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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash flows from operating activities:    
Net income $ 103,536 $ 82,845
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 5,050 7,050
Depreciation, amortization and accretion, net 3,935 10,410
Deferred income tax expense (benefit) (2,226) (2,222)
Gain on sale of mortgage loans held for sale (2,374) (1,868)
Origination of mortgage loans held for sale (105,149) (78,742)
Proceeds from sale of mortgage loans held for sale 107,764 81,844
Bank owned life insurance income [1] (1,882) (1,817)
Gain on the sale of premises and equipment [1] (74) 39
Gain on other real estate owned (31) 0
Stock compensation expense 3,387 2,872
Excess tax benefit from share-based compensation arrangements (604) (669)
Net change in accrued interest receivable and other assets 14,566 6,326
Net change in accrued interest payable and other liabilities (11,964) 17,865
Net cash provided by operating activities 113,934 123,933
Cash flows from investing activities:    
Proceeds from maturities and paydowns of available for sale debt securities 789,721 193,504
Purchases of available for sale debt securities (495,032) 0
Proceeds from maturities and paydowns of held to maturity debt securities 167,049 65,195
Purchases of FHLB stock (17,814) (33,711)
Proceeds from redemption of FHLB stock 18,700 20,528
Net change in loans (408,236) (506,484)
Purchases of premises and equipment (7,453) (6,570)
Proceeds from sale or disposal of premises and equipment 710 223
Other investment activities (54,585) (10,547)
Proceeds from sales of other real estate owned 116 0
Net cash used in investing activities (6,824) (277,862)
Cash flows from financing activities:    
Net change in deposits 477,571 55,325
Net change in securities sold under agreements to repurchase and federal funds purchased (89,614) (9,549)
Proceeds from FHLB advances 900,000 725,000
Repayments of FHLB advances (900,000) (600,000)
Repurchase of common stock (2,089) (3,002)
Cash dividends paid (27,709) (26,738)
Net cash provided by financing activities 358,159 141,036
Net change in cash and cash equivalents 465,269 (12,893)
Beginning cash and cash equivalents 291,020 265,959
Ending cash and cash equivalents 756,289 253,066
Supplemental cash flow information:    
Interest paid 125,403 115,558
Income taxes paid, net of refunds 15,995 13,143
Cash paid for operating lease liabilities 3,308 3,567
Supplemental non-cash activity:    
Change in unfunded commitments in tax credit investments 21,000 9,250
Dividends payable to stockholders 241 232
Loans transferred to OREO $ 265 $ 0
[1] Outside of the scope of ASC 606.