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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Dec. 31, 2023
Cash Flows From Operating Activities:          
Net (Loss) Income $ 21,815 $ 27,383 $ (62,325) $ 80,309  
Adjustments to reconcile Net (Loss) Income to net cash provided by operating activities:          
Provision for credit losses 10,094 5,644 54,228 17,046  
(Reversal of ) provision for unfunded commitments     (529) 327  
Goodwill impairment 0 0 104,168 0 $ 0
Depreciation and amortization     2,162 2,649  
Gain on sale of loans     (57) (395)  
(Gain) loss on mortgage servicing rights     (1,512) 108  
Securities premium amortization, net     4,178 4,766  
Origination of loans held for sale     0 (29,690)  
Proceeds from sale of loans held for sale     0 36,819  
Net gain on sale of other real estate owned     0 (134)  
(Gain) loss on call/sale of investment securities     (10) 14  
Net increase in cash surrender value of BOLI     (2,143) (1,972)  
Stock-based compensation expense     7,051 7,653  
Decrease (increase) in other assets     5,943 (29,589)  
Increase in other liabilities     2,528 51,058  
Net Cash Provided by Operating Activities     113,682 138,969  
Investment securities available-for-sale:          
Proceeds from maturities     89,035 92,647  
Proceeds from call/sale     27,000 8,303  
Investment securities held-to-maturity:          
Proceeds from maturities     53,187 60,312  
Proceeds from call     4,644 2,906  
Proceeds from (purchase of) Federal Reserve stock     (222) 39,378  
Purchase of Federal Home Loan Bank stock     (11,758) 0  
Proceeds from sale of mortgage servicing rights     4,798 0  
Net increase in loans     (32,828) (287,673)  
Redemption of BOLI     0 736  
Proceeds from sale of OREO     656 609  
Net change in premises and equipment     (183) (298)  
Net Cash Provided by (Used in) Investing Activities     134,329 (83,080)  
Cash Flows From Financing Activities:          
Decrease in deposits     (267,189) (336,876)  
Increase (decrease) in customer repurchase agreements     1,453 (9,411)  
Net (decrease) increase in short-term borrowings     (130,000) 325,000  
Net proceeds from long-term borrowings     75,812 0  
Proceeds from employee stock purchase plan     347 459  
Common stock repurchased     0 (48,035)  
Cash dividends paid     (40,634) (40,825)  
Net Cash Used in Financing Activities     (360,211) (109,688)  
Net Decrease in Cash and Cash Equivalents     (112,200) (53,799)  
Cash and Cash Equivalents at Beginning of Period     722,684 311,854 311,854
Cash and Cash Equivalents at End of Period $ 610,484 $ 258,055 610,484 258,055 $ 722,684
Supplemental Cash Flows Information:          
Interest paid     309,165 266,633  
Income taxes paid     5,980 16,940  
Non-Cash Investing Activities:          
Transfer of loans for investment to loans held for sale     5,000 0  
Transfers from loans to other real estate owned     $ 2,370 $ 0