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Condensed Consolidated Statements of Cash Flows - USD ($)
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Operating Activities    
Net income (loss) $ (177,404,000) $ 46,311,000
Items not requiring (providing) cash    
Provision for credit losses 266,000 4,218,000
Depreciation and amortization 9,645,000 7,684,000
Share based compensation 1,164,000 2,893,000
Amortization of mortgage servicing rights 1,555,000 1,435,000
Net (accretion) amortization of premiums and discounts on securities (1,177,000) 6,496,000
Purchases of securities held for trading (598,000) 0
Loss on sale of investment securities 299,538,000 0
Gain on sale of mortgage loans (3,503,000) (3,144,000)
Loss on sale of portfolio loans 324,000 0
Proceeds from sales of loans 114,280,000 91,515,000
Loans originated for sale (114,614,000) (89,978,000)
Gain on cash value life insurance (1,060,000) (965,000)
Gain on other real estate owned (77,000) (74,000)
Net change in:    
Interest receivable 10,989,000 (656,000)
Interest payable 1,258,000 (10,849,000)
Other assets (72,995,000) 12,677,000
Other liabilities (21,933,000) (12,822,000)
Net cash provided by operating activities 45,658,000 54,741,000
Investing Activities    
Purchases of securities available for sale (583,455,000) 0
Proceeds from sales of securities available for sale 1,409,870,000 0
Proceeds from maturities, calls and principal repayments of securities available for sale 32,284,000 14,721,000
Purchases of securities held to maturity 0 (312,000)
Proceeds from maturities of securities held to maturity 63,783,000 52,586,000
Net change in interest-earning time deposits 735,000 1,470,000
Purchase of FHLB stock (301,000) (19,317,000)
Redemption of FHLB stock 8,414,000 0
Purchase of loans 0 (240,020,000)
Proceeds from sale of portfolio loans 228,892,000 0
Net change in loans (131,826,000) (173,382,000)
Proceeds on the sale of OREO and repossessed assets 623,000 1,067,000
Premises and equipment expenditures (4,013,000) (3,286,000)
Proceeds from bank owned life insurance 748,000 44,043,000
Net cash provided by (used in) investing activities 1,025,754,000 (322,430,000)
Financing Activities    
Net change in deposits (79,751,000) 62,122,000
Proceeds from borrowings 139,943,000 512,759,000
Repayment of borrowings (1,132,135,000) (563,120,000)
Net change in repurchase agreements (2,944,000) (13,631,000)
Net proceeds from issuance of subordinated notes 95,784,000 0
Net settlement of share awards (4,141,000) (840,000)
Proceeds from issuance of common stock 97,950,000 0
Dividends paid on common stock (21,293,000) (21,282,000)
Net cash used in financing activities (906,588,000) (23,992,000)
Net Change in Cash and Cash Equivalents 164,824,000 (291,681,000)
Cash and Cash Equivalents, Beginning of Period 293,431,000 526,515,000
Cash and Cash Equivalents, End of Period 458,255,000 234,834,000
Additional Supplemental Information    
Interest paid 106,222,000 138,505,000
Income taxes paid 20,347,000 9,505,000
Transfer of loans to other real estate and repossessed assets 2,623,000 1,845,000
Transfer of held to maturity securities to available for sale 1,798,361,000 0
Transfer of LHI to HFS 191,485,000 0
Cash dividends declared, not paid $ 8,194,000 $ 0