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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
OPERATING ACTIVITIES      
Net income $ 86,692,000 $ 105,020,000 $ 113,401,000
Adjustments to reconcile net income to net cash provided by operations:      
Depreciation and net amortization 10,577,000 11,105,000 11,421,000
Securities premium amortization (discount accretion), net 4,523,000 18,261,000 22,770,000
Loan (discount accretion) premium amortization, net 400,000 (52,000) (829,000)
Provision for (reversal of) credit losses 9,154,000 3,241,000 (16,964,000)
Stock compensation expense 3,552,000 3,221,000 3,020,000
Deferred tax expense (benefit) (2,110,000) (89,000) 4,752,000
Net (gain) loss on sale of AFS securities 15,976,000 3,819,000 (3,862,000)
Net gain on sale of equity securities (5,058,000) 0 0
Loss on impairment of investments 0 38,000 0
Net loss on premises and equipment 342,000 576,000 324,000
Gross proceeds from sales of loans held for sale 17,161,000 23,774,000 45,803,000
Gross originations of loans held for sale (19,295,000) (22,757,000) (43,792,000)
Net (gain) loss on OREO (61,000) (40,000) (174,000)
(Gain on purchase) loss on redemption of subordinated notes (587,000) 0 1,118,000
Net change in:      
Interest receivable (1,139,000) (10,205,000) (437,000)
Other assets 37,874,000 (5,447,000) (2,672,000)
Interest payable 7,422,000 1,378,000 (2,257,000)
Other liabilities (85,559,000) 94,674,000 24,482,000
Net cash provided by (used in) operating activities 79,864,000 226,517,000 156,104,000
Securities AFS:      
Purchases (2,046,010,000) (708,307,000) (692,675,000)
Sales 1,125,414,000 460,765,000 160,498,000
Maturities, calls and principal repayments 960,614,000 107,787,000 315,455,000
Securities HTM:      
Purchases 0 (1,632,000) 0
Maturities, calls and principal repayments 22,563,000 12,002,000 18,304,000
Proceeds from sales of equity securities 6,679,000 0 0
Proceeds from redemption of FHLB stock and equity investments 36,919,000 46,812,000 32,174,000
Purchases of FHLB stock and equity investments (39,796,000) (40,967,000) (21,221,000)
Net loan paydowns (originations) (388,304,000) (503,647,000) 11,891,000
Purchases of premises and equipment (6,904,000) (9,301,000) (8,365,000)
Proceeds from (purchases of) BOLI 951,000 0 (13,000,000)
Proceeds from sales of premises and equipment 430,000 1,365,000 1,861,000
Net proceeds from sales of OREO 203,000 220,000 816,000
Proceeds from sales of repossessed assets 168,000 124,000 254,000
Net cash provided by (used in) investing activities (327,073,000) (634,779,000) (194,008,000)
FINANCING ACTIVITIES:      
Net change in deposits 351,551,000 475,629,000 789,968,000
Net change in other borrowings 288,667,000 197,934,000 47,000
Proceeds from FHLB borrowings 2,019,000,000 3,321,000,000 14,998,118,000
Repayment of FHLB borrowings (1,959,710,000) (3,511,680,000) (15,486,607,000)
Net proceeds from issuance of subordinated notes 0 0 (95,000)
Purchase/redemption of subordinated notes (4,365,000) 0 (100,011,000)
Proceeds from stock option exercises 1,082,000 790,000 7,672,000
Cash paid to tax authority related to tax withholding on share-based awards (597,000) (501,000) (479,000)
Purchase of common stock (44,803,000) (33,708,000) (34,148,000)
Proceeds from the issuance of common stock for dividend reinvestment plan 1,224,000 1,233,000 1,353,000
Cash dividends paid (43,582,000) (44,936,000) (44,569,000)
Net cash provided by (used in) financing activities 608,467,000 405,761,000 131,249,000
Net increase (decrease) in cash and cash equivalents 361,258,000 (2,501,000) 93,345,000
Cash and cash equivalents at beginning of period 199,252,000 201,753,000 108,408,000
Cash and cash equivalents at end of period 560,510,000 199,252,000 201,753,000
SUPPLEMENTAL DISCLOSURES FOR CASH FLOW INFORMATION:      
Interest paid 137,292,000 39,262,000 28,687,000
Income taxes paid 15,750,000 11,950,000 10,750,000
SUPPLEMENTAL DISCLOSURES OF NONCASH INVESTING AND FINANCING ACTIVITIES:      
Loans transferred to other repossessed assets and real estate through foreclosure 226,000 465,000 740,000
Loans transferred from held for investment to held for sale 8,093,000 0 0
Transfer of AFS to HTM securities 0 1,369,639,000 0
Unsettled trades to purchase securities 0 0 (18,995,000)
Unsettled trades to repurchase common stock $ 0 $ (133,000) $ 0