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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash Flows from Operating Activities    
Net income (loss) $ 57,098 $ (11,707)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization of fixed assets 3,391 2,315
Amortization of other intangible assets 8,297 2,865
Amortization on assumed liabilities 3,599 2,526
Accretion income related to acquired loans (22,979) (13,302)
Amortization of housing tax credits 3,567 2,745
Realized (gain) on sales of available-for-sale securities (39) (613)
Realized (gain) loss on sales of OREO property 2 (26)
Provision for credit losses 1,125 23,240
Income from company-owned life insurance (4,175) (1,469)
Deferred tax expense (benefit) 11,351 (38,461)
Loss on disposal of fixed assets 86 473
Accretion of securities (2,183) (1,654)
Amortization of securities 4,849 4,631
Share-based compensation expense 2,470 1,496
Repayment of operating lease liabilities (1,267) (1,111)
(Gain) on loans held-for-sale (184) (199)
Proceeds from sale of loans held-for-sale 14,479 14,105
Change in fair value of loans held-for-sale 0 28
Originations of loans held-for-sale (13,475) (15,705)
(Increase) in accrued interest receivable (999) (1,501)
(Increase) in other assets (55,847) (39,733)
Increase in accrued interest payable and other liabilities 28,522 32,178
Net cash flows provided by (used in) operating activities 37,688 (38,879)
Cash Flows from Investing Activities    
Proceeds from maturities, prepayments, and calls of securities available-for-sale, net 107,736 128,020
Proceeds from sale of securities available-for-sale, net 963 365,990
Purchases of securities available-for-sale, net (193,692) (480,920)
Cash (paid) from merger, net 0 (750)
Sales of restricted stock 29,069 24,201
Purchases of restricted stock (37,699) (33,406)
Purchases of property and equipment, net of disposals (5,204) (2,523)
Proceeds from company-owned life insurance 4,827 1,433
Proceeds from sale of OREO property 161 0
Decrease in loans made to customers, net 102,851 163,612
Net cash flows provided by investing activities 9,012 165,657
Cash Flows from Financing Activities    
Net (decrease) in non-interest-bearing accounts (16,323) (14,966)
Net (decrease) in interest-bearing accounts (108,980) (56,300)
Net increase in other short-term borrowings 285,000 122,064
Repayment of finance lease liabilities (113) (107)
Cash dividends paid (16,941) (12,033)
Proceeds from employee stock purchase program 354 208
Issuance of common stock 135 1,778
Sale of treasury stock 0 0
Net cash flows provided by financing activities 143,132 40,644
Increase in cash and cash equivalents 189,832 167,422
Cash and cash equivalents    
Beginning of period 135,314 44,498
End of period 325,146 211,920
Cash payments for:    
Interest paid to depositors 63,801 41,716
Interest paid on short-term borrowings 8,781 14,004
Interest paid on subordinated debt and trust preferred securities 2,652 1,860
Interest paid on finance leases 53 56
Income taxes 5,293 775
Change in unrealized gains on available-for-sale securities 7,876 (105)
Lease liability arising from obtaining right-of-use assets 0 10,362
Loans transferred to other real estate owned 117 0
Common stock issued for merger, net 0 387,032
Preferred stock issued for merger, net $ 0 $ 10,413