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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash Flows From Operating Activities    
Net income $ 70,554 $ 57,479
Reconciliation of net income to net cash provided by operating activities:    
Provision for credit losses and unfunded commitments, net 2,000 1,939
Net security premium amortization 6,579 6,342
Loan discount accretion (3,216) (4,972)
Other purchase accounting accretion and amortization, net (276) 61
Foreclosed property gains and write-downs, net (372) (16)
Other gains, net (3,212) (1,483)
(Decrease) increase in net deferred loan fees (901) 1,084
Bank-owned life insurance income (1,918) (1,234)
Depreciation of premises and equipment 3,436 2,928
Amortization of operating lease right-of-use assets 1,012 808
Repayments of lease obligations (912) (697)
Stock-based compensation expense 1,548 1,228
Amortization of intangible assets 1,970 1,742
Amortization and impairment of SBA servicing assets 1,531 1,014
Fees/gains from sale of presold mortgages and SBA loans (5,677) (12,144)
Origination of presold mortgage loans in process of settlement (78,141) (170,132)
Proceeds from sales of presold mortgage loans in process of settlement 94,052 204,588
Origination of SBA loans for sale (52,701) (60,135)
Proceeds from sales of SBA and other loans 101,801 55,380
Decrease in accrued interest receivable (604) (85)
(Increase) decrease in other assets (24,857) 2,467
Decrease (increase) in net deferred income tax asset 26,341 (44)
Increase (decrease) in accrued interest payable 41 (194)
Decrease in other liabilities (7,561) (4,826)
Net cash provided by operating activities 130,517 81,098
Cash Flows From Investing Activities    
Purchases of securities available for sale (354,765) (857,070)
Purchases of securities held to maturity (39,004) (133,916)
Proceeds from maturities/issuer calls of securities available for sale 156,874 169,819
Proceeds from maturities/issuer calls of securities held to maturity 4,102 8,718
(Purchases) redemptions of FRB and FHLB stock, net (7,838) 1,836
Net increase in loans (143,223) (40,288)
Proceeds from sales of foreclosed properties 2,904 2,462
Purchases of premises and equipment (2,702) (6,317)
Proceeds from sales of premises and equipment 359 218
Net cash paid from sale of insurance operations 0 (555)
Bank-owned life insurance death benefits 5,827 0
Net cash used by investing activities (377,466) (855,093)
Cash Flows From Financing Activities    
Net increase in deposits 235,521 897,789
Payments on long-term borrowings (67) (665)
Cash dividends paid – common stock (14,961) (10,833)
Repurchases of common stock 0 (4,036)
Payment of taxes related to stock withheld (603) (324)
Net cash provided by financing activities 219,890 881,931
(Decrease) increase in cash and cash equivalents (27,059) 107,936
Cash and cash equivalents, beginning of period 461,162 367,290
Cash and cash equivalents, end of period 434,103 475,226
Supplemental Disclosures of Cash Flow Information:    
Cash paid during the period for interest 4,644 5,345
Cash paid during the period for income taxes 15,719 16,326
Non-cash: Unrealized loss on securities available for sale, net of taxes (224,450) (15,334)
Non-cash: Foreclosed loans transferred to other real estate 119 848
Non-cash: Accrued dividends at end of period 7,853 5,698
Non-cash: Initial recognition of operating lease right-of-use assets and operating lease liabilities 0 444
Non-cash: Receivable recorded related to sale of insurance operations 0 12,955
Non-cash: Derecognition of intangible assets related to sale of insurance operations $ 0 $ (10,229)