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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities:      
Net income $ 291,160 $ 115,525 $ 128,398
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization expense 51,317 41,499 11,695
Provision charge for credit losses on loans and securities 4,126 83,588 27,904
Provision (benefit) charge for credit losses on off-balance sheet credit exposures (545) 3,977 264
Deferred tax expense (benefit) 24,461 (12,271) 2,725
Amortization of operating lease right-of-use assets 14,195 13,088 10,495
Income on Bank-owned life insurance (10,130) (11,709) (6,482)
Net amortization of premiums and discounts on securities 16,690 7,135 8,326
Accretion of net deferred loan fees (7,072) (7,201) (8,724)
Amortization of premiums on purchased loans, net 275 314 206
Originations of loans held for sale (86,023) (70,045) (19,371)
Loans transferred to held for sale 0 151,281 0
Proceeds from sales of loans held for sale 208,943 62,416 22,895
ESOP expense 0 2,601 3,086
Allocation of stock award shares 10,437 9,517 7,569
Allocation of stock options 17 77 144
Net gain on sale of loans (3,868) (1,758) (2,019)
Net (gain) loss on securities transactions (843) 2,986 (30)
Net (gain) loss on sale of premises and equipment (681) 0 154
Net loss (gain) on sale of foreclosed assets 11 (214) (2,854)
Net change in balance sheet:      
Increase in accrued interest receivable (4,638) (4,953) (7,063)
(Increase) decrease in other assets (13,078) 23,214 25,085
(Decrease) increase in other liabilities (52,490) 17,315 (29,007)
Net cash provided by operating activities 442,264 426,381 173,396
Cash flows from investing activities:      
Net increase in loans (817,673) (193,990) (625,691)
Purchases of loans (321) 0 (9,263)
Proceeds from sales of loans held for investment 0 0 2,017
Proceeds from sales of foreclosed assets 5,779 708 4,340
Proceeds from maturities, calls and paydowns of investment securities held to maturity 59,999 51,782 40,816
Purchases of investment securities held to maturity (15,277) (18,363) (17,099)
Proceeds from sales of securities available for sale 1,670 566,942 0
Proceeds from maturities calls and paydowns of securities available for sale 511,763 335,256 189,542
Purchases of available for sale debt securities (787,069) (403,999) (40,089)
Proceeds from redemption of Federal Home Loan Bank stock 379,370 205,066 212,527
Purchases of Federal Home Loan Bank stock (382,290) (237,964) (223,190)
Cash received, net of cash consideration paid for acquisition 0 194,548 0
BOLI claim benefits received 906 8,995 3,873
Proceeds from sales of premises and equipment 2,348 0 105
Purchases of premises and equipment (11,539) (1,307) (7,488)
Net cash (used in) provided by investing activities (1,052,334) 507,674 (469,600)
Cash flows from financing activities:      
Net increase (decrease) in deposits 654,870 (291,625) (270,510)
(Decrease) increase in mortgage escrow deposits (1,994) (122) 1,133
Purchase of treasury stock 0 0 0
Purchase of employee restricted shares to fund statutory tax withholding (2,874) (1,323) (1,678)
Cash dividends paid to stockholders (125,907) (100,956) (72,447)
Stock options exercised 0 0 790
Proceeds from long-term borrowings 150,000 635,900 534,807
Repayments of long-term borrowings (352,362) (1,390,028) (58,443)
Net increase (decrease) in short-term borrowings 293,882 18,603 156,299
Proceeds from subordinated debentures 0 221,180 0
Net cash provided by (used in) financing activities 615,615 (908,371) 289,951
Net increase (decrease) in cash and cash equivalents 5,545 25,684 (6,253)
Cash and cash equivalents at beginning of period 205,869 180,185 186,438
Restricted cash at beginning of period 70 70 70
Total cash, cash equivalents and restricted cash at beginning of period 205,939 180,255 186,508
Cash and cash equivalents at end of period 209,057 205,869 180,185
Restricted cash at end of period 2,427 70 70
Total cash, cash equivalents and restricted cash at end of period 211,484 205,939 180,255
Cash paid during the period for:      
Interest on deposits and borrowings 494,096 397,282 210,345
Income taxes [1] 102,650 36,184 46,461
Non cash investing activities:      
Initial recognition of operating lease right-of-use assets 0 14,742 0
Initial recognition of operating lease liabilities 0 14,742 0
Transfer of loans receivable to foreclosed assets 1,053 0 15,131
Non-cash assets acquired at fair value:      
Investment securities 0 1,632,106 0
Loans held for sale 0 1,494 0
Loans held for investment 0 7,889,138 0
Bank-owned life insurance 0 160,646 0
Goodwill and other intangible assets 0 390,361 0
Bank premises and equipment 0 60,578 0
Other assets 0 263,722 0
Total non-cash assets acquired at fair value 0 10,398,045 0
Liabilities assumed:      
Deposits 0 8,622,924 0
Borrowings and subordinated debt 0 785,927 0
Subordinated debentures 0 166,366 0
Other liabilities 0 140,598 0
Total liabilities assumed 0 9,715,815 0
Common stock issued for acquisitions $ 0 $ 876,779 $ 0
[1] Income taxes paid during the 2025 period includes the net cost of the transferrable tax credits.