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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Operating Activities      
Net Income (Loss) $ 224,135 $ 223,009 $ 165,489
Adjustments to reconcile net income to net cash provided by operating activities:      
PCL 12,870 41,255 24,581
Depreciation and amortization 39,997 38,067 35,756
Net (accretion) amortization of securities (24,578) (10,571) 6,140
Securities (gains) losses, net 0 182,792 (39)
Gains on sales of loans, net (19,988) (19,279) (13,599)
Gain on disposition of business 0 (228,272) 0
Compensation expense, long-term incentive plan 6,213 7,215 6,155
Deferred income tax provision 23,000 23,800 (4,800)
Proceeds from sales of LHFS 1,176,762 1,161,563 1,149,609
Purchases and originations of LHFS (1,197,318) (1,137,962) (1,177,563)
Originations of MSR (15,052) (13,291) (13,712)
Earnings on bank-owned life insurance (7,658) (4,078) (5,244)
Net change in other assets 233 (6,225) (11,454)
Net change in other liabilities 15,437 (108,545) 34,376
Other operating activities, net 9,849 (32,549) 1,192
Net cash from operating activities 243,902 116,929 196,887
Investing Activities      
Proceeds from maturities, prepayments and calls of securities held to maturity 141,770 116,186 103,051
Proceeds from maturities, prepayments and calls of securities available for sale 219,282 243,981 301,344
Proceeds from sales of securities available for sale 0 1,378,272 4,796
Purchases of securities held to maturity 0 (10,644) (19,491)
Purchases of securities available for sale (317,685) (1,555,065) 0
Net proceeds from bank-owned life insurance 2,556 (46) (46)
Net change in federal funds sold and securities purchased under reverse repurchase agreements 0 0 4,000
Net change in member bank stock 2,884 9,496 17,830
Net change in LHFI (609,536) (220,974) (761,931)
Proceeds from sales of 1-4 family mortgage loans 0 43,935 0
Purchases of premises and equipment (11,949) (23,493) (40,082)
Proceeds from sales of premises and equipment 4,185 2,219 1,863
Proceeds from sales of other real estate 4,979 4,980 2,410
Purchases of software (8,262) (5,092) (8,575)
Investments in tax credit and other partnerships (14,423) (20,706) (16,343)
Proceeds from disposition of business, net 0 321,345 0
Other, net 0 200 0
Net cash from investing activities (586,199) 284,594 (411,174)
Financing Activities      
Net change in deposits 391,609 (461,588) 1,132,115
Net change in federal funds purchased and securities sold under repurchase agreements 120,992 (81,737) (43,586)
Net change in other borrowings 25,000 (200,058) (575,020)
Payments under finance lease obligations (452) (424) (721)
Net proceeds from subordinated notes 171,936 0 0
Payment of subordinated notes (125,000) 0 0
Common stock dividends (58,456) (56,790) (56,653)
Repurchase and retirement of common stock (80,036) (7,499) 0
Shares withheld to pay taxes, long-term incentive plan (2,540) (1,519) (1,092)
Net cash from financing activities 443,053 (809,615) 455,043
Net change in cash and cash equivalents 100,756 (408,092) 240,756
Cash and cash equivalents at beginning of year 567,251 975,343 734,587
Cash and cash equivalents at end of year $ 668,007 $ 567,251 $ 975,343