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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Dec. 31, 2022
Jun. 30, 2022
Mar. 31, 2022
OPERATING ACTIVITIES:        
Net Income (Loss) Attributable to Parent $ 55,555 $ 54,380 $ 47,965 $ 43,963
Adjustments to reconcile net income to net cash provided from operating activities:        
Depreciation 4,364     4,169
Deferred income and expense, net of amortization (608)     (1,838)
Capitalized loan servicing rights, net of amortization 592     (739)
Amortization of core deposit intangibles 1,050     1,424
Loss (gain) on sale of securities, net 7,252     (435)
Net change in valuation of financial instruments carried at fair value 552     (49)
Decrease in deferred taxes (1,158)     (860)
Increase in current taxes payable 10,014     7,595
Stock-based compensation 2,053     2,081
Net change in cash surrender value of BOLI (2,188)     (1,519)
Gain on sale of loans, excluding capitalized servicing rights (1,445)     (1,909)
(Gain) loss on disposal of real estate held for sale and property and equipment, net (331)     109
Provision for Loan, Lease, and Other Losses (524)     (6,961)
Loss on extinguishment of debt 0     765
Origination of loans held for sale (39,585)     (208,270)
Proceeds from sales of loans held for sale 48,871     226,074
Net change in:        
Other assets 8,837     (10,245)
Other liabilities (20,880)     (4,421)
Net cash provided from operating activities 74,737     50,654
INVESTING ACTIVITIES:        
Purchases of securities—available-for-sale 26,426     281,353
Principal repayments and maturities of securities—available-for-sale 45,774     106,937
Proceeds from sales of securities—available-for-sale 150,170     12,767
Purchases of securities—held-to-maturity 0     (40,351)
Principal repayments and maturities of securities—held-to-maturity 7,937     7,573
Loan (originations) repayments, net (13,681)     31,355
Purchases of loans and participating interest in loans 0     (75,575)
Proceeds from sales of other loans 1,519     5,034
Purchases of property and equipment (1,984)     (3,306)
Proceeds from sale of real estate held for sale and sale of other property 343     5,616
Proceeds from FHLB stock repurchase program 37,920     2,000
Purchase of FHLB stock 42,720     0
Proceeds from maturity of reverse repurchase agreements 150,000     0
Investment in bank-owned life insurance (2)     (50,040)
Other (39)     1,098
Net cash provided from (used by) investing activities 308,811     (278,245)
FINANCING ACTIVITIES:        
(Decrease) increase in deposits, net (465,857)     196,841
Repayment of long term FHLB advances 0     50,000
Advances of overnight and short term FHLB advances, net 120,000     0
Proceeds from (Payments for) Other Financing Activities (18,235)     2,288
Repayment of junior subordinated debentures 0     (50,518)
Proceeds from redemption of trust preferred securities related to junior subordinated debentures 0     1,518
Cash dividends paid (16,739)     (15,200)
Taxes paid related to net share settlement of equity awards 2,787     3,250
Net Cash Provided by (Used in) Financing Activities, Total (383,618)     81,679
NET CHANGE IN CASH AND CASH EQUIVALENTS (70)     (145,912)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 243,062   $ 1,988,388 2,134,300
CASH AND CASH EQUIVALENTS, END OF PERIOD 242,992 $ 243,062   1,988,388
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:        
Interest paid in cash 10,574     3,526
Tax paid 43     120
NON-CASH INVESTING AND FINANCING TRANSACTIONS:        
Dividends Payable 1,110     1,204
Loans, held-for-sale, transferred to portfolio 0     13,420
Securities, available-for-sale, transferred to held-to-maturity $ 0     $ 462,159