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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities    
Net income $ 53,422 $ 67,730
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of premises and equipment 3,284 3,355
Provision for credit losses 10,300 5,500
Amortization of intangibles 939 1,090
Net accretion of loans (692) (1,618)
Accretion on bank premises (37) (37)
Accretion on deposits (81) (232)
Amortization on borrowings, net 16 16
Stock-based compensation 3,216 3,641
(Gains) losses on equity securities, net (309) 674
Gains on sale of loans held-for-sale, net (2,126) (1,232)
Loans originated for resale (18,202) (19,511)
Proceeds from sale of loans held-for-sale 20,328 29,531
Loss on sale of other real estate owned 0 22
Increase in cash surrender value of bank owned life insurance (5,486) (4,681)
Amortization of premium and accretion of discounts on securities available-for-sale 598 821
Amortization of subordinated debentures issuance costs 379 1,058
Decrease (increase) in accrued interest receivable 2,157 (733)
Net change in operating leases (123) (23)
Increase in other assets (1,617) (6,861)
Decrease in other liabilities (37,505) (13,949)
Net cash provided by operating activities 28,461 64,561
Cash flows from investing activities    
Purchases (66,743) (33,454)
Maturities, calls and principal repayments 47,753 49,590
Purchase of equity securities (1,526) (2,540)
Net redemptions (purchases) of restricted investment in bank stocks 8,685 (2,783)
Payments on loans held-for-sale 0 25
Net decrease (increase) in loans 223,922 (82,847)
Proceeds from life insurance death benefits 1,114 0
Purchases of premises and equipment (1,536) (3,950)
Proceeds from sale of OREO 0 242
Net cash provided by (used in) investing activities 211,669 (75,717)
Cash flows from financing activities    
Net (decrease) increase in deposits (12,016) 82,105
Advances of Federal Home Loan Bank (“FHLB”) borrowings 630,587 2,391,500
Repayments of FHLB borrowings (822,049) (2,361,548)
Repayments of subordinated debt 0 (75,000)
Cash dividends on preferred stock (4,527) (4,527)
Cash dividends paid on common stock (20,368) (19,342)
Repurchase of treasury stock (5,820) (15,309)
Proceeds from exercise of stock options 0 96
Share redemption for tax withholdings on performance units and deferred stock units earned (1,403) (1,836)
Net cash used in financing activities (235,596) (3,861)
Net change in cash and cash equivalents 4,534 (15,017)
Cash and cash equivalents at beginning of period 242,714 268,315
Cash and cash equivalents at end of period 247,248 253,298
Supplemental disclosures of cash flow information    
Interest paid on deposits and borrowings 205,762 164,108
Income taxes 21,084 27,377
Supplemental disclosures of noncash activities    
Transfer of loans from held-for-sale to held-for-investment 0 11,197
Transfer of loans from held-for-investment to held-for-sale $ 0 $ 16,156