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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities    
Net income $ 17,205 $ 24,929
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of premises and equipment 1,102 1,076
Provision for credit losses 4,000 1,000
Amortization of intangibles 321 372
Net accretion of loans (247) (743)
Accretion on bank premises (12) (12)
Accretion on deposits (39) (101)
Amortization on borrowings, net 5 5
Stock-based compensation 1,008 1,143
(Gains) losses on equity securities, net (86) 191
Gains on sale of loans held-for-sale, net (506) (49)
Loans originated for resale (6,617) (854)
Proceeds from sale of loans held-for-sale 7,123 1,202
Loss on sale of other real estate owned 0 22
Increase in cash surrender value of bank owned life insurance (1,664) (1,531)
Amortization of premium and accretion of discounts on securities available-for-sale 185 268
Amortization of subordinated debentures issuance costs 127 805
Increase in accrued interest receivable (623) (239)
Net change in operating leases (46) (42)
Increase in other assets (2,946) (13,321)
Increase in other liabilities 2,232 2,253
Net cash provided by operating activities 20,522 16,374
Cash flows from investing activities    
Purchases (25,947) (4,763)
Maturities, calls and principal repayments 13,166 16,906
Purchase of equity securities (807) (2,405)
Net redemptions of restricted investment in bank stocks 2,526 225
Payments on loans held-for-sale 0 17
Net decrease (increase) in loans 44,273 (33,911)
Purchases of premises and equipment (138) (2,867)
Proceeds from sale of OREO 0 242
Net cash provided by (used in) investing activities 33,073 (26,556)
Cash flows from financing activities    
Net increase in deposits 52,491 396,654
Advances of Federal Home Loan Bank (“FHLB”) borrowings 445,000 750,000
Repayments of FHLB borrowings (501,016) (755,016)
Repayments of subordinated debt 0 (75,000)
Cash dividends on preferred stock (1,509) (1,509)
Cash dividends paid on common stock (6,548) (6,074)
Repurchase of treasury stock (5,820) (4,853)
Proceeds from exercise of stock options 0 81
Share redemption for tax withholdings on performance units and deferred stock units earned (1,324) 0
Net cash (used in) provided by financing activities (18,726) 304,283
Net change in cash and cash equivalents 34,869 294,101
Cash and cash equivalents at beginning of period 242,714 268,315
Cash and cash equivalents at end of period 277,583 562,416
Supplemental disclosures of cash flow information    
Interest paid on deposits and borrowings 67,063 46,590
Income taxes 10,861 1,257
Supplemental disclosures of noncash activities    
Transfer of loans from held-for-sale to held-for-investment 0 13,456
Transfer of loans from held-for-investment to held-for-sale $ 0 $ 11,197