XML 18 R7.htm IDEA: XBRL DOCUMENT v3.25.2
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash Flows from Operating Activities    
Net income $ 74,151 $ 56,250
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 4,425 4,262
Accretion of discounts on securities, net (1,974) (1,455)
Amortization of operating lease ROUAs 4,487 4,087
Other amortization and accretion, net 1,280 1,068
Stock-based compensation 6,996 6,105
Origination of loans designated for sale (44,862) (58,002)
Sale of loans designated for sale 56,171 59,240
Provision for credit losses 13,629 6,286
Deferred income taxes 3,195 6,933
Gains on securities (235) (185)
Gains on sale of loans (3,025) (3,435)
Gains on sale of OREO, net of write-downs (109) (135)
Losses on disposition of fixed assets and write-downs upon transfer of bank premises to OREO 94 289
Changes in operating assets and liabilities, net of effects from acquired companies:    
Net (increase) decrease in other assets (11,699) 7,204
Net increase (decrease) in other liabilities 809 (6,977)
Net cash provided by operating activities 103,333 81,535
Cash Flows from Investing Activities    
Maturities and repayments of debt securities AFS 208,717 144,875
Maturities and repayments of debt securities HTM 21,920 22,328
Proceeds from sale of debt securities AFS 0 86,829
Purchases of debt securities AFS (794,370) (376,726)
Maturities and redemptions of time deposits with other banks 1,721 1,483
Purchases of time deposits with other banks 0 (3,482)
Net new loans and principal repayments (323,887) 12,219
Proceeds from the sale of loans held for investment 14,510 10,905
Proceeds from sale of OREO 2,707 2,654
Proceeds from sale of FHLB and Federal Reserve Bank stock 22,802 11,310
Purchase of FHLB and Federal Reserve Bank stock (45,762) (17,538)
Proceeds from BOLI death benefit 1,962 0
Proceeds from sale of Visa Class B shares 0 4,104
Additions to bank premises and equipment (4,637) (2,939)
Net cash used in investing activities (894,317) (103,978)
Cash Flows from Financing Activities    
Net increase in deposits 255,171 339,184
Net decrease in repurchase agreements (45,981) (112,470)
Net increase of FHLB borrowings with original maturities of three months or less 100,000 0
Repayments of FHLB borrowings with original maturities of more than three months (30,000) (160,000)
Proceeds from FHLB borrowings with original maturities of more than three months 400,000 290,000
Stock-based employee benefit plans (1,425) (298)
Repurchase of common stock 0 (880)
Dividends paid (30,960) (30,750)
Net cash provided by financing activities 646,805 324,786
Net (decrease) increase in cash and cash equivalents (144,179) 302,343
Cash and cash equivalents at beginning of period 476,607 447,182
Cash and cash equivalents at end of period 332,428 749,525
Supplemental disclosure of cash flow information:    
Cash paid for interest 132,851 144,396
Cash paid for taxes, net 5,380 5,888
Recognition of operating lease ROUAs, other than through bank acquisitions, net of terminations 7,796 0
Recognition of operating lease liabilities, other than through bank acquisitions, net of terminations 7,796 0
Supplemental disclosure of non-cash investing activities:    
Transfers from loans to OREO 1,116 953
Transfers from bank premises to OREO $ 0 $ 883