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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:    
Net income $ 30,662 $ 37,032
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision (credit) for credit losses 6,171 (2,206)
Depreciation and amortization of premises and equipment 3,376 3,262
Loss on disposal of premises and equipment 9 2
Cash flows from operating leases (2,692) (3,021)
Amortization of mortgage servicing rights 356 863
Net amortization and accretion of premium/discounts on investment securities 1,602 2,518
Share-based compensation expense 651 904
Net gain on sales of investment securities 0 (8,506)
Net gain on sales of residential mortgage loans (296) (1,339)
Proceeds from sales of loans held for sale 14,486 61,903
Originations of loans held for sale (15,678) (57,568)
Equity in earnings of unconsolidated entities 25 (113)
Distributions from unconsolidated entities 44 157
Net (increase) decrease in cash surrender value of bank-owned life insurance (2,622) 1,946
Deferred income tax benefit (expense) 11,225 (34,300)
Net tax (benefit) expense from share-based compensation (15) 198
Net change in other assets and liabilities 963 45,819
Net cash provided by operating activities 48,267 47,551
Cash flows from investing activities:    
Proceeds from maturities of and calls on available-for-sale investment securities 28,515 88,229
Purchases of investment securities available-for-sale (14,907) (89,069)
Proceeds from sale of investment securities 0 8,506
Proceeds from maturities of and calls on held-to-maturity investment securities 18,148 11,184
Loan payments, net 48,382 (34,961)
Purchases of loan portfolios (19,659) (165,703)
Proceeds from bank-owned life insurance death benefits 2,453 0
Net purchases of premises, equipment and land (8,270) (11,819)
Investments in unconsolidated entities (75) (8,995)
Net purchases of FHLB stock (1,814) (979)
Net cash provided by (used in) investing activities 52,773 (203,607)
Cash flows from financing activities:    
Net increase (decrease) in deposits 69,514 (17,097)
Net decrease in FHLB advances and other short-term borrowings (5,000) 0
Proceeds from long-term debt 50,000 0
Cash dividends paid on common stock (14,054) (14,354)
Repurchases of common stock and other related costs (2,560) (10,949)
Net proceeds from issuance of common stock and stock option exercises 0 679
Net cash provided by (used in) financing activities 97,900 (41,721)
Net increase (decrease) in cash and cash equivalents 198,940 (197,777)
Cash and cash equivalents at beginning of period 112,044 328,907
Cash and cash equivalents at end of period 310,984 131,130
Cash paid during the period for:    
Interest 22,540 4,037
Income taxes 3,806 5,569
Supplemental disclosure of non-cash information:    
Net change in common stock held by directors’ deferred compensation plan 0 (2,041)
Net transfer of investment securities from available-for-sale to held-to-maturity at fair value 0 762,738
Amortization of unrealized losses on investment securities transferred to held-to-maturity at fair value 3,644 1,976
Other intangible assets and services provided in exchange for Swell common stock $ 0 $ 1,500