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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
OPERATING ACTIVITIES    
Net income $ 68,544 $ 32,388
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 10,004 10,759
Provision for credit losses 14,622 26,797
Net amortization of investment securities and assets 1,328 4,214
Net amortization on borrowings 99 38
Stock-based compensation expense 3,572 5,290
Loss on sale of closed branches 0 17
Gain on sale of foreclosed assets and other real estate owned (23) (87)
Gain on sale of mortgage loans held for sale (2,057) (2,007)
Loss on sale of loans 0 22
Deferred income taxes 12,946 (1,087)
Income from bank owned life insurance (4,750) (4,099)
Originations of mortgage loans held for sale (70,852) (58,355)
Proceeds from sale of mortgage loans held for sale 76,036 63,428
Changes in assets and liabilities:    
Interest receivable 2,505 5,845
Assets held in trading accounts (2,858) 0
Other assets (54,258) (16,913)
Accrued interest and other liabilities (9,535) (27,856)
Income taxes payable (5,015) (5,598)
Net cash provided by operating activities 40,308 32,796
INVESTING ACTIVITIES    
Net change in loans (481,474) (106,515)
Proceeds from sale of loans 31,498 8,578
Proceeds from sale of closed branches 0 11,077
Purchases of premises and equipment, net (6,269) (10,151)
Proceeds from sale of foreclosed assets and other real estate owned 640 1,591
Proceeds from maturities of available-for-sale securities 144,754 74,517
Purchases of available-for-sale securities (13,338) (7,796)
Proceeds from maturities of held-to-maturity securities 0 19,112
Purchases of bank owned life insurance 0 (27)
Proceeds from bank owned life insurance death benefits 2,265 607
Net cash used in investing activities (321,924) (9,007)
FINANCING ACTIVITIES    
Net change in deposits 18,745 (201,130)
Proceeds from issuance of other borrowed funds 430,000 865,000
Repayments of other borrowed funds (285,497) (725,509)
Dividends paid on common stock (31,189) (26,759)
Net change in federal funds purchased and securities sold under agreements to repurchase (12,675) 13,024
Net shares cancelled under stock compensation plans (2,036) (2,342)
Shares issued under employee stock purchase plan 838 836
Net cash provided by (used in) financing activities 118,186 (76,880)
DECREASE IN CASH AND CASH EQUIVALENTS (163,430) (53,091)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 711,913 687,377
CASH AND CASH EQUIVALENTS, END OF PERIOD $ 548,483 $ 634,286