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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 $ 91,530 $ 83,625
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 6,995 6,200
Provision for credit losses 12,582 11,949
Stock-based compensation expense 2,608 1,872
Deferred compensation expense accrued 4,373 4,373
Gains on other real estate owned, net (35) (223)
Amortization of premiums on securities, net (285) 871
Caplet amortization   376
Fair value loss on derivatives and trading securities 452 999
Ineffectiveness on fair value hedges 16 16
Loans originated for sale (60,484) (57,256)
Proceeds on sales of loans 62,659 60,087
Gains on sales of residential real estate loans (1,382) (1,307)
Gains on sales of government guaranteed portions of loans (107) (36)
Proceeds from loan securitizations   193,520
Net gain on loan securitizations   473
Losses on sales and disposals of premises and equipment 6 143
Amortization of intangibles 1,984 2,070
Accretion of acquisition fair value adjustments, net (451) (463)
Increase in cash value of bank-owned life insurance (2,474) (2,414)
Gain on bank-owned life insurance death benefits   (2,232)
Goodwill impairment   432
Increase in other assets (9,722) (7,628)
Decrease in other liabilities (22,132) (28,239)
Net cash provided by provided by operating activities 86,133 267,208
CASH FLOWS FROM INVESTING ACTIVITIES    
Net decrease in federal funds sold 4,950 22,250
Net (increase) decrease in interest-bearing deposits at financial institutions 5,609 (41,040)
Proceeds from sales of other real estate owned 806 1,687
Activity in securities portfolio:    
Purchases (170,497) (148,091)
Calls, maturities and redemptions 41,846 35,284
Paydowns 22,046 13,528
Sales   445
Activity in restricted investment securities:    
Purchases (4,606) (6,272)
Redemptions 4,208 8,534
Proceeds from bank-owned life insurance death benefits   4,085
Net increase in loans/leases originated and held for investment (407,482) (525,328)
Purchase of premises and equipment (42,863) (30,542)
Proceeds from sales of premises and equipment 1,845 2
Purchase of swaptions   (4,500)
Net cash used in investing activities (544,138) (669,958)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net increase in deposit accounts 318,881 470,628
Net increase in short-term borrowings 1,050 1,250
Activity in Federal Home Loan Bank advances:    
Term advances   10,383
Net change in short-term and overnight advances 5,000 (70,000)
Activity in other borrowings:    
Proceeds from other borrowings 130,604  
Prepayments of subordinated notes (70,000)  
Proceeds from subordinated notes 70,000  
Payment of cash dividends on common stock (3,044) (4,032)
Proceeds from issuance of common stock, net 356 1,238
Repurchase and cancellation of common stock (8,993)  
Net cash provided by financing activities 443,854 409,467
Net increase (decrease) in cash and due from banks (14,151) 6,717
Cash and due from banks, beginning 91,732 97,123
Cash and due from banks, ending 77,581 103,840
Supplemental disclosure of cash flow information, cash payments for:    
Interest 177,880 188,761
Income/franchise taxes 635 4,353
Supplemental schedule of noncash investing activities:    
Change in fair value of fair value hedges (2,004)  
Transfers of loans to other real estate owned 110 486
Transfer of loans to held for sale for securitizations in preparation   165,941
Beneficial interests (trading securities) acquired in securitizations   36,670
Increase in the fair value of back-to-back interest rate swap assets and liabilities 23,186 $ 73,885
Dividends payable $ 1,017