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Condensed 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 $ 67,295 $ 53,485
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 3,075 2,725
Depreciation, amortization and accretion, net 2,021 6,963
Deferred income tax expense (benefit) (930) (330)
Gain on sale of mortgage loans held for sale (1,377) (1,024)
Origination of mortgage loans held for sale (68,063) (51,464)
Proceeds from sale of mortgage loans held for sale 70,712 52,106
Bank owned life insurance income [1] (1,251) (1,183)
Gain on the sale of premises and equipment [1] (74) (20)
Stock compensation expense 2,274 1,950
Excess tax benefit from share-based compensation arrangements (532) (22)
Net change in accrued interest receivable and other assets 12,549 (3,052)
Net change in accrued interest payable and other liabilities (9,980) 8,397
Net cash provided by operating activities 75,719 68,531
Cash flows from investing activities:    
Proceeds from maturities and paydowns of available for sale debt securities 501,594 61,407
Purchases of available for sale debt securities (495,032) 0
Proceeds from maturities and paydowns of held to maturity debt securities 162,229 59,286
Purchases of FHLB stock (17,814) (27,087)
Proceeds from redemption of FHLB stock 16,578 11,861
Net change in loans (328,921) (298,460)
Purchases of premises and equipment (4,398) (5,072)
Proceeds from sale or disposal of premises and equipment 710 223
Other investment activities (34,268) (8,579)
Proceeds from sales of other real estate owned 75 0
Net cash used in investing activities (199,247) (206,421)
Cash flows from financing activities:    
Net change in deposits 340,349 (101,510)
Net change in securities sold under agreements to repurchase and federal funds purchased (36,207) (2,866)
Proceeds from FHLB advances 600,000 600,000
Repayments of FHLB advances (600,000) (400,000)
Repurchase of common stock (1,916) (1,687)
Cash dividends paid (18,306) (17,655)
Net cash provided by financing activities 283,920 76,282
Net change in cash and cash equivalents 160,392 (61,608)
Beginning cash and cash equivalents 291,020 265,959
Ending cash and cash equivalents 451,412 204,351
Supplemental cash flow information:    
Interest paid 82,218 74,696
Income taxes paid, net of refunds 11,035 7,188
Cash paid for operating lease liabilities 2,174 2,373
Supplemental non-cash activity:    
Change in unfunded commitments in tax credit investments 21,000 9,250
Dividends payable to stockholders 214 201
Loans transferred to OREO $ 75 $ 0
[1] Outside of the scope of ASC 606.