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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:    
Net income $ 43,803 $ 53,747
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision (credit) for credit losses 11,045 (1,844)
Depreciation and amortization of premises and equipment 5,204 4,876
Loss on disposal of premises and equipment 9 139
Cash flows from operating leases (3,950) (4,485)
Amortization of mortgage servicing rights 538 1,115
Net amortization and accretion of premium/discounts on investment securities 2,385 3,522
Share-based compensation 1,204 2,353
Net loss (gain) on sales of investment securities 135 (8,506)
Net gain on sales of residential mortgage loans (565) (1,626)
Proceeds from sales of loans held for sale 30,143 73,763
Originations of loans held for sale (28,473) (70,307)
Equity in losses (earnings) of unconsolidated entities 12 (171)
Distributions from unconsolidated entities 44 180
Net (increase) decrease in cash surrender value of bank-owned life insurance (3,203) 823
Deferred income tax benefit (expense) 8,955 (36,447)
Net tax (benefit) expense from share-based compensation (20) 196
Net change in other assets and liabilities 16,234 64,673
Net cash provided by operating activities 83,500 82,001
Cash flows from investing activities:    
Proceeds from maturities of and calls on available-for-sale investment securities 44,812 150,319
Purchases of investment securities available-for-sale (19,057) (89,063)
Proceeds from sale of investment securities 1,405 8,506
Proceeds from maturities of and calls on held-to-maturity investment securities 29,823 23,712
Purchases of held-to-maturity investment securities 0 (9,934)
Loan repayments (originations), net 46,520 (70,246)
Purchases of loan portfolios (19,659) (252,188)
Proceeds from sales of loans originated for investment 9,629 0
Purchases of bank-owned life insurance 0 (1,300)
Proceeds from bank-owned life insurance death benefits 2,627 1,864
Net purchases of premises, equipment and land (10,969) (14,981)
Net return of capital from unconsolidated entities 495 0
Investments in unconsolidated entities (395) (8,995)
Net purchases of FHLB stock (1,849) (5,582)
Net cash provided by (used in) investing activities 83,382 (267,888)
Cash flows from financing activities:    
Net increase (decrease) in deposits 138,522 (82,724)
Net (decrease) increase in FHLB advances and other short-term borrowings (5,000) 115,000
Proceeds from long-term debt 50,000 0
Cash dividends paid on common stock (21,085) (21,461)
Repurchases of common stock and other related costs (2,632) (15,817)
Net proceeds from issuance of common stock and stock option exercises 0 679
Net cash provided by (used in) financing activities 159,805 (4,323)
Net increase (decrease) in cash and cash equivalents 326,687 (190,210)
Cash and cash equivalents at beginning of period 112,044 328,907
Cash and cash equivalents at end of period 438,731 138,697
Cash paid during the period for:    
Interest 37,673 7,185
Income taxes 7,316 5,576
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 0 673,254
Amortization of unrealized losses on investment securities transferred to held-to-maturity at fair value 3,644 4,295
Other intangible assets and services provided in exchange for Swell common stock 0 1,500
Other intangible assets received in exchange for Swell common stock $ 1,500 $ 0