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Condensed Parent Company Financial Statements | 12 Months Ended
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Dec. 31, 2025
Condensed Financial Information Disclosure [Abstract] |
Condensed Parent Company Financial Statements | Condensed Parent Company Financial Statements Condensed Parent Company Balance Sheets as of December 31, 2025 and 2024 and Statements of Income for the years ended December 31, 2025, 2024 and 2023 are as follows. The Statement of Stockholders' Equity is not presented below as the parent company's stockholders' equity is that of the consolidated company. Balance Sheets
| At December 31,
| 2025 |  | 2024
| (In Thousands)
ASSETS |  |  |
Cash and due from banks | $ | 147,874 |  |  | $ | 31,958 |
Short-term investments | 36 |  |  | 35 |
Total cash and cash equivalents | 147,910 |  |  | 31,993 |
Restricted equity securities | 1 |  |  | 152 |
Premises and equipment, net | 1,416 |  |  | 2,391 |
Deferred tax asset | — |  |  | 3,525 |
Investment in subsidiaries, at equity | 2,510,193 |  |  | 1,241,520 |
Goodwill | 35,267 |  |  | 35,267 |
Other assets | 22,440 |  |  | 26,318 |
Total assets | $ | 2,717,227 |  |  | $ | 1,341,166 |
LIABILITIES AND STOCKHOLDERS' EQUITY |  |  |
Borrowed funds | $ | 198,572 |  |  | $ | 84,328 |
Deferred tax liability | 615 |  |  | — |
Accrued expenses and other liabilities | 21,979 |  |  | 34,899 |
Total liabilities | 221,166 |  |  | 119,227 |
Stockholders' equity: |  |  |
Common stock, $0.01 par value; 200,000,000 shares authorized; 89,576,403 shares issued and 96,998,075 shares issued, respectively | 896 |  |  | 970 |
Additional paid-in capital | 2,171,885 |  |  | 902,584 |
Retained earnings | 485,862 |  |  | 458,943 |
Accumulated other comprehensive loss | (20,002) |  |  | (52,882) |
Treasury stock, at cost; 5,545,511 shares and 7,019,384 shares, respectively | (142,580) |  |  | (87,676) |
Total stockholders' equity | 2,496,061 |  |  | 1,221,939 |
Total liabilities and stockholders' equity | $ | 2,717,227 |  |  | $ | 1,341,166 |
Statements of Income
| Year Ended December 31,
| 2025 |  | 2024 |  | 2023
| (In Thousands)
Interest and dividend income: |  |  |  |  |
Dividend income from subsidiaries | $ | 45,000 |  |  | $ | 57,000 |  |  | $ | 46,500 |
Short-term investments | 229 |  |  | 114 |  |  | 1 |
Restricted equity securities | 16 |  |  | — |  |  | — |
Total interest and dividend income | 45,245 |  |  | 57,114 |  |  | 46,501 |
Interest expense: |  |  |  |  |
Borrowed funds | 9,571 |  |  | 6,261 |  |  | 5,503 |
Total interest expense | 9,571 |  |  | 6,261 |  |  | 5,503 |
Net interest income | 35,674 |  |  | 50,853 |  |  | 40,998 |
Non-interest income: |  |  |  |  |
Other | 24 |  |  | 14 |  |  | 391 |
Total non-interest income | 24 |  |  | 14 |  |  | 391 |
Non-interest expense: |  |  |  |  |
Compensation and employee benefits (1) | (1,822) |  |  | 504 |  |  | 334 |
Occupancy | 1,623 |  |  | 1,623 |  |  | 1,602 |
Equipment and data processing (1) | (2,329) |  |  | (1,642) |  |  | (1,187) |
Directors' fees | 317 |  |  | 127 |  |  | 483 |
Franchise taxes | 219 |  |  | 251 |  |  | 251 |
Insurance | 322 |  |  | 762 |  |  | 832 |
Professional services (1) | (110) |  |  | (733) |  |  | (95) |
Advertising and marketing | 7 |  |  | 36 |  |  | 34 |
Merger and restructuring expense | 5,804 |  |  | 3,378 |  |  | 6,182 |
Other (1) | (1,312) |  |  | (1,063) |  |  | (1,648) |
Total non-interest expense | 2,719 |  |  | 3,243 |  |  | 6,788 |
Income before income taxes | 32,979 |  |  | 47,624 |  |  | 34,601 |
Credit for income taxes | (2,856) |  |  | (1,912) |  |  | (3,124) |
Income before equity in undistributed income of subsidiaries | 35,835 |  |  | 49,536 |  |  | 37,725 |
Equity in undistributed income of subsidiaries | 54,436 |  |  | 19,179 |  |  | 37,274 |
Net income | $ | 90,271 |  |  | $ | 68,715 |  |  | $ | 74,999 |
_______________________________________________________________________________ (1) The Parent Company received a net benefit in 2025, 2024 and 2023 from the intercompany allocation of expense that is eliminated in consolidation. Statements of Cash Flows
| Year Ended December 31,
| 2025 |  | 2024 |  | 2023
| (In Thousands)
Cash flows from operating activities: |  |  |  |  |
Net income attributable to parent company | $ | 90,271 |  |  | $ | 68,715 |  |  | $ | 74,999 |
Adjustments to reconcile net income to net cash provided from operating activities: |  |  |  |  |
Equity in undistributed income of subsidiaries | (54,436) |  |  | (19,179) |  |  | (37,274) |
Depreciation of premises and equipment | 1,411 |  |  | 1,477 |  |  | 1,514 |
Amortization of debt issuance costs | 100 |  |  | 100 |  |  | 100 |
Other operating activities, net | (6,352) |  |  | 7,274 |  |  | (22,515) |
Net cash provided from operating activities | 30,994 |  |  | 58,387 |  |  | 16,824 |
Cash flows from investing activities: |  |  |  |  |
Proceeds from sale of restricted equity securities | 151 |  |  | — |  |  | — |
Purchase of premises and equipment | (436) |  |  | (1,167) |  |  | (48) |
Net cash and cash equivalents acquired in acquisition | 148,327 |  |  | — |  |  | (107,332) |
Net cash provided from (used for) investing activities | 148,042 |  |  | (1,167) |  |  | (107,380) |
Cash flows from financing activities: |  |  |  |  |
Payment of dividends on common stock | (63,119) |  |  | (48,058) |  |  | (47,926) |
Net cash used for financing activities | (63,119) |  |  | (48,058) |  |  | (47,926) |
Net increase (decrease) in cash and cash equivalents | 115,917 |  |  | 9,162 |  |  | (138,482) |
Cash and cash equivalents at beginning of year | 31,993 |  |  | 22,831 |  |  | 161,313 |
Cash and cash equivalents at end of year | $ | 147,910 |  |  | $ | 31,993 |  |  | $ | 22,831 |

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 235 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477314/942-235-S99-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480738/235-10-S50-4 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3 Reference 4: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481231/810-10-45-11 + Details
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