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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:    
Net income $ 37,303 $ 38,341
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization and accretion 1,737 (1,654)
Provision for (reversal of) credit losses 3,734 (4,781)
Stock-based compensation expense 2,084 1,793
Amortization of intangible assets 1,246 1,408
Origination of mortgage loans held for sale (6,511) (12,396)
Proceeds from sale of mortgage loans held for sale 5,909 13,021
Bank owned life insurance income (1,546) (2,459)
Valuation adjustment on interest rate swaps 0 (64)
Gain on sale of mortgage loans held for sale, net (150) (460)
Loss on sale of investment securities, net 286 0
Gain on sale of assets held for sale 0 (204)
Other 3,371 1,360
Net cash provided by operating activities 47,463 33,905
Cash flows from investing activities:    
Loan originations and purchases, net of payments (198,937) (51,198)
Maturities and repayments of investment securities available for sale 49,733 86,678
Maturities and repayments of investment securities held to maturity 11,673 11,767
Purchase of investment securities available for sale (14,994) (472,361)
Purchase of investment securities held to maturity 0 (244,911)
Purchase of premises and equipment (5,477) (1,191)
Purchase of bank owned life insurance 0 (105)
Purchases of Federal Home Loan Bank stock (44,192) (985)
Proceeds from sales of investment securities available for sale 22,688 0
Proceeds from redemption of Federal Home Loan Bank stock 44,735 2
Proceeds from sales of assets held for sale 0 1,173
Proceeds from sales of premises and equipment 2 0
Capital contributions to low-income housing tax credit partnerships (419) (978)
Net cash used by investing activities (135,188) (672,109)
Cash flows from financing activities:    
Net decrease in deposits (329,297) (64,100)
Proceeds from borrowings 1,754,800 50
Repayment of borrowings (1,304,800) (50)
Common stock cash dividends paid (15,430) (14,747)
Net decrease in securities sold under agreement to repurchase (8,382) (9,012)
Repurchase of common stock (4,378) (3,174)
Net cash provided (used) by financing activities 92,513 (91,033)
Net increase (decrease) in cash and cash equivalents 4,788 (729,237)
Cash and cash equivalents at beginning of period 103,590 1,723,292
Cash and cash equivalents at end of period 108,378 994,055
Supplemental disclosures of cash flow information:    
Cash paid for interest 17,587 3,188
Income Taxes Paid, Net 1,384 167
Investment in LIHTC partnership and related funding commitment 47 11,284
Right of use assets obtained in exchange for new operating lease liabilities 6,111 2,222
Transfer of bank owned life insurance to prepaid expenses and other assets due to death benefit accrued 700 2,114
Transfers of premises and equipment classified as held for sale to prepaid expenses and other assets from premises and equipment, net $ 0 $ 730