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Condensed 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 $ 59,730 $ 50,864
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 1,992 5,552
Depreciation, amortization and accretion, net 15,630 9,971
Change in cash surrender value of bank owned life insurance (3,509) (2,878)
Change in bank owned life insurance 0 (976)
Stock-based compensation expense 1,741 1,213
Operating lease payments (2,502) (2,414)
Loss (gain) on investment securities, net 433 (3,337)
(Gain) loss on sales and write downs of other real estate owned, net (33) 1,227
Loss on sale of other assets 8 69
Gain on sale of loans held for sale, net (2,631) (934)
Gain on repayment of subordinated debentures (493) 0
Increase in accrued interest receivable (3,305) (4,090)
Increase in accrued interest payable 1,393 2,306
Origination of loans held for sale (103,534) (51,413)
Proceeds from sale of loans held for sale 103,060 46,452
Decrease (increase) in other assets 21,398 (2,351)
Decrease in other liabilities (3,227) (5,692)
Net cash provided by operating activities 86,151 43,569
Cash flows from investing activities:    
Proceeds from maturities of certificates of deposit investments 245 690
Purchases of certificates of deposit investments (2,275) (245)
Proceeds from sales of securities available-for-sale 32,338 265,145
Proceeds from maturities of securities available-for-sale 71,126 80,932
Proceeds from maturities of securities held-to-maturity 0 695
Purchases of securities available-for-sale (16,299) (1,063)
Purchase of securities held-to-maturity (57) 0
Net (increase) decrease in loans (33,305) 21,078
Purchases of premises and equipment (3,703) (3,021)
Proceeds from sale of premises and equipment 7 0
Proceeds from sales of other real property owned 318 1,754
Proceeds from bank owned life insurance death benefit 0 2,048
Net cash (used in) provided by acquisition (8,944) 44,621
Net cash provided by investing activities 39,451 412,634
Cash flows from financing activities:    
Net decrease in deposits (34,825) (105,649)
Decrease in repurchase agreements (9,378) (6,436)
Proceeds from FHLB advances 75,000 150,000
Repayment of FHLB advances (100,000) (250,000)
Repayment of subordinated debenture (19,455) 0
Proceeds from issuance of common stock 839 787
Purchase of treasury stock 0 (5)
Dividends paid on common stock (16,656) (14,096)
Net cash used in financing activities (104,475) (225,399)
Increase in cash and cash equivalents 21,127 230,804
Cash and cash equivalents at beginning of period 143,064 152,433
Cash and cash equivalents at end of period 164,191 383,237
Cash paid during the period for:    
Interest 96,705 70,857
Income taxes (1,445) 16,627
Supplemental disclosures of noncash investing and financing activities    
Loans transferred to other real estate 491 648
Initial recognition of right-of-use assets 2,404 659
Initial recognition of lease liabilities 2,404 659
Dividends reinvested in common stock 0 0
LINCO Bancshares, Inc.    
Supplemental disclosures of purchases of capital stock    
Fair value of assets acquired 11,449 1,328,280
Cash paid 9,000 10,172
Common stock issued 0 93,508
Total consideration paid 9,000 103,680
Fair value of liabilities assumed $ 2,449 $ 1,224,600