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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities    
Net income $ 46,323 $ 63,739
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of premises and equipment 2,211 1,942
Provision for credit losses 4,000 4,450
Amortization of intangibles 743 867
Net accretion of loans (1,248) (1,689)
Accretion on bank premises (24) (24)
Accretion on deposits (177) (518)
Amortization on borrowings, net 11 14
Stock-based compensation 2,365 2,299
Losses on equity securities, net 401 1,001
Gains on sale of loans held-for-sale, net (599) (1,257)
Loans originated for resale (10,084) (14,795)
Proceeds from sale of loans held-for-sale 18,382 16,302
Gain on sale of other real estate owned 22 0
Increase in cash surrender value of bank owned life insurance (3,084) (2,548)
Amortization of premium and accretion of discounts on securities available-for-sale 565 1,481
Amortization of subordinated debentures issuance costs 932 152
Increase in accrued interest receivable (175) (463)
Net change in operating leases (85) (93)
Increase in other assets (5,378) (4,024)
(Decrease) increase in other liabilities (17,463) 4,131
Net cash provided by operating activities 37,638 70,967
Cash flows from investing activities    
Purchases (14,678) (296,254)
Maturities, calls and principal repayments 32,403 98,824
Purchase of equity securities (2,540) (3,200)
Net redemptions of restricted investment in bank stocks (84) (19,461)
Payments on loans held-for-sale 25 2,390
Net increase in loans (48,168) (450,723)
Purchase of bank owned life insurance 0 (30,000)
Purchases of premises and equipment (3,480) (1,276)
Proceeds from sale of OREO 242 0
Net cash used in investing activities (36,280) (699,700)
Cash flows from financing activities    
Net increase in deposits 181,852 285,164
Advances of Federal Home Loan Bank (“FHLB”) borrowings 1,377,000 1,450,181
Repayments of subordinated debt (75,000) 0
Repayments of borrowings (1,407,032) (1,043,424)
Cash dividends on preferred stock (3,018) (3,018)
Cash dividends paid on common stock (12,722) (13,127)
Repurchase of treasury stock (9,078) (11,250)
Proceeds from exercise of stock options 85 124
Share redemption for tax withholdings on performance units and deferred stock units earned (1,836) (2,133)
Net cash provided by financing activities 50,251 662,517
Net change in cash and cash equivalents 51,609 33,784
Cash and cash equivalents at beginning of period 268,315 265,536
Cash and cash equivalents at end of period 319,924 299,320
Supplemental disclosures of cash flow information    
Interest paid on deposits and borrowings 104,572 18,117
Income taxes 18,655 20,832
Supplemental disclosures of noncash activities    
Transfer of loans held-for-investment to other real estate owned 0 316
Transfer of loans from held-for-sale to held-for-investment 16,156 0
Transfer of loans from held-for-investment to held-for-sale $ 11,197 $ 5,572