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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:    
Net income $ 55,522 $ 59,331
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization and accretion 2,370 (620)
Provision for (reversal of) credit losses 2,856 (2,836)
Stock-based compensation expense 3,204 2,797
Amortization of intangible assets 1,841 2,079
Origination of mortgage loans held for sale 13,685 15,190
Proceeds from sale of mortgage loans held for sale 13,729 17,259
Bank owned life insurance income (2,280) (3,182)
Valuation adjustment on interest rate swaps 0 (67)
Gain on sale of mortgage loans held for sale, net (307) (593)
Loss on sale of investment securities available for sale, net 2,226 0
Gain on sale of premises and equipment 0 403
Gain on sale of branch including related deposits, net (610) 0
Other 13,698 3,865
Net cash provided by operating activities 78,564 62,440
Cash flows from investing activities:    
Loan originations and purchases, net of payments 212,222 176,700
Maturities and repayments of investment securities available for sale 135,084 132,854
Maturities and repayments of investment securities held to maturity 18,876 21,620
Purchase of investment securities available for sale (37,724) (742,801)
Purchase of investment securities held to maturity 0 (412,835)
Purchase of premises and equipment (9,250) (2,295)
Purchase of bank owned life insurance 0 (105)
Proceeds from bank owned life insurance death benefit 0 2,114
Purchases of Federal Home Loan Bank stock (45,588) (985)
Proceeds from sales of investment securities available for sale 67,900 0
Proceeds from redemption of Federal Home Loan Bank stock 46,131 2
Proceeds from sales of premises and equipment 2 2,208
Capital contributions to low-income housing tax credit partnerships (32,517) (9,245)
Net cash paid related to branch divestiture (13,826) 0
Net cash used by investing activities (83,134) (1,186,168)
Cash flows from financing activities:    
Net decrease in deposits (274,988) (156,555)
Proceeds from borrowings 1,789,700 50
Repayment of borrowings 1,339,700 50
Common stock cash dividends paid (23,141) (22,119)
Net decrease in securities sold under agreement to repurchase (23,439) (10,390)
Repurchase of common stock (6,949) (3,176)
Net cash provided (used) by financing activities 121,483 (192,240)
Net increase (decrease) in cash and cash equivalents 116,913 (1,315,968)
Cash and cash equivalents at beginning of period 103,590 1,723,292
Cash and cash equivalents at end of period 220,503 407,324
Supplemental disclosures of cash flow information:    
Cash paid for interest 29,921 4,939
Cash paid for income taxes, net of refunds 1,634 1,987
Supplemental non-cash disclosures of cash flow information:    
Investment in LIHTC partnership and related funding commitment 37,042 10,728
Right of use assets obtained in exchange for new operating lease liabilities 6,663 2,869
Transfer of bank owned life insurance to prepaid expenses and other assets due to death benefit accrued 700  
Transfers of premises and equipment classified as held for sale to prepaid expenses and other assets from premises and equipment, net 5,074 910
Transfer of deposits to deposits held for sale $ 0 $ 22,771