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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 51,508 $ 47,396
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation expense 2,207 2,362
Provision for credit losses 2,306 6,460
Net amortization of debt securities 2,886 4,391
Deferred income tax expense 361 2,492
Stock-based compensation 1,265 1,559
Net accretion of discount and deferred loan fees on loans (5,497) (5,312)
Net realized loss on sales of securities 3,382 1,820
Net unrealized loss (gain) on equity securities (24) 61
Net loss (gain) on disposals of bank premises and equipment 57 (84)
Net gain on sales of bank premises held for sale 0 (75)
Impairment losses on bank premises held for sale 580 0
Net gain on sales of foreclosed assets (105) (632)
Write-down of foreclosed assets 90 189
Amortization of intangibles 2,130 1,950
Decrease in mortgage servicing rights 1,505 460
Amortization of discount and issuance costs on subordinated notes and debentures 104 104
Amortization of discount on Federal Home Loan Bank advances 305 275
Amortization of premium on time deposits (86) (330)
Mortgage loans originated for sale (46,706) (53,187)
Proceeds from sale of mortgage loans 47,267 52,976
Net gain on sale of mortgage loans (1,202) (1,125)
Increase in cash surrender value of bank owned life insurance (500) (408)
Decrease (increase) in accrued interest receivable 374 (828)
Decrease in other assets 5,003 12,530
Increase (decrease) in other liabilities 4,879 (20,198)
Net cash provided by operating activities 72,089 52,846
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from maturities of interest-bearing time deposits with banks 520 249
Purchase of interest-bearing time deposits with banks (11) (500)
Proceeds from sales of debt securities 66,812 185,280
Proceeds from sales and redemptions of equity securities 58 0
Proceeds from paydowns, maturities, and calls of debt securities 85,208 74,616
Purchase of debt securities (67,286) (2,640)
Purchase of equity securities (171) (370)
Purchase of loans (4,448) (49,859)
Net decrease (increase) in loans 42,815 (32,506)
Purchase of restricted stock 0 (20,143)
Proceeds from redemption of restricted stock 2,074 19,765
Purchases of bank premises and equipment (3,930) (1,951)
Proceeds from sales of bank premises and equipment 0 222
Proceeds from sales of bank premises held for sale 0 310
Proceeds from sales of foreclosed assets 1,143 3,274
Net cash paid for acquisition of Town and Country 0 (14,454)
Net cash provided by investing activities 122,784 161,293
CASH FLOWS FROM FINANCING ACTIVITIES    
Net decrease in deposits (120,651) (109,043)
Net decrease in repurchase agreements (13,413) (14,181)
Repayment of long-term Federal Home Loan Bank advances (400) (69,064)
Proceeds from long-term Federal Home Loan Bank advances 907 0
Taxes paid related to the vesting of restricted stock units (331) (181)
Repurchase of common stock (4,423) (7,488)
Cash dividends and dividend equivalents paid (18,143) (16,428)
Net cash used in financing activities (156,454) (216,385)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 38,419 (2,246)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 141,252 114,159
CASH AND CASH EQUIVALENTS AT END OF PERIOD 179,671 111,913
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Cash paid for interest 47,745 21,788
Net cash paid for income taxes 17,326 15,867
SUPPLEMENTAL DISCLOSURES OF NONCASH INVESTING ACTIVITIES    
Transfers of loans to foreclosed assets 652 1,049
Transfers of bank premises and equipment to bank premises held for sale $ 317 $ 35