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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 66,540 $ 115,422 $ 79,990
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Provision for credit losses (5,202) (15,000) 20,469
Depreciation and amortization, premises and equipment 9,707 9,908 9,438
Amortization of premiums and discounts: investment securities, deposits, debt 3,126 6,002 9,013
Operating leases: excess of payments over amortization (4,081) (4,029) (3,488)
Amortization of finance leases 580 1,066 1,277
Amortization of core deposit intangibles 963 1,171 1,372
Amortization of deferred loan fees and costs (1,182) (8,569) 1,195
Share-based compensation expense 4,106 3,398 2,693
Lease impairment costs 0 0 10,873
Deferred income tax expense (benefit) (12,996) 7,884 (10,065)
Loss on debt extinguishment 0 0 1,492
Origination of LHFS (670,905) (2,251,090) (2,453,110)
Proceeds from sale of LHFS 831,095 2,379,116 2,407,287
Net fair value adjustment and gain on sale of LHFS 6,450 (42,358) (81,439)
Origination of MSRs (11,778) (34,445) (31,012)
Net gain on sale of loans originated as LHFI (88) (11,377) (6,895)
Change in fair value of MSRs (6,788) 12,290 37,567
Amortization of servicing rights 7,692 7,581 5,657
Gain on sale of branches (4,270) 0 0
Net change in trading securities (18,989) 0 0
(Increase) decrease in other assets 17,797 (5,796) (39,069)
Increase (decrease) in accounts payable and other liabilities 6,551 1,861 11,210
Net cash provided by (used in) operating activities 218,328 173,035 (25,545)
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchase of investment securities (759,501) (179,398) (373,264)
Proceeds from sale of investment securities 98,915 28,187 62,378
Principal payments on investment securities 125,848 197,253 208,610
Proceeds from sale of OREO 952 541 650
Proceeds from sale of loans originated as LHFI 4,613 504,584 576,388
Purchase of LHFI 0 0 (20,124)
Net cash provided by disposal of discontinued operations 0 0 2,800
Net cash distributed in sale of branches (138,756) 0 0
Net increase in LHFI (1,940,489) (683,822) (690,302)
Proceeds from sale of premises and equipment 0 0 1,460
Purchases of premises and equipment (6,786) (2,941) (3,298)
Proceeds from sale of Federal Home Loan Bank stock 147,486 109,484 145,801
Purchases of Federal Home Loan Bank stock (186,430) (99,526) (143,721)
Net cash used in investing activities (2,654,148) (125,638) (232,622)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Increase in deposits, net 1,472,834 347,867 481,464
Changes in short-term borrowings, net (25,000) (281,800) (143,200)
Proceeds from other long-term borrowings 1,000,000 50,000 0
Repayment of other long-term borrowings 0 (50,000) (7,082)
Proceeds from debt issuance, net 98,036 0 0
Repayment of finance lease principal (589) (1,070) (1,209)
Repurchases of common stock (75,000) (84,154) (58,009)
Proceeds from exercise of stock options 0 263 237
Dividends paid on common stock (26,847) (21,338) (13,865)
Net cash provided by (used in) financing activities 2,443,434 (40,232) 258,336
Net increase in cash and cash equivalents 7,614 7,165 169
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract]      
Cash and cash equivalents, beginning of year 65,214 58,049 57,880
Cash and cash equivalents, end of year 72,828 65,214 58,049
Cash paid during the period for:      
Interest 66,364 17,303 44,466
Federal and state income taxes 5,201 34,429 20,992
Non-cash activities:      
LHFI foreclosed and transferred to OREO 1,160 0 370
Loans transferred from LHFI to LHFS, net 12,361 392,555 569,534
Ginnie Mae loans recognized with the right to repurchase, net 0 0 92,366
Ginnie Mae loans derecognized with the right to repurchase, net 5,424 89,408 0
Repurchase of common stock - award shares $ 1,321 $ 3,940 $ 860