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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 $ 40,925 $ 53,422
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of premises and equipment 4,264 3,284
Provision for credit losses 44,700 10,300
Loss on bank owned life insurance policy exchange 327 0
Amortization of intangibles 4,726 939
Net accretion of loan purchase discounts (13,955) (692)
Accretion on bank premises 0 (37)
Amortization (accretion) on time deposits 880 (81)
Amortization on borrowings, net 17 16
Stock-based compensation 3,819 3,216
Gains on equity securities, net (2,550) (309)
Gains on sale of loans held-for-sale, net (1,372) (2,126)
Loans originated for resale (21,352) (18,202)
Proceeds from sale of loans held-for-sale 23,467 20,328
Net loss on disposition of premises and equipment 87 0
Increase in cash surrender value of bank owned life insurance (6,602) (5,486)
Accretion of discounts and amortization of premium on securities available-for-sale (481) 598
Amortization of subordinated debentures issuance costs 459 379
(Increase) decrease in accrued interest receivable (1,196) 2,157
Net change in operating leases 910 (123)
Increase in other assets (20,981) (1,617)
Increase (decrease) in other liabilities 2,606 (37,505)
Net cash provided by operating activities 58,698 28,461
Cash flows from investing activities    
Purchases (391,666) (66,743)
Sales 277,477 0
Maturities, calls and principal repayments 102,982 47,753
Purchase of equity securities (1,825) (1,526)
Proceeds from equity securities sold 4,334 0
Net redemptions of restricted investment in bank stocks 13,209 8,685
Net (increase) decrease in loans (102,041) 223,922
Proceeds from bank owned life insurance 278 1,114
Purchases of premises and equipment (3,787) (1,536)
Cash acquired, net of cash consideration paid in acquisition 54,861 0
Net cash (used in) provided by investing activities (46,178) 211,669
Cash flows from financing activities    
Net increase (decrease) in deposits 297,154 (12,016)
Proceeds from issuance of subordinated debt 200,000 0
Redemption of subordinated debt (75,000) 0
Payment of subordinated debt issuance costs (3,726) 0
Proceeds from FHLB borrowings 790,000 630,587
Repayment of FHLB borrowings (1,005,043) (822,049)
Cash dividends on preferred stock (4,527) (4,527)
Cash dividends paid on common stock (22,900) (20,368)
Repurchase of common stock 0 (5,820)
Share redemption for tax withholdings on performance units, deferred stock units earned and restricted stock units (2,232) (1,403)
Net cash provided by (used in) financing activities 173,726 (235,596)
Net change in cash and cash equivalents 186,246 4,534
Cash and cash equivalents at beginning of period 356,488 242,714
Cash and cash equivalents at end of period 542,734 247,248
Supplemental disclosures of cash flow information    
Interest paid on deposits and borrowings 201,801 205,762
Income taxes 36,173 21,084
First of Long Island Corporation [Member]    
Supplemental disclosures of cash flow information    
Fair value of assets acquired 3,905,094 0
Fair value of liabilities assumed 3,641,505 0
Stock issued in connection with FLIC merger $ 270,819 $ 0