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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows provided by (used in) operating activities    
Net income $ 53,582 $ 66,150
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Provision for credit losses 7,315 1,580
Amortization of intangible assets 5,038 5,398
Amortization of mortgage servicing rights 648 1,472
Amortization of NMTC 0 4,480
Depreciation and amortization of premises and equipment 4,852 4,694
Net amortization (accretion) on portfolio loans 2,605 3,653
Net amortization (accretion) of premium (discount) on investment securities 4,682 8,011
Net amortization (accretion) of premium (discount) on time deposits 50 (156)
Net amortization (accretion) of premium (discount) on FHLB advances and other borrowings 558 506
Impairment of OREO and other repossessed assets 0 113
Impairment of fixed assets held for sale 369 0
Impairment of mortgage servicing rights 1 0
Unrealized (gains) losses recognized on equity securities, net (78) 2,501
(Gain) loss on sales of debt securities, net 6,806 174
(Gain) loss on sales of mortgage servicing rights (7,742) 0
(Gain) loss on sales of loans, net (723) (394)
(Gain) loss on sales of OREO and other repossessed assets (540) 4
(Gain) loss on sales of premises and equipment (54) (179)
(Gain) loss on life insurance proceeds (781) (759)
(Increase) decrease in cash surrender value of bank owned life insurance (2,080) (1,922)
Provision for deferred income taxes 1,480 (2,725)
Stock-based compensation 3,537 4,325
Proceeds from the sale of mortgage servicing rights 9,796 0
Mortgage loans originated for sale (51,722) (18,116)
Proceeds from sales of mortgage loans 43,629 18,208
(Increase) decrease in other assets 3,851 (6,326)
Increase (decrease) in other liabilities (19,254) (5,543)
Net cash provided by (used in) operating activities 65,825 85,149
Cash flows provided by (used in) investing activities    
Purchases of equity securities (622) (14)
Purchases of debt securities available for sale (28,149) (7,796)
Proceeds from sales of equity securities 894 14
Proceeds from sales of debt securities available for sale 101,360 0
Proceeds from paydowns and maturities of debt securities held to maturity 22,835 25,898
Proceeds from paydowns and maturities of debt securities available for sale 182,948 192,987
Purchases of FHLB and other bank stock (24) (30,957)
Proceeds from the redemption of FHLB and other bank stock 0 30,659
Net (increase) decrease in loans 53,156 (84,900)
Net cash received in (paid for) acquisitions (see Note 16) 18,377 0
Cash paid for premiums on bank-owned life insurance (70) (76)
Proceeds from life insurance 1,799 2,292
Purchases of premises and equipment (3,516) (4,523)
Proceeds from disposition of premises and equipment 1,341 3,863
Proceeds from sales of OREO and other repossessed assets, including cash payments collected 601 780
Net cash provided by (used in) investing activities 350,930 128,227
Cash flows provided by (used in) financing activities    
Net increase (decrease) in deposits (707,909) (8,369)
Net increase (decrease) in federal funds purchased and securities sold under agreements to repurchase (48,296) (26,853)
Net increase (decrease) in short-term borrowings (36,000) (135,000)
Repayment of other borrowings (31,450) (10,054)
Cash dividends paid (26,875) (26,539)
Purchase of treasury stock 0 (931)
Cash paid for withholding taxes on stock-based payments (396) (100)
Proceeds from stock warrants exercised 0 9
Common stock issuance costs (141) 0
Net cash provided by (used in) financing activities (851,067) (207,837)
Net increase (decrease) in cash and cash equivalents (434,312) 5,539
Cash and cash equivalents, beginning of period 719,581 227,164
Cash and cash equivalents, ending of period 285,269 232,703
Cash payments for:    
Interest 108,581 55,665
Income taxes 12,388 22,060
Non-cash investing and financing activities:    
OREO acquired in settlement of loans $ 26 $ 116