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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash flows from operating activities:    
Net income $ 36,270 $ 32,732
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 8,600 1,400
Net gain on sale of bank-owned property (6,994) (988)
Depreciation of premises and equipment 2,623 2,975
Net amortization of premiums and discounts on securities and loans 783 878
Amortization of intangibles 607 622
Amortization of terminated cash flow hedge loss 6,418 6,442
Pension plan settlement charge 6,436 0
Share-based compensation 2,486 2,078
Tax benefit (expense) from stock option exercises and other equity awards (177) (134)
Income from bank-owned life insurance [1] (2,463) (2,262)
Net gains on loan sales, including changes in fair value (7,167) (6,599)
Proceeds from sales of loans, net 312,886 296,376
Loans originated for sale (315,993) (291,647)
(Increase) decrease in operating lease right-of-use assets 2,640 1,752
Increase (decrease) in operating lease liabilities (2,503) (1,790)
(Increase) decrease in other assets 20,429 4,616
Increase (decrease) in other liabilities (5,469) (7,603)
Net cash provided by (used in) operating activities 59,412 38,848
Cash flows from investing activities:    
Purchases of mortgage-backed securities available for sale (74,869) 0
Purchases of other debt securities available for sale (736) (1,050)
Maturities, calls and principal payments of mortgage-backed securities available for sale 57,503 53,553
Maturities, calls and principal payments of other debt securities available for sale 3,750 500
Net redemption (purchases) of Federal Home Loan Bank stock 13,486 (5,546)
Net (increase) decrease in loans 771 134,633
Net proceeds from sale of portfolio loans 283,182 0
Purchases of loans (742) (743)
Proceeds from the sale of property acquired through foreclosure or repossession 0 680
Purchases of premises and equipment (833) (3,519)
Net proceeds from the sale of bank-owned property 11,780 1,669
Purchases of bank-owned life insurance (5,000) 0
Purchase of intangible asset in asset acquisition (2,180) 0
Equity investments in real estate limited partnership (74) (2,841)
Purchases of other equity investments, net (375) (250)
Net cash provided by (used in) investing activities 285,663 177,086
Cash flows from financing activities:    
Net increase (decrease) in deposits 107,036 (176,270)
Proceeds from Federal Home Loan Bank advances 1,487,000 1,970,000
Repayments of Federal Home Loan Bank advances (1,821,000) (1,860,000)
Purchases of treasury stock (6,732) 0
Net proceeds from stock option exercises and issuance of other equity awards, net of awards surrendered (335) (267)
Cash dividends paid (32,602) (28,838)
Net cash provided by (used in) financing activities (266,633) (95,375)
Net increase (decrease) in cash and cash equivalents 78,442 120,559
Cash and cash equivalents at beginning of period 113,889 90,184
Cash and cash equivalents at end of period 192,331 210,743
Noncash Activities:    
Loans charged off 14,648 182
Commitment for equity investment in real estate limited partnerships 0 178
Supplemental Disclosures:    
Interest payments 134,735 168,036
Income tax payments $ 28 $ 6,976
[1] As reported in the Unaudited Consolidated Statements of Income.