XML 18 R8.htm IDEA: XBRL DOCUMENT v3.25.3
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
OPERATING ACTIVITIES:    
Net income $ 48,233 $ 66,708
Adjustments to reconcile net income to net cash provided by operations:    
Depreciation and net amortization 8,005 7,518
Securities premium amortization (discount accretion), net 5,708 4,657
Loan (discount accretion) premium amortization, net 660 298
Provision for (reversal of) credit losses 2,472 1,962
Stock compensation expense 2,390 2,504
Deferred tax expense (benefit) (546) (878)
Net (gain) loss on sale of AFS securities 24,949 2,510
Loss on impairment of investments 0 868
Net loss on premises and equipment 1,655 28
Gross proceeds from sales of loans held for sale 13,050 13,423
Gross originations of loans held for sale (11,601) (11,289)
Net (gain) loss on consumer receivables 0 412
Net (gain) loss on OREO 109 95
Gain on purchase of subordinated notes 0 (178)
Net change in:    
Interest receivable 11,311 12,601
Other assets 90 (39,564)
Interest payable 1,648 (449)
Other liabilities (38,046) 1,815
Net cash provided by (used in) operating activities 70,087 63,041
Securities AFS:    
Purchases (594,646) (752,237)
Sales 411,502 126,248
Maturities, calls and principal repayments 424,932 545,836
Securities HTM:    
Maturities, calls and principal repayments 18,107 20,951
Proceeds from redemption of FHLB stock and equity investments 39,564 56,115
Purchases of FHLB stock and equity investments (15,190) (84,501)
Net loan paydowns (originations) (105,191) (50,985)
Proceeds from sales of customer receivables 0 7,600
Purchases of premises and equipment (13,195) (6,094)
Proceeds from (purchases of) BOLI 1,143 4,035
Proceeds from sales of premises and equipment 324 17
Net proceeds from sales of OREO 273 278
Proceeds from sales of repossessed assets 200 114
Net cash provided by (used in) investing activities 167,823 (132,623)
FINANCING ACTIVITIES:    
Net change in deposits 307,291 (114,005)
Net change in other borrowings 22,931 (404,010)
Proceeds from FHLB borrowings 3,346,000 6,068,951
Repayment of FHLB borrowings (3,976,577) (5,521,553)
Net proceeds from issuance of subordinated notes 147,619 0
Purchase/redemption of subordinated notes 0 (1,805)
Proceeds from stock option exercises 693 1,403
Cash paid to tax authority related to tax withholding on share-based awards (582) (286)
Purchase of common stock (12,622) (1,510)
Proceeds from the issuance of common stock for dividend reinvestment plan 739 886
Cash dividends paid (32,651) (32,702)
Net cash provided by (used in) financing activities (197,159) (4,631)
Net increase (decrease) in cash and cash equivalents 40,751 (74,213)
Cash and cash equivalents at beginning of period 426,161 560,510
Cash and cash equivalents at end of period 466,912 486,297
SUPPLEMENTAL DISCLOSURES FOR CASH FLOW INFORMATION:    
Interest paid 135,262 150,676
Income taxes paid 12,500 12,000
SUPPLEMENTAL DISCLOSURES OF NONCASH INVESTING AND FINANCING ACTIVITIES:    
Loans transferred to other repossessed assets and real estate through foreclosure 314 806
Unsettled trades to purchase securities 0 19,904
Unsettled trades to sell securities $ 9,093 $ 0