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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Net income $ 20,457 $ 19,757
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization and accretion 807 (1,572)
Provision for (reversal of) credit losses 1,825 (3,577)
Stock-based compensation expense 1,099 950
Amortization of intangible assets 623 704
Origination of mortgage loans held for sale (1,351) (5,833)
Proceeds from sale of mortgage loans held for sale 1,400 6,408
Bank owned life insurance income (709) (1,695)
Valuation adjustment on interest rate swaps 0 (53)
Gain on sale of mortgage loans held for sale, net (49) (241)
Loss on sale of investment securities, net 286 0
Gain on sale of assets held for sale 0 (204)
Other (991) (3,716)
Net cash provided by operating activities 23,397 10,928
Cash flows from investing activities:    
Loan originations and purchases, net of payments (75,839) (988)
Maturities and repayments of investment securities available for sale 26,949 42,327
Maturities and repayments of investment securities held to maturity 5,995 6,644
Purchase of investment securities available for sale (14,994) (244,409)
Purchase of investment securities held to maturity 0 (45,849)
Purchase of premises and equipment (4,653) (724)
Purchase of bank owned life insurance 0 (105)
Purchases of Federal Home Loan Bank stock (28,604) (983)
Proceeds from sales of investment securities available for sale 22,688 0
Proceeds from redemption of Federal Home Loan Bank stock 13,823 0
Proceeds from sales of premises and equipment 2 1,173
Capital contributions to low-income housing tax credit partnerships (369) 0
Net cash provided by investing activities (55,002) (242,914)
Cash flows from financing activities:    
Net (decrease) increase in deposits (135,818) 97,210
Federal Home Loan Bank advances 715,100 0
Repayment of Federal Home Loan Bank advances (332,000) 0
Common stock cash dividends paid (7,723) (7,372)
Net decrease in securities sold under agreement to repurchase (7,436) (1,770)
Repurchase of common stock (2,627) (2,652)
Net cash provided by financing activities 229,496 85,416
Net increase (decrease) in cash and cash equivalents 197,891 (146,570)
Cash and cash equivalents at beginning of period 103,590 1,723,292
Cash and cash equivalents at end of period 301,481 1,576,722
Supplemental disclosures of cash flow information:    
Cash paid for interest 6,501 1,555
Investment in LIHTC partnership and related funding commitment 12 670
Right of use assets obtained in exchange for new operating lease liabilities $ 1,296 $ 55