v3.25.4
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities      
Net income (loss) before attribution of noncontrolling interest $ 52,417 $ (15,752) $ 30,789
Adjustments to reconcile net income (loss) to net cash provided by operating activities      
Provision for credit losses 42,596 60,460 61,277
Net premium amortization on securities 2,200 4,563 4,850
Depreciation and amortization 6,686 6,600 6,842
Stock-based compensation expense 4,979 5,047 6,775
Losses on loans held for sale carried at the lower of cost or fair value 15,731 13,900 43,057
Loss on sale of repossessed assets 0 0 2,649
Impairment on investment carried at cost 0 0 1,963
Change in cash surrender value of bank owned life insurance (10,096) (9,280) (5,173)
Securities (gains),losses, net (5,100) 76,855 10,989
Derivative losses (gains), net 3,355 196 (28)
Gain on sale of loans, net (5,357) (8,140) (4,355)
Gain on sale of Houston Franchise 0 (12,636) 0
Deferred taxes and others 5,720 165 (5,508)
Gain on early extinguishment of advances from the FHLB, net (12) (1,617) (40,084)
Proceeds from sales and repayments of mortgage loans originated for sale (at fair value) 143,662 380,810 286,504
Originations and purchases of mortgage loans originated for sale (at fair value) (107,512) (419,145) (343,524)
Net changes in operating assets and liabilities      
Accrued interest receivable and other assets 8,233 3,776 (34,449)
Account payable, accrued liabilities and other liabilities (20,522) (3,608) 4,147
Net cash provided by operating activities 136,980 82,194 26,721
Purchases of investment securities:      
Available for sale (1,058,819) (735,610) (264,094)
Trading Securities (118,444) 0 0
Federal Home Loan Bank and Federal Reserve Bank stock (8,360) (51,034) (83,119)
Equity securities with readily determinable fair value not held for trading 0 0 (2,500)
Purchases of investment securities (1,185,623) (786,644) (349,713)
Maturities, sales, calls, paydowns and redemptions of investment securities:      
Available for sale 523,706 694,080 104,191
Held to maturity 0 9,622 14,718
Trading 121,242 0 0
Federal Home Loan Bank and Federal Reserve Bank stock 9,500 43,050 88,400
Equity securities with readily determinable fair value not held for trading 0 0 11,168
Maturities, sales, calls and paydowns of investment securities 654,448 746,752 218,477
Proceeds from surrender of bank owned life insurance 0 62,741 0
Net decrease (increase) in loans 343,419 (1,062,783) (509,687)
Proceeds from loan portfolio sales 137,923 543,146 109,224
Purchase of bank owned life insurance (7,000) 0 (65,015)
Net cash transferred on sale of Houston Franchise 0 (73,912) 0
Purchases of premises and equipment and others (7,745) (7,401) (10,933)
Proceeds from sales of premises and equipment 14,113 205 535
Proceeds from sales of repossessed assets and other real estate owned 2,661 0 2,464
Cash paid in business acquisition, net 0 0 (1,970)
Proceeds from bank owned life insurance death benefit 0 1,232 0
Net cash used in investing activities (47,804) (576,664) (606,618)
Cash flows from financing activities      
Net increase in demand, savings and money market accounts 170,745 256,946 281,822
Net (decrease) increase in time deposits (238,406) 270,595 568,842
Proceeds from advances from the Federal Home Loan Bank 380,000 1,462,500 1,955,000
Repayments of advances from the Federal Home Loan Bank (413,375) (1,360,883) (2,176,977)
Redemption of senior notes (60,000) 0 0
Repurchase of common stock-Class A (33,000) (7,556) (4,933)
Dividends paid (15,096) (12,819) (12,063)
Net proceeds from issuance of common stock 0 155,750 0
Disbursements arising from stock based compensation, net (248) (1,576) (523)
Net cash (used in) provided by financing activities (209,380) 762,957 611,168
Net (decrease) increase in cash and cash equivalents and restricted cash (120,204) 268,487 31,271
Cash and cash equivalents and restricted cash      
Beginning of period 590,359 321,872 290,601
End of period $ 470,155 $ 590,359 $ 321,872

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