XML 18 R7.htm IDEA: XBRL DOCUMENT v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash Flows from Operating Activities    
Net income $ 91,430 $ 74,151
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 5,721 4,425
Accretion of discounts on securities, net (9,222) (1,974)
Amortization of operating lease ROUAs 5,215 4,487
Other amortization and accretion, net 9,380 1,280
Stock-based compensation 10,000 6,996
Origination of loans designated for sale (160,001) (44,862)
Sale of loans designated for sale 161,956 56,171
Provision for credit losses 9,758 13,629
Deferred income taxes 3,801 3,195
Losses (gains) on securities 39,587 (235)
Gains on sale of loans (4,119) (3,025)
Losses (gains) on sale and write-downs of bank premises, equipment and OREO 212 (15)
Changes in operating assets and liabilities:    
Net increase in other assets (9,546) (11,699)
Net (decrease) increase in other liabilities (20,654) 809
Net cash provided by operating activities 133,518 103,333
Cash Flows from Investing Activities    
Maturities and repayments of debt securities AFS 348,441 208,717
Maturities and repayments of debt securities HTM 21,997 21,920
Proceeds from sale of debt securities AFS 277,155 0
Purchases of debt securities AFS (675,752) (794,370)
Maturities and redemptions of time deposits with other banks 13,677 1,721
Net new loans and principal repayments (525,865) (323,887)
Proceeds from the sale of loans held for investment 13,531 14,510
Proceeds from sale of OREO 989 2,707
Proceeds from sale of FHLB and Federal Reserve Bank stock 34,923 22,802
Purchase of FHLB and Federal Reserve Bank stock (37,918) (45,762)
Proceeds from BOLI death benefit 0 1,962
Additions to bank premises and equipment (6,766) (4,637)
Net cash used in investing activities (535,588) (894,317)
Cash Flows from Financing Activities    
Net increase in deposits 535,952 255,171
Net decrease in repurchase agreements (15,908) (45,981)
Net increase of FHLB borrowings with original maturities of three months or less 150,000 100,000
Repayments of FHLB borrowings with original maturities of more than three months (560,000) (30,000)
Proceeds from FHLB borrowings with original maturities of more than three months 410,000 400,000
Stock-based employee benefit plans (1,648) (1,425)
Repurchase of common stock (33,327) 0
Dividends paid (41,600) (30,960)
Net cash provided by financing activities 443,469 646,805
Net increase (decrease) in cash and cash equivalents 41,399 (144,179)
Cash and cash equivalents at beginning of period 388,545 476,607
Cash and cash equivalents at end of period 429,944 332,428
Supplemental disclosure of cash flow information:    
Cash paid for interest 151,295 132,851
Cash paid for taxes, net 16,910 5,380
Recognition of operating lease ROUAs, other than through bank acquisitions, net of terminations 2,786 7,796
Recognition of operating lease liabilities, other than through bank acquisitions, net of terminations 2,824 7,796
Supplemental disclosure of non-cash investing activities:    
Transfers from loans to OREO $ 0 $ 1,116