XML 19 R8.htm IDEA: XBRL DOCUMENT v3.26.3
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 106,068 $ 91,530
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 7,907 6,995
Provision for credit losses 11,614 12,582
Stock-based compensation expense 2,352 2,608
Deferred compensation expense accrued 5,094 4,373
Gains on other real estate owned, net   (35)
Amortization of securities premiums/discounts, net 1,117 (285)
Fair value (gain) loss on derivatives and trading securities (375) 452
Ineffectiveness on fair value hedges 21 16
Loans originated for sale (63,866) (60,484)
Proceeds on sales of loans 226,003 62,659
Gains on sales of residential real estate loans (1,446) (1,382)
Proceeds from loan securitizations 247,702  
Net loss on loan securitizations 1,272  
Net loss on LIHTC construction loan sales 287  
Losses on sales and disposals of premises and equipment 5 6
Amortization of intangibles 1,518 1,984
Accretion of acquisition fair value adjustments, net (1,035) (451)
Increase in cash value of bank-owned life insurance (2,745) (2,474)
Gain on bank-owned life insurance proceeds (98)  
Increase (decrease) in other assets 10,197 (9,722)
Increase in other liabilities (45,086) (22,239)
Net cash provided by operating activities 506,506 86,133
CASH FLOWS FROM INVESTING ACTIVITIES    
Net (increase) decrease in federal funds sold (16,500) 4,950
Net decrease in interest-bearing deposits at financial institutions 64,537 5,609
Proceeds from sales of other real estate owned 190 806
Activity in securities portfolio:    
Purchases (185,867) (170,497)
Calls, maturities and redemptions 68,884 41,846
Paydowns 4,331 22,046
Activity in restricted investment securities:    
Purchases (18,149) (4,606)
Redemptions   4,208
Proceeds from bank-owned life insurance 330  
Net increase in loans/leases originated and held for investment (492,079) (407,482)
Proceeds from sales of premises and equipment   1,845
Purchase of premises and equipment (44,446) (42,863)
Net cash used in investing activities (618,769) (544,138)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net increase (decrease) in deposit accounts (210,997) 318,881
Net increase in short-term borrowings 2,100 1,050
Activity in Federal Home Loan Bank advances:    
Term advances 226  
Net change in short-term and overnight advances 388,000 5,000
Activity in other borrowings:    
Proceeds from other borrowings, net of issuance costs   130,604
Repayments (8,185)  
Prepayments of subordinated notes   (70,000)
Proceeds from subordinated notes   70,000
Payment of cash dividends on common stock (4,337) (3,044)
Proceeds from issuance of common stock, net 2,086 356
Repurchase and cancellation of common stock (43,857) (8,993)
Net cash provided by (used in) financing activities 125,036 443,854
Net increase in cash and due from banks 12,773 (14,151)
Cash and due from banks, beginning 76,494 91,732
Cash and due from banks, ending 89,267 77,581
Supplemental disclosure of cash flow information, cash payments for:    
Interest 161,560 177,880
Income/franchise taxes 2,978 635
Supplemental schedule of noncash investing activities:    
Change in fair value of fair value hedges 2,803 (2,004)
Transfers of loans to other real estate owned 1,359 110
Transfer of loans to held for sale for securitizations in preparation 161,711  
Transfer of loans to held for sale for LIHTC construction loan sale 281,737  
Increase in the fair value of back-to-back interest rate swap assets and liabilities 96,988 23,186
Dividends payable $ 2,457 $ 1,017