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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 1 Months Ended 3 Months Ended
Jan. 31, 2022
Mar. 31, 2022
Dec. 31, 2021
Mar. 31, 2021
Cash flows from operating activities:        
Net income   $ 48,512 $ 5,751 $ 14,375
Adjustments to reconcile net income to net cash provided by operating activities        
Reversal of provision for credit losses   (31,542) 11,262 (1,107)
Reversal of provision for loan repurchases   (471) (675) (132)
Depreciation on premises and equipment   3,982   3,885
Amortization of intangible assets   441 430 282
Amortization of debt issuance costs   397   385
Net amortization of premium on securities   328   432
Net accretion of deferred loan costs and fees   (430)   (1,315)
Net amortization of premiums on purchased loans   846   426
Deferred income tax expense (benefit)   3,198   (845)
Bank owned life insurance income   (796) (794) (672)
Share-based compensation expense   1,285   1,544
Income from interest rate swaps   (102)   (271)
Loss on investments in alternative energy partnerships and affordable housing investments   1,704   4,812
Net gain on sale of securities available-for-sale   (16) 0 0
Gain on sale-leaseback of branch $ (771) (771)   0
Change in accrued interest receivable and other assets   (13,566)   4,990
Change in accrued interest payable and other liabilities   (7,734)   (2,886)
Net cash provided by operating activities   5,265   23,903
Cash flows from investing activities:        
Proceeds from sales of securities available-for-sale   17,646   0
Proceeds from principal repayments of securities held-to-maturity and available-for-sale   8,074   9,378
Purchases of securities available-for-sale   (5,000)   (52,845)
Loan originations and principal collections, net   195,846   267,366
Purchases of loans   (364,371)   (132,866)
Purchases of Federal Home Loan Bank and other bank stock   (6,824)   (458)
Purchases of premises and equipment   (529)   (849)
Proceeds from sale-leaseback of branch   2,400   0
Funding of equity investments   (2,789)   (876)
Decrease in investments in alternative energy partnerships   574   538
Net cash (used in) provided by investing activities   (154,973)   89,388
Cash flows from financing activities:        
Net increase in deposits   40,266   56,242
Net increase in short-term Federal Home Loan Bank advances   80,000   95,000
Net increase in other borrowings   165,000   0
Redemption of preferred stock   (98,703)   (93,269)
Purchase of treasury stock   (4,298)   0
Proceeds from exercise of stock options   0   300
Purchase of stock surrendered to pay tax liability   (960)   (6,700)
Dividends paid on preferred stock   (1,727)   (3,141)
Dividends paid on common stock   (3,752)   (3,033)
Net cash provided by financing activities   175,826   45,399
Net change in cash and cash equivalents   26,118   158,690
Cash and cash equivalents at beginning of period $ 228,123 228,123   220,819
Cash and cash equivalents at end of period   254,241 $ 228,123 379,509
Supplemental cash flow information        
Interest paid on deposits and borrowed funds   4,291   7,313
Income taxes paid   0   0
Supplemental disclosure of non-cash activities        
Reclassification of securities available-for-sale to held-to-maturity   329,416   0
Operating lease right-of-use assets recognized   786   4,023
Operating lease liabilities recognized   786   4,023
Receivable on unsettled securities sales   28,500   0
Commitments to fund low income housing tax credit investments   2,000   0
Goodwill adjustments for purchase accounting   $ 826   $ 0