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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities      
Net income $ 61,063,000 $ 59,021,000 $ 44,138,000
Adjustments to reconcile net income to net cash from operating activities:      
Depreciation and amortization 12,945,000 13,678,000 9,425,000
Accretion of acquired loans 0 (135,000) (449,000)
Provision (benefit) for credit losses 6,550,000 (4,300,000) 14,050,000
Deferred income tax expense (benefit) (1,353,000) 2,020,000 (4,141,000)
Stock-based compensation expense 3,377,000 3,784,000 2,325,000
Stock grants to directors for retainer fee 359,000 344,000 394,000
Proceeds from sales of mortgage loans held for sale 237,779,000 686,418,000 677,634,000
Origination of mortgage loans held for sale (217,030,000) (649,245,000) (665,992,000)
Net gain on sales of mortgage loans held for sale (8,197,000) (30,402,000) (29,541,000)
Net gain from sales and valuation write-downs of foreclosed assets (69,000) (78,000) (325,000)
Net (gain) loss from sale and write-downs on former bank premises 275,000 (140,000) (27,000)
Net (gain) loss from sales and disposals of premises and equipment (36,000) 246,000 1,514,000
Earnings on bank owned life insurance (1,678,000) (1,164,000) (1,214,000)
Gain on sale of branch 0 (1,058,000) 0
Net (gain) loss on instruments designated at fair value and related derivatives (45,000) 224,000 24,000
Net change in:      
Accrued interest receivable (6,165,000) 1,528,000 (917,000)
Other assets (437,000) (12,655,000) (9,907,000)
Accrued interest and other liabilities 32,524,000 (3,513,000) 886,000
Net cash from operating activities 119,862,000 64,573,000 37,877,000
Cash flows from investing activities      
Purchases of securities available for sale (107,011,000) (298,708,000) (369,682,000)
Proceeds from maturities, calls and repayments of securities available for sale 17,984,000 80,432,000 321,164,000
Loan originations and payments, net (462,427,000) (267,899,000) (341,461,000)
Proceeds from Federal Home Loan Bank stock redemption 281,000 0 0
Purchases of bank owned life insurance (4,500,000) (2,000,000) (700,000)
Proceeds from bank owned life insurance death benefits claim 628,000 0 0
Net cash transferred in branch sale 0 (2,679,000) 0
Purchases of premises and equipment and lease activity (3,017,000) (5,602,000) (8,989,000)
Proceeds from sales of former bank premises 2,994,000 753,000 162,000
Proceeds from sales of foreclosed assets 69,000 196,000 700,000
Net cash for investing activities (554,999,000) (495,507,000) (398,806,000)
Cash flows from financing activities      
Net decrease in time deposits (57,189,000) (120,512,000) (99,294,000)
Net (decrease) increase in all other deposits (313,193,000) 806,796,000 820,463,000
Net (decrease) increase in securities sold under agreements to repurchase (3,123,000) 79,098,000 15,690,000
Proceeds from Federal Home Loan Bank advances 28,263,000 0 60,000,000
Maturities of Federal Home Loan Bank advances (94,000,000) (20,000,000) (20,000,000)
Net proceeds from subordinated notes issuance 14,645,000 73,635,000 0
Proceeds from stock option exercises, net of cashless exercises 36,000 50,000 3,000
Employee stock purchase plan 45,000 48,000 49,000
Dividend reinvestment plan 867,000 877,000 814,000
Repurchases of common stock 0 (21,380,000) (6,591,000)
Payment of cash dividends to common shareholders (19,602,000) (18,524,000) (17,930,000)
Net cash (for) from financing activities (443,251,000) 780,088,000 753,204,000
Net change in cash and cash equivalents (878,388,000) 349,154,000 392,275,000
Cash and cash equivalents at beginning of period 975,160,000 626,006,000 233,731,000
Cash and cash equivalents at end of period 96,772,000 975,160,000 626,006,000
Supplemental disclosures of cash flows information      
Interest 21,765,000 20,352,000 27,703,000
Federal income taxes 11,200,000 17,550,000 10,950,000
Noncash financing and investing activities:      
Transfers from loans to foreclosed assets 0 30,000 146,000
Transfers from bank premises to other real estate owned 0 0 613,000
Transfers from premises and equipment to other assets $ 2,847,000 $ 0 $ 0