Quarterly report [Sections 13 or 15(d)]

Consolidated Statements of Cash Flows (Unaudited)

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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Cash flows from operating activities:    
Net income $ 69,745 $ 54,850
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 2,623 2,458
Amortization of servicing assets - net 1,734 1,873
Share-based compensation expense 2,569 2,699
Credit loss expense 8,608 12,496
Loss on sale of securities 135  
Gain on sale of other real estate owned ("OREO") (850)  
Gain on sale of SBA loans (5,705) (6,018)
Gain on sale of residential mortgage loans (1,121) (1,331)
Origination of loans held for sale (125,156) (98,133)
Proceeds from sale of loans 123,117 108,040
Recognition of debt issuance costs upon redemption of subordinated debt 1,127  
Change in bank-owned life insurance 338 786
Change in prepaid expenses and other assets (1,774) (4,122)
Change in income tax assets (9,046) (611)
Change in accrued interest payable and other liabilities (14,525) 1,022
Net cash provided by operating activities 51,819 74,009
Cash flows from investing activities:    
Purchases of securities available for sale (279,832) (139,308)
Proceeds from the maturity, call, and repayment of securities 217,199 169,533
Proceeds from sales of securities available for sale 44,546  
Purchases of loans (17,316) (47,624)
Proceeds From Sale Of Loans Tranferred To Held For Sale 50,108 79,758
Purchases of premises and equipment (2,625) (1,392)
Proceeds from disposition of premises and equipment 16 14
Proceeds from sale of other real estate owned 2,830 713
Change in loans, excluding purchases and sales (62,034) (322,769)
Net cash used in investing activities (47,108) (261,075)
Cash flows from financing activities:    
Change in deposits 378,124 330,863
Change in open FHLB advances   (225,000)
Proceeds from FHLB term advances   50,000
Repayments of FHLB term advances (150,000) (25,000)
Issuance of subordinated debentures 54,094  
Redemption of subordinated debentures (110,000)  
Cash paid for vested employee shares surrendered for tax liability (1,560) (966)
Repurchase of common stock (14,447) (7,441)
Cash dividends paid (25,187) (24,536)
Net cash provided by financing activities 131,024 97,920
Net increase (decrease) in cash and due from banks 135,735 (89,146)
Cash and due from banks at beginning of year 212,841 304,800
Cash and due from banks at end of period 348,576 215,654
Supplemental disclosures of cash flow information:    
Interest paid 126,152 133,110
Income taxes paid 31,994 19,269
Non-cash activities:    
Transfer Of Loans To Other Real Estate Owned 1,084  
Transfer of loans to loans held for sale 66,333 41,897
Income tax benefit (expense) related to other comprehensive income items 7,232 (8,952)
Right-of-use asset obtained in exchange for lease liability $ 4,010 $ 3,534