XML 19 R8.htm IDEA: XBRL DOCUMENT v3.25.3
Unaudited Consolidated Statements of Cash Flows - USD ($)
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash flows from operating activities:    
Net (loss) income $ (9,114,000) $ 51,179,000
Adjustments to reconcile net income to net cash provided from operating activities:    
Provision for credit losses 100,514,000 17,607,000
Deferred income tax (benefit) expense (5,118,000) 1,696,000
Depreciation of premises and equipment 6,129,000 6,012,000
Accretion of investment securities premiums and discounts, net (1,303,000) (4,423,000)
Accretion of premiums and discounts and deferred loan and lease origination costs, net (12,878,000) (5,008,000)
Amortization of identified intangible assets 6,448,000 5,045,000
Amortization of debt issuance costs 76,000 75,000
Amortization (accretion) of acquisition fair value adjustments, net (3,735,000) 1,036,000
Gain on sales of loans and leases held-for-sale (1,463,000) (545,000)
Write-down of other repossessed assets 444,000 297,000
Compensation under recognition and retention plans 5,241,000 2,511,000
Net change in:    
Cash surrender value of bank-owned life insurance (1,414,000) (1,501,000)
Other assets 62,463,000 29,012,000
Accrued expenses and other liabilities (89,282,000) (41,525,000)
Net cash provided from operating activities 57,008,000 61,468,000
Cash flows from investing activities:    
Proceeds from sales of investment securities available-for-sale 176,312,000 0
Proceeds from maturities, calls, and principal repayments of investment securities available-for-sale 98,925,000 152,554,000
Purchases of investment securities available-for-sale (11,737,000) (69,856,000)
Proceeds from redemption/sales of restricted equity securities 69,122,000 21,434,000
Purchase of restricted equity securities (57,961,000) (26,514,000)
Proceeds from sales of loans and leases net 300,822,000 79,132,000
Net decrease (increase) in loans and leases 285,025,000 (205,845,000)
Net cash and cash equivalents acquired in acquisition 1,084,095,000 0
Purchase of premises and equipment, net (4,449,000) (3,173,000)
Proceeds from sales of other repossessed assets 608,000 1,161,000
Net cash provided from (used for) investing activities 1,940,762,000 (51,107,000)
Cash flows from financing activities:    
Decrease in demand checking, NOW, savings and money market accounts (10,350,000) (44,513,000)
(Decrease) increase in certificates of deposit and brokered deposits (270,820,000) 227,858,000
Proceeds from FHLB advances 791,000,000 1,287,100,000
Repayment of FHLB advances (1,748,587,000) (1,165,439,000)
Decrease in other borrowed funds, net (39,280,000) (1,005,000)
Decrease in mortgagors' escrow accounts, net (4,696,000) (2,783,000)
Payment of dividends on common stock (36,087,000) (36,030,000)
Payment of income taxes for shares withheld in share based activity (2,000,000) (687,000)
Net cash (used for) provided from financing activities (1,320,820,000) 264,501,000
Net (decrease) increase in cash and cash equivalents 676,950,000 274,862,000
Cash and cash equivalents at beginning of period 543,670,000 133,027,000
Cash and cash equivalents at end of period 1,220,620,000 407,889,000
Cash paid during the period for:    
Interest on deposits, borrowed funds and subordinated debt 214,006,000 218,897,000
Income taxes 13,821,000 10,180,000
Non-cash investing activities:    
Transfer from loans and leases to loans held-for-sale 79,859,000 0
Transfer from loans to other repossessed assets 925,000 1,343,000
Fair value of assets assumed 12,142,456,000 0
Fair value of liabilities assumed $ 11,044,057,000 $ 0