      
Net income $ 135,262 $ 113,691 $ 122,565
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Provision for credit losses 52,743 7,495 2,860
Amortization of intangible assets 16,614 10,057 10,432
Amortization of mortgage servicing rights 663 997 2,785
Amortization of New Markets Tax Credit 0 0 8,999
Depreciation and amortization of premises and equipment 12,926 9,503 9,488
Net amortization (accretion) on portfolio loans (17,221) 4,372 6,971
Net amortization (accretion) of premium (discount) on investment securities 1,457 8,857 14,406
Net amortization (accretion) of premium (discount) on time deposits (1,710) 101 (270)
Net amortization (accretion) of premium (discount) on FHLB advances and other borrowings 1,938 1,158 1,027
Impairment of OREO and other repossessed assets 422 0 100
Impairment of fixed assets held for sale 286 637 0
Impairment of mortgage servicing rights 154 0 1
Impairment of leases 28 0 0
Unrealized (gains) losses recognized on equity securities, net (4,516) (931) 2,171
(Gain) loss on sales of equity securities, net 0 0 (5,475)
(Gain) loss on sales of debt securities, net 15,242 7,033 5,503
(Gain) loss on sales of mortgage servicing rights 0 (7,724) 0
(Gain) loss on sales of loans, net (1,680) (1,761) (733)
(Gain) loss on sales of OREO and other repossessed assets (302) (585) (46)
(Gain) loss on sales of premises and equipment (2) (138) (450)
(Gain) loss on life insurance proceeds (508) (895) (759)
Increase in cash surrender value of bank owned life insurance (6,089) (4,235) (3,942)
Provision for deferred income taxes 8,074 1,384 (2,920)
Stock-based compensation 17,120 7,726 6,595
Proceeds from the sale of mortgage servicing rights 0 9,796 0
Mortgage loans originated for sale (106,092) (104,176) (35,413)
Proceeds from sales of mortgage loans 105,280 104,670 35,018
(Increase) decrease in other assets (10,319) 19,752 (17,888)
Increase (decrease) in other liabilities (27,199) (8,517) 12,365
Net cash provided by operating activities 192,571 178,267 173,390
Cash flows provided by (used in) investing activities      
Purchases of equity securities (919) (30,422) (6,617)
Purchases of debt securities available for sale (546,278) (182,603) (10,436)
Proceeds from sales of equity securities 6,487 25,303 11,644
Proceeds from sales of debt securities available for sale 531,795 101,361 105,044
Proceeds from paydowns and maturities of debt securities held to maturity 82,643 48,822 48,927
Proceeds from paydowns and maturities of debt securities available for sale 464,828 370,774 326,252
Purchases of restricted bank stock (35,278) (43,954) (30,957)
Proceeds from the redemption of restricted bank stock 11,905 884 43,926
Purchases of loans (116,761) (14,602) 0
Net decrease in loans 305,623 364,455 65,240
Net cash received in acquisitions (see Note 2) 385,804 18,377 0
Cash paid for premiums on bank-owned life insurance (46) (74) (80)
Proceeds from life insurance 4,485 3,092 2,292
Purchases of premises and equipment (19,618) (6,430) (9,533)
Proceeds from disposition of premises and equipment 936 2,247 4,425
Net proceeds from OREO and other repossessed assets 21,958 673 860
Net cash provided by investing activities 1,097,564 657,903 550,987
Cash flows provided by (used in) financing activities      
Net increase (decrease) in deposits (1,646,521) (701,605) 220,146
Net increase (decrease) in federal funds purchased and securities sold under agreements to repurchase 11,319 (32,969) (42,410)
Proceeds from short-term borrowings 60,000
Repayment of short-term borrowings (71,158) (36,000) (335,000)
Proceeds from other borrowings, net of debt issuance costs 40,000 0 0
Repayment of other borrowings (129,172) (31,450) (16,054)
Cash dividends paid (90,989) (54,169) (53,076)
Purchase of treasury stock (69,859) 0 (4,482)
Cash paid for withholding taxes on stock-based payments (5,282) (1,755) (1,093)
Proceeds from (cash paid for) the exercise of stock options, warrants, and SSARs (452) (3) 9
Issuance of treasury stock for the ESPP 1,845 0 0
Issuance of preferred stock, net of stock issuance costs 207,447 0 0
Common stock issuance costs (920) (141) 0
Net cash used in financing activities (1,693,742) (858,092) (231,960)
Net increase (decrease) in cash and cash equivalents (403,607) (21,922) 492,417
Cash and cash equivalents, beginning of period 697,659 719,581 227,164
Cash and cash equivalents, ending of period 294,052 697,659 719,581
Cash payments for:      
Interest 320,008 208,359 135,482
Non-cash investing and financing activities:      
OREO and other repossessed assets acquired in settlement of loans 22,772 26 189
Transfer of loans held for sale to portfolio loans $ 359 $ 0 $ 0