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Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net income $ 40,248 $ 35,747
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 726 (359)
Depreciation, amortization and accretion, net 10,348 6,868
Change in cash surrender value of bank owned life insurance (2,313) (1,854)
Change in bank owned life insurance 0 (976)
Stock-based compensation expense 1,185 744
Operating lease payments (1,672) (1,577)
Loss on investment securities, net 156 52
(Gain) loss on sales and write downs of other real estate owned, net (86) 70
Gain on sale of loans held for sale, net (1,179) (518)
Gain on repayment of subordinated debentures (100) 0
Increase in accrued interest receivable (2,244) (623)
Increase in accrued interest payable 62 991
Origination of loans held for sale (45,536) (28,189)
Proceeds from sale of loans held for sale 42,699 26,332
Decrease in other assets 18,037 5,787
Decrease in other liabilities (7,311) (4,337)
Net cash provided by operating activities 53,020 38,158
Cash flows from investing activities:    
Purchases of certificates of deposit investments (2,275) (245)
Proceeds from sales of securities available-for-sale 15,875 6,477
Proceeds from maturities of securities available-for-sale 44,651 47,719
Purchases of securities available-for-sale (8,972) (1,063)
Purchase of securities held-to-maturity (21) (17)
Net decrease in loans 22,419 14,508
Purchases of premises and equipment (2,595) (1,908)
Proceeds from sales of other real property owned 182 767
Proceeds from bank owned life insurance death benefit 0 976
Net cash used in acquisition 0 (10,041)
Net cash provided by investing activities 69,264 57,173
Cash flows from financing activities:    
Net decrease in deposits (7,880) (37,416)
Decrease in repurchase agreements (7,766) (12,244)
Proceeds from FHLB advances 75,000 160,000
Repayment of FHLB advances (75,000) (175,000)
Repayment of subordinated debenture (3,865) 0
Proceeds from issuance of common stock 586 549
Purchase of treasury stock 0 (5)
Dividends paid on common stock (10,943) (9,395)
Net cash used in financing activities (29,868) (73,511)
Increase in cash and cash equivalents 92,416 21,820
Cash and cash equivalents at beginning of period 143,064 152,433
Cash and cash equivalents at end of period 235,480 174,253
Cash paid during the period for:    
Interest 64,142 43,245
Income taxes (657) 9,705
Supplemental disclosures of noncash investing and financing activities    
Loans transferred to other real estate 456 648
Initial recognition of right-of-use assets 2,109 663
Initial recognition of lease liabilities $ 2,109 $ 663