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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows provided by (used in) operating activities    
Net income (loss) $ 49,981 $ (29,990)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Provision for credit losses 3,058 45,593
Amortization of intangible assets 4,291 3,083
Amortization of mortgage servicing rights 203 168
Depreciation and amortization of premises and equipment 3,578 2,649
Net amortization (accretion) on portfolio loans (5,626) (1,164)
Net amortization (accretion) of premium (discount) on investment securities (450) 1,437
Net amortization (accretion) of premium (discount) on time deposits 8 (659)
Net amortization (accretion) of premium (discount) on FHLB advances and other borrowings 462 433
Impairment of fixed assets held for sale 11 188
Impairment of mortgage servicing rights (147) (2)
Unrealized (gains) losses recognized on equity securities, net 963 231
(Gain) loss on sales of debt securities, net (23) 15,537
(Gain) loss on sales of loans, net (315) (197)
(Gain) loss on sales of OREO and other repossessed assets (15) (16)
(Gain) loss on sales of premises and equipment (85) 25
(Gain) loss on life insurance proceeds 0 (211)
Increase in cash surrender value of bank owned life insurance (1,616) (1,235)
Provision for deferred income taxes expense (benefit) (4,728) 1,761
Stock-based compensation expense 4,136 3,394
Mortgage loans originated for sale (18,887) (13,169)
Proceeds from sales of mortgage loans 19,732 9,802
(Increase) decrease in other assets 8,272 (7,135)
Decrease in other liabilities (11,268) (22,141)
Net cash provided by operating activities 51,535 8,382
Cash flows provided by (used in) investing activities    
Purchases of interest-bearing time deposits in other banks (245) (100)
Proceeds from maturities of interest-bearing time deposits in other banks 345 710
Purchases of equity securities 0 (742)
Proceeds from sales of equity securities 1 5,650
Purchases of debt securities available for sale (140,488) (336,428)
Proceeds from sales of debt securities available for sale 0 528,940
Proceeds from paydowns and maturities of debt securities available for sale 75,213 92,454
Proceeds from paydowns and maturities of debt securities held to maturity 21,401 11,754
Purchases of restricted bank stock (8,757) (10)
Proceeds from the redemption of restricted bank stock 4,041 3
Net (increase) decrease in loans 104,603 (93,249)
Net cash received in (paid for) acquisitions (see Note 2) 0 385,804
Cash paid for premiums on bank-owned life insurance (42) (46)
Proceeds from life insurance 0 3,306
Purchases of premises and equipment (2,458) (1,797)
Proceeds from disposition of premises and equipment 296 0
Net proceeds from OREO and other repossessed assets 1,303 14,576
Net cash provided by investing activities 55,213 610,825
Cash flows provided by (used in) financing activities    
Net decrease in deposits (169,906) (94,060)
Net decrease in federal funds purchased and securities sold under agreements to repurchase (10,565) (18,270)
Proceeds from short-term borrowings 5,276,801 0
Repayment of short-term borrowings (5,106,801) 0
Proceeds from other borrowings, net of debt issuance costs 11,000 16,667
Repayment of other borrowings (45) (30)
Cash dividends paid (27,200) (14,224)
Purchase of treasury stock (66,149) (4,836)
Cash paid for withholding taxes on stock-based payments (6,486) (910)
Issuance of treasury stock for the ESPP 838 619
Common stock issuance costs 0 (920)
Net cash used in financing activities (98,513) (115,964)
Net increase in cash and cash equivalents 8,235 503,243
Cash and cash equivalents, beginning of period 280,227 682,410
Cash and cash equivalents, ending of period 288,462 1,185,653
Cash payments for:    
Interest 70,701 42,514
Non-cash investing and financing activities:    
OREO and other repossessed assets acquired in settlement of loans 0 14,844
Transfer of loans held for sale to portfolio loans $ 10 $ 0