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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Dec. 31, 2024
Jun. 30, 2024
Mar. 31, 2024
OPERATING ACTIVITIES:        
Net Income (Loss) Attributable to Parent $ 45,135 $ 46,391 $ 39,795 $ 37,559
Adjustments to reconcile net income to net cash provided from operating activities:        
Depreciation 4,304     4,569
Deferred income and expense, net of amortization (2,377)     (1,594)
Capitalized loan servicing rights, net of amortization 68     391
Amortization of core deposit intangibles 456     723
Loss on sale of securities, net 0     4,903
Net change in valuation of financial instruments carried at fair value (315)     992
Decrease in deferred taxes (229)     (61)
Increase in current taxes payable/receivable, net 6,955     6,273
Stock-based compensation 2,230     2,225
Net change in cash surrender value of BOLI (2,268)     (2,234)
Gain on sale of loans, excluding capitalized servicing rights (1,452)     (1,013)
Gain on disposal of real estate held for sale and property and equipment, net (140)     (261)
PROVISION FOR CREDIT LOSSES 3,139     520
Origination of loans held for sale (75,240)     (48,424)
Proceeds from sales of loans held for sale 109,737     66,932
Net change in:        
Other assets 8,819     1,771
Other liabilities (42,042)     (21,927)
Net cash provided from operating activities 57,238     51,466
INVESTING ACTIVITIES:        
Purchases of securities—available-for-sale 9,844     10,477
Principal repayments and maturities of securities—available-for-sale 43,137     42,740
Proceeds from sales of securities—available-for-sale 0     70,777
Principal repayments and maturities of securities—held-to-maturity 9,779     20,724
Loan originations, net of repayments (110,973)     (72,019)
Purchases of loans and participating interest in loans (10,780)     (4,666)
Proceeds from sales of other loans 10,947     4,522
Purchases of property and equipment (1,661)     (2,227)
Proceeds from sale of real estate held for sale and sale of other property 1,563     581
Proceeds from FHLB stock repurchase program 62,055     47,747
Purchase of FHLB stock (56,891)     (35,460)
Other 874     (35)
Net cash (used by) provided from investing activities (61,794)     62,207
FINANCING ACTIVITIES:        
Increase in deposits, net 78,867     129,274
Repayment of overnight and short term FHLB advances, net (122,000)     (271,000)
Decrease in other borrowings, net 5,331     464
Taxes paid related to net share settlement of equity awards (772)     (907)
Net Cash Provided by (Used in) Financing Activities, Total (55,357)     (158,861)
NET CHANGE IN CASH AND CASH EQUIVALENTS (59,913)     (45,188)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 501,858   $ 209,276 254,464
CASH AND CASH EQUIVALENTS, END OF PERIOD 441,945 $ 501,858   209,276
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:        
Interest paid in cash 51,240     53,278
Tax paid 0     5
NON-CASH INVESTING AND FINANCING TRANSACTIONS:        
Transfer of loans to real estate owned and other repossessed assets 1,278     242
Dividends Payable 1,365     1,106
Loans, held-for-sale, transferred from portfolio (25,560)     (15,682)
Payments of Ordinary Dividends, Common Stock $ 16,783     $ 16,692