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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Operating activities:    
Net income $ 60,725 $ 51,738
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation of premises and equipment, and amortization 3,187 2,962
Amortization of intangible assets 3,312 2,930
Provision for credit losses on loans 13,295 10,145
Amortization of investment securities premium, net 572 6,297
Loss on sale of investment securities 164 0
Originations of loans for resale (19,230) (50,254)
Proceeds from sale of loans originated for resale 20,373 53,806
Gain on sale of loans (501) (1,788)
Change in market value of mortgage servicing rights 125 (410)
Provision for losses on foreclosed assets 525 0
(Gain) loss on transfer of loans to foreclosed assets 0 (97)
Operating lease expense payments (3,264) (2,815)
Loss (gain) on disposal of fixed assets 18 (1,073)
Increase in cash value of life insurance (1,590) (1,390)
Loss on marketable equity securities 0 232
Equity compensation vesting expense 1,971 1,742
Change in:    
Interest receivable (979) (3,175)
Interest payable 2,488 (699)
Amortization of operating lease ROUA 3,359 2,930
Other assets and liabilities, net (28,354) 1,059
Net cash from operating activities 56,196 72,140
Investing activities:    
Proceeds from maturities of securities available for sale 159,494 151,486
Proceeds from maturities of securities held to maturity 15,756 22,752
Proceeds from sale of available for sale securities 24,160 0
Purchases of securities available for sale (34,468) (654,691)
Loan origination and principal collections, net (71,939) (423,606)
Proceeds from sale of premises and equipment 0 6,689
Purchases of premises and equipment (3,238) (2,223)
Cash acquired from VRB, net of cash consideration paid 0 426,883
Net cash from (used by) investing activities 89,765 (472,710)
Financing activities:    
Net change in deposits (233,648) 174,137
Net change in other borrowings 128,109 (14,998)
Repurchase of common stock, net of option exercises (9,074) (22,586)
Dividends paid (19,942) (15,792)
Exercise of stock options 156 256
Net cash (used by) from financing activities (134,399) 121,017
Net change in cash and cash equivalents 11,562 (279,553)
Cash and cash equivalents, beginning of period 107,230 768,421
Cash and cash equivalents, end of period 118,792 488,868
Supplemental disclosure of noncash activities:    
Unrealized gain (loss) on securities available for sale 17,787 (208,710)
Loans transferred to held-for-sale 0 12,044
Market value of shares tendered in-lieu of cash to pay for exercise of options and/or related taxes 2,100 829
Obligations incurred in conjunction with leased assets 4,855 3,867
Loans transferred to foreclosed assets 0 688
Supplemental disclosure of cash flow activity:    
Cash paid for interest expense 25,639 3,353
Cash paid for income taxes 35,300 12,000
Business combination [1]
[1] (1) During the period ended March 31, 2022, the VRB acquisition included fair value tangible assets acquired of $1.37 billion, liabilities assumed of $1.28 billion, resulting in goodwill of $0.09 billion.