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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash Flows From Operating Activities:    
Net Income (loss) $ (68,100) $ (84,140)
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 164,414 44,134
(Reversal of) provision for unfunded commitments 1,462 1,064
Goodwill impairment 0 104,168
Depreciation and amortization 1,611 1,492
Gains on sale of loans 0 (37)
Loss on mortgage servicing rights 0 (1,335)
Securities premium amortization (discount accretion), net 2,288 2,798
Net gain on sale of other real estate owned (487) 0
Net increase in cash surrender value of bank owned life insurance (9,443) (1,412)
Net (gain) loss on sale of investment securities 1,850 (7)
Stock-based compensation expense 3,797 5,032
Decrease (increase) in other assets (42,346) 283
Increase (decrease) in other liabilities (40,482) (13,947)
Net cash provided by operating activities 14,564 58,093
Cash Flows From Investing Activities:    
Purchases of available-for-sale investment securities (28,224) 0
Proceeds from maturities of available-for-sale securities 60,151 55,386
Proceeds from sale/call of available-for-sale securities 102,834 27,000
Proceeds from maturities of held-to-maturity securities 33,786 34,783
Proceeds from call of held-to-maturity securities 10,127 102
Purchases of Federal Reserve stock (121) (142)
Proceeds from (purchases of) of Federal Home Loan Bank stock 21,272 (28,384)
Proceeds from sale of mortgage servicing rights 0 3,618
Net change in loans 80,541 (62,045)
(Purchase) redemption of bank owned life insurance (200,000) 0
Proceeds from sale of other real estate owned 772 656
Purchase of premises and equipment (864) (30)
Net cash (used in) provided by investing activities 80,274 30,944
Cash Flows From Financing Activities:    
Increase (decrease) in deposits (11,471) (540,691)
(Decrease) increase in customer repurchase agreements (9,715) 8,633
Increase in short-term borrowings (440,000) 2,650,000
Net proceeds from long-term borrowings 0 (2,360,000)
Proceeds from employee stock purchase plan 200 223
Cash dividends paid (9,999) (27,053)
Net cash provided by (used in) financing activities (470,985) (268,888)
Net Increase (Decrease) in Cash and Cash Equivalents (376,147) (179,851)
Cash and Cash Equivalents at Beginning of Period 633,480 722,684
Cash and Cash Equivalents at End of Period 257,333 542,833
Supplemental Cash Flows Information:    
Interest paid 175,450 180,999
Income taxes paid 1,460 0
Supplemental Non-Cash Disclosures:    
Initial recognition of operating lease right-of-use assets 15,838 0
Transfer of loans held for investment to loans held for sale 37,576 5,000
Transfers from loans to other real estate owned $ 0 $ 400